Apollo Hospitals to Double AI Investments After Surpassing Profit Expectations
India’s Apollo Hospitals Enterprise is set to double its investment in artificial intelligence (AI) over the next two to three years. This move comes after the hospital chain reported a stronger-than-expected first-quarter profit, driven by higher patient volumes.
AI Integration in Medical Diagnostics
Apollo Hospitals currently employs AI tools to assist in medical diagnosis, including reading X-rays, scanning reports, and performing endoscopies. CEO Madhu Sasidhar highlighted the development of AI technology that analyzes existing scan reports to predict the risk of liver fibrosis, providing a proactive approach to patient care.
Additionally, Apollo is testing new AI tools with agentic capabilities, aiming to further enhance diagnostic accuracy and treatment decisions. Earlier this year, the hospital chain partnered with Microsoft to develop healthcare-focused AI applications, some of which are in early testing stages.
Expansion and Market Growth
Apollo is also expanding its infrastructure to capture a larger share of the healthcare market. The company plans to add 4,370 beds over the next 3-4 years through acquisitions, new hospitals, and facility expansions. Currently, Apollo’s bed capacity exceeds 10,000.
Financial Performance Highlights
- Consolidated net profit rose 41.8% to 4.33 billion rupees ($49.40 million) for April-June, beating estimates of 3.86 billion rupees.
- In-patient volume increased by 3%, even though overall occupancy rates dipped compared to last year.
- Average revenue per in-patient grew by 9%, contributing to a 15% rise in quarterly total revenue to 58.42 billion rupees, surpassing the estimated 57.44 billion rupees.
- The company projects double-digit revenue growth for the current financial year.
With AI playing a critical role in diagnostic and operational efficiency, Apollo Hospitals is positioning itself to meet growing healthcare demands while improving patient outcomes.
Healthcare professionals interested in AI applications can explore practical AI training courses and resources at Complete AI Training to learn more about current tools and technologies shaping the sector.
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