Health
From The Report: Philippines 2018
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These are busy times for the Philippine health sector, with the country gearing up for a long-awaited move to universal health care (UHC) and investment in the private sector accelerating. Specialist and high-tech facilities are being developed, generating investor interest and business opportunities in pharmaceuticals and imported medical equipment. However, challenges remain, including the expan¬sion of coverage to economically disadvantaged areas, and the growing prevalence of non-communicable diseases. Budgets and financing are also being re-evaluated, with the aim of stamping out leakage and fraud in subsidies and reimbursements. Despite these obstacles, 2018 looks to be a year of positive growth in the private and public sectors, with the UHC rollout inching closer and a range of changes ahead for all Filipinos. This chapter contains an interview with Hector Thomas Navasero, President and CEO, Philab Industries.

Articles from this Chapter

Overview

Smarter care: Technological advancement and rising public spending are set to support the adoption of a universal health care system
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These are busy times for the Philippine health sector, with the country gearing up for a long-awaited move to universal health care (UHC) and investment in the private sector accelerating. Specialist and high-tech facilities are being developed, generating investor interest and business opportunities in pharmaceuticals and imported medical equipment. However, challenges remain, including the expansion of coverage to underpopulated and economically disadvantaged areas, and the growing prevalence…

Analysis

Going private: The non-state sector continues to drive innovation
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With many hospitals, clinics and pharmacies privately owned, the non-state sector plays a major role in the health sector in the Philippines. Indeed, some 30% of the population uses private services from independent hospitals, offices and clinics with fee-for-service payments. The private sector has expanded in various fields in recent years, from hospitals to stem cell banks. Middle Class Growth Strong economic and population growth, gaps in the public system and the recent opening up…

Interview

Real solutions: Hector Thomas Navasero, President and CEO, Philab Industries, on developing a domestic pharmaceuticals industry and encouraging foreign investment
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Interview:Hector Thomas Navasero In terms of data privacy, how well protected is the industry against cyberattacks on medical devices? HECTOR THOMAS NAVASERO: There is a significant lack of adequate data privacy infrastructure in the Philippines. As a result, many companies keep their databases and cloud storage systems in Singapore. However, most government hospitals do not even have proper electronic medical record platforms, but rather physical files. Thus, there is not enough data to…