Overall healthcare cost could increase post GST, Chairman Reddy
The Dollar Business Bureau The cost of overall healthcare could rise after the implementation of Goods and Services Tax (GST) as some of the products and services will be levied with 15-18% tax, while healthcare has been exempted, said Apollo Hospitals Chairman Prathap C Reddy on Tuesday. Reddy said that if there is a surge in the cost of healthcare by up to 2%, hospitals would be able to absorb the increase but any hike beyond that would have to be borne by the patients. “There is no GST for us but there are services and some products with GST rate ranging from 15 to 18% that have fallen on us. So, after GST the cost increase for hospitals will be around 2% ...
Fuelled by IFCs investment, Apollo pursues expansion
Sneha Gilada Apollo Clinics, initiated in 2002, over the years, has expanded to a network of 70 clinics across 30 cities in India. “No competitor has come anywhere close to establishing as many clinics,” Anand P Wasker, Chief Operating Officer (COO), Apollo Clinic, proudly stated at the opening of Apollo’s 7thclinic in Hyderabad at Manikonda. “Another branch is expected to come up in Uppal,” he added. The inaugural event was graced by the presence of chief guest Mr. KB Agarwal, Additional Secretary, Union Ministry of Health and Family Welfare. He expressed his appreciation for the contribution of private sector enterprises like Apollo in the field of healthcare, which are instrumental in the implementation of e-health and teleconsultation services in remote rural areas. Each ...
Apollo to invest Rs.1,200 cr in cancer care tech
Sharath Chowdary Apollo Hospitals is consistently investing in the latest technology to offer the best cancer care to its patients. Asia’s largest healthcare provider is going to invest Rs.1,200 crore in its oncology segment in the next two-three years, Apollo Group Chairman Dr Prathap C Reddy said. He spoke to the media in Hyderabad on Wednesday after launching Apollo Cancer Institute as an independent functional entity by amalgamating the nine cancer institutes across the country including Chennai, Hyderabad, New Delhi, Kolkata, Ahmedabad, Bilaspur, Bengaluru and Madurai. They are soon going to start new cancer institutes in Mumbai, Visakhapatnam and Bhubaneshwar. Out of the total investment, Rs.650 crore will be invested in bringing new proton therapy for the first time in South East Asia, while the ...
