RP poised as Asia's newest health and wellness hub
MANILA – The Philippines is being geared as Asia's newest health and wellness hub through the recently-launched Philippine Medical Tourism Program (PMTP).
"The Philippines offers several competitive advantages over our Asian neighbors in the areas of human resources, economics and tourism. Most if not all of our physicians have clinical postgraduate training or experience in the US or Europe," said Health Secretary Francisco Duque during the launching of the PMTP at the Manila Diamond Hotel.
He cited that aside from its dedication to their professions, Filipinos are known as very compassionate, hospitable and caring.
Among the services offered by the programs are: medical, surgical, and dental care, health and wellness (spa services), traditional and alternative healthcare, long term tourism, international retirement health zones (irhz) and international medical zones (imz).
"The price differential is 30 to 50 percent in favor of the Philippines. For instance, Coronary Artery Bypass (CABG) costs US$ 50,000 in the US.. in the Philippines, with the same clinical expertise, state-of-the-art facilities, complication rate, and success rate, it costs only US$ 25,000," he said.
Health tourism had been a sunshine industry in most parts of Asia. The country aims match or even surpass neighboring countries such as Malaysia, Thailand and India, all of which posted US$ 1-billion in revenues from patients flocking in for treatment.
Globally, healthcare is said to be the largest industry earning revenues estimated at US$ 2.8 trillion annually.
"We believe that the Philippines can tap into the remaining huge market potential and generate this kind of amount once we take off in the next five years and thereon push ahead," he said.
The PMTP is a multi-sectoral intiative which aims to attract international patients to the country for medical care, as well as sight seeing tours, vacation, and shopping packages.
He cited that the country also boasts of its competitive local healthcare industry, favorable foreign currency exchange and the significantly lower prices that medical practitioners offer in its medical and surgical services.
"Moreover, the country boasts of exotic locales be it eco, heritage, bio, or aqua-tourism. Leveraging these strengths will be crucial to further growth and development," he added.
He also expressed hopes that the program would be an attractive strategy to reverse the current outward migration of our professionals, prompt new doctors to stay and lure back our health workers who had international training.
"We envision medical tourism to be an effective strategy to mobilize and strengthen our human resources for health. We aim to convince them to serve the country while raising their salaries that are at par with international standards," he said.
Departments involved in the program are the DoH, Department of Tourism, Department of Trade and Industry, and the Department of Foreign Affairs and firms from the medical industry.
Accredited hospitals are the Philippine Centers for Specialized Healthcare (PCSH) composed of the Philippine Heart Center, the National Kidney and Transplant Institute, the Lung Center of the Philippines, the Philippine Children’s Medical Center, and East Avenue Medical Center, and several private medical centers, clinics, and surgical centers are also included. Duque bared that the next phase of the PMTP is to bring the program in the regional level.