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Medical Tourism

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on 4 June 2016

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Transcript of Medical Tourism

Why Medical Tourism?
Medical Tourism
Paul Mahoney(sucks), Kshitij Goel, Daniel Hagy, Frank Baer, Alicja Pawlus, Jessica Bosshard
INTRODUCTION
What is medical tourism?
Where is it happening?
Who is affected?
76.4 million baby boomers
Spend $157 billion on trips every year
~No. 1 leisure activity
"Bucket List"
Desire to be active and maintain well-being
Medical advances
"Boomers are savvier, more discerning consumers than
previous generations of seniors"
Size & Buyer Power
Word of mouth, increasing presence online...
Baby Boomers
Affordable Care Act
Cost analysis
Quality of Care
Countries and their Specialties
Cost Comparison
Organ transplantation
Supply & Demand
The Market
The Price to survive

Black Market
Again - what medical tourism is.
Its global economic/policy impact
The future
Conclusion
Works Cited
Howard, Beth. "Medical Tourism - Should You Have Surgery Abroad - AARP." AARP - Real Possibilities. AARP, Nov. 2014. Web. 17 Apr. 2016. <http://www.aarp.org/health/conditions-treatments/info-2014/medical-tourism-surgery-abroad.html>.

"Medical Tourism Statistics & Facts." Patients Beyond Borders. Healthy Travel Media. Web. 17 Apr. 2016. <http://www.patientsbeyondborders.com/medical-tourism-statistics-facts>.

http://www.huffingtonpost.com/2012/06/04/medical-tourism-health-tourism-medical-travel_n_1551217.html

http://www.forbes.com/sites/nextavenue/2013/08/01/the-hottest-trends-in-boomer-travel/#6388ce9a2cd4

"Medical Tourism Benefits and Advantages." Medical Tourism Benefits. N.p., n.d. Web. 01 June 2016.<https://www.health-tourism.com/medical-tourism/benefits/>

"Medical Tourism." Centers for Disease Control and Prevention. Centers for Disease Control and Prevention, 23 Feb. 2015. Web. 01 June 2016. <http://www.cdc.gov/features/medicaltourism/>


Affordability and Cost-Effectiveness
30%-80% in savings
Lower cost of labor
Lower malpractice, insurance, and administration rates
High quality of Health Care
Immediate service
Ability to be placed on priority list
Convenience
Travel/Vacation
Risks
Depends on the source
CDC (Doesn't want Medical Tourism)
Communication issues
Uncertainty of reused needles
Medication Counterfeit/Low quality
Blood screened correctly?
Flying after surgery- Blood Clots
Risks
Medicaltourism.com
"Each country will have its own licensing and certification protocols which may vary significantly from the United States"
Legal Recourse
Flying after surgery is dangerous
Those born between 1946-1964 so anyone between 52-70 in 2016.
https://aptitudeandreasoning.com/wp-content/uploads/2015/09/9d2f35d6-a75a-44e7-8259-6ff1abb00ce4.jp
Thailand and Brazil - Cosmetic Surgeries
India - Organ Transplant, Cardiology
Malaysia - Vision, MRI
Singapore - gastroenterology, orthopaedics
Turkey - Eye Care
Hungary And Mexico - Dental
Treatment
Cost In USA
Cost Overseas
Heart Bypass
$123,000
$7,900
Heart transplant
$150,000
$15,000
Hip replacement
$40,364
$5,500
Dental Implant
$2,500
$500
Face Lift
$11,000
$440
Lasik
$4,000
$1,000
Two-way ticket to anywhere in the world <$2,000 (Apporx)
Knee replacement
$60,000
$10,000
India
Thailand
Singapore
Costa-Rica/ Poland
Panama
Main drivers of low price:
labor costs
bulk price (package pricing)
pricing transparency
no cross subsidizing
fewer regulations
CDC: Centers for Disease Control and Prevention
Full transcript