Abstract

The Chinese University of Hong Kong Medical Centre (CUHKMC) was unique in many ways. It was a private hospital, but followed a non-profit business model; it was owned by a local university, The Chinese University of Hong Kong, and so had the distinction of being a teaching and research hospital. While there were many aspects to CUHKMC, it was established, in part, to serve as a bridge between the private and public healthcare sectors and to contribute to the long-term provision of universal, quality, and affordable healthcare in Hong Kong.

Dr. FUNG Hong is the Executive Director of the CUHKMC and has been given the challenging task of bridging that gap by relieving the burden on the public health care sector, which served about 90% of the Hong Kong population. To address the challenge, Dr. Fung had to devise a context-specific strategy to attain CUHKMC’s mission and implement the right tactics in executing the strategy

Learning Objectives

Primary learning objectives Students will be able to:

1. Comprehend the challenges in delivering universal healthcare globally.

2. Describe the key differences between private and public healthcare services.

3. Elaborate on the pros and cons of value-based package pricing and fee-for-service in the healthcare sector.

4. Outline the challenges faced by healthcare facilities in delivering social and economic value to the communities in which they operate by ensuring the financial sustainability of the healthcare services, while managing high fixed costs.

5. Analyze the challenges faced by social enterprises, including positioning in the market and structuring the pricing of its products or services when competing against for-profit and/or non-profit players in the market.

Secondary learning objectives

1. Gain practical insights into the healthcare sector in Hong Kong.

2. Identify some of the industries within the healthcare sector.