David Wood, Senior Partner of The ChinaCareGroup has been invited to be a featured speaker at a conference entitled Health Care Organization: From Idea to Launch scheduled for November 13-14, 2015 in Kiev, Ukraine. Mr. Wood will be speaking on the Chinese experience of building modern hospitals.
September 28, 2014 – The ChinaCare Group announced today the extension of its advisory contract with Hong Kong-based New Age Health Group. The original contract was signed in 2013 and the new contract will extend the relationship through 2016. New Age Health Group provides health and wellness centers throughout South East Asia.
The National Health and Family Planning Commission has followed the Decision of the CCCPC on Some Major Issues Concerning Comprehensively Deepening Reform and Several Opinions of the State Council on Accelerating the Development of Health Service, as well as requirements of deepening medical and health system reform. It has decided to carry out pilot projects of establishing a wholly foreign-owned hospital to promote health service development and better satisfy the medical needs of the public.
II. Range of pilot work
Pilot projects will be carried out in Beijing, Tianjin, Shanghai, Jiangsu, Fujian, Guangdong and Hainan. Foreign investors will be allowed to set up wholly foreign-owned hospitals through mergers, acquisitions or other means.
1. Foreign investors should be able to independently bear civil liabilities and have experience in medical and health investment and management.
2. The wholly foreign-owned hospitals should meet basic national medical institute standards.
3. Provincial health and family planning administration and business departments will be responsible for reviewing the qualifications of the wholly foreign-owned hospitals.
4. Establishment of wholly foreign-owned hospitals and related changes should go through standard legal procedures and follow relevant legal requirements.
Establishment of wholly foreign-owned hospitals should also meet the requirements made by provincial health and family planning administration and business departments.
Provincial health and family planning administration and business departments should take steps to open up the medical institute market and control risks in formulating a plan to build wholly foreign-owned hospitals. They should report the plan to the National Health and Family Planning Commission and the Ministry of Commerce. The provincial health and family planning administration should supervise and manage wholly foreign-owned hospitals in accordance with the law.
China allows foreign-owned hospitals in more cities
BEIJING, Aug. 27 (Xinhua) — China has allowed private hospitals solely owned by foreign investors to open in seven cities and provinces, the Ministry of Commerce (MOC) announced on Wednesday.
Wholly foreign-owned hospitals are permitted in the cities of Beijing, Tianjin, Shanghai and the provinces of Jiangsu, Fujian, Guangdong and Hainan, according to a statement jointly issued by the MOC and the National Health and Family Planning Commission dated July 25.
Foreign investors can either set up a new hospital or take part via mergers and acquisitions, it said.
But the MOC specified that only investors from Hong Kong, Macao and Taiwan may set up hospitals featuring traditional Chinese medicine.
Administrative approval procedures will be handled by provincial-level authorities.
Wednesday’s announcement came after an agreement was signed on July 22 to pilot the first wholly foreign-owned hospital in China in the Shanghai Free Trade Zone.
The Chinese central government has stressed reform in its healthcare sector following public demand for more and better healthcare services. A cabinet statement in May pledged price reforms in public hospitals and that more private hospitals would be established.
China vowed to expand its healthcare service sector so that it is worth 8 trillion yuan (1.3 trillion U.S. dollars) by 2020.
There were about 5,400 private hospitals on China’s mainland in 2008, with that number rising to 10,877 by the end of October 2013, according to official figures. Public hospitals, which provide 90 percent of China’s medical services, totaled 13,440 by the end of October.
August 1, 2014 – Senior Partner David Wood announced the appointment of the ChinaCare Group as principal advisors to a new international hospital project in Shenzhen, China sponsored by a leading pharmaceutical company. The engagement will occur over a 12-month period and involve strategic planning, market research and financial forecasts for this 500-bed project.
Dr David Roye of International Healthcare Leadership, a New York-based organization focused on improving standards of healthcare management in China announced today the appointment of David Wood, Senior Partner of The ChinaCare Group, to IHL’s Advisory Board. Mr Wood had previously served on the board of directors of the organization.
The Pacific Pension Institute has invited David Wood to speak at their Executive Seminar to be held November 3 – 5 in Beijing. The topic for the presentation will be Healthcare and Social Safety Nets: Caring for One Billion People.
The ChinaCare Group’s newest white paper A Primer for Developing a Healthcare Project in China – A Practical Guide is available for immediate download.
November 12, 2012, The ChinaCare Group announced today that it has released its newest white paper, A Primer for Developing a Healthcare Project in China – A Practical Guide. The white paper is available for immediate download on the company’s website under the publications tab.
On April 13, 2012, the Ministry of Health released the draft Measures for the Administration of Sino-Foreign Equity/Cooperative Medical Institutions. These DRAFT measures impact a number of areas involving foreign investment in healthcare in China. The total investment must not be less than RMB 100 million or RMB 50 million for projects in central and western China. The maximum term for JV medical institutions will be 30 years up from 20 years previously. Of particular importance is the restatement of existing policy which limits or restricts non-profit Chinese institutions from establishing for-profit joint-venture institutions. For details, contact David Wood.
On April 5, 2012, David Wood, Senior Partner of the ChinaCare Group, was the subject of an extensive interview with the editor of Asia Healthcare Blog on the subject of investing in Chinese healthcare. The blog is available at here.