PYA Releases Part 2 of Q&A on U.S.-China Healthcare Collaboration and Quality Reform

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PYA (Pershing Yoakley & Associates), a national management consulting and accounting firm, has published part 2 of a Q&A with co-founders of the Society of Chinese American Physician Entrepreneurs (SCAPE), Dr. Xiang Qian and Dr. Gang Li, exploring the healthcare delivery system in China and how SCAPE is working to further collaboration between the U.S. and China to effect quality and reform.

PYA recently released the second installment of a 2-part series, “Physicians Bridge Pacific: SCAPE Aims to Effect Quality Reform in China,” featuring Dr. Xiang Qian and Dr. Gang Li, co-founders of the Society of Chinese American Physician Entrepreneurs (S

Part 2 of Q&A on U.S.-China Healthcare Collaboration and Quality Reform

Healthcare is not just about population health, it’s also about quality care for individuals. Everyone wants quality care, especially as the economy grows and advances.

PYA recently released the second installment of a 2-part series, “Physicians Bridge Pacific: SCAPE Aims to Effect Quality Reform in China,” featuring Dr. Xiang Qian and Dr. Gang Li, co-founders of the Society of Chinese American Physician Entrepreneurs (SCAPE). Part 2 delves into the risks related to the transformational change of China’s healthcare system, hesitations around creating a balanced system, and hopes for shaping the future of care in China and internationally.

Over the past several decades, China’s economy has grown to the second largest gross domestic product in the world. In contrast, the country’s healthcare system has seen little growth due to an imbalanced allocation of physician resources, concentrated primarily in major cities, and an aging population that, over the next decade, will almost equal the entire U.S. population. To combat these problems, China will encourage the development of its healthcare system and expects to double its annual expenditures on healthcare in the next five years. Realizing these needs and the enormous opportunity for effecting reform while improving quality, Drs. Qian and Li were among eight physicians who founded SCAPE in 2014 to connect Chinese American physicians, enhance academic medical institution collaboration between the U.S. and China, and promote the evolution of healthcare in China.

According to Dr. Qian, “Healthcare is not just about population health, it’s also about quality care for individuals. Everyone wants quality care, especially as the economy grows and advances. Remember, back in the late 1970s and early 1980s, China opened its market to the outside and to the U.S. because it knew it couldn’t do it alone. Right now, my impression is that the top leaders in China are open to collaboration. The Chinese people are also a proud people. I think that our organization of SCAPE and the Chinese American people can play a significant role. We understand both the American and Chinese culture, and I think they are more amenable to our recommendations.”

With the Chinese government preparing to greatly expand healthcare spending and implement reform, SCAPE aims to leverage opportunities for innovation and collaboration to help with overall reform design and improvements in the quality of care.

PYA’s U.S.-China Business Advisory Services team provides international advisory services for companies that are working to enter or expand business into U.S. or China markets. Our team possesses a unique bi-cultural and bi-lingual background that allows it to effectively manage the political, legal, cultural, regulatory, and economic issues inherent to businesses in both America and China. This familiarity provides the ability to broker effective communication between firms, clients, customers, and companies, as well as government agencies. PYA offers market entry strategy, location studies, investment and holding structuring, tax planning and compliance, mergers and acquisitions (M&A) advisory, and post-deal integration for industries that include healthcare, consumer markets, financial services, government, industrial markets, manufacturing and technology, media and telecommunications, and private equity.

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About PYA

For over three decades, PYA (Pershing Yoakley & Associates, P.C.), a national healthcare consulting and accounting firm, has helped clients navigate and derive value amid complex challenges. PYA’s steadfast commitment to an unwavering client-centric culture has served the firm’s clients well. PYA consistently is ranked among the Top 20 healthcare consulting firms in the U.S. by Modern Healthcare. PYA affiliate companies offer clients world-class data analytics, professional real estate development and advisory resources, comprehensive claims audits for self-insured Fortune 500 companies, wealth management and retirement plan administration, and business transitions consulting.

PYA assists clients in all 50 states from offices in Atlanta, Kansas City, Knoxville, Nashville, and Tampa. For more information, please visit http://www.pyapc.com.

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Michael Levesque
PYA
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