Hospitals saw revenues drop by over 50 percent last month after SARS clusters in several facilities kept all but the bravest people away from doctor appointments.
"In addition to over 50 percent revenue losses in May, National Taiwan University Hospital has spent over NT$100 million treating more than 200 SARS patients," hospital Vice Superintendent Hsu Su-ming (
Clinic visits at the facility plummeted after the outbreak of SARS in late April.
National Taiwan University Hospital -- the nation's leading hospital in treating SARS victims -- on average, saw only 2,000 to 3,000 patients a day last month -- down from 7,000 patients per day before the virus outbreak, Hsu said.
Its revenue losses are estimated to be in the hundred of millions of NT dollars after it took in the nation's first SARS patient in mid-March.
Hsu, however, said that after the nation began to contain SARS this month, the hospital began to see more people coming for treatment and now has about 4,000 appointments per day.
Although the government has promised to compensate hospitals for their losses stemming from treating SARS patients, National Taiwan University Hospital has been too busy to file a claim and so hasn't received any subsidies yet, Hsu said.
According to a local media report, large hospitals such as National Taiwan University Hospital, Veterans General Hospital and Mackay Memorial Hospital were hardest-hit by SARS, suffering revenue drops of at least 30 percent last month.
The report speculated that big hospitals might have incurred NT$6 billion in total losses last month, although it failed to provide details on the number of hospitals.
Officials at the Department of Health and the Bureau of National Health Insurance yesterday refused to confirm the report's accuracy, saying that figures will only be available after the SARS-affected hospitals complete their health insurance claims later this month.
Municipal hospitals, such as Taipei Municipal Jen Ai Hospital and Jen Chi Hospital, were also badly hit by the virus and suffered a 10 to 20 percent decline in business last month, according to the report.
After taking in 34 SARS patients, Chang Gung Memorial Hospital in Keelung saw a 30 percent decline in business last month, losing over NT$40 million in one month according to administrative supervisor Tai Hsin-yeh (
Early this month, however, the hospital's business began to recover, seeing only a 15 percent decline, Tai said.
To weather the SARS impact, he said that the hospital has encouraged its medical staff to take vacations or combine their practices.
The epidemic has also affected small clinics which have not been treating SARS cases.
The University Eye Center, which specializes in corrective laser eye surgery, saw business decline by 20 to 30 percent according to its marketing manager, Chen Jung-jay (陳榮杰).
Chen said that the center had treated many patients who suffered from eye disorders and required immediate care, but those seeking corrective surgery have been taking a wait-and-see approach before scheduling appointments.
UNCERTAINTIES: Exports surged 34.1% and private investment grew 7.03% to outpace expectations in the first half, although US tariffs could stall momentum The Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) yesterday raised its GDP growth forecast to 3.05 percent this year on a robust first-half performance, but warned that US tariff threats and external uncertainty could stall momentum in the second half of the year. “The first half proved exceptionally strong, allowing room for optimism,” CIER president Lien Hsien-ming (連賢明) said. “But the growth momentum may slow moving forward due to US tariffs.” The tariff threat poses definite downside risks, although the scale of the impact remains unclear given the unpredictability of US President Donald Trump’s policies, Lien said. Despite the headwinds, Taiwan is likely
READY TO BUY: Shortly after Nvidia announced the approval, Chinese firms scrambled to order the H20 GPUs, which the company must send to the US government for approval Nvidia Corp chief executive officer Jensen Huang (黃仁勳) late on Monday said the technology giant has won approval from US President Donald Trump’s administration to sell its advanced H20 graphics processing units (GPUs) used to develop artificial intelligence (AI) to China. The news came in a company blog post late on Monday and Huang also spoke about the coup on China’s state-run China Global Television Network in remarks shown on X. “The US government has assured Nvidia that licenses will be granted, and Nvidia hopes to start deliveries soon,” the post said. “Today, I’m announcing that the US government has approved for us
When Lika Megreladze was a child, life in her native western Georgian region of Guria revolved around tea. Her mother worked for decades as a scientist at the Soviet Union’s Institute of Tea and Subtropical Crops in the village of Anaseuli, Georgia, perfecting cultivation methods for a Georgian tea industry that supplied the bulk of the vast communist state’s brews. “When I was a child, this was only my mum’s workplace. Only later I realized that it was something big,” she said. Now, the institute lies abandoned. Yellowed papers are strewn around its decaying corridors, and a statue of Soviet founder Vladimir Lenin
The National Stabilization Fund (NSF, 國安基金) is to continue supporting local shares, as uncertainties in international politics and the economy could affect Taiwanese industries’ global deployment and corporate profits, as well as affect stock movement and investor confidence, the Ministry of Finance said in a statement yesterday. The NT$500 billion (US$17.1 billion) fund would remain active in the stock market as the US’ tariff measures have not yet been fully finalized, which would drive international capital flows and global supply chain restructuring, the ministry said after the a meeting of the fund’s steering committee. Along with ongoing geopolitical risks and an unfavorable