The government of Malaysia has shortlisted nine healthcare facilities under its medical tourism hospital programme in a bid to attract more foreign patients.
There are over 250 private hospitals in Malaysia. However, only healthcare facilities that are well equipped and have the capacity to receive and serve health travellers are approved and registered to be participating healthcare tourism providers in Malaysia.
Malaysia Healthcare Travel Council has 79 partner hospitals and clinics, of which 21 are Elite and 58 are Ordinary members. MHTC Elite partners represent the most prestigious private healthcare institutions in the country. All Elite partners are accredited by international healthcare accreditation agencies.
Ramsay Sime Darby Subang Jaya Medical Centre operated by a joint venture of Malaysian conglomerate Sime Darby and Australia-based Ramsay Health Care, and IHH Healthcare’s Gleneagles Penang are among the nine hospitals shortlisted by the Finance Ministry.
The criteria are qualified Malaysian private hospitals that are establishing themselves as flagship hospitals for health care travel. The Malaysian government will help these hospitals to grow beyond borders. The political message suggests that they will be helped to grow business outside of Malaysia.
The Malaysian government is targeting hospital revenues from medical tourism of RM2.8 billion (US$675 million) by 2020, resulting in a total economic impact of RM10 billion. The revenue growth rate from medical tourism for 2019 and 2020 is expected to grow by 15% annually. Medical tourists are expected to account for 4.5% of total tourists by 2020, generating revenue of US$2.6 billion.
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