Indias Apollo Hospitals to double AI investments, beats profit estimate

CEO, Hyderabad (Reuters) -india’s Apollo hospitals Enterprise’ın the next two to three years of artificial intelligence capabilities plan to double the investment, he said.

CEO Madhu Sasidhar told Reuters on Tuesday, the hospital chain is already using X -rays, scanning reports, as well as AI tools to study endoscopy – a medical procedure to examine the interior of the body using a camera.

Many large private hospital chains in India, like Western colleagues, invest in AI capabilities to improve other uses, as well as patient diagnosis and decisions on medical procedures.

Apollo recently developed technology to read existing screening reports and predict the risk of liver fibrosis in the future.

“We also bring another new generation agent AI type vehicles,” he said.

It did not measure the size of APOLLO’s current investment in AI.

Apollo, headquartered in Chennai, Headquartered in Southern India, established a partnership with Microsoft earlier this year to develop AI -based vehicles to be used in health services. Sasidhar said some were in the early stages of the test.

Indian hospital chains such as Apollo and Manipal increase bed counts for a larger part of the market, including the acquisition of smaller hospital operators.

Apollo, the next 3-4 years of purchase, new hospitals and existing facilities through the expansion of 4,370 beds, he said. The overall bed capacity is currently more than 10,000.

According to data compiled by LSEG, the company’s consolidated net profit increased 3.86 billion Rupi forecasts for April-June, increased by 41.8% for April-June.

According to Apollo, the overall occupancy rate fell from last year, while the patient volume increased by 3% and the average income per patient increased by 9%.

The total revenue of the three -month income increased by 15% and defeated 57.44 billion RUPPI estimates and rose to 58.42 billion RUPYE.

The company said he expects a double -digit income increase for the current financial year.

($ 1 = 87.6520 Indian rupees)

(Reporting by Rishika Sadam; Editing by Leroy Leo)