Growth Niche Growth Area Medical Tourism Industries

Posted on 27 November 2008 in Uncategorized by admin

It is said that in 2007 the travel industry had general overall revenue growth of 7 %. Whether than can be sustained with current economic conditions and the financial meltdowns is a question yet to be answered? On the one hand travel costs, out of pocket funds are reduced as well as the cost of fuel being a great determinant in the rise of air travel as well as general travel and even food costs play major determinant factors. Yet on the other hand tourists who may have traveled further field may stay closer to home.

Another area of growth is in the medical tourism area. While some areas of internet related medical care – such as the sale of pharmaceuticals into the us from Canada has been reduced due to currency fluctuations of the us dollar have seen their growth and even business severely reduced if not hampered – medical tourism in the form of medical care away from the home country continues its unabated growth.

Some additional areas of growth within the medical tourism industries are for care of the elderly. This concept is being tried with European patients – elderly patients mainly in Turkey.

Elderly patients often consume a disproportionate share of medical and pharmaceutical budgets of any health care provider. It seems that with the elderly chronic care of a number of illnesses becomes a concurrent factor and issue. It is often said that in general medical care as a medical tourist consumer are 1/3 of costs in the home industrial country when all factors and costs are summed up. On top of that there are often delays and quest in tests and test results. If the number of tests and procedures can be done in one extended session both costs and costs due to delay and progression of disease states can be afforded. On top of that more speedy treatment may mean less major, less aggressive and costly as well as less heroic procedures need to be done overall.

Fibromyalgia | Health Tourism News | Medical Tourism News - John on Indian Government acknowledges growth of Medical Tourism · Paul Kesley on Destination Thailand: Of sea, surf and surgeons… Shiana Agarwal on Indian Government acknowledges growth of Medical Tourism · Daniel on Medical tourism …

Scientific Talent Moves to and Flows from New Hubs for Health … - New R&D hubs are emerging in India, Brazil, Korea and Indonesia, while medical “centers of excellence” in the Gulf States, India and Singapore are affiliating with U.S. providers to support the growth of medical tourism. …

PlanetHospital establishes Middle East office to promote medical … - ‘The Gulf is where the next growth of medical tourism will come from’ said Mohammed Alarifi, the managing director for the new operation. ‘It is not only a destination from where patients seek medical care abroad but is also becoming a …

Medical Tourism in India - Save Money and Get a Free Holiday … - The Growth of Medical Tourism in India. India’s healthcare industry is already growing at 30 per cent annually. The area has shown such growth potential that Indian finance minister Jaswant Singh, called recently for India to become a …

Cataract Laser Surgery | Cataract Laser Surgery in India? Yes … - Today, with the growth of medical tourism, patients can not only get world class treatment for cataract removal, but they can also make large cost savings that.

In our series on Medical Tourism and Healthcare in Costa Rica - Quality! The thirds reason and the biggest driver in the growth of Medical Tourism as an industry is Quality! As discussed previously, Affordability & Accessibility… Read more at; http://www.thecostaricanews.com/health-costa-rica.html.

Medical tourism growth in Asia region: Is it a win- win situation? - Partnerships and franchising are also possible, between destination clinics and western organizations, adding to the growth of medical tourism in Asia and maybe attracting the government’s support through legislation and funding. …

Falling Indian Rupee: Double bargain in Cosmetic Surgery Medical … - Various factors like high costs and long waiting lists at home, new technology and skills in destination countries, reduced transport costs and Internet marketing have played major role in growth of medical tourism. …

American Patients See Mexico as a Better Health Care Alternative … - The growth of medical tourism in Mexico and how the country will mature in terms of health care will determine the future of most American patients. According to Peter Maddox, Christus Health senior vice president for business, …

Part III in our series on Medical Tourism and Healthcare in Costa Rica - The thirds reason and the biggest driver in the growth of Medical Tourism as an industry is Quality! As discussed previously, Affordability & Accessibility are the reasons why demand for Medical Travel has grown rapidly, but the boom in …

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Turkey as a Medical Tourism Center

Posted on 27 November 2008 in Uncategorized by admin

Turkey as a Medical Tourism Center

Turkey can be said to be an expanding and growing center for medical tourism due to its geography placement and technological support systems.

Turkey is uniquely placed both in proximity and geographic placement alongside or at the peripheries of either Europe or the Middle East. It is in the crossroads so to speak.

Currently Turkey receives gross payments and revenue in the range of $ 400 million in the medical and health tourism sectors. There is a lot of potential for growth since the size of the medical tourist industry is said to be in the range of 130 billion dollars.

The scope of medical tourism that a country can serve is broad and deep – it is not only in simple procedures such as dental care or more extreme specialized procedures, which used to be the domain of teaching hospitals in the industrialized countries such as cardiac bypass surgeries, hip and knee orthopedic surgeries and even cardiac, kidney and even lung transplant surgeries but even more run of the mill surgeries such as eye and dental exams and cosmetic and plastic surgeries.

Costs are one factor. The estimate is that whereas eye surgery in terms of laser surgery for both eyes runs in the ranges of 3,000 – 5,000 Euros – this can be afforded in a competent Turkish medical center for $ 1500 Euros even when travel and transportation as well as hotel and routine hospitality industry costs are included.

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Medical Travel to the Dead Sea

Posted on 30 September 2008 in Uncategorized by admin

It is not only a matter of cost or jumping the “que”  that can often be a determinant positive factor in medical tourism .  Often as well it can be specific or unique medical treatment or treatments that may play the most important determining factor alone.  Take for example the unique healing qualities of dead sea “mud”.

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For millennium the dead see mud was known to have health benefits.  This earth from the dead sea can has the highest concentration of salt and minerals known in the world.  The dead sea area is the lowest part of the world.  Being so low it is downright hot.  Moisture evaporates out of the water of the dead sea.  There is no outlet for the water to drain to.  Its one giant sink hole.  The high salinity ( of the extreme) will osmotically draw the toxins out of patient’s bodies.  People with skin diseases such as psoriasis have been known to greatly benefit from the dead sea spa treatments and flock to this area.  The testaments of psoriasis sufferers who have travelled to the dead sea attest to this.   In addition to this patients with respiratory problems such as  asthma and cystic fibrosis seem to benefit from treatment with dead sea water and mud as well

Dead Sea bottled • Eczema Treatment and Care - Each year thousands of psoriasis sufferers flock to the Dead Sea in Israel to bathe in the sea and have their Psoriasis relieved by the miracles of this highly salt concentrated body of enriched water.

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Help a Pensioner » Blog Archive The Natural Benefits of Dead Sea … - Psoriasis is a very painful and sometimes embarrassing problem because the skin can become red and flaky. It is often hereditary and caused by stress. Being a natural product dead sea psoriasis cream does not contain any harmful …

Fall Skin Care Alert: Prepare Now for Drier Weather - In fact, probably the best (and ironically, historically oldest) psoriasis treatment is visiting the Dead Sea region, where the combination of soaking in mineral-rich waters and long-term exposure to low UV light (the Dead Sea is at …

New Dead Sea Mud Mask - *Gently removes dead skin cells to reveal more youthful, healthier skin *Improves blood circulation and natural skin generation. *Cleanses skin and removes dirt particles and impurities *Helps relieve psoriasis, eczema, and improves …

Dead Sea Salt Soap Bar week 3 - Arndt (2) studied the effect of Dead Sea salt baths on psoriasis. Fifty patients were treated for 3 - 4 weeks, with 3 - 4 baths per week. In as little as 1 week, many patients treated with a 10% salt concentration in their baths …

Dead Sea Beauty Products Works As A Magical Cure For All Skin … - Dead Sea products consists of 21 natural essential minerals that relax your muscles, smoothes your skin and relieves the skin problems like Psoriasis, Eczema and Acne. It infuses the essential minerals which are vital for the skin’s …

Taking Care Of Your Skin With The Best Of Dead Sea Products! - Dead Sea salts have been scientifically proven to control skin conditions like Psoriasis, Eczema as well as several other skin diseases which have no treatment. You can see the advantages are many, but not all of us can go hop, …

Jordan Days 3 and 4; Dead Sea - There are numerous benefits from soaking in the water and many people come to the dead sea for weeks at a time to provide treatment for psoriasis, arthritis, rheumatism, dermatitis and eczema. - The low altitude enriches the air with …

Dead Sea Salt Bars - Galenus said the water was good for arthritis, psoriasis, eczema, relaxation and relieving tension. King Solomon, in the Biblical book of Samuel gave the Queen of Sheba with Dead Sea salts upon her visit to the Holy Land. …

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Posted on 30 September 2008 in Uncategorized by admin


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Local Health Care Insurance Utilization of Medical Tourism

Posted on 19 September 2008 in Uncategorized by admin

What is interesting to note is that even the medical insurance industry has now stepped into the act of evaluation , promotion and use of medical tourism both as a cost saving and queue shortening procedure..
Some will say that the basic tactic and reputation of insurance companies is to gladly accept insurance premiums while trying to shirk or avoid payouts.  While this is not true, it is true that as if with any business profitability is key.   Thus any cost savings or reductions are highly powered for any insurance provider or company due to its very powerful effect on the bottom line.  Any cost savings are money earned for the firm.  The one major concern to medical insurance providers who utilize medical tourism in an effort to save costs is prevention of any additional costs - whether it is for additional therapy when the patient returns home and has problems, or even of lawsuits.  For patients themselves it can be a nightmare.  The foreign medical care may be protected first by actual geographic and cost logistics, their legal and / or medical system and the costs of conducting legal actions in the far away foreign country.  As a result the first actions of unhappy or ill treated medical tourists who have been sent for far away medical care by their health care insurance company is to seek redress from their insurance provider.
As a result health care insurance companies have shied away from using medical tourism and medical tourist facilities - at least until the cost structure more than justified it.

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Medical Tourism Stats on the Increase

Posted on 19 September 2008 in Uncategorized by admin

Medical tourism is a topical subject.  It depends on which side of the fence you are on - patient , patient with or without adequate funds , on what side of the “patient que”  you are on , or is there at queue at all.  People travel to foreign countries for products or services all the time .  Whether it is someone seeking jewelery or even a salami that is not available “at home”  or a Canadian on their way to purchase a Canadian NAFTA Canadian made Toyota only to discover that when the costs are all counted they are ahead of the game financially and even had a sort of holiday or vacation to boot.  It may be true that the lovely people at the border may make your like difficult, even if you are well prepared - but at the end of the day you have your car and your savings and that’s  that.

Medial tourism is no different.  Patients travel to foreign countries in order to receive medical care or medical care , or pharmaceuticals  that are not available at home , at a price they can afford , the wait time is too long , or perhaps they wish to have their medical services , and their recovery period away from prying eyes - often in the case of cosmetic surgeries.

In fact , the numbers bear up the increased popularity of “medical tourism”.  Recently Deloite - the international respected consulting firm came up with the conclusions that during the fiscal year of 2007 an estimated 750,000 Americans travelled abroad for medical care.  In fact the prevailing estimate that by the year of 2010  the number of American medical tourists may swell to 6 million patients.

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Medical Treatment Costs - A Relative View

Posted on 14 September 2008 in Uncategorized by admin

 

                    To many overseas , or even in Canada , the concept of not being provided with medical care - uninsured or not insured , or not being able to afford medical care may sound unlikely or even preposterous.   Yet it is the sad fact for many in the United States.  On top of that health care costs themselves in the U.S. compared to other places are relatively much higher.   This is said to be the result of many causes - not one in themeselves.    It costs money to run a business - especially in the states.  Doctors not only have to be paid relatively large pay scales compared to the U.K., Europe and Canada and yet their costs are not small .   Doctors have to pay substantial costs for health care insurance due to the plague or almost an industry of lawsuits against them.  It is said that having 2 lawyers in a town increases the total costs of legal services and  total services used immensely .  Imagine a whole industry based on seeking lawsuits against medical practitioners.  Its defensive medical system at its finest.  On top of that add other costs - costs of modern equipment , running a hospital often with unionized staff .  On more point is the cost of administration - both in the medical insurance plans and companies for administration and non payment and collection of bills to doctors.

                    What is interesting is that even though patients and health care consumers in other countries with socialized or public health care believe all in all that their healthcare is “free”  even though they may be subsidizing it greatly with tax dollars either specifically collected for that purpose or from general tax accounts - from say gasoline taxes or income taxes.

                  Even though these citizens may be astounded that someone in America will gladly pay for medical treatment in their countries the actual consumer may see it as a tremendous bargain and value when all costs are counted up.   Its similar to a Canadian citizen making a special trip to farwaway Texas or Florida to purchase a automobile to bring it back to Canada.  Even though the car may be manufactured in Canada under free trade Nafta rules when it is all said and done they may be greatly ahead in the bargain - even when including travel as well as other costs.  To boot they even get a sort of vacation away from home during the cold Canadian winter.   The Canadian car industry may not like it , however you cannot  “have your cake and it too”.  If these local north american industries wish to benefit from the economies of scale that a free larger market provides for , they cannot pick and choose what rules and procedures they wish to follow and which they don’t.  The only people in the equation who may be perplexed may well be the customs officers at the Canadian border who when finding that even when the rules are followed , they cannot stop the process.  It is all perfectly legal and proper.  If the customs agent was not suave enough to use those same rules - and even contacts to obtain a similar bargain that is their issue and not one of the thorough and determined modern consumer.

<p><a href=’http://www.pressreleasepoint.com/nip-and-tuck-solutions-take-price-medical-tourism-down-under’>Nip and Tuck Solutions take the price of Medical Tourism Down …</a> - This is the age of affordable international travel and with it has come the rise of medical tourism and healthcare. Nip and Tuck Solutions Australia has seen a dramatic increase in demand for Medical tourism services for Australian …</p>
<p><a href=’http://www.groundreport.com/article.php?articleID=2872902&offset=2′>GroundReport | Malaysia | Medical Tourism an extra advantage to …</a> - As healthcare becomes increasingly expensive, savvy patients are now looking to Medical Tourism as a cost-effective alternative to receiving medical treatment and Malaysia stands out to be the best option available. …</p>
<p><a href=’http://malaysiahotelnews.blogspot.com/2008/11/medical-tourism-feeling-slight-pain.html’>Malaysia Hotel News: Medical tourism feeling slight pain from turmoil</a> - Mahkota Medical Centre Sdn Bhd chief executive officer Francis Lim was of the view that Malacca could gain from the slowdown. “We may benefit as we still have price advantage over Singapore … unless Singapore adjusts their prices …</p>
<p><a href=’http://www.buzzle.com/articles/the-danger-of-medical-tourism.html’>The Danger of Medical Tourism!</a> - What can appear to be an attractive and relatively cheap prospect for those considering some form of plastic surgery, can often turn into an expensive nightmare. The perils of medical tourism. The Danger of Medical Tourism!.</p>
<p><a href=’http://medicalnewstodayblog.blogspot.com/2008/11/wellpoint-pilot-program-will-provide.html’>Medical News Today: WellPoint Pilot Program Will Provide Coverage …</a> - “It allows the customers to have choice,” Hashmi said, adding, “Certainly the cost difference is striking enough for some procedures.” According to the Star, the proliferation of medical tourism programs like WellPoint’s could “create …</p>
<p><a href=’http://indolac.wordpress.com/2008/11/25/medical-tourism-to-india-all-expenses-paid/’>Medical Tourism to India, All Expenses Paid</a> - In January, Serigraph Inc., a West Bend, Wis., manufacturer, will become the first US company of any size to embrace medical travel or medical tourism, offering employees the option of having certain nonemergency operations, …</p>

 

 

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Global economic recession: A blessing for Indian medical tourism … - According to Ankur Bharti, consultant, Technopak Health, cost-cutting would be the main growth driver for the country’s medical tourism this year. “Cost-cutting would be the main reason why more international patients would come to …

Tourism plan forms part of Oman commercial growth - Travel … - Tourism plan forms part of Oman commercial growth. by This email address is being protected from spam bots, you need Javascript enabled to view it on Tuesday, 02 December 2008. HOTEL PLAN: Omran has signed a deal with IHG to build a new …

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People Back Home May Well Benefit from Offshore Medical Tourism

Posted on 14 September 2008 in Uncategorized by admin

Medical tourism not only has beneficial effects for patients treated or their families.  Medical tourism can be credited often with quicker access to medical care - in effect jumping the cue.  Medical tourism may also afford more privacy to patients in cases of cosmetic surgeries.   In addition medical tourism may also provide for care to be provided , due to reasons of cost so that treatment which may not of been affordable to the patient - either the surgery itself , or a fuller treatment or convalescent time is made available and within the budgets of the patients and their families.  Often as well somewhat of a vacation is provided to the patient and their families as an added bonus.

One often unstated and unappreciated benefit of medical tourism is to provide positive competition for medical care at home - this especially relates to the medical care in the United States - which is primarily a private , for profit , health care system.

Having an option of medical tourism provides competition to the standard health care systems.  We all know that compeition results in “things getting better”.   Whether in the case of lemonade stands,  the American automobile industry or medical care competition usually , if not always results in improvements in delivery systems , product quality and offerings and service levels.   Established players are put back in the game to “watch the ball”  or “watch the puck”.  The cannot get complacent.  If they have gotten complacent or even cocky - then there is a new kid in town to keep them alert .  In essence if you were referring to a controlling pseudo-managress with an attitude problem at your local bank - its as if you told her “there are no shortage of other banks to go “.

It can be said that under communism everyone had a job in Russia but no one had enough to eat.  Competition helps to keep everyone in check , productive and providing higher levels of service.

So is it with the positive effects of medical tourism even on medical treatment  “back home”.    Your health care coverage and costs may well benefit from medical tourism even if you never leave home or “the farm”.

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Medical Tourism may not be a Win / Win Situation for All

Posted on 30 August 2008 in Uncategorized by admin

>The impacts of medical tourism – traveling long distances away from home to obtain medical care – which more and more is not about obtaining medical procedures that are not available at home , or seeking improved quality of medical care but in most cases either finding a way of economically “jumping the cue” or reducing the costs of treatment or therapy dramatically.

The cost differential of treatment abroad may only be a portion of the costs of the same procedures at home. To this end not only is it a case of cosmetic elective surgery but rather that insurance companies are coming up with the realization that even after travel costs they are far ahead in most financial accountings. There are issues and other costs true – what of follow-ups in cases of complications and downright negligence true.

However if one is to look at the system in a cold hearted financial sense the insurance companies are still light years ahead – in terms of output costs. In addition these complications and mishaps can be reduced through basic research and inquiries into medical systems and procedures and using well known accredited institutions.

To this point some major health care insurance providers are actually promoting medical tourism to the customers – even to the point of setting up programs , marketing programs and departments to promote , market as well as facilitate the logistics and follow through to the customers and their providers of medical care. It would appear to be a win / win situation for all.

Yet this is not always the case. Medical care and medical care costs in the states and E.U. is driven by both demand and costs. True with medical tourism the demand for medical care and services back home may be reduced. Yet medical tourism at the moment is only scratching the surface. Even the most aggressive of medical insurers estimate that in the range of only 1 to 2 % of their procedures afforded are being serviced overseas via medical tourism.

Yet in the case of the American medical system this small group serves to subsidize the medical system as a whole – providing an essential source of funds to keep the system going and in effect subsidize the health care of those less fortunate, in financial terms, but very demanding overall on the health care system – the aged, the elderly and the poor.

In the end result the demand for health care – the demand side of the supply/demand model will not diminish much. But funding which both funds the system and provides for economies of scales in the health care system will.

Thus while some may benefit from medical tourism, and the insurance companies of health care may benefit from reduced costs – in the end the medical system as a whole as well as the quality of care afforded and provided for may well decrease as well as diminish.

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Growth of Cosmetic Surgery - Medical Tourism

Posted on 30 August 2008 in Uncategorized by admin

 





      It is no secret to say that “Medical Tourism” has come to the attention of many in the tourism industry – both planners and government planers involved in tourism development and marketing.

 

       Especially when it comes to cosmetic surgery –  as opposed to critical or life saving medical surgery and procedures – then a planned tip abroad for cosmetic surgery affords -  a vacation , along with recuperative time away from home and prying eyes while the recovery progresses.

 

         The cost of the trip or vacation for ether the patient and / or their family members is often subsidized by the much lower cost of surgery than in dominant first world medical centers.

 

          On top of that when the patient returns home with their cosmetic surgery all that will appear is the charge card statements to be paid and remitted.

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