02-Dec-15 The Chinese government wants to privatize 20% of the country’s hospitals by 2020, and Memphis-based Methodist Healthcare wants to be a key component in that mission. Methodist’s strategic partnership with China-based healthcare management group Silver Mountain Capital is the company's latest move into China, in which the two organisations are developing a hospital in Shanghai. [image: Ken West]
Read More
28-Nov-15 China is planning more and better non-profit hospitals specializing in Traditional Chinese Medicine in a bid to develop rapidly the country's TCM industry. A comprehensive reform will focus on state-owned TCM hospitals at county and city levels while helping them to "better serve the people," according to the National Health & Family Planning Commission and the State Administration of TCM. [image: China Daily]
Read More
25-Nov-15 In Oct-15 China changed its One Child Policy to allow all married couples to have two children. What are the implications? Births are expected to lift dramatically from 16.3 mn in 2015 to 19.6 mn in 2016, benefiting companies targeting the baby/child market. However there will be little impact on overall population or the labour force, and no significant increase in GDP before 2035. [image: Time]
Read More
20-Nov-15 With growing numbers of Chinese celebrities such as Olympic athlete Liu Xiang seeking treatment abroad, more people in China are realizing they can also seek medical care overseas. The five-year cancer survival rate is 30%, half that of patients in the US. Besides lower standards of care, complaints about Chinese hospitals include long waiting times, lengthy diagnoses and impatient doctors. [image: MetroCebu News]
Read More
13-Oct-15 As China's growing 40+ population suffers increasingly from lifestyle diseases such as cardiac problems and cancer, many of the wealthy among them will seek treatment in the US or Europe. And many more will spend some of their new found wealth on plastic surgery, dentistry or wellness programs in Korea or Southeast Asia. Chinese medical tourists spent USD10 bn in 2014, only 2.3% of the global total, suggesting that there is a huge potential for further growth in the market. What can hospitals and governments do to tap into this opportunity? [image: Travel Daily News]
Read More