The study notes that EPSs from the contributory scheme remain the largest debtors of hospitals with USD2.9bn, or 40% of total debt. Second is the EPS of the subsidized regime, with 32.5% of the debt, followed by the State (including territorial entities and the Fosyga) with USD742,706mn. The remaining money is owed by companies of prepaid medicine, insurers Soat, magisterio, IPS, companies and individuals.

The ACHC pointed out that in the face of this “critical” situation, the government must guarantee the payment of debts of entities in liquidation such as Saludcoop and Caprecom and those of the newly sold Cafesalud EPS, which represent 67% of non-performing loans, to avoid detriment to the country’s health sector.

According to the Colombian Society of Anesthesiology and Resuscitation (SCARE), perioperative medicine model is based on multidisciplinary and multi-professional care which involves medical specialist’s professionals from different fields of health, patient, and his family. ERAS (Enhanced Recovery After Surgery) programs are leading the way in the care of patients undergoing major surgery, demonstrating to reduce hospitalization time by 30%, and complications by 50%, impacting on quality, security and costs.

The accelerated recovery program “ERAS” has been implemented with strong results at the Reina Sofía Clinic in Bogotá, a pioneer in Colombia.

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Try out Global Health Intelligence’s LatAm hospitals database to find out more about equipment counts and more than 130 other data points about hospitals in Colombia. Enhanced data visualization tools help you drill down to see where your sales team can find opportunities, and you can even connect your CRM system with the database to further enhance your sales capabilities based on 100% verified, rock-solid data to spike your results. For a quick view of what’s happening with Colombian hospitals in key areas, explore our ranking of the best-equipped hospitals in Colombia and in 7 other major LatAm markets.

As per the Colombian Immigration Agency records, the number of international passengers travelling for healthcare services, has grown by 22.9% every year (6,281 tourists in 2012 to 14,339 tourists in 2016).

The cities such as Bogotá, Medellin, Cali, Barranquilla, Cartagena, and Bucaramanga attract the largest number of international patients who are looking for quality care in healthcare services in the fields of ophthalmology, cardiology, dentistry, neurology, and oncology etc.

A report by Procolombia states that healthcare services in the country are approximately 40% cheaper than in the United States. Besides that, the geographical position of the country is an advantage with its access to a whole continent and highly trained human resources, additionally, international organizations such as Joint Commission International have certified five hospitals for their patient care standards. As per the ranking provided by América Economía, Colombia has 22 hospitals that are listed among the best hospitals in Latin America.

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To uncover sales opportunities within the Colombian market for capital equipment, medical devices, PACS, RIS and more, contact Global Health Intelligence to learn more about our hospitals database, which tracks more than 130 data points for more than 15,000 hospitals in  Latin America. You can also see which are the best-equipped hospitals in Colombia with our newly released ranking.

Meanwhile, the market’s value experienced a 13% year-over-year drop, going from $1.1 billion in 2014 to $0.9 billion in 2016, revealing the extent of the economic downturn and the pressure put on importers and distributors to sacrifice margins and lower pricing.

A rising demand for miscellaneous supplies such as gas masks and gas meters were able to keep the market afloat, but no conventional modality experienced legitimate success.

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After evaluating multiple countries including Mexico, Brazil, Costa Rica and Peru, J&J decided on Bogota, Colombia. The company plans to open a service center in the second half of 2017 and is expected to create more than 200 direct jobs including finance and human resource.

J&J believes Colombia has the required human talent due to high educational and professional levels in the local market. Bogota is an important strategic center because of its geographical location and one of the cities with high growth. Colombia’s annual growth is higher than Latin America’s average growth making it very attractive for investors. The country also has stable economic and political environment and relations with other countries.

J&J currently employs more than 1,700 local people and has a manufacturing unit in Cali. The company plans to invest in innovation and growth and seeks return on investment in five years.