An article called on Venture Beat by Camille Rickets gives some insight into what type of companies stand to profit from the now approved 850 Billion Yuan health care reform package.
With 7,400 clinics and 2,000 hospitals in the works, companies that provide medical equipment, service technology and the like are poised to benefit greatly. Eventually, after the 2011 time frame, the plan is to have a health clinic in every village — a massive undertaking, considering there are about 700,000 villages in the country. IBM told VentureWire that China will probably spend upwards of $1.5 billion on software needed to keep track of medical records and generally run operations at all of these facilities.
It will be interesting to see if any foreign companies win some of these contracts.
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