New trends and developments in China’s healthcare industry create opportunities for U.S. firms but corruption and other obstacles remain.
China’s healthcare industry has not developed evenly, which has resulted in a significant amount of pressure. Hospitals are classified by grade. Grade III hospitals are the largest and have the most advanced technologies, while Grade I are small and sometimes lack even the basic testing and diagnostic equipment. The quality of doctors between the hospital grades can also vary greatly because the best doctors generally opt to work in Grade III hospitals. Even the city in which hospitals are located can affect the quality of care. Hospitals in the Tier 1 cities usually have both the best facilities and the ability to attract the best talent. More…
