Health infrastructures will benefit from a new loan guarantee scheme and an incremental allocation for short-term preparation for Covid-19: ICRA


Health infrastructures will benefit from a new loan guarantee scheme and an incremental allocation for short-term preparation for Covid-19: ICRA

To increase the current care infrastructure for Covid-19 and given warnings from health experts that the third wave could negatively affect children, the government has also allocated Rs. 23,220 crore (for one year) in as part of a new program focused on short-term readiness with a particular focus on children and pediatric / pediatric care beds. This program would be used to fund increased short-term human resources through medical and nursing students, increase the availability of oxygen beds, ensure adequate availability of equipment and drugs. , and improve testing capability and supportive diagnostics.

Ms. Mythri Macherla, Assistant Vice President and Sector Head, ICRA said: “With significant infrastructure gaps persisting in the Indian health sector, renewed attention and support provided by the government to scale up and New capacities in place in traditionally under-penetrated areas of the country are expected to improve access to care in semi-urban and rural areas of the country. While the warranty period has only been provided for three years compared to a generally higher break-even period for most hospitals (including installation set-up time), the warranty will provide additional comfort to lenders in the event of borrowers with a lower credit profile.

While hospitals experienced record occupancy rates in the first quarter of fiscal 2022 with a resurgence of Covid-19 cases and a resumption of elective surgeries in recent weeks, hospital revenues are expected to experience healthy expansion over the course of the year. 2022. However, with the Covid ARPOB (Average Revenue Per Occupied Bed Day) remaining 30 to 40% lower than the non-Covid ARPOB for most hospitals and the evolving nature of the pandemic, hospital margins would remain a key element controllable in the short term.

In addition, while loans backed by relatively lower interest rates are available through the previously announced RBI reception liquidity window of Rs. 50,000 crore and ECLGS 4.0 and the current guarantee scheme, hospitals will need to assess the demand outlook and the impact of additional loans on their balance sheets before committing to capital expenditures for the expansion.

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