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flagship five-theatre day hospital in Sydney - I think he means a Day hospital with 5 theatres, not 5 days.
Currently, AVL has two day hospitals in South Africa and three in Australia. In South Africa, it owns the Medgate Day Clinic in Roodepoort and the eMalahleni Day Hospital in Witbank.
It has obtained a license to develop a day hospital in Soweto and is in discussion with a number of groups who have obtained licenses to build hospitals but do not have the funding to develop facilities.
In addition to three day hospitals already established in Australia, it is developing a flagship five-theatre day hospital in Sydney.
Between 80% to 90% of AVL’s profits currently come from its Australia businesses. Its established facilities base generated combined profits of R7.73 million for the year ended June 30 2013 (2012: R5.8 million).
Alongside growth through greenfield developments, acquisitions and partnerships, AVL plans to grow through a focused drive to market the advantages of day hospitals to healthcare practitioners, funders and patients.
“More than 60% of all surgical interventions can be done at day hospitals, which can save in the region of 35% of the costs involved for both funders and patients,” Grillenberger said at a pre-listing presentation in Johannesburg last week.
“In South Africa, vested interests and preconceived misconceptions have been hampering the development of day hospitals to their full potential in terms of the cost savings and patient convenience the day hospitals offer,” he added.
“AVL management believes this is set to change, following the announcement by medical scheme Discovery Health to pay surgeons an incentive if they treat patients in a day hospital. We expect other medical schemes to follow Discovery’s example in order to reduce the disproportionate increase in private hospital costs.”
