Here is the latest update from the Latin American Correspondents, including KVBPR’s Aileen Katcher, APR. She is traveling to Argentina and Chile on behalf of the Nashville Health Care Council and the Nashville Area Chamber of Commerce’s International Trade Mission to South America.
There’s always a Nashville connection …
As he welcomed the Nashville Area Chamber of Commerce and Nashville Health Care Council International Trade Mission delegates to Argentina at a reception last night, U.S. Embassy Chargé d’Affaires Jeff Brown expressed his strong connection to Nashville. His grandfather, father and brother all went to Vanderbilt and his first cousin is currently playing football for the Commodores. And, more importantly, he applauded the delegates’ interest in doing business in Argentina.
At the Embassy’s welcome reception for the group, the delegates were introduced to a variety of the country’s health care industry leaders and government officials, including several we heard during briefings earlier in the day.
As we found in Chile, many of the country’s health care challenges mirror those of the United States. While Argentines have historically experienced a fluctuating economy, they are currently on an upswing. When trade mission leader Jack Bovender asked about the government’s economic policy, the Embassy’s economic counselor, John Fennerty noted that Argentina is a rich country in terms of natural resources with huge potential to grow the economic base. He explained that there seems to be a strong interest by the government to repay international debts.
Additionally, the Argentines are entering an election year that always brings with it a pattern of heavy spending — some expect a 30 percent jump. But, Fennerty cautioned that, although they anticipate that fueling a potential 8 percent revenue growth, it will also push up the country’s already high inflation rate.
On the health care front, our first day was focused primarily on the public sector. Although the speakers spoke Spanish (we had simultaneous translation service) in many cases they could have been describing the United States: chronic disease, an aging population, IT needs, increasingly complex management practices and a need to reform its public insurance policies.
There is also an apparent lack of recordkeeping and systems. Delegate George Bishop from Waller Lansden Dortch & Davis observed that it is a decentralized federal system that seems fragmented and dysfunctional. “The provinces don’t talk to each other or coordinate care,” he commented.
However, with those challenges come great opportunities for Nashville’s health care expertise. The average age of Argentina’s public hospitals is 70 years — more than twice what is considered a useful life in the U.S. — and much of their equipment is outdated. In both the public and private hospital sectors, a need for experienced management professionals was identified. As in Chile, a shortage of physicians and an even more severe need for nurses and training programs is a great concern.
In a country that identifies professional hospital management, clinical staff training, chronic disease management, new hospital buildings and equipment and health IT among its top needs, the opportunities for the Nashville health care industry could indeed be plentiful.