Malaysia has launched its first Flagship Medical Tourism Hospital Programme, with four finalists chosen from a pool of eight, including the National Heart Institute (IJN), Island Hospital, Mahkota Medical Centre, and Subang Jaya Medical Centre.
In a statement issued yesterday, the Malaysia Healthcare Travel Council (MHTC) stated that the Flagship Medical Tourism Hospital Programme was critical in transforming the healthcare ecosystem in Malaysia and the region.
“Through this programme, the country’s top hospitals are intensifying their commitment and endeavours to raise the bar of excellence in delivering exceptional end-to-end services to their patients, further reinforcing Malaysia’s position as a safe and trusted destination for healthcare,” the statement read.
According to the statement, the finalists were carefully chosen in 2022 after an extensive and rigorous qualifying process that included data analysis and on-site assessments.
In addition, it stated that the finalists had advanced to the program’s next stage, known as the Acceleration Period, which will evaluate their development over the course of a three-year period against industry standards and best practices for medical and service excellence as well as global branding.
“In support of the growth plan during the Acceleration Period 2023-2025, the shortlisted finalists will be granted several incentives. These incentives include fast-track facilitation to support the development milestones, the flexibility of testing concepts with healthcare technology sandbox and more,” it said.
The flagship program, according to Health Minister Dr. Zaliha Mustafa will foster innovation and excellence in medical care, putting Malaysia Healthcare on the map as a reputable and well-known global healthcare brand. This will help the nation’s healthcare system become more resilient.
“To this end, I am pleased to announce the provision of a Special Investment Tax Allowance (ITA) for the Flagship Medical Tourism Hospital Programme finalists, which will enable our shortlisted hospitals with the resources to make qualifying capital expenditures to support their growth plans during the acceleration period from 2023 to 2025.
“This special ITA will include technology investments aimed at driving digital transformation in healthcare, in line with Malaysia’s IR4.0 aspiration,” she added.
The Flagship Medical Tourism Hospital Programme is a collaborative effort between MHTC and global medical accreditation bodies IQVIA and Joint Commission International (JCI).
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