Six years have passed, but the memory of the awkward profit model of Hangzhou Vanke when it first stepped into silver industry is still around us. “Real-estate investment” and “elderly care services” are on two tips of the balance, so how to balance the profit is an unescapable problem for enterprises.
On July 12th, the Silver industry Research Team of Beijing Guohong Public Governance and Policy Research Institute released its China Silver Industry Development Report Q2 2016 in Beijing. It is pointed out in the report that the Chinese silver industry is breaking through the traditional model of family-supported elderly care and expects to see great opportunities for its development.
A joint venture of French nursing home operator Colisee Group plans to open its first Chinese complex in Guangzhou, Guangdong province, in January next year as a starting point for its ambition to tap the rapidly growing demand for elderly care services in the country.
According to the Ministry of Civil Affairs, elderly care service sector should focus on home-based and community-based elderly services, and the elderly care establishments should mainly take care of disabled or demented elderly people. On July 6th, the Ministry of Civil Affairs published the 13th Five-Year Plan for Development of Civil Administration (“the Plan”) printed and distributed jointly by the Ministry and the National Development and Reform Commission. It is proposed in the Plan that 35-40 beds should be provided for elderly care service for every 1000 elderly people by 2020.
Introduction: The People’s Government of Guangdong Province recently published the Opinions on Implementation of Work to Promote Integration of Medical and Health Services and Elderly Care Services (“the Opinions”), encouraging social forces to set up establishments that combine both medical and elderly care services. All elderly care establishments must provide medical and health services, and implement the policy of expanding the coverage of basic medical securities to cover some medical and rehabilitation programs such as comprehensive limb training for hemiplegic patients, recognition and cognition function rehabilitation training, assessment of daily living abilities, etc.
The 13th Five-Year Plan for Elderly Care Service System in Guangdong Province (“RFC”) was released to the public on 8th August. It is proposed in the RFC that 35 or more beds should be provided to every 1000 elderly persons in all types of elderly care facilities within the province during the 13th Five-Year period. By 2017, more than 50% of the elderly care establishments will set up a mechanism for combining medical and elderly care resources; and, by 2020, all elderly care establishments will have such a mechanism.
