On November 8, 2016, the Chinese Ministry of Human Resources and Social Security released the “Internet Plus Human Resources 2020” action plan, specifying that Chinese social security cards will now be capable of payment functions for various services, including medical insurance. Meanwhile, the ministry is working with commercial banks and third-party payment platforms to build […]
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Written by the director of a reimbursement department, at a tier 3 hospital in Beijing. Since 2000, China has become an aging society, and the unmet needs of long-term nursing and medical services have become an urgent social problem for China’s socio-economic growth.
In this article, we will describe the factors and mechanisms that drive the income and buying power of hospitals in China and elaborate where medtech companies are likely to find the most attractive segments.
China’s National Planning Guideline for the Healthcare Service System 2015-2020: Privatization, Increasing bed volumes and Insurance coverage
In 2015, China had a nominal GDP €9.897 bn, with an economic growth rate of 6.9%. 5.7% of its GDP is spent on healthcare, equivalent to a total of €564 m, or €412 per capita. China is the most populated country in the world with one of the strongest GDP growth rates internationally; a fascinating […]
Chinese government treatment is gradually exiting the history stage In accordance with the different Chinese healthcare identity grades, the benefits have been divided into different levels. Scholars have vividly described these levels as “fragmented” in the Chinese healthcare system. The following 4 independent segmentations have been identified: Government treatment (1,7%) Basic medical insurance of employees […]