Healthcare sector financial stability and risk assessment research
Based on cooperation between the International Fund Curatio and Galt & Taggart the next document (XIV wave) of the healthcare sphere barometer has been published.
According to the research, the healthcare sector has excess capacities and they are not effectively used: the sector profitability indicators are worsening from the year 2015; the healthcare related state expenses are permanently increasing and are uncontrolled and the state tries to balance it with the help of introduction of the state unified tariffs. Besides, high level of vagueness related to the expected regulations and state policy creates obstacles for encouragement of investments and complicates development of long-term investment or operation strategies by medical companies.
According to the findings of the research, increasing of the state expenses has encouraged establishment of new medical institutions – in the years 2014-2019 the number of ambulatory institutions increased 1.4 times and the hospital bed capacity increased 1,5 times. As a result, now we are facing excess healthcare infrastructure and low effectiveness. In 2019 only 49% of the beds were occupied, thus lagging sharply behind the EU (77%) and CIS (83%) average indicators. This has negative impact on the financial results of the sector.