Memorandum of understanding between GE Healthcare and Vinmec: Towards high-quality health services for public

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The two companies will work together to improve Vietnam’s healthcare standards in all areas, including human resources, medical equipment, science and technology application, and affordability, which would ultimately optimize value for patients.

These are key points claimed by GE Healthcare and Vinmec in the signing ceremony held in December 12th. The partnership will focus on two prime segments: cardiology and oncology.

GE Healthcare, Vimec’s strategic partner since 2015, will provide Vinmec’s hospital system with innovative medical facilities and support clinical research opportunities on current and future equipment. There will be imaging, nuclear medicine, ultrasound systems and anesthesia solutions to help Vinmec promote and optimize healthcare services.

Terri Bresenham, CEO of GE Healthcare in South Asia, Africa and Southeast Asia, said that the business invests $1.2 billion in research and development activities each year. GE Healthcare will continue to offer Vinmec world-class medical equipment, technologies and solutions to drive the best clinical outcomes.

GE Healthcare will also take part in training activities to nurture a new generation of clinicians at Vinmec University of Health Sciences (VUHS). This university is envisioned to set a new standard for medical education in Vietnam in the near future.

Notably, VUHS hospital is planned to have 1,200 beds, international-standard quality services and be available to patients with health insurance. “The value for patients is caculated by quality divided by cost. We will try our best to simplify the process to reduce cost while remaining and upgrading quality, which ultimately optimize that value,” Doctor Bui Duc Phu, deputy director of Vinmec International Hospital, said.

GE Healthcare takes charge of hospital design and planning. Terri Bresenham said that the rule was to ensure effective patient flow, patient and family comfort and the ability to upgrade the whole system at the lowest cost. In addition to that, human resource strategy will be fewer logistics staff and more doctors, Doctor Phu noted.

The construction will begin in 2018 and complete in 2019. It’s the first hospital design partnership between a foreign-owned conglomerate in the medical industry and Vinmec. Following this model, other hospitals in Vinmec system will be redesigned to reach to optimal perfomance, safty and convenience.

According to a Vietnam Pharmaceuticals and Healthcare Report by BMI Research, Vietnamese people’s expenditures on healthcare has posted an estimated seven per cent jump from $15 billion in 2016 to $16 billion in 2017. The rising spending power of local patients, coupled with rapid urbanisation, is stimulating demand for quality healthcare in Vietnam.

Having profound experiences in building medical capacity for developing countries and supporting constructing high-tech hospital with affordable services, Terri Bressenham said: “We have a long history of collaboration with Vinmec and we are proud to continue to be Vinmec’s strategic partner for its future development and specifically with regards to development plans for VUHS. Medical education and capacity building are vitally important to a sustainable healthcare system and will have long-term impact on healthcare access and quality for generations to come”.

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