Hungary’s consolidators grow through COVID as ‘grey’ market formalises

Hungary's largest private acute care operators continued double-digit revenue growth of previous years in 2020 despite COVID-19, HBI can reveal. Recent analysis by analysts shows much of the sector's pre-pandemic growth may have been enhanced by capturing the 'grey' market of previously under-the-table private pay.

Why your communications director could be your next CEO

The biggest for-profit hospital operators in Australia, Hungary and Norway have all appointed new CEOs internally from communications roles or backgrounds in 2020. Is this indicative of a wider trend in the healthcare sector? The three women appointed tell HBI why it makes sense.

Hungary’s doctor pay increase ‘not yet’ like Romania’s

In a bid to boost retention, Hungry has increased public salaries for doctors by as much as 120%. A similar hike in Romania last year damaged the bottom line of the private sector. But HBI hears that three-quarters of doctors are refusing to sign the new contract and it could have the opposite effect by taking doctors out of the public sector altogether.

COVID widens fault line between outsourcing and private pay in Hungary

Hungary's private pay-focused operators should maintain double-digit growth in 2020 despite COVID-19 while those reliant on public outsourcing face an uncertain future, the chairman of the fourth-largest private acute care provider tells HBI. Affidea just lost a large outsourcing contract while a billionaire and venture capital funds have recently entered the market.

Interview: Arjan Toor, CEO, Cigna Europe

Cigna now describes itself as “a global health service company” rather than an insurer and has reorganised its European operations. Toor has recently been promoted to CEO Europe. He says that the insurer, which has 15% (US$840m) of its revenue in Europe, doesn't want to verticalise through owning primary care providers but wants instead to provide an end-to-end user experience.

Teleradiology’s elective volumes crash

Teleradiology providers across Europe have seen volumes crash for elective reads because of the shut down of non-essential work in public hospitals, while emergency reads have been less badly affected. But operators' low fixed costs should mean that profits will hold.

Five things we learnt at the Budapest Private Health Forum

This week HBI attended Portfolio's private healthcare forum in Budapest. We got an update on the country's ongoing insurance reform, the latest consolidation efforts and limp towards digitalisation. Here are our key takeaways: 

FREE BLOG Europe’s €18bn fragmented private imaging sector ripe for change

What has emerged during our research for HBI Intelligence's imaging report, now live on our site, is how fragmented the sector is compared to other services. It will be utterly revolutionised by regulatory and tariff changes, AI/teleradiology and changing service-supplier dynamics; it's just no one is sure exactly how.

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