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Have Coverage, Will Travel: Medical Tourism And The Value It Can Bring to Employer Benefit Design. David Boucher, MPH, FACHE President and Chief Operating Officer August 7, 2010. Medical Tourism Vacation Independence Day, 2006. MY PERCEPTION.

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have coverage will travel medical tourism and the value it can bring to employer benefit design
Have Coverage, Will Travel:

Medical Tourism And The Value It Can Bring to Employer Benefit Design

David Boucher, MPH, FACHE

President and Chief Operating Officer

August 7, 2010

slide5

Bumrungrad Has Not Gone Unnoticed………

SOURCE: American College of Healthcare Executives

slide6

International Air Travelers Reporting Healthcare as a Purpose for Their Trip

SOURCE: American College of Healthcare Executives

slide9

“36 percent of Americans reported putting off needed medical care.”

“Outbound medical tourism substantially reduced its growth in 2008-2009.”

“However, this will likely resume sustainable growth in 2010…”

Produced by the Deloitte Center for Health Solutions – October 16, 2009

world health organization who overall ranking of it s 191 member states
World Health Organization (WHO) Overall Ranking of It’s 191 Member States

Rank

1 France

2 Italy

3 San Marino

4 Andorra

5 Malta

6 Singapore

7 Spain

8 Oman

9 Austria

10 Japan

37 United States

* This performance assessment of health systems is based on many variables including socio-economic, political, and technological standards.

introducing
Introducing:
  • A Network of JCI Accredited, Low Cost Hospitals in Overseas Locations
  • Concierge Travel Arrangements
  • Case Management
  • Aftercare Consultations
  • Related Medical Travel Insurance Products
slide13

Companion Global Healthcare Network

Blackrock Clinic

Dublin, Ireland

Klinikum Chemnitz, Germany

Teknon Hospital, Barcelona, Spain

Severance Hospital, Seoul, Korea

Anadolu Medical Center

Istanbul, Turkey

CIMA Hospital, Hermosillo, Mexico

Anadolu Dental

Istanbul, Turkey

Kent Hospital, Izmir, Turkey

CIMA Hospital, Monterrey, Mexico

Wockhardt Hosp, Bangalore & Mumbai India

Bumrungrad International, Thailand

HIMA Hospitals, Puerto Rico

Min-Sheng Hospital, Taiwan

Clinica Biblica

Costa Rica

CIMA Hospital Costa Rica

Sime Darby Medical Center, KL, Malaysia

Apollo Hosp, Delhi & Bangalore, India

East Shore Hospital

Singapore

Prisma Dental

Costa Rica

Meza Dental

Costa Rica

Adult Dentistry of

Costa Rica

Mount Elizabeth Hospital

Singapore

Gleneagles Hospital

Singapore

Biodental Esthetics

Costa Rica

Raffles Hospital

Singapore

Albert Einstein Med Center, Sao Paulo,

Brazil

  • All Hospitals are JCI-Accredited and Undergo an On-Site CGH Survey.
  • JCI is the International Arm of the JCAHO & is is Accredited by Int’l Society for Quality in Health Care (ISQua)
  • Companion Global Healthcare is an Organizational Member of ISQua
price differentials
Price Differentials

Procedure Averages for Six Major Surgical Procedures 2010

CABG, Heart Valve Replacement, Vaginal Hysterectomy, Spinal Fusion, Total Hip & Total Knee Replacements

current business models
Current Business Models
  • Directly With Employers
  • Through Health & Dental Insurers
  • For BCBS of SC Employees
  • All of these incent members to voluntarily travel abroad for surgery
impact of national health reform
Impact of National Health Reform ?

Physicians Exiting the U.S. Medicare Program

The Medicare Payment Advisory Commission reported in 2008 that 28% of Medicare beneficiaries looking for a primary care physician had trouble finding one, up from 24% the year before.

A 2008 survey by the Texas Medical Association found that only 38% of primary-care doctors in Texas took new Medicare patients.

The percentage of physicians participating in Medicare has decreased consistently from 1990 to 2010.

companion global healthcare aftercare services available through doctors care
Companion Global Healthcare AFTERCARE SERVICES available through Doctors Care.

Thomas E. Gibbons, MD

Columbia, SC

Steve Parks, MD

Greenville, SC

Ronald K. Reynolds, MD

Myrtle Beach, SC

related medical travel insurance products
Related Medical Travel Insurance Products
  • Reduced Cost Stop-Loss Insurance
  • Employer-Sponsored, Member-Centric Medical Travel Insurance
  • Employer E&O Coverage Specific to Benefit-Directed Medical Travel
summary
SUMMARY
  • Worldwide, Patients Travel More For Quality & Accessibility, While American Patients Travel Primarily For Cost
  • The International Medical Travel Market is in its Infancy Stage
  • The Growth Potential is Significant
  • Employers Are Willing To Change Their Benefit Plan Structure To Avail Their Employees to International Medical Care
  • Substantial Opportunity Exists in The Medical Travel Business Since MT Can Benefit Employees, Employers, and Payers
slide23

Questions?

David Boucher, President & COO

Companion Global Healthcare

David.Boucher@CompanionGroup.com

803-264-3256