Private hospitals suffer pandemic inflicted losses

After four years of making profit, the Tam Duc Heart Hospital in HCMC’s District 7 posted a loss of VND13 billion ($571,440) in the third quarter this year.

Its revenue plunged 63 percent to nearly VND54 billion.

The hospital has cut down salaries but high overhead costs and additional Covid-19 measures remained major financial burdens.

Its nine-month profit has fallen 86 percent year-on-year, the hospital said.

In Binh Tan District, Trieu An Hospital posted its second quarterly loss in a row at VND22 billion, against VND14 billion in the second quarter.

The hospital saw third quarter revenues plunge 70 percent year-on-year.

In Hanoi, the Transportation Hospital in Dong Da District saw a loss of VND11 billion in the third quarter, with revenue dropping 36 percent year-on-year to over VND24 billion.

Its accumulated loss stands at nearly VND188 billion, the hospital said.

Nationally, the number of health checks fell 10 percent year-on-year last year to VND167 million, according to the health ministry.

In HCMC the figure dropped 21 percent after rising for the previous 10 years.