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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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Healing Malaysia’s healthcare system

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11-Dec-16 As more patients in Malaysia opt for public hospitals, patient volume in private hospitals has dropped 20-30%. With medical inflation expected to be 15% in 2017, private hospitals must find ways of coping with falling revenue. Charges will go up when private hospitals can no longer contain their costs within reasonable limits. [image: The Star]

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Middle-class patients the target for Hong Kong hospital

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09-Dec-16 A HKD6.3 bn (USD812 mn) private hospital to be run by the Chinese University - envisioned as Hong Kong's first not-for-profit and self-financed teaching hospital - will offer 70% of its services in fixed packages to cater for the middle class, plus specialist quotas for Hospital Authority patients. The 619-bed hospital is to be commissioned in 2020. [image: The Standard]

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Indonesia’s healthcare: Coordination of Benefits rescue

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24-Nov-16 In Indonesia, the Coordination of Benefits (COB) provision is changing the country’s healthcare landscape. While the COB is not new, its ability to now be combined with the JKN national health insurance and private insurers should benefit the industry. From the perspective of insurance users, this can pave the way for higher productivity by using private medical providers. [image: Wikipedia / Shawn M. Spitler / U.S. Marine Corps]

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