Jump to content








Thailand plans international medical tourism complex


webfact

Recommended Posts

iStock-955592902-696x391.jpg

 

By  IMTJ Team

 

The island of Phuket’s administration is waiting for Thailand’s Public Health Ministry to approve a THB343 million (US$11 million) budget, to prepare for the construction of an international medical tourism complex at Vachira Phuket Hospital.

 

The Thai government’s medical tourism board has approved the proposal. A further TBH1.4 billion (US$44 million) will be needed for the construction of the complex and its supporting facilities, and the cost will be covered by a joint investment between the government and the private sector. It is hoped the medical tourism and health services complex will be a part of the province’s tourism appeal.

 

The aim is that the medical tourism complex will initially attract around 50,000 tourists in 2023, with the number projected to double within a year and possibly reach one million in 2026. The complex is expected to generate THB2.5 billion (US$79 million) in its first year after opening, and THB50 billion (US$1.6 billion) in 2026.

 

Full story: https://www.laingbuissonnews.com/imtj/news-imtj/thailand-plans-international-medical-tourism-complex/

 

LB.jpg

-- © Copyright Laing Buisson 2021-04-15
 
Link to comment
Share on other sites


The aim is that the medical tourism complex will initially attract around 50,000 tourists in 2023...

 

I doubt that the complex would be complete any time in 2023 even if they started construction today.

Link to comment
Share on other sites

4 hours ago, RichardColeman said:

As we are only 20 months or so away from that date and Thailand is in the middle of a new covid wave and the is in world a lockdown pandemic AND they have not even built it yet, 2023 seems total nonsense. 

 

Another example of lack of future thinking/planning. No anticipation of where something could lead or how circumstances could change.

 

I see this all the time lecturing Thai masters business students. 'What if a certain circumstance develops', 'what if our marketing plan doesn't work', 'anticipation', 'plan B'. 

 

Reality is that none of the above is mentioned at all in primary or secondary education in Thailand.

 

Many times I've had European exchange students in my classes, mostly from Germany. 

 

I've often asked 'give me an example of a realistic/specific what if'. All the German arms go up instantly and I give them 20 seconds each to share their example. And they give great examples.

 

The Thai students sit there with blank/shocked looks on their faces.

 

I've also had Thai students say 'this is not fair, you didn't teach up any of these examples'. My response is 'I want you to analyse and think and develop answers/examples'.

 

Continued response 'not fair'. 

 

I ask, 'when your working do you think every problem/circumstance in business will be covered in my examples given to you?'  The quick response is YES.

  • Like 1
Link to comment
Share on other sites

5 hours ago, RichardColeman said:

As we are only 20 months or so away from that date and Thailand is in the middle of a new covid wave and the is in world a lockdown pandemic AND they have not even built it yet, 2023 seems total nonsense. 

Even more so when you consider that the Indian Health Sector is taking a huge slice of the Medical Tourist market.

Better service, cheaper prices, and faster and better treatment have been cited by many who have used the services in India.

  • Like 1
Link to comment
Share on other sites

2 hours ago, grandpa said:

Invest the money in resolving the current Covid-19 pandemic!  Just imagine how many vaccines and other medical products this money could buy!

Or food for the poor people.

  • Like 2
Link to comment
Share on other sites

6 hours ago, DrDave said:

The aim is that the medical tourism complex will initially attract around 50,000 tourists in 2023...

 

I doubt that the complex would be complete any time in 2023 even if they started construction today.

Even if they did build it that rapidly, the budget suggests a small scale project, not something that would attract tens of thousands of patients. These guys with their $11M budget for a "medical complex" are going to be competing with places i the west that spend more than that on a single machine.

Link to comment
Share on other sites

6 hours ago, suzannegoh said:

Even if they did build it that rapidly, the budget suggests a small scale project, not something that would attract tens of thousands of patients. These guys with their $11M budget for a "medical complex" are going to be competing with places i the west that spend more than that on a single machine.

To be fair, the $11M is the cost to "prepare for construction" (probably the customary studies, land acquisition and lining the pockets of local influential people). The total budget is projected to be $44M, which I agree doesn't come close to being able to compete with Western medical centers on that scale.

Link to comment
Share on other sites

26 minutes ago, DrDave said:

To be fair, the $11M is the cost to "prepare for construction" (probably the customary studies, land acquisition and lining the pockets of local influential people). The total budget is projected to be $44M, which I agree doesn't come close to being able to compete with Western medical centers on that scale.

It still doesn’t add up.  To put the costs in context, consider that in 2014 Bangkok Hospital budgeted 6 billion baht (US$190M) for an expansion of their facilities.  The expansion involved adding 4 new buildings with a total of 200 beds.  So it doesn’t add up that this $11M investment is going to allow them to “attract around 50,000 tourists in 2023, with the number projected to double within a year and possibly reach one million in 2026”.

 

https://www.nationthailand.com/business/30243514

Edited by suzannegoh
  • Like 1
Link to comment
Share on other sites

13 hours ago, Cake Monster said:

Even more so when you consider that the Indian Health Sector is taking a huge slice of the Medical Tourist market.

Better service, cheaper prices, and faster and better treatment have been cited by many who have used the services in India.

And they speak English. And tasty spicy food too.

Link to comment
Share on other sites

13 hours ago, suzannegoh said:

Even if they did build it that rapidly, the budget suggests a small scale project, not something that would attract tens of thousands of patients. These guys with their $11M budget for a "medical complex" are going to be competing with places i the west that spend more than that on a single machine.

I think you missed this part

"A further TBH1.4 billion (US$44 million) will be needed for the construction of the complex and its supporting facilities, and the cost will be covered by a joint investment between the government and the private sector."

Link to comment
Share on other sites

1 hour ago, ericthai said:

I think you missed this part

"A further TBH1.4 billion (US$44 million) will be needed for the construction of the complex and its supporting facilities, and the cost will be covered by a joint investment between the government and the private sector."

Yes, I missed that.  But how much do you think that it typically costs to build a modern hospital?  One thing that's for sure is that $44M isn't going to put them on the level of the Mayo Clinic.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...