SEA Health Tech Investment Insights

INSEAD The Philippines' healthcare ecosystem is highly fragmented across both public and private health sectors • · . Public Healthcare System Gov't has actively pursued universal health coverage since 2010 but access remains highly inequitable Relatively low quality of care due to limited health facilities relative to growing population, and poor physician adherence to clinical practice Financial risk protection for healthcare remains limited - limited coverage by national social health insurance scheme PhilHealth Fragmented, with more than a thousand autonomous local health systems at provincial, municipal level . Private Healthcare Sector The Philippines' private healthcare sector is extensive & expanding In 2016, the private healthcare sector accounted for 53% of hospital beds in the Philippines (but caters to only about 30% of the population) Private healthcare is widely available in major cities, and generally offers higher quality and faster treatment than public healthcare facilities The Philippines lacks an effective mechanism to regulate the large and fragmented private healthcare sector National Level: Department of Health Develops & enforces national policies, evaluates & delivers tertiary & specialized hospital services Provincial Level: Provincial Departments of Health Tasked with primary & secondary hospital care Municipal Level: Local Health Centres, Stations Tasked with providing primary health care, promotive & preventative health programmes, basic clininal care Sources: WHO Asia Pacific Observatory on Health Systems and Policies - The Philippines Health System Review; Philippines Department of Health 45

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