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Global Wellness Summit Recently Held Press Conference in Innsbruck, in Advance of Conference Headed to Tyrol, Austria this October
Governor of Tyrol, Günther Platter, identified the powerful impact that wellness tourism has on region; New data released: wellness tourism trips in Austria grew 12% over last two years Miami, FL : The Global Wellness Summit (GWS), along with host … Continue reading
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1.4M Americans expected to travel abroad for medical care in 2016
Medical tourism among Americans has grown increasingly popular as the cost of many healthcare services in the U.S rises. With the cost savings that come with traveling to other countries for certain medical procedures, a handful of American insurance companies are even encouraging the practice among their members by covering travel and treatment costs, according to The Fiscal Times.
In 2015, the medical tourism market was valued at about $439 billion, and it is projected to increase by 25 percent each year over the next decade, according to a report by Visa and Oxford Economics, The Fiscal Times reported. In 2016, an estimated 1.4 million Americans will have a medical procedure performed in another country.
Here are three things to know about medical tourism, according to the report.
1. Some common procedures, such as a knee replacement, cost significantly less in other countries than in the U.S. Knee replacements in the U.S. range from $35,000 to $60,000. In comparison, they cost less than $23,000 in Costa Rica or India, including airfare and lodging for the patient and a companion, according to Indus Health. Lower physician salaries and less expensive medical malpractice insurance generally account for the price difference.
2. Serious risks exist. While it’s possible to receive high-quality care abroad, standard safety practices in U.S. hospitals may not be used in other countries. The CDC warns against counterfeit medications or blood that hasn’t undergone the same screening as it would in the U.S., for example. Additionally, language barriers and culture shock could pose barriers to care, and jet lag could leave you weaker before surgery and slow your recovery at home, according to the report.
3. Medical tourists must plan for complications. If a patient’s traditional insurance won’t cover the cost of the trip, one must purchase medical complications insurance, which covers the cost of follow-up care and treatment if complications arise.
source: http://www.beckershospitalreview.com / Becker’s Hospital CFO / Home> Financial Management / by Tamara Rosin / August 18th, 2016
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Posted in Reports,Features, Statistics
Centre promoting medical tourism in a big way: Mahesh Sharma
Medical tourism has witnessed a growth of around 28 per cent in the last three years, Tourism Minister Mahesh Sharma today said and asserted that the Centre is promoting this sector in a “big way” by initiating the process of granting e-medical visas for tourists.
Sharma had earlier this year, chaired the first meeting of the National Medical and Wellness Tourism Promotion Board and assured all help to the stakeholders, including easing of visa process for such travellers. (PTI)
Medical tourism has witnessed a growth of around 28 per cent in the last three years, Tourism Minister Mahesh Sharma today said and asserted that the Centre is promoting this sector in a “big way” by initiating the process of granting e-medical visas for tourists.
Observing that medical tourism can become the strength of India, Sharma said that to promote this sector, a national medical and wellness tourism board has also been constituted.
“Medical tourism can be the strength of India. We have a growth of 23-28 per cent in last three years in medical tourism. We are trying to address medical tourism in India in a big way by initiating the process of e-medical visa…
“…and forming a national medical and wellness tourism board where we propose that all of our healthcare institutions which will be providing medical tourism facilities to tourists they will be standardised…,” he said.
He was speaking at the 3rd International Congress of the World Coalition for Trauma Care and 8th Annual Conference of the Indian Society for Trauma and Acute care.
Sharma had earlier this year, chaired the first meeting of the National Medical and Wellness Tourism Promotion Board and assured all help to the stakeholders, including easing of visa process for such travellers.
Speaking on trauma care, Sharma said that the government is trying to address various issues including non-availability of ambulances and bureaucratic problems.
Noting that there has been an increase in both traffic and value of life, Sharma said that trauma services play a big role in the ‘golden hours’ and there is a need to update and upgrade to meet the challenges and new requirements in this field.
He noted that medical profession is facing a crisis not only in India but also worldwide and there are issues like consumer protection laws worldwide, students not opting for medical profession and working conditions of doctors among others.
source: http://www.financialexpress.com / The Financial Express / Home> Lifestyle> Travel tourism / by PTI / August 18th, 2016
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