Event:
Recently, the general office of the State Council issued the “14th five year plan” for the development of traditional Chinese medicine, formulating the objectives, tasks and key measures for the development of traditional Chinese medicine during the 14th Five Year Plan period. The development goal of the plan is clear. By 2025, the health service capacity of traditional Chinese medicine will be significantly enhanced, the high-quality development policy and system of traditional Chinese medicine will be further improved, the revitalization and development of traditional Chinese medicine will achieve positive results, and its unique advantages in the construction of a healthy China will be brought into full play.
The main development indicators clearly enhance supply and enhance public health emergency response and health rehabilitation capacity. The main development indicators of the 14th five year plan include 15 indicators, including 1 binding indicator and 14 expected indicators. On the basis of retaining the core indicators of the 13th five year plan, 1) add indicators such as the number of beds in public traditional Chinese medicine hospitals per 1000 population and the number of practicing (Assistant) doctors of traditional Chinese medicine per 1000 population, in order to improve the supply of traditional Chinese medicine services; 2) Increase the proportion of fever clinics in three-level public TCM hospitals and integrated traditional Chinese and Western medicine hospitals (excluding TCM specialized hospitals), and the proportion of geriatrics / rehabilitation departments in public TCM hospitals above level II, so as to meet the health needs of different populations; 3) Indicators such as the number of TCM beds in new public general hospitals and the proportion of TCM clinical departments in public general hospitals above grade II should be developed in a coordinated manner with Chinese and Western medicine.
Optimize the price of traditional Chinese medicine medical services and guide the quality and price of traditional Chinese medicine decoction pieces
The medical insurance policy encourages the development of traditional Chinese medicine industry. 1) On the service side, optimize the price policy of traditional Chinese medicine medical services, focus on the items of traditional Chinese medicine medical services in the dynamic adjustment of medical service prices, select and publish the dominant diseases of traditional Chinese medicine, and encourage the implementation of the same disease, the same effect and the same price of traditional Chinese and Western medicine. General TCM diagnosis and treatment projects can continue to be paid according to the project. In addition, the plan also encourages commercial insurance institutions to develop insurance products such as TCM treatment and prevention of diseases. 2) On the product side, the prepared pieces and preparations of traditional Chinese medicine processed and used by medical institutions are priced independently, and those qualified are included in the payment scope of medical insurance according to procedures. Guide the formation of a quality oriented market price mechanism for traditional Chinese medicine decoction pieces.
Total capacity expansion of head and grass-roots TCM medical resources
1) in terms of improving the system of leading traditional Chinese medicine hospitals, build a number of national traditional Chinese medicine centers and national regional medical centers. Focus on bone injury, anorectal, pediatrics, dermatology, gynecology, acupuncture, massage and other specialized diseases, and strengthen the construction of advantageous specialties of traditional Chinese medicine; 2) In terms of improving the service capacity of traditional Chinese medicine at the grass-roots level, strive to set up traditional Chinese medicine centers in all community health service centers and township health centers, and 100% of community health service stations and more than 80% of village clinics can provide traditional Chinese medicine services. Encourage social medical institutions to set up TCM departments.
Policy catalysis and business improvement stimulate upward momentum
The promulgation of the 14th five year plan of traditional Chinese medicine is conducive to establish and improve the evaluation index system and system mechanism suitable for the inheritance, innovation and development of traditional Chinese medicine from the national strategic level. In combination with the guidance of the state medical security administration and the State Administration of traditional Chinese medicine on medical insurance supporting the inheritance, innovation and development of traditional Chinese Medicine issued by the state medical security administration and the State Administration of traditional Chinese medicine in December 2021, the policy side and payment side put forward all-round incentive measures from traditional Chinese medicine institutions, traditional Chinese medicine services and traditional Chinese medicine products, which will have a far-reaching impact on the development of the whole traditional Chinese medicine industry. With the superposition of policy catalysis and fundamentals driving, the traditional Chinese medicine industry has a certain valuation flexibility.
Related enterprises:
Hubei Jumpcan Pharmaceutical Co.Ltd(600566) , Beijing Tongrentang Co.Ltd(600085) , China Resources Sanjiu Medical & Pharmaceutical Co.Ltd(000999) (suggested concern), Shijiazhuang Yiling Pharmaceutical Co.Ltd(002603) (suggested concern), Chongqing Taiji Industry (Group) Co.Ltd(600129) (suggested concern), Henan Lingrui Pharmaceutical Co.Ltd(600285) , Jianmin Pharmaceutical Group Co.Ltd(600976) , GUSHENG Hall (H)
Risk tip: market shock risk, performance is less than expected, and the extension integration of individual companies is less than expected, resulting in epidemic risk
