meditour expo las vegas talk
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Presentation on medical travel and global careTRANSCRIPT
Arlen D Meyers, MD, MBAwww.medvoy.com
www.careconnectix.com
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
MEDICAL travelTHIS
Not, medical TRAVELNot, this
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
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
The Old Model
The New Model
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
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.
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%)
Themes: Medical Travel IndexCommoditization of careHigh volume, low costDigitally integratedReal estate appreciationAging demographicsMinimal geopolitical riskGlobal diffusion of innovative technologiesTelemedicine and telehealth functionality
Medical Travel MetricsHow many?Where?For what?Which providers?
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
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
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
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
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
Foreign Healthcare InfrastructureHospitals and systemsAmbulatory surgery centersClinical labs and imaging centersDisease specific treatment facilities like
cancer centers, stem cell centers, etc
Example: Fortis Healthcare
Travel/hospitality infrastructureHotels and Surgical HotelsSpasAirport developmentTourist attractions
Example: Ritz Carlton, CH2M Hill, Bechtel
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
Insurance and travel productsTrip cancellation Follow up careEmergency evacuationProfessional liabilityInfectious disease managementGeopolitical risk insurance
Example: Healthcare insurance products
Medical Travel Supply ChainTravel medicine clinicsMedical travel facilitators and specialty
travel agentsMedical concierge ground operatorsCurrency exchange risk managers/FX
risk funds
Example: Medvoy
Real Estate DevelopmentHealth CitiesEx-patriot retirement communities
Example: Dell Webb
Healthcare CompaniesDrugsDevicesDiagnosticsHealthcare ITService Platforms
Example: Johnson and Johnson
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
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
Thanks and QuestionsContact [email protected]