ICAP: Private Health Services Sector Continues to Shrink in Greece

Friday, January 27th, 2017
Last Update: 13:36

Greece’s private health services market size shrank for the fourth successive year in 2016, a survey by ICAP Group SA on Private Health Services, said.

In recent years, the income of private health service providers were negatively impacted by the imposition of the Law 4172/2013 (clawback / rebate mechanism), whereby the sector were forced to a “haircut” of their claims for their services provided to insured people of EOPYY.

Constantine Paleologos, Senior Consultant Sector Studies, who edited this study, said that the total market for private health services (in value) is estimated to have decreased by 2% in 2016 compared with 2015. In particular, a decrease of 3% was recorded in the total revenue of diagnostic centers and dialysis centers.

Helen Demertzi, Senior Manager Finance ICAP Group study, indicates that clinics accounted for the largest share of the total market of private health services, with a market share estimated at around 60% for 2016. The obstetric clinics accounted for nearly 16% of total revenues while the remaining 24% are shared by private diagnostic centers – dialysis centers. In particular, in the area of ​​clinics, general clinics represent a share of 80%, neuropsychiatric clinics share of 7%, clinical share of 8% recovery and the remaining share specific, mixed and other clinical categories.

Threats posed to the industry were noted as being: prolonged period of economic recession the country, the public sector liquidity problems, the tight bank credit and of course, the state measures on reduction of health costs.

Source: ANA-MPA

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