Advanced Health sees rise in patients
Shares rally as admissions rise 45% in November at day hospitals after company reported a wider loss at SA operations in August
Day-hospital group Advanced Health’s share price leapt 16.92% after it said on Monday that 45% more patients were admitted at its hospitals in November than in the previous November. The share price was 76c higher at close of trade. The group, which has 10 private day hospitals, said there was significant interest in day-hospital services with further plans by the industry to support the growth and development of such facilities in 2018. Advanced Health said medical aid schemes favoured performing more same-day procedures in day hospitals. According to the Day Hospital Association of SA more than 60% of surgical procedures could be conducted in these facilities. They were also “less traumatic” than acute hospitals and patients were less likely to be exposed to hospital-acquired infections. Fewer than 20% of operations were performed in these facilities. In the five months to November, Advanced Health treated 36% more patients at its facilities. The number of patients treated in Nove...
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