meditour expo las vegas talk

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Arlen D Meyers, MD, MBA www.medvoy.com www.careconnectix.com

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Presentation on medical travel and global care

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Page 1: Meditour Expo Las Vegas Talk

Arlen D Meyers, MD, MBAwww.medvoy.com

www.careconnectix.com

Page 2: Meditour Expo Las Vegas Talk

What are we talking about?Medical tourism v medical travel v global

care coordination v travel medicine v humanitarian care

Medical travel: Leaving home for careInbound , outbound, domesticWhy?

CostAvailabilityAccessTravelSecrecy

Page 3: Meditour Expo Las Vegas Talk

MEDICAL travelTHIS

Page 4: Meditour Expo Las Vegas Talk

Not, medical TRAVELNot, this

Page 5: Meditour Expo Las Vegas Talk

Telemedicine and medical tourismMedical tourism: 35% CAGR into 2010

(outbound 1.6M)Inbound: 561,000 by 2010220 JCI sites in 2008 (76 in 2005)AMA guidelines on medical tourismwww.medvoy.com

Telemedicinewww.cotelehealth.com

Page 6: Meditour Expo Las Vegas Talk

The Six Legged StoolA sustainable business modelGlobal healthcare IT connectivity and

integrationGlobal referral networksA global regulatory, socioeconomic and legal

ecosystemPatient awareness and acceptanceMeasurements of value= quality/price

Page 7: Meditour Expo Las Vegas Talk

The Old Model

Page 8: Meditour Expo Las Vegas Talk

The New Model

Page 9: Meditour Expo Las Vegas Talk

10 Medical Tourism Trends 1. Global healthcare information exchanges

2. Commoditization of healthcare and the disintermediation of professionals3. eBay mechanism to auction global healthcare services4. Erosion and redefinition of professionalism and ethics5. New healthcare insurance products designed to empower patients

Page 10: Meditour Expo Las Vegas Talk

10 Medical Tourism Trends

6. Changes in global healthcare workforce7. Global quality and price information exchanges and growth of domestic medical tourism8. Growth of programs offering MBA’s in medical tourism9. Evolution of medical tourism nurses and advocates10. Electronic markets offering unused healthcare capacity.

Page 11: Meditour Expo Las Vegas Talk

Deloitte Customer SegmentsContent and Compliant (28.5%)Sick and Savvy (25.3%)Online and Onboard (8%)Shop and Save (2.4%) Out and About (8.2%)Casual and Cautious (27.6%)

Page 12: Meditour Expo Las Vegas Talk

Themes: Medical Travel IndexCommoditization of careHigh volume, low costDigitally integratedReal estate appreciationAging demographicsMinimal geopolitical riskGlobal diffusion of innovative technologiesTelemedicine and telehealth functionality

Page 13: Meditour Expo Las Vegas Talk

Medical Travel MetricsHow many?Where?For what?Which providers?

Page 14: Meditour Expo Las Vegas Talk

Regional Medical Travel by City in Colorado

Aurora can Attract More Patients from

Aspen, Vail etc.

Market Staging Inc.www.MarketStaging.com

Newport Beach, CA

Source: 2009 CHA Discharges

Page 15: Meditour Expo Las Vegas Talk

Regional Medical Travel by Hospital in Colorado

Aurora Hospital can Attract More Patients from Aspen, Vail etc.

Market Staging Inc.www.MarketStaging.com

Newport Beach, CA

Source: 2009 CHA Discharges

Page 16: Meditour Expo Las Vegas Talk

Regional Medical Travel by City in Colorado

More Patients & Families Stay in Aspen or Vail

Patients & Families

Stay Longer in Littleton

Market Staging Inc.www.MarketStaging.com

Newport Beach, CA

Source: 2009 CHA Discharges

Page 17: Meditour Expo Las Vegas Talk

Regional Medical Travel by Hospital in Colorado

Aurora Hospital can Attract More

Patients with Web Visibility

Vail Hospital has 15% More Patients with Web Visibility

Market Staging Inc.www.MarketStaging.com

Newport Beach, CA

Source: 2009 CHA Discharges

Page 18: Meditour Expo Las Vegas Talk

Regional Medical Travel Dimensions:

1) Geography & Distance

2) Costs

3) Quality

4) Visibility

• by patient & medical service

• by market and facility

• data centric & risk adjusted

• branding with web visibility

Market Staging Inc.www.MarketStaging.com

Newport Beach, CA

Page 19: Meditour Expo Las Vegas Talk

Foreign Healthcare InfrastructureHospitals and systemsAmbulatory surgery centersClinical labs and imaging centersDisease specific treatment facilities like

cancer centers, stem cell centers, etc

Example: Fortis Healthcare

Page 20: Meditour Expo Las Vegas Talk

Travel/hospitality infrastructureHotels and Surgical HotelsSpasAirport developmentTourist attractions

Example: Ritz Carlton, CH2M Hill, Bechtel

Page 21: Meditour Expo Las Vegas Talk

Tools and Support CompaniesPlayers in global healthcare information

exchangeData analytics and business intelligenceQuality, price and value determinationsCompanies offering alternative pricing

mechanismsTelehealth and telemedicine

Example: Cisco/Tandberg

Page 22: Meditour Expo Las Vegas Talk

Insurance and travel productsTrip cancellation Follow up careEmergency evacuationProfessional liabilityInfectious disease managementGeopolitical risk insurance

Example: Healthcare insurance products

Page 23: Meditour Expo Las Vegas Talk

Medical Travel Supply ChainTravel medicine clinicsMedical travel facilitators and specialty

travel agentsMedical concierge ground operatorsCurrency exchange risk managers/FX

risk funds

Example: Medvoy

Page 24: Meditour Expo Las Vegas Talk

Real Estate DevelopmentHealth CitiesEx-patriot retirement communities

Example: Dell Webb

Page 25: Meditour Expo Las Vegas Talk

Healthcare CompaniesDrugsDevicesDiagnosticsHealthcare ITService Platforms

Example: Johnson and Johnson

Page 26: Meditour Expo Las Vegas Talk

Global Healthcare Fundswww.fasttrack.net : over 100 funds listed and

comparedUS companies expanding globally

www.seekingalpha.com Country Specific Hospital and Healthcare Philippine Hospital AssociationForeign Hospital Company Stocks

www.thehindubusinessline.com

Page 27: Meditour Expo Las Vegas Talk

Medical Travel PortfolioFortis Healthcare Limited (Bombay Stock

Exchange) Marriott International (NYSE)Cisco Systems (NASDAQ)Lloyds Banking Group (NYSE)American Express Company (NYSE)Johnson and Johnson (NASDAQ)Global Healthcare Mutual FundsBechtel/Halliburton/Fluor

Page 28: Meditour Expo Las Vegas Talk

Thanks and QuestionsContact [email protected]