Following the recent meeting, the medical board of the Social Security Office (SSO) has approved maintaining the payment rate for high-cost medical treatments (RW>2) at 12,000 baht per RW for the second half of the year 2025, as proposed by partner hospitals. The resolution will be forwarded to the full Social Security Board for a final decision at the next meeting.
Krungsri Securities (KSS) projects a favorable outlook for hospitals catering to Social Security patients. If the full board grants final approval, the move is anticipated to alleviate concerns over potential reductions in reimbursement for hospitals under the Social Security program for the remainder of the year.
Among hospitals in the sector, Bangkok Chain Hospital (BCH) and Chularat Hospital (CHG) are expected to benefit the most, given their significant exposure to Social Security patients—accounting for roughly 35% and 30% of total revenues, respectively.
KSS’ top picks in the sector include Bangkok Dusit Medical Services (BDMS), with a target price of THB 37.50, and BCH, with a target price of THB 19 per share.
