PYA recently released the second installment of a 2-part series, “Physicians Bridge Pacific: SCAPE Aims to Effect Quality Reform in China,” featuring Dr. Xiang Qian and Dr. Gang Li, co-founders of the Society of Chinese American Physician Entrepreneurs (SCAPE). Part 2 delves into the risks related to the transformational change of China’s healthcare system, hesitations around creating a balanced system, and hopes for shaping the future of care in China and internationally.

Over the past several decades, China’s economy has grown to the second largest gross domestic product in the world. In contrast, the country’s healthcare system has seen little growth due to an imbalanced allocation of physician resources, concentrated primarily in major cities, and an aging population that, over the next decade, will almost equal the entire U.S. population. To combat these problems, China will encourage the development of its healthcare system and expects to double its annual expenditures on healthcare in the next five years. Realizing these needs and the enormous opportunity for effecting reform while improving quality, Drs. Qian and Li were among eight physicians who founded SCAPE in 2014 to connect Chinese American physicians, enhance academic medical institution collaboration between the U.S. and China, and promote the evolution of healthcare in China.

According to Dr. Qian, “Healthcare is not just about population health, it’s also about quality care for individuals. Everyone wants quality care, especially as the economy grows and advances. Remember, back in the late 1970s and early 1980s, China opened its market to the outside and to the U.S. because it knew it couldn’t do it alone. Right now, my impression is that the top leaders in China are open to collaboration. The Chinese people are also a proud people. I think that our organization of SCAPE and the Chinese American people can play a significant role. We understand both the American and Chinese culture, and I think they are more amenable to our recommendations.”

With the Chinese government preparing to greatly expand healthcare spending and implement reform, SCAPE aims to leverage opportunities for innovation and collaboration to help with overall reform design and improvements in the quality of care.

PYA’s U.S.-China Business Advisory Services team provides international advisory services for companies that are working to enter or expand business into U.S. or China markets. Our team possesses a unique bi-cultural and bi-lingual background that allows it to effectively manage the political, legal, cultural, regulatory, and economic issues inherent to businesses in both America and China. This familiarity provides the ability to broker effective communication between firms, clients, customers, and companies, as well as government agencies. PYA offers market entry strategy, location studies, investment and holding structuring, tax planning and compliance, mergers and acquisitions (M&A) advisory, and post-deal integration for industries that include healthcare, consumer markets, financial services, government, industrial markets, manufacturing and technology, media and telecommunications, and private equity.

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