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| MEDICAL TOURISM IN INDIA |
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Medical tourism is travelling for medical management to another country for better technology, services and standards, cost saving, availability and other reasons. More than 1 million patients worldwide visit hospitals and clinics each year in countries other than their own. India alone had received 4,50,000 patients in 2007 and they paid just 20% of what hey would have paid in USA. The destination countries can be any the leading ones are India, Thailand, Singapore, Malaysia, Philippines, Turkey Belgium, Hungary, South Korea Brazil, Costa Rica, Panama, Mexico, USA.
India has emerged as one of the the best and the most favored destination for medical tourism. Indian doctors are amongst the world’s best trained and experienced doctors. What's more, India now has advanced hospitals with international accreditations with stringent conditions. Surgeries like joint replacement, organ replacement or heart surgery might cost 80% less in India.
Hospitals Overseas may be able to offer FREE assistance to FFI members for planning any medical management in India like medical evaluation, helping choose the right hospital and doctor, transport, accommodation and other local needs.
Cost of medical treatments has been always less in developing economies but what has changed is the technologically advanced set up and highly trained doctors in such destination countries. This fact has shifted the paradigm of medical management all over the world. Medical tourism is not only driven by low costs but also by world class hospitals with international accreditations, highly trained staff, innovations and the latest advances in facilities. These are the reason why patients take up the option of medical tourism.
Healthcare in destination countries is less costly because
- Standards of living are more modest
- Doctors and staff command lower wages
- Government-subsidized healthcare keeps private healthcare costs down
- Malpractice attorneys are, if not docile, at least considerably more restrained
Whereas in western countries, the cost is high because
- High facilities costs
- Unpaid hospital bills totaling billions of dollars
- High-priced medical education
- Costly research
- Excessive malpractice litigation all add up to exorbitant prices for healthcare in the western countries
- In addition, these physicians who perform elective and specialty procedures such as cosmetic surgeries, in vitro fertilization, and certain hip, spine, and cardiac procedures command astronomical fees from patients willing and able to pay, leaving those of more modest means in the lurch and seeking alternatives.
Surgical Procedures & Cost Savings
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| Procedure |
United States |
India |
Thailand |
Singapore |
Malaysia |
Panama |
S. Korea |
Taiwan |
Typical Medicare Payment |
| Coronary artery bypass surgery |
70,000-
133,000 |
7,000 |
22,000 |
16,500 |
12,000 |
10,500 |
31,750 |
27,500 |
18,500-
23,500 |
| Bypass surgery with heart valve replacement |
75,000-
140,000 |
9,500 |
25,000 |
22,000 |
13,500 |
13,500 |
42,000 |
30,000 |
30,900-
43,000 |
| Hip replacement |
33,000-
57,000 |
10,200 |
12,700 |
12,000 |
7,500 |
5,500 |
10,600 |
8,800 |
10,085-
12,500 |
| Knee replacement |
30,000-
53,000 |
9,200 |
11,500 |
9,500 |
12,000 |
7,000 |
11,800 |
10,000 |
10,085-
12,500 |
| Prostate surgery (TURP procedure) |
10,000-
16,000 |
3,600 |
4,400 |
5,500 |
4,500 |
3,500 |
3,200 |
2,750 |
3,003-
3,400 |
| Gastric bypass |
35,000-
52,000 |
9,300 |
13,000 |
16,500 |
12,500 |
8,500 |
9,300 |
10,200 |
7,902-
9,500 |
| Face-lift |
10,500-
16,000 |
4,800 |
5,000 |
7,500 |
6,500 |
2,500 |
6,650 |
8,500 |
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McKinsey Co. in its report of May 2008 (page 7) wrote - 'Medical travelers we interviewed were uniformly quiet satisfied with their experience. They wouldn't hesitate to go abroad for care should they need it again and would recommend that their friends and family members do so as well. Some patients and their family members were so pleased with that they said they would seriously consider traveling abroad to get better care, even if that care is accessible and quickly available in their developed home countries'.
Hospital Overseas is a global medical tourism facilitator which provides seamless services to make medical travel an experience worth recommending. Hospital Overseas acting as representative of the patient would add great value to whole process of visiting a country for medical management. There are many services which would be available through Hospital overseas and not by the chosen hospital directly. Our participation gives a personal touch to seeker and provider of services and we are always at call for medical or non medical needs.
For more details visit www.hospitalsoverseas.in
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