Australia's biggest private hospital operator has singled out health insurers for not paying their "fair share" for client health services.
Ramsay Health Care, which has a network of more than 70 modern hospitals, clinics and surgical centres across the nation as well as operations in the UK and Europe, said the health sector faces a number of headwinds including cost pressures.
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"The operating environment remains challenging, with ongoing cost pressures and the reluctance of some payors to recognise and pay their fair share of these inflationary cost increases," chairman David Thodey told shareholders at the group's annual meeting on Tuesday.
However, Ramsay, which reported a net profit of more than $300 million in the 2024/25 financial year, is looking forward to even higher earnings in the new year.
