The hospital sector is seeing better days ahead after more than two years of subdued performance that was mainly due to several regulatory measures. The tough days were triggered primarily on account of several regulatory measures, including the cap on prices of stents and knee implants by the National Pharmaceutical Pricing Authority (NPPA), Icra said in a release. Adverse impact of the rollout of the goods and services tax on profitability, strict regulatory actions taken by multiple states, including putting restrictions on procedure rates, levying penalties and placing operational limitations on erring hospitals were other measures that impacted the sector. In the financial year 2018-19, revenues of the companies in Icra’s sample set grew 10 per cent to Rs 15,891 crore compared to revenues of Rs 14,475 crore in the previous fiscal, the release said.

(Economic Times)