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0 Comment Aug 31, 2018

Advanced Health Results 2018 Live Stream

Advanced Health Day Care Results 2018 Live Stream 30th August 2018

Day hospitals across the world are transforming the surgical experience for millions of patients by providing them with a more convenient alternative to hospital-based surgery, achieving the highest quality standards and positive patient experiences cost-effectively.

Day hospitals have generally received a cool reception from doctors, and have struggled to get medical schemes to direct patients to their facilities because they do not have a national footprint. Only 54 day hospitals in SA are not held by the “big three” hospital groups — Netcare, Mediclinic and Life Healthcare — and they are clustered in the Western Cape and Gauteng.

On Thursday Advance Health reported a loss of R36.3m for the year to June. While an improvement on the R48.2m loss the year before, this was largely due to an improved performance in its Australian business. The group earns 71% of its revenue from its five day hospitals in Australia, two of which were acquired during this period.

Revenue from Australia grew 33% to R292m and from SA 30% to R117m, taking Advanced Health’s overall revenue for the year to end-June to R409m, a 32% increase on 2017’s R309m.

Quality outcomes are the result of rapid advances in surgery and anaesthetic technologies. Patients and surgeons benefit from streamlined admission and surgical procedures performed in facilities which are compact, designed for the range of services rendered and staffed by appropriately qualified skilled professionals. In South Africa, the utilisation of day hospitals lags behind countries such as the United States and Australia.