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MDCE (Medical Care Technologies, Inc.)


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Medical Care Technologies Inc. (MDCE) is a U.S Medical Services and Technology Company with headquarters in Beijing, China.

Currently undergoing a few company changes such as appointing a New COO and New CEO, and a New Market Focus, MDCE has aimed to take a leadership role in the fast growing Healthcare Informatization Industry in China. Through joint ventures or Chinese subsidiaries, the company develops a network of family and children’s health facilities in the larger urban areas throughout China that are geared towards the advancing economic middle-class Chinese families. MDCE’s efforts are to:

  • Enhancing the IT and information capabilities of hospitals by deploying cloud computing based Electronic Health Records eHR systems in China and Hong Kong
  • Facilitate the establishment  and ownership of Integrated Healthcare Clinics
  • Develop and distribution of pharmaceutical and nutraceutical products
  • Improve the sharing of information among hospital and between health regions

In order to further assist the Healthcare Services Industry of China and Hong Kong, MDCE has Reached an Initial Agreement with a leading provider of solutions, software products and IT services throughout China for over 20 years.

 

Symbol: MDCE   [ Current PPS: $0.003   Outstanding Shares: 1.72M   Float: 1.39M   – a/o June 23, 2014 ]

mdce 3 month chart

Website(s): www.MedicareTechInc.com

 

Market

  • According to the Hong Kong Government, Secretary for Food and Health, the proportion of elderly people in the Hong Kong population will rise from the current 1 in 8 to 1 in 4 by 2030.
  • The aging population and the development of what are known as Western diseases, such as type 2 diabetes, cardiovascular diseases, breast cancer, allergies, and mental health problems are positioned to drive medical needs
  • The Hong Kong government predicts that Hong Kong’s total health-care spending will grow from 5.3 % of gross domestic product (GDP) last year to 7.5% in 2020 and to 9.3% of GDP by 2030.
  • The Health Service Industry will amount to RMB 8 trillion by 2020, or around 10% of China’s GDP, making it one of the country’s pillar industries.
  • In 2012, the State Council of China published its 12th Five-Year Plan for developing its healthcare services, which includes establishment of a national unified medical and health information standard system.
  • Up to 2012, hundreds of electronic health record systems and electronic medical systems have been developed, but the systems are still in their infancy, and China is facing a variety of challenges in implementation of the systems.
  • According to the data from China Hospital Association, China’s medical industry spent CNY 18 billion (USD 2.94 billion) on IT in 2012, rising by 23% compared with the previous year; the annual average growth rate was nearly 25% for recent five years.
  • According to the 12th Five-Year Informatization Promotion Arrangements of Ministry of Health, China’s Healthcare Informatization will be comprehensively promoted during 2014 to 2015

 

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