Phyathai Hospital 3, a subsidiary of Thailand's largest hospital chain operator Bangkok Dusit Medical Services Plc (BDMS), said it expects total revenue in 2017 to grow 6.5% from the previous year, when it earned 2.7 billion baht.
The hospital director, Dr Suraphol Losiriwat, said the additional revenue would come from its wellness and anti-ageing centre as well as its vaccine centre, due to open this year.
He said the two centres would help it to be the best private general hospital on the western side of Chao Phraya River serving Greater Bangkok.
Phyathai 3 Wellness and Anti-Aging Centre (PWA Life Centre) is scheduled to open next month, seeking to tap opportunities as Thailand becomes an ageing society, said Dr Suraphol.
The company allocated 17 million baht for the centre and started construction in 2016.
He expects rising demand from Thais and expats for anti-ageing services. The centre is expected to generate at least 35 million baht this year.
The medicines used in the centre will be backed by studies to ensure patient safety, said Dr Suraphol.
He said the company plans to re-market its existing vaccine centre that opened in 2014. It wants to launch Thailand's second private hospital providing the dengue fever vaccine as the virus broke out in the country two years ago.
The plan to start providing the dengue vaccine follows Samitivej Hospital's offering to the public last year.
In addition, the vaccine centre plans to educate people and provide useful information as the company believes preventing disease is more beneficial than a cure after an outbreak.
Dr Suraphol said many adult Thais ignore the need for re-vaccination, believing a childhood vaccination lasts for their entire life.
"This is an incorrect assumption as some antibodies in some people dissipate and become ineffective in adulthood," he said.
As a result, Phyathai Hospital 3 vaccine centre will provide several vaccines for re-vaccination, including influenza, pneumonia, hepatitis, herpes zoster (shingles), diphtheria, tetanus and whooping cough.
Last year, the company provided 20,000 doses of influenza vaccine, and 3,000 doses for pneumonia and hepatitis each.
Dr Suraphol said spending thousands of baht on vaccines is better than paying for more expensive medical and operation expenses if people become sick.
Company revenue grew 6% in 2016 to 2.7 billion baht and Phyathai Hospital 3 plans to maintain its growth rate of 6-7% this year, he said.
"The hospital group's theme is 'protection is better than the cure'," said Dr Suraphol.
Each year the hospital plans to allocate some 200 million baht mostly for medicine and medical equipment.