Balancing Cost & Quality
The CEO Magazine Asia|January 2019

Andres ‘Andi’ Licaros Jr, President And CEO Of Asian Hospital And Medical Center, Believes Quality Health Care And Affordable Health Care Need Not Be Two Separate Concepts.

Oliver Featherston
Balancing Cost & Quality

Health care in the Philippines is known for employing well-trained, highly competent staff, ensuring patients receive the best care possible. But Andres ‘Andi’ Licaros Jr, President and CEO of the private Asian Hospital and Medical Center (AHMC), believes the system is not yet perfect. He estimates that some 90 per cent of patients incur out-of-pocket medical costs and, for poorer patients, it can get to the point where they can no longer afford their previous quality of life.

“These patients are having to travel for miles,” says Andi. “They’re in pain, they’re in fear, they’re in doubt. They’re not certain if what is wrong with them can be fixed. Paramount to all of this is they’re afraid of the cost because they know that coming to the hospital and staying there is going to cost money.

“But we want to have transparency, and for every patient and family that comes to us to feel we are committed to getting them well. At the same time, we need to explain to them what their options are, and give them an idea of how much it would cost.”

This story is from the January 2019 edition of The CEO Magazine Asia.

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This story is from the January 2019 edition of The CEO Magazine Asia.

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