Word: hospitalers
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As an early entrant, Chindex was able to negotiate a 90% ownership interest in its Beijing hospital. In 2000, China officially permitted foreign companies to pursue hospital and clinic joint ventures but limited ownership to 70%. Sino-U.S. joint ventures share the marketplace with players such as Singapore-based...
Patients with foreign passports accounted for the vast majority of those treated at United Family Hospital in Beijing. But today wealthy and upper-middle-class Chinese make up 40% of patients across United Family Hospital locations. In a one-child-per-family country, private maternity care is one of the...
The Chinese spent $92.9 billion on medical services and health goods last year, an 86% increase from the nearly $50 billion spent in 2003, according to Euromonitor. "It's an extension of consumer confidence. The Chinese will definitely pay more for health care when they have money," explains Sheldon I...
A day in a ward at Richland International Hospital, a private facility in Kunming, Yunnan province, costs anywhere from $60 to $320 depending on whether patients choose standard or VIP care, according to Tommy Chu, director of China Health Management Corp., a Las Vegas--based company that entered a joint...
Shanghai East International Medical Center, a joint venture between the privately owned U.S. Health Management Enterprises of Los Angeles and China-based Shanghai East Hospital, caters to the city's Westerners, according to CEO Paul Workman. A study conducted by Hewitt Associates, a global human-resources-services company, revealed that...