Healthcare Financial News

After Q2 EBITDA margin expanded by 40 bps to 26.6%, Yatharth Hospitals believes that the margins will be sustainable as growth will come organically as occupancy levels increase. «Further, initiatives including induction of international business coming in, PET and radiation line becoming operational in the coming quarters, and more higher specialties coming in would support ARPOB improvement which in turn should give the impetus for profitability improvements,» Yatharth Tyagi, Director, Yatharth Hospitals, said. Edited excerpts from an interview: After reporting the highest ever quarterly revenue in Q2 with a robust YoY growth of 34%, what is the guidance for the rest of the financial year? Yatharth Hospitals reported stellar performance over the last few years.

Biocon Biologics completes integration of Viatris' biosimilar business in 120 countries Biocon Biologics on Monday said it has completed integration of the acquired Viatris' biosimilar business in 120 countries, a year ahead of schedule. The company said over 10 emerging markets along with Japan, Australia and New Zealand have transitioned in this final phase of the integration of the biosimilars business acquired from Viatris. With the completion of this significant milestone, Biocon Biologics is now a fully integrated ‘lab to market’ biosimilars company committed to serving millions of patients across the globe. Around 70 emerging markets were integrated in July, the North America business transitioned in September and the European business in November. Biocon Biologics has made several key leadership appointments, built new capabilities and infrastructure from the ground up and set up dedicated teams to address the growing needs of patients and customers through self-led and partner or distributor-led commercial models. Biocon Biologics will now have a commercial footprint across 120 countries with a direct presence in the US, Canada, Europe and 9 key emerging market countries, namely India, UAE, Saudi Arabia, Morocco, South Africa, Brazil, Malaysia, Thailand, and the Philippines.

global transitions are working in India's favour, giving it the potential to become a force in today's uncertain world, but one of the country's biggest challenges is inclusive growth, Tata Sons chairman N Chandrasekaran said on Monday. In his address at the JRD Tata Oration, the head of the Tata group also asserted that artificial intelligence (AI) is here to stay and it will be beneficial if India prepares for it.

However, with the COVID-19 virus still circulating and its behavior adapting to the Indian weather conditions and the presence of other common pathogens, it is crucial to continue our efforts to effectively tackle the public health challenges, the Health Ministry said in a statement. India recorded 260 new coronavirus infections on Monday, with active cases increasing to 1,828, according to the latest data from Union Health Ministry.

Nabis Director of Policy Eddie Franco discusses New York marijuana regulators working toward a distributor license extension on 'Kennedy.'

The changes will be effective from December 18. The fund house informed the change to its investors through an addendum. Rs 100 SIP in Tata MF schemes

private equity investor InvAscent, through India Life Sciences Fund IV, has invested $10 million to acquire a minority stake in ABI Health Technologies Private Limited Ltd, a health-tech Software as a Service (SaaS) company headquartered in Bangalore. Founded in 2018 by Ajit Veerappan, ABI is a health-tech SaaS business which provides technology solutions to hospitals and diagnostic Labs. The company’s product, ClaimBook, helps a hospital to automate its entire health insurance claims management process, improving revenue cycles while reducing revenue leakage.

The next few months are crucial for final-year college students. It involves selecting a line of work, going through placement processes and interviews, and generally taking the first steps towards the rest of their lives. The process can lead to more questions than answers. This series, the Class of 2024, aims to simplify the way to navigate the world beyond the campus by talking about the sectors with opportunities, ways to use online platforms and preparing resumes, among other things. The fourth of the 10-part 'Class of 2024' series looks at the emerging areas freshers can tap for jobs. With shifts in technology increasing, the world of jobs is also evolving.

WhiteOak Capital Mutual Fund has filed a draft document for WhiteOak Capital Pharma and Healthcare Fund. The scheme will be an open-ended equity scheme investing in the pharma and healthcare sector. The scheme will be benchmarked against S&P BSE Healthcare TRI. The scheme will be managed by Ramesh Mantri and Dheeresh Pathak ( Equity investments) and Piyush Baranwa (debt investments).

stock market saw many companies coming up with their IPOs. While some have done well, many have given flat to negative returns. This begs the question - how have the IPOs of the past fared over a longer term? But before we take a look at the data, let us look at the Nifty performance.

Nirmala Sitharaman will present the Union Budget 2024 on February 1 next year. It will be an interim Budget as the elections for the Lok Sabha are due early next year. The full Budget for FY25 will be presented after the formation of the new government.

Reliance General Insurance Company introduced “Reliance Health Global", a healthcare policy aimed at providing Indians with access to global healthcare. This policy offers comprehensive coverage not only within India but extends its protective reach worldwide. It ensures a seamless experience for individuals accustomed to a global lifestyle, catering to those who seek access to top-notch healthcare services and infrastructure across the globe.

Reliance General Insurance Company Ltd has launched ‘Reliance Health Global’, a healthcare policy designed to make global healthcare accessible to Indians. This policy extends its protective embrace not only within the borders of India but across the world, ensuring a hassle-free experience for individuals accustomed to a global lifestyle, who desire access to world-class healthcare services and infrastructure.

WASHINGTON—Robert Gilbert is fed up with high prices for groceries and other necessities, and he has giving up hope that President Biden can help. “I don’t think he has really done much for us, nothing that benefits me really," said Gilbert, 65 years old, a retiree living on a fixed income in Fenton, Mo. He voted for Biden in 2020, but doesn’t think he will support him again.

India Ageing Report 2023, the percentage of the population of age 65 and older will rise from 10.5 percent to 20.8 percent by 2050, thus projecting that the country will double its share of senior citizens in just over two decades. In this context, it should also be noted that life expectancy in India nearly doubled from 35.21 years in 1950 to 70.19 years in 2022. And while this is a positive trend that reflects remarkable progress in healthcare and quality of life, it also exposes our longevity risks; thus bringing forth the importance of proactive and comprehensive retirement planning.

inDAO, a specialized organization focused on incorporating blockchain technology into daily life, and Verida, a provider of self-sovereign digital identity solutions, have formed a partnership with the goal of promoting the widespread adoption of Web3 in Uzbekistan.

Environmental Social Governance (ESG) Initiative’s Wharton Impact Venture Associates (WIVA) students announced the step into blockchain-based healthcare via a partnership with Patientory Inc. in a capital raise agreement. The two organizations became acquainted on WeFunder, a platform that allows non-accredited investors with limited capital to make purchases in early-stage companies with as little as $100. Patientory Inc. has already raised over $50,000 on the crowdfunding platform, with WIVA making its investments exclusively on the platform.

oral cancer, 8.88 crore for breast cancer and 4.96 crore for cervical cancer, the government informed Parliament on Friday. In a written response to a question in the Lok Sabha, Union Health Minister Mansukh Mandaviya said population-based prevention, screening and management for non-communicable diseases (NCDs), including common cancers such as oral, breast and cervical cancer, is conducted at the Ayushman Arogya Mandir as a part of the comprehensive primary healthcare under the National Health Mission (NHM).

Also Read: Education, healthcare, EV sectors to drive jobs in Q4 FY2024: Report The link for the official website of ICAI is: eservices.icai.org The CA foundation examination is scheduled to take place on December 31, January 2, 4, and 6, 2023 instead of December 24, 26, 28, and 30, 2023. Follow the below-mentioned steps to download CA Foundation exam 2023 admit card. Direct link to download admit card for CA foundation exam 2023: https://cdn3.tcsion.com//EForms/configuredHtml/1666/71696/login.html -Go to the official website of the Institute of Chartered Accountants of India Also Read: Elon Musk University? Tesla maker pledges $100 million to launch school in Texas: Report -Link to official website of the Institute of Chartered Accountants of India: eservices.icai.org -Instead of logging in, select the link stating ‘ Click here To Download Admit Card For Foundation Exam December 2023’.

The government is scheduled to unveil the annual budget for the upcoming fiscal year 2025 after the conclusion of the general elections next year. In the meantime, an interim budget will be presented on a “Vote on Account" basis on February 01 of the upcoming year. The interim budget will exclusively address necessary expenditures, typically having a restricted scope and excluding significant policy alterations or the introduction of new programs.

This series, the Class of 2024, aims to simplify the way to navigate the world beyond the campus by talking about the sectors with opportunities, ways to use online platforms and preparing resumes, among other things. This is the third of the 10-part series, offering a look into how the job market is shaping up in the immediate future. It is no secret that the idea of going to college for most people is to find a job. But that is a vague goal. Your aim becomes sharper only when you narrow the search by using parameters such as skill sets, requirements, remuneration and growth prospects, among others. The first step is to look at which sector suits you the most. Let us start with technology as it has over the past few decades fuelled the dreams of millions of youngsters. This year, though, the talent demand in the sector has been muted when compared with previous years.