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Kee Chew Lian 033018Q Terence Quek 021765H Ng Wee Hiong 031817G

NANYANG POLYTECHNIC. SCHOOL OF BUSINESS MANAGEMENT. Econ healthcare Limited. Group 3:. Kee Chew Lian 033018Q Terence Quek 021765H Ng Wee Hiong 031817G Kow Li Qiu 032923F Goh Jin Hao 030880K. RECAP.

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Kee Chew Lian 033018Q Terence Quek 021765H Ng Wee Hiong 031817G

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  1. NANYANG POLYTECHNIC SCHOOL OF BUSINESS MANAGEMENT Econ healthcare Limited Group 3: Kee Chew Lian 033018Q Terence Quek 021765H Ng Wee Hiong 031817G Kow Li Qiu 032923F Goh Jin Hao 030880K

  2. RECAP Econ Healthcare limited was founded by Mr Ong Chu Poh and establish in1987 with the mission to provide high quality and customer-focused healthcare services. Econ Healthcare Limited • Residential nursing care services: • Day care services • Respite care services • Physiotherapy services • Western and Traditional Chinese Medicine (“TCM”) treatments • And ancillary services like: • Hospital management services • Nursing care training • Ambulance services • Home care services • Sale and rental of healthcare equipment and accessories

  3. Ageing population a serious problem in Singapore due to low birth rate: increase at a per annum rate of 3.1%, from 7% in 1998 to 19% in 2030 Demand for Nursing Home beds set to increase: 25% to 40% by year 2010 Potential in Region: Rapid ageing population will only increase the demand for healthcare services PRESENT SITUATION

  4. EXPANSION IN MALAYSIA Kuala Lumpur Chinese Maternity Hospital • partnership between Ong and NV Multi Corporation Berhad group managing director Datuk David Kong.  • The centre accommodates only 100 residents to ensure maximum attention and care is given to each patient.   • The centre specializes in short- and long-term rehabilitation and post-hospital treatment, particularly for senior citizens.   • Other services include home care, physiotherapy, occupational therapy, care-giving training and 24-hour ambulance services.  

  5. EXPANSION IN CHINA • Potential place for healthcare service development: • Opening up of China and its entrance to the WTO • Cheaper production of equipment and meeting the need of • Answer to need of professional healthcare services in China to meet up with ageing population • Create a retired village for ageing population in PRC: • PRC have implemented a 1 child policy to solve over-population problems • Ageing population in PRC needs attention to their medical and healthcare services

  6. Problems/Obstacles: • Recent visit of PM Lee to Taiwan caused strains between the ties of Singapore and PRC • Hard to penetrate into China market due to “tight” government policies in PRC • Most parts of China are either rural or sub-urban • Mass in China still believes in Chinese healthcare methods • Solutions /Recommendations: • Rebuild good political relations with PRC (dependent on Singapore government • Increase confidence of the PRC government on the Econ healthcare’s professionalism in the medical industry • Educate the citizens of PRC about the combination of ‘East meets West’ medical treatment

  7. THE END THE END

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