Financial intelligence for Asia's healthcare markets
Remember me:

Analysis: How to think beyond technology

In Vietnam, population and GDP growth have encouraged the country to think beyond technology in providing more health for more people.

Since the 1990ʼs Vietnamʼs GDP growth has been among the fastest in the world, a steady increase over the last twenty years. More than 40 million people have escaped poverty, and nearly 99% of the population uses electricity as a main source of light, compared to 14% just twenty years ago, making it a prime example for studying what happens when there is an increased demand on a country’s health system.

According to the World Health Organization, more than 73% of all deaths in Vietnam are caused by non-communicable diseases – cardiovascular disease, diabetes, cancers and chronic respiratory diseases. More than a third of those deaths are caused by heart disease alone.

Now one major healthcare operator in the country has ambitious plans to address these challenges and drastically improve the access and standards of quality for Vietnamʼs healthcare system. Vinmec, which currently operates seven hospitals in Vietnam, is on the cusp of an expansion plan to open another three more hospitals by 2020, including a teaching hospital. With a recently announced partnership with GE Healthcare, Vinmec is striving to realise a new standard of healthcare in Vietnam tied to international best practices.

In this new partnership, GE Healthcare will provide Vinmec with innovative medical equipment for imaging, nuclear medicine, ultrasound systems and anaesthesia solutions and support Vinmecʼs capacity building programs for cardiology and oncology – creating a solid foundation for Vinmec to lead best practices in Vietnam in these key areas. Together, the partners will optimise hospital infrastructure at Vinmecʼs new teaching hospital, which has its sights set on becoming the standard for medical education in Vietnam.

“Vietnam is faced with both traditional diseases for under-developed societies like communicable or tropical health and the rapid increase of non-communicable disease patterns of populations similar to developed countries,” said Le Thuy Anh, managing director of Vinmec, one of the countryʼs largest private healthcare providers. “Pollution and rapid urbanisation have added onto the current challenges of healthcare. Existing public infrastructure has become overburdened in years, and crowding of medical facilities in concert with outdated medical equipment and a lack of qualified medical staff has prolonged treatment times – further complicating the availability of quality treatment.”

Vinmecʼs teaching hospital – Vinmec University of Health Sciences (VUHS) – aims to chart a sustainable future for Vietnamʼs healthcare sector. “We want to set the standard in Vietnam to last the next 20 years so that everything about our hospital from design, to technology, to clinicians are relevant to Vietnamʼs healthcare needs for the long term,” said Thuy Anh. “The teaching facility will build a pipeline of quality healthcare professionals and Vinmec envisions driving a mindset change where international standards are the norm regardless of where these professionals work in Vietnam.”

Through this strategic partnership, GE Healthcare will examine the hospitalʼs design plans and share best practices from global customers around the world, as Vinmec works to develop VUHS at the highest standards of healthcare.

“Hospitals are not hotels, they are highly technical, designed buildings that live and breathe. Today’s challenge is to design and build a hospital that fits today’s needs but can grow to sustain the healthcare needs of its community for the future,” said CJ DeAngelo, GE Healthcareʼs senior hospital technology planner who has been involved in healthcare for 33 years, planning and evaluating hospital designs for emerging markets globally.

Planning and building a hospital takes considerable foresight. It goes beyond a building that is aesthetically pleasing and architecturally sound, and its design must consider other elements such as the people that move within those walls and the equipment that sits in it. In DeAngeloʼs work with customers like Vinmec, he works closely with them to review their hospital design plans and ensure their healthcare vision comes through in the hospital’s blueprints.

Consideration for the placement of rooms will help optimise workflow at the hospital, minimise patient transport and ensure immediate medical attention can be provided to emergency cases. In the nuclear medicine and oncology departments, where radioactive materials are handled, sufficient facilities and safety measures will allow hospitals to achieve international radiation safety norms. Intensive care units should not only include the needed critical care technology, but also provide a comfortable healing process for patients. These design aspects ensure efficiency, economical scalability and empathy for patients.

This piece first appeared in GE Healthcare’s The Pulse.

Posted on: 16/04/2018 UTC+08:00


SGX-listed Acromec, which designs and builds medical and sterile cleanrooms, has secured another contract in the healthcare sector valued at S$2.9 million (US$2.1 million). It is expected to be completed by the end of the year.
Sydney-based 1st Group, the Australian digital health, media and technology group, has appointed Richard Rogers as chief financial officer. He joins from Lenovo Australia & New Zealand.
Asia-focused market expansion services provider DKSH is to sell its healthcare business in China to Warburg Pincus for SFr100 million (US$100.7 million).
Summerset Group, New Zealand’s third-largest listed retirement village operator, has said that it expects underlying half year profits to jump between 21% and 26% to NZ$43 million (US$29.4 million) and NZ$45 million.
Patient flow management firm Jayex Healthcare has signed a binding licence agreement with medical cannabis company MediCann NZ under which it will be granted the exclusive use and application of its technologies in New Zealand in connection with their proposed sale and distribution of medical cannabis products in line with the expected deregulation in New Zealand of medical cannabis.
IDS Medical Systems Group, a leading medical supply-chain solutions company in Asia, and Tencent-backed We Doctor have formed idsMED WeDoctor China, the country’s first smart medical supply chain solutions and procurement company.
Australian medtech company Resonance Health has signed an alliance partner agreement with Blackford Analysis which grants it rights to integrate and combine Resonance Health products with, or sell and license Resonance Health products in connection with the host application.
Malaysian medical services company Adventa has scrapped plans to raise M$80.2 million (US$20.3 million) after Top Glove Corporation, the world’s largest rubber glove manufacturer, announced legal proceedings against its parent Adventa Capital and two of its directors.


Ping An Healthcare and Technology, formerly known as Good Doctor, has signed contracts with nearly 200 large corporations, including Vanke, Greentown, Bank of China, China Telecom, China National Nuclear Power, Evergrande Group and provides services to nearly 1.5 million employees, covering 27 provinces, autonomous regions and municipalities.
Earlier this week, Cigna Corporation released the results of its 2018 Cigna 360° Well-Being Survey – Future Assured. The findings, which were tracked over a four year period, show rising awareness of the need to prepare for old age, which includes being continually active and financially independent. As a result, people are working harder today, and increasingly calling on employers to help in managing workplace stress.
Auckland-based ehealth software company Orion Health is to sell off two significant parts of its business to private equity technology investor Hg for NZ$225 million (US$150.7 million). The sale could revitalise a company that has struggled recently.
Aon’s inaugural Asia Healthcare Trends Report 2017/18 shows that although Hong Kong has a lower medical inflation rate than the average in APAC, it is the highest in Greater China.
Out of date and unsecure fax machines are still being used to share patient information between healthcare providers in Australia. Not only do fax machines cause frustration for healthcare providers trying to communicate with each other, they can also cause patient harm.
Health and well-being programmes are fragmented and do not meet the needs of stressed Asia workforces, finds Willis Towers Watson. By and large, employers in Asia still miss the mark when it comes to their health and well-being benefits, with many employees feeling that their needs are not met, according to research from the global advisory, broking and solutions company.
According to a survey of biopharma companies by L.E.K. Consulting, the majority of firms from Western Europe or the US are interested in China, specifically those at Phase 2 or later development.
Sara Jost, global healthcare industry lead at BlackBerry, explains that putting the systems and procedures in place to deliver a healthy and secure digital healthcare system will protect patient health information and support medical innovation.
my images


HealthInvestor Asia twitter feed