medical travel destinations where north americans travel for care
TRANSCRIPT
Medical Travel Destinations
Where North Americans Travel For Care
Columbus MAY Have Been
a Bit Hasty!
Hospital quality, like life, can be like a box of chocolates……
How Most North Americans View Hospital Care Outside of Our Countries
PERCEPTION
REALITY
If Thailand Seems Too Far To Travel….
…Consider The Health City Cayman Islands
HCCI’s Partners
Joint Venture between Narayana Health and St. Louis-based Ascension Health with the
Support of the Cayman Islands Government
Health City Cayman Islands
International Hospital Management Corp is a network of 10 hospitals in
Latin America with a total of 537 beds
Surgeries: 32,124Admissions: 39,040
CIMA San Jose, Costa Rica
ANADOLU MEDICAL CENTER, Istanbul, Turkey
Countries & Procedures Of Choice For North Americans
• Thailand• India• Costa Rica• Philippines• Korea• Turkey• Cayman Islands
• Orthopedic• Cardiac• General Surgery• Gastric Bypass• Dental• Cosmetic• Hepatitis C Treatment
Patients in Different Countries Travel for Different Reasons:Americans for Price
Canadians for AccessRussians for Quality
High Costs for Unknown Quality in the U.S. The Box of Chocolates
Increasing Demand – Silver Tsunami & Chronic Diseases
Decreasing Supply – Physicians & Nurses
Ease and Affordability of International Travel
Hospitality Differentials
Identical Technology and High Standards of Care in Other Countries
Regardless of The ACA
Companion Hospitals Offer Excellent Service
• Patients Met at The Jet Ramp
• Hospital Staff Handles Baggage
• 5-Star Hospitals
• Robust Nurse : Patient Ratios
• Physicians Take Time to Listen
• All Employees Make Eye Contact and Genuinely Smile!
• Flavorful Food, 24/7
• In-Room Massages & Other Wellness Services
SavingsProcedure Averages for Six Major Surgical Procedures
CABG, Heart Valve Replacement, Vaginal Hysterectomy, Spinal Fusion, Total Hip & Total Knee Replacements
U.S.Charges
CGH Price Average
%Variance From U.S. Charges
Averages: $109,057 $12,900 88.2%
Procedure Averages for Four Major Dental Procedures
Crowns, Implants, Porcelain Veneers & Root Canals
Average U.S.
Charges
Companion Global Dental
Price Average
%Variance From U.S. Charges
Averages: $1,619 $538 67%
Business Models
• Directly With Employers (Medical & Dental)
• Directly With Travel Agents
• Directly With Consumers
• Through Health & Dental Insurers
• Growth in # of JCI-Accredited Hospitals from 80 to over 400 since 2006
• Safe, High-Quality Medical Care is Available in Joint Commission Accredited Hospitals in 40+ Countries – Including the United States
• Quality Concerns of Cross-Border Care are Fading
• Malpractice Risk for Employers & Patients Have Been Mitigated
• The Medical Travel Market is Still Young
• The Growth Potential is Significant
Summary
Question?
David Boucher, President & COO
Companion Global Healthcare, Inc.
Columbia, SC
803.758.2626