An Increase in Hospital Operations Revenue Pushes CHG’s 3Q Profit Up 5% to ฿13Mn

Chularat Hospital Public Company Limited (CHG) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

 

CHG’s net profit was Baht 282 million for 3Q20, increasing by Baht 13 million, or 5%, compared to 3Q19, as a result of an increase of revenues from hospital operations by 2% YoY to Baht 29 million.

 

Revenue from Social Security schemes in 3Q20 increased by 12% YoY. This is due to an increased fixed payment rate per head/year by 9% or about Baht 140 per head/year from Baht 1,500 to Baht 1,640 effective on 1 January 2020 and an additional medical treatment income of Chronic Diseases (OPD) from the actual payment for the last payment of 2019. 

 

Revenue from other governmental schemes in 3Q20 increased by 20% YoY. This is due to the increased number of cases and the increased payment rate of National Health Security (NHSO) from Baht 8,050/Adj.RW to Baht 8,750/Adj.RW effective on 1 June 2020.