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Singapore to reorganise healthcare system into three clusters

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18-Jan-17 Singapore will reorganise the healthcare system into three integrated clusters. Health Minister Gan Kim Yong said “There remain many challenges ahead such as our ageing population, increased chronic disease burden and the need to manage future growth in healthcare manpower and spending.” With all three clusters having primary care capabilities, integration of care in instances like patient referrals will be streamlined. [image: Today / Channel News Asia]

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China’s healthcare sector a big draw for private equity investors

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18-Jan-17 Private equity firms and hedge funds are investing heavily into China’s healthcare industry in a bet on the sector’s upbeat growth potential. Private hospitals and drug makers are among the bright spots for investors focusing on China, where rising income and an ageing population are boosting the demand for quality medical services. [image: South China Morning Post]

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Chinese middle class big business for overseas healthcare providers

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 Insights

18-Jan-17 Like more traditional tourists, outbound Chinese patients are a lucrative opportunity. Many Chinese medical tourists aren’t fazed by high prices. The average cost of treatment in the US is four times the cost in China. In 2015, Chinese medical tourists spent USD9.7 bn on treatment and travel, according to Global Growth Markets. Hundreds of intermediary companies are springing up across China to capitalise. [image: Visual China]

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India's Practo raises $55m series D led by Tencent

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17-Jan-17 India’s Practo has raised US$55 mn in funding led by China’s Tencent. The funds will be used to foray into health insurance, bundling it with its consumer-facing services. Practo aggregates over 200,000 doctors across 10,000 hospitals, 8,000 diagnostic centers and 4,000 wellness and fitness centers in India, Brazil, Philippines, Malaysia, Indonesia and Singapore. [image: Tech In Asia]

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Philippines' Globe supports use of ICT to connect with patients

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16-Jan-17 One of the Philippines' Department of Health's initiatives to achieve its Sustainable Development Goals (SDGs) is an eHealth Strategic Framework, which aims to integrate ICT with healthcare. The SDGs got the support of Globe through a partnership with Salud Interactiva. Globe is offering the KonsultaMD service which provides access to licensed doctors. With 24/7 phone consultation, patients receive medical assessment. [image: Cebu Daily News]

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