Over the coming year, the Company will continue to move forward to achieve our goals and grow in line with the country’s economic and social development. We will continue to upgrade the quality and efficiency of our services according to international standards
The outbreak of the novel coronavirus (COVID-19) in 2020 has had serious impacts on the world, affecting the economy, society, travel, living, and, of course, the healthcare industry. Foreign patients have not been able to travel to Thailand for medical services as they did in the past. Thailand’s healthcare industry has thus had to change radically to compensate for such impacts. To maintain their business, players in the healthcare industry have had to implement strict cost control measures without lowering service quality.
After assessing and monitoring the situation and the possible impacts when the new disease emerged in China and the first case was found in Thailand in early 2020, Praram 9 Hospital immediately adjusted its strategic plan. A separate area was specifically prepared for examining at-risk individuals in order to separate them from other patients. The Company turned an area in the Inpatient Department (IPD) into a negative pressure room to prepare for a wider spread of the disease. A telemedicine system was put in place to support patients who need to receive medications but were not comfortable or did not find it convenient to travel to the hospital. The Hospital also campaigned as a “COVID SAFE Hospital” and strictly complied with infection prevention and control measures, giving patients and families confidence and encouraging them to return to the hospital when the situation improved.
In July 2020, the Hospital opened Building B, which is more modern, comfortable and convenient, to service a new group of health conscious customers seeking preventive healthcare and wellness services. The building has a larger patient handling capacity than the existing facility. At the same time, the Hospital was drawing up a plan to improve Building A to support patients with difficult and complicated diseases, who are the main customer group, to provide them with a greater variety of services.
Thanks to this strategy and a series of developments, the Hospital has experienced only a limited impact from COVID-19. The 2020 operating performance was satisfactory with total revenue of THB 2,632.9 million, hospital business revenue of THB 2,601.2 million and profit for the year of THB 202.1 million. As of December 31, 2020, the Company had total assets of THB 4,797.0 million, total liabilities of THB 681.8 million and total equity of THB 4,115.2 million.
Over the coming year, the Company will continue to move forward to achieve our goals and grow in line with the country’s economic and social development. We will continue to upgrade the quality and efficiency of our services according to international standards, with the aim of becoming a leading hospital with sustainable growth in the future.