dismiss

Clean Sweep Live Auction on Thur. March 28th. Click to view the full inventory

DOTmed Home MRI Oncology Ultrasound Molecular Imaging X-Ray Cardiology Health IT Business Affairs
News Home Parts & Service Operating Room CT Women's Health Proton Therapy Endoscopy HTMs Mobile Imaging
SEARCH
Current Location:
>
> This Story


Log in or Register to rate this News Story
Forward Printable StoryPrint Comment
advertisement

 

advertisement

 

More Magazine Features

Soothing pediatric imaging fears: Experts discuss options Pediatric imaging should be fun and games

The humble hospital bed joins the ranks of smart medical devices Patient monitoring and deep learning enhance the last offerings

Access to proton therapy increasing for pediatric patients Young cancer patients have the most to gain from proton treatment

Is medical 3D printing destined to become as commonplace as X-ray? Diverse teams may help unlock 3D printing’s full potential

What will the right RIS system bring to your imaging department? There is no one-size-fits-all solution for RIS needs

See All Magazine Features  

More Industry Headlines

National Mobile X-ray acquires MMDS Mobile X-ray Expands reach deeper in southeastern US

Echocardiogram should play role in patient selection for transcatheter mitral valve repair, says study New study highlighted at ACC

Building a health data utility: Three secrets to a fresh model for interoperability Teaching healthcare how to share

FDA gives green light for smallest, slimmest 3T CRM devices Extended battery lives, greater diagnostic and therapeutic capabilities

Change Healthcare files for IPO Could raise as much as $100 million, listing on Nasdaq

Healthcare’s ‘valueless data’ problem Information is collected and organized, time to put it to work

Study: 'Convenient' telehealth visits lack coordinated relaying of information Could lead to fragmentation in healthcare, say study authors

Emerging applications of contrast-enhanced ultrasound in pediatric imaging Discussing the benefits of an emerging technology

BSWH to install Glassbeam's CLEAN blueprint to leverage machine uptime Will include integrated CMMS software by EQ2

Level Ex releases interventional cardiac video game, Cardio Ex Over 35 levels that test cognitive, spatial reasoning and decision-making skills

Medical tourism remains a small but growing industry

by Joanna Padovano , Reporter
From the December 2011 issue of DOTmed HealthCare Business News magazine

In 2007, Jonathan Reeder of Houston, Texas, received some troubling news after a routine exam. The results came back that his prostate numbers were too high—an early warning sign of cancer. His troubles didn’t end there. “I was between insurances and I couldn’t afford to pay full-fare for prostate removal,” recalls the now 68-year-old dentist.

Rather than delay the procedure and possibly put his health at risk, Reeder explored his options. He learned about WorldMed Assist, a medical travel facilitator, contacted the company and became a medical tourist. He made his arrangements and then headed to India, where he had his prostate successfully removed at the Apollo Hospital in Jubilee Hills, Hyderabad.

“It was a very positive experience . . . they treated me very well,” Reeder says, mentioning that he stayed in the presidential suite—the best accommodations in the hospital. His trip lasted about a week, during which time he was even able to do some sightseeing. He spent approximately $15,000 overall, 50 percent of what he would have spent in the United States, he estimates.

After returning home, Reeder received follow-up care from his local urologist. “I now have insurance, but if I were faced with the same set of circumstances, I wouldn’t hesitate [to do it again],” he says, referring to his experience with medical travel.
Story Continues Below Advertisement

Free Marketplace where Lenders Compete Get Pre-Approved for up to $500,000

Get financing today. We say YES more! Easy, Fast, Application. Pick the payment that best works for you. Tax Benefits + Leasing = Huge Savings! NEVER BE OBSOLETE. NO DOWN PAYMENT. FIXED MONTHLY PAYMENT. MRI, CT, Ultrasound, Digital X-ray, Dental Equipment


Background and statistics
As mentioned on the Medical Tourism Association website, millions of people travel abroad each year for medical care. Scott Edelstein, a health care counselor with the law firm Squire, Sanders and Dempsey, forecasts that the value of global medical tourism will increase from 60 billion dollars in 2006 to 100 billion dollars in 2012, the MTA website says.

There are three main types of medical tourism; outbound, inbound and intrabound. Outbound includes Americans, like Reeder, who travel to another country to receive medical care. Inbound refers to foreigners who come to the United States for medical care. Intrabound, also referred to as domestic medical tourism, is used to describe Americans who travel to a different state for medical care.

As stated in a July 2011 Euromonitor International market report, “Global Medical Tourism Briefing: A Fast Growing Niche Market,” medical tourism accounts for less than 1 percent of the global tourism expenditure, although that amount is expected to grow in the coming years due to hikes in health care costs and an aging population.
  Pages: 1 - 2 - 3 - 4 >>

Related:


(1)

Thomas Treutler

A growing niche

December 27, 2011 11:54

Great article, showing options patients have in the US to save on their medical bills. However, it will take some time until Global Healthcare really does influence US-healthcare in a more profound way? Why is that?
- Global Healthcare only makes sense if:
- you are un- or under-insured
- you have a high deductible
- your company offers you a reduction of your deductible
- if travelling to another country is an option for you
- Individuals will be the drivers of this niche market, not insurances
- Lobbyists will and are already starting to negatively report on this market and discouraging a more transparent healthcare market.

However, as costs for healthcare increase and become less and less transparent - more and more patients will search for alternatives. Global Healthcare is just starting up - but already holds great potential!

Dr. Thomas H Treutler
http://www.FlyClinic.com

Log inor Register

to rate and post a comment

You Must Be Logged In To Post A Comment

Advertise
Increase Your
Brand Awareness
Auctions + Private Sales
Get The
Best Price
Buy Equipment/Parts
Find The
Lowest Price
Daily News
Read The
Latest News
Directory
Browse All
DOTmed Users
Ethics on DOTmed
View Our
Ethics Program
Gold Parts Vendor Program
Receive PH
Requests
Gold Service Dealer Program
Receive RFP/PS
Requests
Healthcare Providers
See all
HCP Tools
Jobs/Training
Find/Fill
A Job
Parts Hunter +EasyPay
Get Parts
Quotes
Recently Certified
View Recently
Certified Users
Recently Rated
View Recently
Certified Users
Rental Central
Rent Equipment
For Less
Sell Equipment/Parts
Get The
Most Money
Service Technicians Forum
Find Help
And Advice
Simple RFP
Get Equipment
Quotes
Virtual Trade Show
Find Service
For Equipment
Access and use of this site is subject to the terms and conditions of our LEGAL NOTICE & PRIVACY NOTICE
Property of and Proprietary to DOTmed.com, Inc. Copyright ©2001-2019 DOTmed.com, Inc.
ALL RIGHTS RESERVED