Comments on: Medical Tourism: Good or Bad? http://healthcare-economist.com/2007/10/30/medical-tourism-good-or-bad/ An unbiased look at today's health care issues Tue, 02 Dec 2008 08:49:52 +0000 http://wordpress.org/?v=2.6.5 By: paul http://healthcare-economist.com/2007/10/30/medical-tourism-good-or-bad/#comment-172969 paul Mon, 22 Sep 2008 17:26:16 +0000 http://healthcare-economist.com/2007/10/30/medical-tourism-good-or-bad/#comment-172969 Medical tourism is becoming the magic mantra of sorts, primarily because a lot of Americans and Brits find it not only inexpensive to get their elective treatments done abroad, but also exciting since they get to take a vacation while they are at it. The growing trend of attracting international patients around the world has virtually evened the playing field. Patients around the world have more choices when it comes to choosing surgeons and physicians to treat them and their conditions. In the medical field, borders are dissolving. Today, people travel to distant locales like Singapore, Thailand and India for cosmetic, heart and orthopedic surgeries. They choose Brazil, Argentina, Mexico or South Africa for dental or cosmetic treatments. Many countries in the Far East are also beginning to tap the potential of this business proposition and are jumping onto the medical tourism bandwagon. To cut a long story short, medical tourism is the in thing today. And it’s a win-win situation for the patients as well as for two industries in the host countries, namely, the health industry and the tourism industry http://www.emedispace.com Medical tourism is becoming the magic mantra of sorts, primarily because a lot of Americans and Brits find it not only inexpensive to get their elective treatments done abroad, but also exciting since they get to take a vacation while they are at it. The growing trend of attracting international patients around the world has virtually evened the playing field. Patients around the world have more choices when it comes to choosing surgeons and physicians to treat them and their conditions. In the medical field, borders are dissolving.

Today, people travel to distant locales like Singapore, Thailand and India for cosmetic, heart and orthopedic surgeries. They choose Brazil, Argentina, Mexico or South Africa for dental or cosmetic treatments. Many countries in the Far East are also beginning to tap the potential of this business proposition and are jumping onto the medical tourism bandwagon.

To cut a long story short, medical tourism is the in thing today. And it’s a win-win situation for the patients as well as for two industries in the host countries, namely, the health industry and the tourism industry
http://www.emedispace.com

]]> By: Don Wood http://healthcare-economist.com/2007/10/30/medical-tourism-good-or-bad/#comment-97210 Don Wood Wed, 31 Oct 2007 08:58:12 +0000 http://healthcare-economist.com/2007/10/30/medical-tourism-good-or-bad/#comment-97210 Cortez frames the questions I will attempt to answer. He questions where free market or government regulation will fail or be futile, and I think we've already got an answer. Free market has spawned medical tourism out of price, quality and product because of demand. Government has already failed and should have failed because it never produces anything (except frustration). We can well hope they will stay out of it. Government only needs to regulate the legal and ethical questions, like illegal organ transplants. In the information age we should already have applauded how the free market is doing it's job. As an owner director of a medical tourism company in India, America's Medical Solutions, we must be very keen to judge what is good and what is bad because the word will be on the street faster than anything. And that means policing our own industry, and I think medical tourism companies are for that reason all the industry needs. Don Wood, Dir. Americas's Medical Solutions, www.AmericasMedicalSolutions.com Cortez frames the questions I will attempt to answer. He questions where free market or government regulation will fail or be futile, and I think we’ve already got an answer. Free market has spawned medical tourism out of price, quality and product because of demand. Government has already failed and should have failed because it never produces anything (except frustration). We can well hope they will stay out of it. Government only needs to regulate the legal and ethical questions, like illegal organ transplants.

In the information age we should already have applauded how the free market is doing it’s job. As an owner director of a medical tourism company in India, America’s Medical Solutions, we must be very keen to judge what is good and what is bad because the word will be on the street faster than anything. And that means policing our own industry, and I think medical tourism companies are for that reason all the industry needs.

Don Wood, Dir. Americas’s Medical Solutions, http://www.AmericasMedicalSolutions.com

]]> By: Akshay Kapur http://healthcare-economist.com/2007/10/30/medical-tourism-good-or-bad/#comment-96496 Akshay Kapur Tue, 30 Oct 2007 12:35:20 +0000 http://healthcare-economist.com/2007/10/30/medical-tourism-good-or-bad/#comment-96496 The definition of labor productivity in healthcare has to be different from any other industry. Maybe outcomes-based or patient satisfaction-based? Defining it this way, the reduction of hours wouldn't necessarily be the goal. In fact, we would hope that more time is spent administering patient care. If viewed literally, we could possibly avoid Baumol's Cost Disease through expansion of low-cost services, as in the case of convenience clinics or reducing licensing restrictions for nurses. This would not only allow physician labor to be more intensive, but also allow for it to be more time-intensive for those who demand it the most (the very sick or elderly). Controlling for quality, I believe medical care can be outsourced abroad like any other good. My personal experience with care in India has generally been positive. Even considering the shoddy facilities in some of the countries mentioned, you have to realize that Britons and Americans won't ever come close to them. They will be taken care of at the Mayos and Cleveland Clinics of these respective countries at a much cheaper price. Then again, are we accounting for the time cost of flying and the price of the ticket!? The definition of labor productivity in healthcare has to be different from any other industry. Maybe outcomes-based or patient satisfaction-based? Defining it this way, the reduction of hours wouldn’t necessarily be the goal. In fact, we would hope that more time is spent administering patient care.

If viewed literally, we could possibly avoid Baumol’s Cost Disease through expansion of low-cost services, as in the case of convenience clinics or reducing licensing restrictions for nurses. This would not only allow physician labor to be more intensive, but also allow for it to be more time-intensive for those who demand it the most (the very sick or elderly).

Controlling for quality, I believe medical care can be outsourced abroad like any other good. My personal experience with care in India has generally been positive. Even considering the shoddy facilities in some of the countries mentioned, you have to realize that Britons and Americans won’t ever come close to them. They will be taken care of at the Mayos and Cleveland Clinics of these respective countries at a much cheaper price. Then again, are we accounting for the time cost of flying and the price of the ticket!?

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