Medical institutes and organizations have been promoting their respective medical services for cancer and blood disease patients in China since last year. (Photo : www.in.reuters.com)
Overseas hospitals are expressing discontent over transfer services provided by Chinese companies in the mainland and are resorting to carrying out their own operations, according to a report by the Want China Times.
In addition, the enticing business opportunities have attracted such entities, especially those from the United States, which are planning to expand their operations more rapidly in China's fast-growing medical market.
Medical institutes and organizations have been promoting their respective medical services for cancer and blood disease patients in China since last year.
Medical services provided by overseas hospitals have also seen an increase in patronage as the number of Chinese patients going to top U.S. hospitals have increased within the past few years, based on incomplete figures by China Business News.
It was announced last July that some projects for the Guangdong Free Trade Zone are ready to commence. Among them is an initiative involving Massachusetts General Hospital (MGH), which is pouring resources to fund the construction of a branch in China.
MGH, which has produced 13 Nobel Prize winners, was founded in 1811 and is the first and largest teaching hospital propagated by Harvard Medical School.
Based on the signed framework agreement, the upcoming MGH branch will be directly financed by an investment company in Zhuhai, a prefecture-level city in Guangdong. Upon completion, it will be jointly managed with the Guangdong Provincial Hospital.
Other institutions that will be making their mark within China include the Mayo Clinic (in conjunction with the Hillhouse Capital Group) and Cedars-Sinai Medical Center.
In explaining the institution's goal, Pan Juming, executive of Cedars-Sinai Medical Center, stated that cooperation with local and foreign-funded hospitals is a top priority in order to share high-end medical treatment resources and expertise.
