We speak to Jonathan Le Henry, senior manager at PwC Strategy, Morocco, about the country’s future as medical hub. Total healthcare spending has risen by 7.7% CAGR for the past four years to $6bn.
Germany is to substitute part of the DRG payment model, which reimburses providers based on activity and risk, by a quality-based system for elective surgery. The new reimbursement system means insurers will be able to reward providers that show evidence of good quality care.
Big pharma is trying and failing to engage with patients and has no idea how to build service models. Previous attempts to create websites that directly engage with consumers have flopped. The appallingly-named “patient-centricity” sessions at the FT Global Pharmaceutical and Biotechnology Conference suggest pharma is still trying in vain.
Just when everyone is rushing into the German nursing home market, new factors are about to drive down EBITDA by more than 5 percentage points. We report.
As reported here last month, American REIT Medical Properties Trust (MPT) and AXA Insurance Companies have bought eight hospitals off the Italian chain, Policlinico di Monza, for €180m. This is a 50/50 deal transacted through AXA IM – Real Assets.
Korian, Europe’s largest nursing home group, has removed its CEO, Yann Coleou, and replaced him with Sophie Boissard, a former civil servant. We look at why.
US-style fee-for-service (FFS) where every single action is charged to the payor has a very bad name. So it is interesting to see that South Korea has developed a FFS model which delivers universal healthcare cover for just 6.9% of GDP (including public and personal payments of all sorts). The Korean model also lets policymakers analyse costs at a microscopic level. The president of the Korea's Health Insurance Review and Assessment service (HIRA), Dr Myongsei Sohn, gave a lecture at the London School of Economics to explain how.
As forecast here, Attendo, the largest Pan-Nordic chain is to IPO on Nasdaq Stockholm, creating a group with a market cap of at least €861m (SEK8bn) at the end of November 2015. Henrik Borelius, CEO of Attendo, told Healthcare Europa that accessing more capital will allow Attendo to strengthen its position in the Nordics. The group aims to become the largest private care home group in Europe by 2025.
A fascinating study from consultants L.E.K. suggests that we will see rapid growth in healthcare tourism from China. Healthcare Nova believes that outbound tourism could transform the prospects for private operators across the region and beyond.
In 2015 there will be more than 100m outbound trips of Chinese from Mainland China, a number that has doubled in just 5 years despite a structural slowdown in GDP growth. This wave of humanity and wealth is transforming the global tourism and aerospace industry for sure, but it is also having some profound effects in other, perhaps less obvious, sectors. Helen Chen and Stephen Sunderland of L.E.K. Consulting in Shanghai analyse the market.
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