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Medical Tourism Thailand

Developments in the Medical Tourism Industry

May 29, 2006

Appaling medical tourism numbers? Great opportunities!

An excellent article in Time Magazine with plenty of interesting numbers. Some examples:

An operation on a herniated disk which would have cost $90,000 in the US was performed at the Bumrungrad Hospital in Bangkok for less than $10,000.

The number of American patients at the Bumrungrad climbed last year to 55,000. 83% of them came for noncosmetic treatments.

United Group Programs (UGP) of Boca Raton, Fla., a third-party administrator that sells a low-premium coverage plan to 100,000 people, this month began promoting Bumrungrad Hospital as a preferred provider to its customers.

Would people actually travel 10,000 miles for medical care just to make a few bucks? You bet. Polls commissioned by Milstein suggest that few consumers would opt for surgery abroad for incentives below $1,000. But raise the ante above $1,000, and the equation changes. Among people who have sick family members, about 45% of the underinsured or uninsured declare they would get on the plane; even 19% of those who have insurance say they’re game. Above $5,000, the percentage of takers climbs to 61% and 40%, respectively.

Trehan plans to launch next year, in partnership with GE, the first installment of a vast, $250 million specialty Escorts hospital complex near New Delhi that will feature luxury suites, a hotel and swank restaurants for patients and their families. “We will be the Mayo Clinic of the East,” he says. Max Healthcare is also planning a specialty complex in New Delhi (fields: neurologic, orthopedic, ob-gyn and pediatric).

Some more numbers about agencies:

Eight have popped up in Canada, where national health care can mean a yearlong wait for elective surgery. In the U.S. several firms are aiming at the roughly 61 million people who are uninsured or underinsured. PlanetHospital’s founder, “Rudy” Rupak Acharya, says his agency, which in the past seven months has sent some 200 patients abroad, got 11,000 inquiries in March alone. He has just retained Mercer to help him develop an insurance plan for the uninsured that will combine primary and emergency care in the U.S. with surgery abroad.

The article also has a price comparison for procedures like anginoplasty, gastric bypass, heart bypass, heart-valve replacement, hip replacement, hysterectomy and knee replacement in the US, India, Thailand and Singapore.

2 Comments »

  1. […] The same Patrick Marsec was also interviewed for a previously reviewed Time Magazine story on medical tourism. In that story Rupack Acharya of PlanetHospital is quoted as saying that his company has sent some 200 patients abroad in the last seven months. This puts PlanetHospital sizewise in the same league as MedRetreat: somewhere around the one-million dollar mark. […]

    Pingback by MediThai.net » The puzzling size of medical tourism agencies or where do all the patients go? — August 15, 2006 @ 6:34 am

  2. My friend had a fantabulous experience at a renowned hospital in India called Wockhardt Hospitals…..Read more

    =====================================================

    Patient’s Name : Bela Seco
    Cosmetic Surgery, USA

    I wanted to take this time to express my sincerest thanks to the staff at Wockhardt Hospital. In my life time I have been hospitalized many times.

    Prior to coming I had had 12 surgical procedures and am well versed in the hospitalization experience from a patient perspective. However the experience here at Wockhardt has been completely different. The staff is extremely gentle and caring. There is much attention payed to the patient to make sure that their every needs are met.

    During my stay I had the oppurtunity to meet people at all levels in the hospital and every person I met was kind, gentle and respectful. From Housekeeping, Roomservice, the recovery room staff, physical therapy staff, nursing staff and of course the doctors.

    Many have become good friends and are more like family. I will always look back at my experience here and not remember the pain but only the family.

    The staff at Wockhardt Hospital are excellent ambassadors not only for the hospital but also for your country.

    Thank you all for taking a difficult experience and making it easy!

    Comment by Victor — September 1, 2006 @ 5:55 am

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