Here’s why Raffles Med has no problem securing top medical talent in China
They rely on their group practice model.
Foreign hospitals operators in China are afraid of the “red envelope” practice in the country which makes it difficult to secure medical talents. However, this is not a problem for Raffles Medical Group.
According to analysts from UOB Kay Hian, standard and quality are well managed as RMG’s tried and tested group practice model allows them flexibility in terms of talent management and staff placement.
“Measures such as sending Singapore-based doctors to China or placing Singapore practitioners on medical leadership positions in its newly set-up hospital can ensure high RMG standards remain intact,” the report noted.
As an indication, UOB Kay Hian added that three RMG doctors have recently passed the Chinese Medical Exam and are now qualified to practise in China.
“Looking ahead, RMG has plans to groom local Chinese doctors, such as a fellowship programme where Chinese medical graduates have the opportunity to undergo training in Singapore,” UOB Kay Hian noted.
Meanwhile, Raffles Med is not only thriving overseas, but also at its home market.
“This month, we can look forward to the opening of the third multi-disciplinary medical centre in Raffles Holland Village, where RMG is occupying 9,000sf on level 5. Currently, about 70% of commercial space has been tenanted out and rental is projected at S$12-15psf/month, with units on the ground floor fetching more than S$20psf/month,” UOB Kay Hian said.