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COMMERCIAL MEDICAL TOURISM An Emerging Health care Phenomenon Economical way to take care healthcare costs incurred by US Corporations, Institutions, and.

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Presentation on theme: "COMMERCIAL MEDICAL TOURISM An Emerging Health care Phenomenon Economical way to take care healthcare costs incurred by US Corporations, Institutions, and."— Presentation transcript:

1 COMMERCIAL MEDICAL TOURISM An Emerging Health care Phenomenon Economical way to take care healthcare costs incurred by US Corporations, Institutions, and Insurance companies

2 INDEX What is Medical Tourism? Healthcare Trends. About Us Market place trends More about Process Conclusion

3 Medical Tourism – An overview What is Medical Tourism? Medical Tourism can be broadly defined as provision of cost-effective private medical care in collaboration with the tourism industry for patients needing surgical and other forms of specialized treatment, being facilitated by the corporate sector involved in medical care as well as the tourism industry- both private and public. It aims at broad spectrum of medical services consolidating leisure fun, rejuvenation and clean up processes on all levels related to physical, mental and emotional well beings. This urgent or elective medical procedure is now emerging as a multibillion dollars Industry.

4 HEALTH CARE TRENDS IN AMERICA A Growing Number of American Patients are Seeking Medical Treatment Abroad The medical tourism industry has seen a major increase in the past decade. Researchers have confirmed that: In 2006, about 150,000 American citizens traveled to Latin America and Asia for medical treatment. Researchers have confirmed that: In 2007, the figure increased to approximately 300,000. By 2010, experts say that the number could increase to well over 1 million. American patients are opting to undergo medical treatment abroad for procedures such as: face lifts, heart bypasses and fertility treatments. For many people who require medical treatment, the last thing they want to do is travel. However, due to the high cost of medical treatment in the USA, many American patients are going abroad for medical treatments. Their purpose is to save 50% to 80% on medical treatment conducted by doctors who are often trained in the United States, at hospitals that maintain the precise standards of patient care and safety.

5 USA MEDICAL TOURISM - Popular Destinations Many American patients visit to Asian countries like INDIA for there Medical procedures. According to a study completed in November 2007, by the National Center for Policy Analysis (NCPA), most American patients obtain medical treatment in Mexico and other Latin American countries. Currently, countries like India and Thailand provide state-of-the-art amenities for critical treatments like hip or knee replacements and cardiac surgery. Some other popular destinations are Singapore, Belgium and South Africa. Many people from Northern and Western Europe visit Central and Eastern Europe for low-priced medical and dental care. Reasons Why American Patients are Traveling Abroad for Medical TreatmentsNational Center for Policy Analysis (NCPA) Patients from the US are provided with brand new facilities and equipment due to fierce competition among hospitals and global medical tourism centers. Though price is an important factor, there are other benefits of medical tourism.

6 Medical treatment centers in many of these countries offer state-of-the-art facilities. This includes new or renovated private hospitals that use cutting edge technology and equipment. The doctors in these facilities are trained to American and European standards, providing service that is equal or greater to what hospitals in USA offer. Benefit of Medical tourism for minor procedures Patients who are undergoing minor surgery or procedures, can enjoy their recovery by staying in a relaxing vacation environment in beautiful surroundings. Patients accompanied by a family member or friend can enjoy some quality time, relaxing on the beach or going shopping. This can relieve much of the stress that builds up after a surgery. For patients receiving minor treatments, the benefits are even greater. Lack of Insurance

7 Here are a few reasons why medical tourism is rapidly gaining popularity in the USA: Low costs of Medical Treatment Abroad For most people, the lower price is the main advantage of medical tourism. USA health care costs are often higher than the combined fee of traveling and receiving medical care abroad. A total face and neck lift procedure can cost about $12,000 in the U.S.A, while a similar procedure will costs around $3,000-4,000 overseas. The price of hip replacement surgery varies from $40,000 to $65,000 in the USA, whereas a similar procedure abroad costs about $8,000 to $18,000, including traveling expenses. India provides reasonable prices and high quality medical services to patients from the US. The prices in India usually vary from 0.25 to one 0.1 of the price of a similar medical procedure in the USA. Thailand - India's major competitor - is about 20% more expensive Receiving medical treatment in South America can cost between 50-100% more than it would in India. High quality healthcare abroad By doing the proper research, or consulting with a good agent, you ensure that you will receive high quality medical services with the best doctors in your destination country.

8 Market place trends 1.The consumption of healthcare services is growing faster then any other service in America. As a whole, Americans are demanding more options for healthcare products and services from providers and suppliers, but lack the access 2.Consumers of healthcare services are becoming more technologically savvy, and are seeking new channels to fulfill their healthcare needs 3.With complexity and fragmentation of the medical tourism market process, patients are seeking an easy to use, personalized system with real time customer support. 4.An increasing number of overseas hospitals and clinics are investing resources in an effort to attract American consumers. The challenge going forward is to continually incorporate innovative ways by which to effectively facilitate the communication process. 5.Increasing globalization of professional services and all business operations are forcing organization leaders to view the world as one global competitive marketplace for all goods and better positioned to be the lower service provider. 6.Increasing awareness of medical tourism as a truly safe and viable option for obtaining world class care at a fraction of the cost, brought about by continual mainstream media coverage of highly successful cases. 7.Increasing regulatory oversight by organizations with a vested interest in the successful growth and development of international patient care, such as the AMA, JCI, ISO, leading hospital, foreign government agencies responsible for trade, tourism, health and consumers of healthcare.

9 ABOUT US: MT.ME(Medical Tourism.me)DIAL REMEDY-NRIBULLS Healthcare is a Dallas based medical tourism company. A company who is committed provides a world class, high quality, customized medical care at affordable cost. We want to help US patients to connect with leading Indian hospitals to provide outstanding care along with the rich cultural heritage and historical facets of the hosting country. Low cost Medical Treatment Services for Tourists Health Tourism Medical Surgery Packages in India Traveling to new places and finding suitable hotel to stay and a right physician to get treated is very difficult and challenging issue. MT.ME-GPS MEDICAL TOUR COMPANY is started with an aim to help visiting parties manage all their basic requirements quickly and on budget. MT.ME-GPS MEDICAL TOUR COMPANY alliances with top healthcare institutions, leading tour operators to make your stay easy and comfortable without any hassle. We will be committed to making our clients ’ trip as smooth and rewarding as possible, while assuring that the best possible medical treatment is given.

10 Medical Tour Company Medical tourism Program for Corporate /Institutions / Insurance sector MT.ME-GPS MEDICAL TOUR COMPANY Medical Tourism offers significant cost saving on surgical procedures for self funded & fully insured employers. With the cost of healthcare in United States continuing to rise, many employers are finding Health care in the United State unaffordable. Consumer driven plans and disease management programs are not helping with the increasing costs for Healthcare. Medical Tourism is the ultimate consumer driven benefit. What is MT.ME -GPS Medical Tour Company medical tourism program? MT.ME-GPS-MTP is a program in which an employer offers the option for employees to travel internationally for surgery and provides incentive to employee to do so. For example, an employer may waive the deductible, the coinsurance and cover all travel expenses for the employee and companion if they choose to travel internationally for healthcare. The employee can save thousand of dollars on out of pocket expenses and the employer can save up to 90% on the cost of major claims. The employee still has the option to receive his surgery and care in the United State. It is the employee’s option to travel for Medical Care.

11 What is the quality of Hospital Overseas? Participating hospital have excellent quality of care. In many cases, hospital have equal to or better Healthcare then American Hospitals. Many Americans who have gone overseas for treatment prefer the care they receive overseas to the care they receive in U.S. Overseas there is a personalized level of care that you may not receive in your local hospital. Doctors spend more time with their patients and the nurse to patients ratio is significantly increased. Also, the JOINT COMMISSION which accredits most US Hospitals has an international quality accreditation called JOINT COMMISSION INTERNATIONL. What are the Qualifications of the Doctors? Many doctors participating in Medical Tourism were trained in the US and are US Board Certified. Many others were trained in the UK, CANADA OR EUROPE. Outsourcing our healthcare? The U.S. is currently outsourcing our healthcare; over 25 % of doctors practicing in United States are foreign doctors who have been trained abroad. When Americans go to U.S hospitals, many times they have Asian, Indian or Latin American doctors. Also Majority of our nurses working at US hospitals are from foreign countries. We are already used to utilizing foreign doctors and nurse.

12 How does the Medical Tourism program work? Members will receive there procedure at a 5 star surgical facility at a fraction of the cost of the comparable procedure in the United States. Members have the ability to select their physician. The employer provides incentives to employees whenever they choose to have their surgical procedure performed overseas. All it takes is a simple amendment to the plan documents/insurance contract.

13 Example of surgery in the U.S. Employer A has an employee who needs a heart procedure. The deductible for the employee is $2500 and coinsurance is another $ 5000. Employer A has a self funded health plan with a $ 100,000 specific deductible. In the U.S. the heart by pass could cost up to $100,000. The Employer is guaranteed to pay $ 92,500 for the surgery and the employee must pay $ 7500. EXAMPLE OF SAVING Employer A, waives the deductible and coinsurance as an incentive for employees to go overseas for care. The employer pays for travel expenses for the employee and a companion. The employee goes to Asia for the Heart procedure and now save $ 7500. In some cases the employer may also give the employee a cash incentive. The employer cost for waiving deductible, coinsurance, travel and expenses, and cash incentive is now $ 15000. the cost of the heart procedure in Asia is approximately $ 20000. Total Cost =35000. employer’s original out of pocket expenses in the U.S.- 92000. Total saving for employer with overseas surgery is 57000.

14 Partnership Our partnership with market leaders in the medical, travel and insurance industries in order to construct a community that not only provides our customers with total service and confidence, but also benefits all of the following parties.  Consumers  Corporate and Institutions offering Private Health Plans  Insurance companies  Hospital systems and physicians  Destination program managers  Hotels and resorts  Airlines  Ground transportation providers  Tour and excursion operations  Communication services  Finance companies

15 Contact Address:- DIAL REMEDY-NRIBULLS HEALTHCARE MT.ME (Medical Tourism.me) Phone No: (972)965.6464 Fax No : (855)965.6464 Website: www.dialremedy.comwww.dialremedy.com www.nribullshealthcare.com www.medicaltourism.me E-mail: mt.me@nribullshealthcare.commt.me@nribullshealthcare.com


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