What are challenges for US Medical Tourism?

Inbound Health Tourism or medical tourism to the US means where hundreds of thousands of medical patients from other countries travel to the US for healthcare. Servicing foreign patients can be a money-making line of trade for US hospitals, particularly when dealing with non-insured cash paying patients. Patients roaming to the US for healthcare are either cash paying patients or enclosed by a global health insurance policy. While in the past many patients were cash paying, more and more foreign patients moving to the US for medical tourism are coming through health insurance policies. The expansion of global health insurance policies is driven by rising middle and upper classes in up coming countries, the alertness of the high quality, superior medical treatment and care, and the transparency of US hospitals.

With the quick globalization of healthcare and the need for high quality healthcare growing globally, many countries are seeing huge investment in the healthcare sector; health cities and modern high quality hospitals and healthcare facilities are being updated in every country around the world. These modern hospitals and clinic are being created to keep home patients from traveling abroad for healthcare and to also to draw foreign patients across borders. With the global economic crisis, many foreign patients who conventionally may have traveled to the US are finding healthcare solutions locally or in other countries as more and more hospitals are being build and seeking international accreditation. In the future, this could significantly reduce the number of patients traveling to the US for American hospitals which do not persist to market, promote and deliver their brand in overseas marketplaces. Therefore it will be critical for these facilities to develop new strategies for marketing and attracting new sources of health care patient flow.

Now, and even more so in the upcoming time, it is more demanding for hospitals to stand alone on their reputations as more hospitals enter the global marketplace. More affiliations and academic relations are emerging and more internationally accredited and recognized hospitals increase the competition.

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Source:http://www.medicaltourismassociation.com/en/us-medical-tourism.html

Why must US Employers and Insurance Companies apply Medical Tourism?

Medical Tourism term refer to people traveling to another country to receive medical, dental and surgical care while at the same time receiving equal to or greater care than they would have in their own country. They are traveling for medical care because of affordability, better access to care or a higher level of quality of care.

“Domestic Medical Tourism” means people who live in one country and travel to another city, region or state to receive medical, dental and surgical care while at the same time receiving equal to or greater care than they would have in their own home city. They are also traveling for medical care because of affordability, better access to care or a higher level of quality of care.

  Why must US Employers and Insurance Companies apply Medical Tourism?

•    Medical tourism provides a sole chance for employers to get significant savings on major healthcare expenses, such as major surgeries, while providing their employees and dependents a high level of quality of care.

•    Several insurance companies have already providing medical tourism or “pilot” programs in medical tourism such as Aetna, Blue Cross Blue Shield, WellPoint, Swiss Re and others.

•    Many Americans are recognizable with medical tourism and are open to the notion.