Year 2020 was the year that the world faced the pandemic coronavirus 2019 (COVID-19), which each country taking strict disease control measures to prevent and control the spread of COVID-19. Thailand has found the first infectious case in January 2020 and encountered with a large outbreak during March - April 2020. Subsequently, the government has announced State of Emergency along with initiated the country lockdown and temporarily halting certain types of business activities to control the situation which resulted in a slowing economic activities. However, the implementation of such measures resulted in Thailand being able to relatively control the COVID-19 outbreak. Bangkok Chain Hospital Public Company Limited (“Company”) and its affiliated hospitals under the circumstances of COVID-19 have joined forces with the government to provide screening, quarantine, and treatment services for many patients under COVID-19 investigation. Additionally, in May 2020, the Company has launched Kasemrad Hospital International Aranyaprathet, a 90-bedded hospital (51-bed first phase) located in Aranyaprathet District, Sa Kaeo Province to provide medical services to Thai and Cambodian patients.
Under the COVID-19 circumstances, the Company continued to grow in 2020, achieving a higher revenue and net profit. Total revenue increased by 0.25 percent over the previous year, to Baht 9,014.36 million. And, net profit increased 8.33 percent, to Baht 1,229.40 million. The improved performance due to the prompt provision of services related to COVID-19, a growth in Social Security revenue from the additional recognition of Risk Adjusted Capitation revenue and influenza vaccination service to Social Security patients. In addition, the Company has also implemented a cost management policy as well as increasing operational efficiency in order to sustain the operation for continuous growth.
Apart from business operations, the Company insisted to promote social responsibility activities under good governance guidelines. In 2020, the Company was nominated to be one of the listed companies in Stock Exchange of Thailand that possessed an outstanding performance in environment, social, and governance (ESG) from the assessment of Thaipat Institute. In addition, the Company has organized several charities such as Distress Treatment Project to provide health examination services and advise on health care and various diseases, training programs to educate employees of private companies on the prevention of COVID-19. Moreover, the hospital group insisted to continue to provide free influenza vaccinations for monks under the project “Health relief charity for Monks”, as well as organizing blood donation activities for people and hospital staff to take part in the activities on an ongoing basis.
On behalf of Bangkok Chain Hospital Public Company Limited, I would like to convey my gratitude to all shareholders, customers, doctor and nurse, and business alliances for your unwavering trusts and supports. Likewise, I would like to express my sincere appreciation to doctors, nurses, and employees for their exertions and dedications to the Company. The Company will strictly adhere to the intention to operate the business in line with ethical principles and good corporate governance guidelines to ensure sustainability and stability of the Company.
Prof.Chalerm Harnphanich, M.D., Ph.D.
Chairman of the Board of Directors