Medical Tourism: A Growing Industry for Cost-Effective Healthcare Services
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Added on  2023/01/23
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Medical tourism has emerged as one of the fastest advancing industries across the globe, offering cost-effective healthcare services for patients seeking treatment abroad. This article explores the benefits of medical tourism, popular destinations, and the effectiveness of seeking healthcare services overseas.
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Medical Tourism1 MEDICAL TOURISM By (Name) Course Professor Name of Institution City Date
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Medical Tourism2 Medical Tourism Medical tourism has emerged as one of the fastest advancing industries across the globe. However, Han and Hyun (2015) reveal that travelling to seek for healthcare attention is not a new phenomenon as it has been considered as one of the factors that drive people to visit the healing features provided in various coastal locations and thermal springs. Fetscherin, and Stephano (2016) explain that while conventional ideologies uphold the truism that tourism should be aimed at fostering relaxation and human pleasure, medical tourism is stirred by the need to find cost effective and fulfilling healthcare services across international borders. Patients from developed economies have continuously resorted to overseas remedies for their health condition as a result of the sky rocketing medical costs in their home countries. Traveler Touch Points Medical tourism has undergone massive developments despite the minimal healthcare costs sought by travelers. Abubakar and Ilkan (2016) explain that Cuba emerged as the first economy to imposed deliberate frameworks of encouraging foreign patients as a strategy of earning foreign exchange. Currently, major economies in Asia such as India, Singapore, Thailand, Taiwan, the Philippines, South Korea and Malaysia have emerged as central destinations for medical travel. Lunt, Horsfall and Hanefeld (2016) attribute the emergence of Asian medical tourism industry to the aftermaths of the financial crisis of 1997. Different destinations attract health tourists for the effective and cost friendly services they provide. For instance, Noree, Hanefeld and Smith (2016) explain that India and Thailand record the highest population of medical tourists in need of serious and high-tech services such as cardiac surgeries, hip and knee replacements. The researchers explain that health clinics in countries such as Argentina and Brazil are highly preferred for cheaper and effective cosmetic surgery services.
Medical Tourism3 On the other hand, Ormond and Sulianti (2017) reveal that Mexican healthcare facilities thrive their enterprises by offering international retirees with cost effective drugs, physician services and dental care amenities. The scholars explain that cash paying uninsured retirees from countries such as the United States and Canada run for the better deals provided in Mexico which include package prices and price quotes that are not offered in their domestic markets. Central Issues India is considered as the most effective contemporary international destination for medical tourists. According to Moghavvemi et al. (2017), India is highly preferred for its ability to avail its clients with the Ayurvedic therapy as an alternative to other complex procedures such as kidney transplants, cosmetic surgery bone marrow transplants, and coronary bypasses. Currently, the country has increased the attractiveness of its healthcare services by upgrading its technological platforms, putting a lot of emphasis on low cost services and reduced patient wait times while incorporating western medical protocols. Crush and Chikanda (2015) explain that most medical tourists prefer India as their destination as they are presented with the comfort associated with the facilities that meet international qualifications. The fact that most of the tourist destinations have incorporated proper strategies of tackling communication challenges has enhanced the attractiveness of most of the targeted healthcare facilities in Asian economies. Lee, and Fernando (2015) reveal that most of the principle corporate hospital chains have increased their levels of attractiveness by implementing ample strategies of recruiting teams of interpreters to offer guidance. For instance, Phuket Hospital in Thailand boasts of its multiple teams of interpreters who offer their services in fifteen languages to over 20,000 medical tourists on a yearly basis. On the other hand, the scholars
Medical Tourism4 explain that the Bumrungrad International Hospital that is based in Bangkok offers employment to over 70 interpreters with 200 surgeons who studied in the United States. Price differentials attributed to the cost of acquiring healthcare services through domestic means and seeking such amenities on foreign soils coupled with the increasing population pressures in western economies act as essential contributors to the increasing number of medical tourists internationally. Wongkit and McKercher (2016) reveal that initially, the Japanese government was unwilling to allow immigration. As a consequence, the country’s healthcare system is faced with immense pressure particularly due to the aging population. The fact that Japan does not benefit from the services of migrant health workers like other developed economies increases he efficacy of the notion of medical tourism. Beladi et al. (2015) reveal that most of the Japanese corporations send their employees to foreign countries such as Singapore and Thailand for annual physical examination. The researchers explain that such a trend emanates from the fact that the savings incurred on medical costs and high quality care provided overseas make the associated airfare inconsequential. On the other hand the scholars explain that patients from Japan prefer the medical services offered in Bangkok since most of the facilities in this economy incorporate exclusive wings targeting Japanese medical tourists. Effectiveness Medical tourists consider the services offered overseas to be highly efficient and cost effective. Lunt, Horsfall, and Hanefeld (2016) explain that while a heart surgery costs over $70,000 in the United States, medical tourists acquiring similar services in healthcare institutions located in Bangalore, India incur a cost of $4500. The researchers further reveal that while open heart surgeries cost $150,000 in the United States, Indian hospitals charge a cost ranging between $4000 and $10,000. On the other hand, the cost of cosmetic surgeries in Asian
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Medical Tourism5 economies is about a quarter of that charged among medical facilities in Western economies while face lifting in Costa Rica is about a third of that charged in Britain and less in South Africa. Lunt, Horsfall, and Hanefeld (2016) explain that while privacy could not be necessarily considered as a crucial aspect in the provision of healthcare services, hair grafting clinics in Mauritius foster optimal levels of discretion when dealing with people of international fame. In conclusion, medical tourism is one of the fastest advancing industries across the globe. Clients drawn from Western economies resort to overseas remedies for their health condition as a result of the sky rocketing medical costs in their home countries. Price differentials attributed to the cost of acquiring healthcare services through domestic means, efficiency of the services offered by overseas medical institutions, availability of support services and higher levels of privacy account for the rapid growth revealed in this industry.
Medical Tourism6 References Abubakar, A.M. and Ilkan, M. (2016). Impact of online WOM on destination trust and intention to travel: A medical tourism perspective.Journal of Destination Marketing & Management,5(3), pp.192-201. Beladi, H., Chao, C.C., Ee, M.S. and Hollas, D. (2015). Medical tourism and health worker migration in developing countries.Economic Modelling,46, pp.391-396. Crush, J. and Chikanda, A. (2015). South–South medical tourism and the quest for health in Southern Africa.Social Science & Medicine,124, pp.313-320. Fetscherin, M. and Stephano, R.M., 2016. The medical tourism index: Scale development and validation.Tourism Management,52, pp.539-556. Han, H. and Hyun, S.S. (2015). Customer retention in the medical tourism industry: Impact of quality, satisfaction, trust, and price reasonableness.Tourism Management,46, pp.20-29. Lee, H.K. and Fernando, Y. (2015). The antecedents and outcomes of the medical tourism supply chain.Tourism Management,46, pp.148-157. Lunt, N., Horsfall, D., and Hanefeld, J. (2016). Medical tourism: A snapshot of evidence on treatment abroad.Maturitas,88, 37-44. Noree, T., Hanefeld, J., and Smith, R. (2016). Medical tourism in Thailand: a cross-sectional study.Bulletin of the World Health Organization,94(1), 30.
Medical Tourism7 Ormond, M. and Sulianti, D. (2017). More than medical tourism: lessons from Indonesia and Malaysia on South–South intra-regional medical travel.Current Issues in Tourism,20(1), pp.94-110. Moghavvemi, S., Ormond, M., Musa, G., Isa, C.R.M., Thirumoorthi, T., Mustapha, M.Z.B. and Chandy, J.J.C. (2017). Connecting with prospective medical tourists online: A cross- sectional analysis of private hospital websites promoting medical tourism in India, Malaysia and Thailand.Tourism Management,58, pp.154-163. Wongkit, M. and McKercher, B. (2016). Desired attributes of medical treatment and medical service providers: A case study of medical tourism in Thailand.Journal of travel & tourism marketing,33(1), pp.14-27.