Thailand hospitals to increase prices in 2023 due to rising staff needs | Healthcare Asia Magazine
, Thailand

Thailand hospitals to increase prices in 2023 due to rising staff needs

This as there is an influx of foreign and local patient traffic.

When the borders reopened in July 2022, Thailand had an increase in foreign patient traffic, especially from the Middle East, Myanmar, and Cambodia.

In a brokerage report, CGS-CIMB said this will continue next year, making hospitals overwhelmed with domestic and international patients. This will force hospitals to hire more staff and increase prices.

“We believe that rising staff costs and busy patient traffic will reduce the aggressive discounting hospitals have been offering, keeping competition benign in 2023F,” said CGS-CIMB.

Bumrungrad Hospital had already raised its prices by 5.8% in 2022 and would implement a 5% hike next year. 

“This should allow Bumrungrad Hospital, as well as other players, to keep its margins elevated despite higher staff costs, in our view,” said CGS-CIMB.

On the bright side, since hospitals target foreign patients, including Bumrungrad Hospital and Bangkok Dusit Medical Services, they do not need to launch aggressive promotion campaigns to attract patients.

Follow the link for more news on

Join Healthcare Asia Magazine community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!