“Korea is small” Seoul St. Mary’s Hospital pioneer Global market

Stems cell transplantation, recognize severe disease know-how Middle-east princesses were surprised over its skills

Domestic hospitals are starting their full-scale engines for targeting global market. Each hospital actively advertises their know-how in order to set their foothold of advancing global market. Seoul St. Mary’s Hospital is in the center of this trend. Seoul St. Mary’s Hospital (President Seungki Bae) is actively attracting foreign patients by medical services fit into international standard through 2010 JCI (Joint Commission International) certification and 2013 re-certification. Number of foreign patents has increased rapidly from 800 in 2013 to 3000 in 2014 and Seoul St. Mary’s Hospital became one of top medical institutions, which shows the highest attraction. Especially, after successful contract with Health Authority – Abu Dhabi (HAAD), blood dyspepsia patients are visiting Seoul St. Mary’s Hospital to get high standard treatment such as stem cell transplantation. Seoul St. Mary’s Hospital has abundant know-hows about how to cure congenital disease such as tumors, stem cell transplantation and cerebral palsy, which leads footstep of foreign patients. On February of 2014, a crown princess of Abu Dhabi, visited Seoul St. Mary’s Hospital, comforted its hospitalized countrymen and praised hospital personnel for their great efforts. On November of same year, Fahad prince of Saudi Arabia visited the hospital and said’ require many participants of medical national enterprise in the future”.

In addition, Seoul St. Mary’s Hospital is seeking an attraction of foreign patients via contract practice and foreign insurance company and as a result, foreign patients are increasing 30% per year. Saudi Arabia patents are highly increasing due to a conclusion of concordat with Van Braeda insurance company on September, 2011. Expect high climbing attraction of foreign patents via expansion of new market in Middle east area other than U.S and Europe. The first Korean-style medical examination center in Middle east country Seoul St. Mary’s Hospital is consecutively attracting foreign patients and their reputations leads to foreign expansion, which result in many suggestions. One of the best result is to establish Korean-style medical examination center ‘Marina Medical examination center’ in Abu Dhabi, Middle east for the first time domestically on March last year. There was a great interest, when Korean president, Park Geun-hye and other VIPS participated in the opening of Marina medical Examination center. The medical examination center is established by Arab Emirates VPS group and arranged with identical concept with Seoul St. Mary’s Hospital lifelong medical examination center. Roughly 22 domestic members of medical team have dispatched and Seoul St. Mary’s Hospital will undertake consigned management next 5 years. Seoul St. Mary’s Hospital expected to earn total of four thousand million won including 10% profits with incentive next 5 years in medical center operations. Seoul St. Mary’s Hospital and VPS Group has signed a contract to establish 2nd medical examination center in Dubai region, which will boost up advancing into the market. By entering Middle East with domestic medical center, there is a great speculation that actively attracts many severe patients in the country which they cannot be treated well. Establish an exclusive Korean medical clinic in Middle East Marina medical examination center has established an exclusive Korean medical clinic in order to support overseas Koreans’ health. President of Seoul St. Mary’s Hospital, Seungki Bae, said “Current Marina Medical Center proceeded medical examination over Abu Dhabi royal family and several entrepreneurs. By having contracts with many international insurance companies, patients from neighboring countries are using the center. The president said marina medical examination center will leave a huge legacy in global health care market which will help to attract many patients to create national interests.