THE
country’s health-care industry is poised for a huge growth in the coming years,
given the increasing number of skilled medical practitioners and the growing
health-care portfolio of the private companies engaged in this business.
“Acquisitions
by major conglomerates of hospitals and health-service providers, as well as
business expansion of current players, all attest to bright prospects in the
sector,” said Jose Victor Emmanuel de Dios, GE Philippines CEO and former
undersecretary of the Department of Energy (DOE).
The
largest private health-care provider in the country, Metro Pacific Hospital
Holdings Inc., has acquired 11 hospitals, with about 3,000 beds across the
country. These include Makati Medical
Center, Cardinal Santos Medical Center, Our Lady of Lourdes Hospital, Asian
Hospital and De los Santos Medical Center in Metro Manila. Some of its
hospitals in the provinces include Davao Doctors Hospital, Riverside Medical
Center in Bacolod, Central Luzon Doctors Hospital in Tarlac and West Metro
Medical Center in Zamboanga.
De Dios
also cited a relatively new entrant into the health-care space known as the
Qualimed Health Network, owned and operated by the Mercado Hospital Group, in
partnership with Ayala Land.
Qualimed
currently has seven operational facilities, with two hospitals and two clinics
scheduled to open this year.
“Business
expansion and opportunities currently unfolding have caused major local and
regional business groups to look more closely and expand their investment plans
in the sector,” de Dios said.
Also, the
country has a sizeable talent pool of medical practitioners. In 2014 de Dios
said the Philippines had over 110,000 medical-course graduates.
“One
competitive advantage the country has in this field is its skilled medical
practitioners. Filipino medical professionals are renowned across the world for
their skills and brand of care,” he said.
In some
instances, where there are restrictions in the exercise of professions and the
granting of work permits in some Asean countries, de Dios said this can enhance
the value of medical professionals not only in the Philippines but also in
countries where the practice of their trade is relatively easier.
“This
could also raise the confidence of medical tourists as they contemplate
destinations in the region that offer value yet quality medical care,” he said.
The
Philippines has already developed an eHealth Strategic Framework and Plan until
2020, which aims to utilize information and communication technologies (ICT) in
the health sector.
This
would facilitate the delivery of health services and manage health systems for
greater efficiency and effectivity.
“One only
has to note the latest in medical technology to appreciate the direction that
health-care providers need to be looking at, as practitioners and patients
alike continue to look for ways to improve health-care services, diagnosis and
treatment,” de Dios said.
One of
the strategic goals of this framework is to establish unified and coherent
health and management information systems, and also to capitalize on ICT to
reach and provide better health services and support the attainment of the UN’s
Sustainable Development Goals.
The
Department of Health (DOH) in Region 4B (Mimaropa), for instance, has launched
the first interactive telemedicine system in the country at the Dr. Damian J.
Reyes Provincial Hospital in Marinduque.
The
system currently provides medical consultations and diagnostics through video
calls.
“In an
archipelago, such as the Philippines, the opportunities for telemedicine are
endless. Even the delivery of simple medicines across inaccessible areas is now
being piloted through the use of drones,” de Dios said.
In other
countries, handheld devices are now being introduced, which allow consumers to
measure temperature, heart rate and oxygen levels. These are even equipped with
cameras that allow examination of the throat and inner ear in order to allow
doctors to perform online examinations.
There are
also new devices being introduced to the market, such as wrist-worn blood
pressure sensors that deliver information to a smartphone.
De Dios
said his company’s thrust to become a leading digital-industrial company has
led to similar innovations in handheld ultrasound equipment, which is currently
being deployed in Africa and Southeast Asia.
Equipped
with Bluetooth capability, Vscan Access, a portable handheld ultrasound device,
allows medical professionals to increasingly reach remote areas in the country.
It can scan pregnant women and wirelessly transmit images of fetuses to doctors
even in faraway hospitals, to help determine whether mothers need to proceed to
a health center or hospital for appropriate care.
De Dios
said with the increasing penetration of smartphones, wireless tools and other
similar technology, primary care and specialist referral services, as well as
remote patient monitoring and patient medical health information are just some
of the services that can be performed and enhanced by telemedicine.
“Philippine
health care has seen increased activity and opportunities in the last few
years. While health-care demand is still driven by traditional factors, such as
ageing populations and consequences of modern urban lifestyles that lead to
increased incidences of disease, there are other factors that are stimulating
exciting growth and innovations,” he said.
For
instance, opportunities abound in the Asean Economic Community in 2015.
Given the
different levels of health-care services in the Asean, increased cross-border
investments and even potential consolidation are to be expected, he said.
“We are
seeing private health-care players in Singapore, Malaysia and Thailand
expanding their reach not only in their respective countries but beyond their
borders as well,” he said.
With
PhilHealth’s mandate to cover 100 percent of the population, demand for
quality, affordable and accessible health care is on the rise. Among other
opportunities, this allows the private health-care sector to collaborate with
public counterparts in providing improved services to Filipinos.
“Still,
as a nation, we are already on the road to improvement. Per capita health-care
spending for the Philippines has actually grown from $78.1 in 2009 to $118.8 in
2012—a growth of more than 50 percent.
Should this
trajectory continue in tandem with economic growth, health-care services will
eventually reach a greater portion of the population than what is currently
being served today,” de Dios said.
Lenie
Lectura
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