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Advantages medical tourism essay
Advantages medical tourism essay
Advantages medical tourism essay
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Globalization of Healthcare As developed countries struggle to provide efficient and affordable healthcare for their citizens, medical tourism has increasingly become common practice among tourists that cross international borders to developing countries seeking medical treatment. The following review will examine three current articles from various trade journals by scholars in economics, tourism and business with supporting and opposing arguments for medical tourism. The objective of this literature review is to identify the ramifications of medical tourism on the host developing economy, evaluate the advantages and disadvantages, as well as determine whether the globalization of healthcare is merely a business or does in fulfill a common …show more content…
Especially when a required treatment is not available, or is only partially covered by health insurance, it is simply favorable for a patient to be treated abroad. Also, the leisure activities often associated with visiting a foreign country can be had, before and after receiving treatment. Conversely, the appeal with medical tourism has its health disadvantages. Post-operative complications and the possibility of contracting foreign hospital-borne diseases can certainly compound to the initial cost of treatment. Also, follow-ups can sometimes only be performed by the medical team abroad, which can easily lead to further travel expenses. Thus, Freire is keen to state, “The first thing, which it is advisable to remind, is that the zero risk does not exist in General Medicine and even less in surgery, independently of the country where the intervention is realized” …show more content…
Therefore, medical insurance companies have now started covering medical travel as part of healthcare packages. Medical tourism lends to opportunities of economic development, thus, various governments have been actively involved with the promotion of medical tourism as international fairs or press campaigns. As an example, “Other countries offer economic stimulants: India has untaxed contracts for hospital investments and special visas for medical tourism for their foreigners” (Patrichi and Dodu, 2014). Therefore, medical tourism has transformed into a business as result of becoming a global
The revenue of the healthcare industry unlike any other depends on the inpatient occupancy or ALOS(average length of stay), the volume of outpatient visits and procedures, the services ordered for the inpatients and outpatient. For CHS the majority of its revenue comes from Managed care and other insurers ( apart from govt. insurance) with 54.5%, after which comes the gover...
As healthcare costs continue to escalate in the United States, employer healthcare plans are looking for alternatives pricing plans to lower healthcare insurance costs for their employees. Blue Ridge Paper Products (BRPP) is one company in Canton, North Carolina who is attempting to decrease healthcare costs for their employees by offering health promotion incentives and more cost effective provider reimbursement options (McLaughlin & McLaughlin, 2008). McLaughlin and McLaughlin (2008) explain while the health promotion strategies they have instituted have been successful at lowering BRPP’s healthcare claims, they have found it difficult to negotiate lower costs with local healthcare providers. In this paper, I will discuss possible consumer and provider bargaining strategies with regarding to lowering healthcare costs; the benefits of a large academic medical center and a large tertiary community hospital; and finally, how medical global tourism will affect state and national healthcare policies.
Dianne is a single woman who has just graduated from nursing school. She has always loved traveling the United States, meeting new people, and experiencing new cultures. Dianne wonders how she can be successful with her career as a nurse but still get to do what she loves. Before settling down and establishing a career in one particular hospital or clinical setting, Dianne is trying to figure out a way to experience something new in the medical field. She has researched and is considering travel nursing. Travel nurses are nurses who are hired to typically contract to work specific periods in one location and then move around the country, depending on where they want to go and where they are needed; this is an opportunity many new nurses are
The globalization of trade is predominantly relevant for health services that have become a commodity that can be traded in distinct ways. Primarily, health services can be provided across countries. Examples of this include a range of telemedicine tools like tele-diagnostics and tele-radiology as well as medical consultation through traditional and electronic methods. Secondly, patients can travel overseas/abroad to obtain health care or use certain facilities available elsewhere (Pang, 2004).
... not, or close to nothing, for a medical visit. Being free, or almost free, more people will visit these medical systems, gaining a familiarity with it and building a better trust of western models (medicine, education, living, etc.). Also being free, more people will have more money with which they can stimulate the economy and afford better living conditions.
Many developed countries in Europe and the west which are facing a severe dearth of doctors are trying to tackle this problem by bringing in health care professionals from other countries. In a survey it was found that
When someone gets sick or injured they expect to receive medical care, whether it be as a public or private practice. We tend to think that most everyone has some type of health insurance to cover the expensive costs of medical care but in reality there are many who cannot afford such. The universal challenge has been how to get medical coverage for everyone around the world, but is this ideal too radical? Each country has its own pros-and-cons with health care plans. The United States, among others, have just recently reformed our own. There are many types of medical coverage around the world that still face the endless rising costs, as well as the lack of accessibility to public and/or private health care. Here, we will look at other countries to see how the medical coverage models they have adopted have helped improve their own health care and how these same models could potentially improve our own.
Proper health is not a luxury but an essential service which ensures people are able to work efficiently. It is the duty of the government to make sure that its citizens can access the necessary healthcare services regardless of their financial status or location. Therefore, the government has put in place healthcare policies which ensure that every citizen is able to access the facilities efficiently (Boltyenkov, 2015). The policies in the healthcare system keep changing now and then depending on the economy of the country. The economy greatly influences the distribution and quality of healthcare services. When a country has a good economy, most of its citizens are likely to afford most services at an affordable rate (Boltyenkov, 2015). However,
Half of century has gone since ‘tourism boom’ began in 1960s (Tirados, 2011). Nowadays, desire to be a tourist is virtually universe which has made tourism become a central element of globalization. The profit brought from tourism is something that we cannot deny however everything has its two sides which are good and bad, advantages and disadvantages or positive and negative. Thailand is a great example to find out the advantages and disadvantages of the development of tourism impact on the country.
Healthcare is dependent on different markets such as education, institutional, pharmaceutical, labour and so on. Role of the education market is to decide, how many medical professionals are trained every year and how many of them ae available for providing the healthcare, the price in this market seen in terms of tuition and other
Many people are scared to visit hospitals or clinics these days. Why is this? It could be from the inherent fear of being sick, however, it mainly comes from the fear of receiving the bill after the visit. The issue that is taking a toll on the nation is the rising cost of medical services. The main reasons for the increase in healthcare cost are increased hospital costs, unhealthy lifestyles, the focus on curative measures, and medical advances. However, all of the causes can be solved with one solution, focusing on preventative medicine.
The healthcare industry of the Bahamas is divided into two sectors, public and private health care. There are five hospitals, which includes two private hospitals and three public hospitals, and numerous public community clinics along with the many private facilities through which medical services are rendered (Doctors Hospital, 2009). The Princess Margaret Hospital, which is the main public facility, according to Smith (2010) in 1905 was people’s last choice when seeking medical attention. Smith described the then hospital as being partitioned into four areas, “for the sick, indigent, lepers and insane” (Smith, 2010). Smith (2010) further expressed that the medical services were free and those that were financially stable paid for treatment to be carried out at their homes. Today, 108 years later, much has changed within health care arena. Presently, there is an increase in the number of persons resorting to the public hospitals and public clinics for medical attention. For those that are in good financially standings they make use of private hospitals or/and other private medical facilities. While some people may use the public medical facilities by choice there are others whom, because of their income or lack of income, have no other alternative but to fall at the hands of the public services. Too, for many years the Bahamas has had the problem of immigrants from Haiti crossing the Bahamian borders illegally and this therefore results in an increase in the funds allocated for the health care industry. According to McCartney (2010) the Haitian nationals accounted for 11.5% of the Bahamas population, hence adding to the government health care budget (McCartney, 2013). The reality is that the Bahamas is far from winning...
Introduction Healthcare is a challenge for all nations. Not only developing countries but also developed countries are struggling to develop good and appropriate healthcare system. It is well-aware that as the nations’ economy improve, the healthcare system improves as well. Still what is less likely be understood is that improving healthcare system can lead to economic growth as a result of more people become able to participate productively in the workforce. Many countries are spending the large proportion of their budget on healthcare system.
The number one rapid booster for a countries economy comes from health care. Country the has strong foundation system of healthcare will boost the industry, attract and keep people involved and also create new jobs in the society. The healthcare sector is created using various industries that range from pharmaceuticals to health insurers and hospitals. Each industry is made up of many different dynamics. As the healthcare sector has different dynamics, investments are a major variable to this sector. Investments can either go positive or negative from a ray of demographics to reimbursements. In addition, Healthcare has an important role in the countries’ politics, verifies the countries Gross Domestic Product (GDP). Along with the sector of
While medical tourism is often generalized to travel from high-income countries to low-cost developing economies, other factors can influence a decision to travel as well, including diferences between the funding of public healtcare or general access to healthcare.