Word: jointly
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...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 venture with Yunnan-based Richard Technology Co. in 2006 to build and run the hospital. That's three to 10 times the cost of a day in a public-hospital ward...
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 55% of companies plan to boost the number of expats they employ this year, a 2% increase over 2007. About 21% of China's expats are Westerners, whose private insurers and employers often pick...
...provide basic health care to all Chinese residents within the next 12 years. The initiative requires improving the country's vast network of public hospitals, a prospect on which Sunnylife Global Inc., a publicly traded company in West Covina, Calif., is staking its future. Sunnylife entered its first joint venture in 2003 to upgrade some of the country's public hospitals by providing everything from updated equipment to structural improvements. Dr. Bridget Cheng, who co-founded the company in 2000, envisioned bringing a Kaiser Permanente--style managed-care system to China. Sunnylife plans to upgrade hospitals in exchange...
Sino-U.S. joint ventures are just a modest beginning to repair China's ailing health-care system, according to Pasqualine Wolfermann, emergency-response director for MEDEX Global Group Inc., a travel-assistance and medical-insurance company based in Baltimore. "For the extent of the population and the number of business travelers now in the area, there's really not enough," she says. MEDEX still transports its most seriously ill clients to Hong Kong. "In terms of medical care, China is one of the most challenging countries," she says. But it's also ripe with opportunity for businesses with...
...insurance subsidiary, and 10% commercial-services exporter running emergency rooms in the Middle East and transplant and cancer programs in Europe. It looks to companies such as Siemens and General Electric as role models, since both do basic research but have to develop profitable products. UPMC has formed a joint partnership with GE, called Omnyx, to develop an information-technology-based digital pathology business. Each company is investing $20 million...