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TRANSCRIPT
PRESENTED BY
Victor Lazzaro, Jr., CEOFeb. 2009
U.S. & International Medical Tourism
University of California - Irvine
PresentationOverview
PresentationOverview
Medical Travel a.k.a Medical Tourism
Medical Travel 2008
Trends and Outlook
Impact on HealthCare in the US
Medical Travel History
How & Why did it begin?
Market Facts
• 500,000 Americans crossed the border for treatment in 2005. National Center for Policy Analysis (NCPA)
• 500,000 – 700,000 patients a year and savings on the order of $20 billion. McKinsey Report 2008
• Cost Advantage for Medical Tourism is 28-88%. Deloitte Center for Health Solutions
Benefits of Medical Travel
Benefits of Medical Travel
Significant Savings
High Quality
Transparent Costs
Complements Consumerism
Medical Travel challenges
Medical Travel challenges
Quality of institutions
After care coordination
Malpractice
Accreditation
• Joint Commission International, based in the U.S., is a division of Joint Commission Resources (JCR) and a subsidiary of the Joint Commission designed to improve and regulate the quality and safety of healthcare services.
• About 200 and growingforeign hospitals now accredited
BridgeHealth International Centers of Excellence
Additional locations in Europe and elsewhere are under evaluation.
•Brazil
•China
•Costa Rica
•Hong Kong
•India
•Mexico
•New Zealand
•Puerto Rico
•Panama
•Singapore
•South Korea
•Taiwan
•Thailand
•Turkey
•U.S.
U.S. & International Locations
Medical & Dental Procedures
Medical & Dental Procedures
• Gastroenterology
• General Surgery
• Gynecology
• Infertility
• Internal Medicine
• Neurosurgery
• Oncology (selective)
• Ophthalmology
• Cardiology
• Cardiothoracic
• CyberKnife® (cancer)
• Dental
• Detox/Rehab
• ENT
• Executive Health Physicals
• Orthopedics
• Pain Management
• Pediatrics
• Plastic andReconstructive Surgery
• Urology Male/Female
• Vascular
• Weight Loss/Obesity Surgery
Care CoordinationCare CoordinationConsultation with Travel Care Coordinators
HIPAA compliant, including medical records
Coordination of pre-travel communications are made for client to host country hospital and physician
After care needs can be coordinated
Client outcomes are tracked and monitored
All-InclusiveTransparent Pricing Plan
All-InclusiveTransparent Pricing Plan
Which Includes:
Surgery/procedure costs Airfare Lodging Transfers 24/7 Concierge Service
Sample Benefit Design & SavingsSample Benefit Design & Savings
HYPOTHETICAL COMPANY EXAMPLE: CURRENT INT’L INN
INN BENEFIT SAVINGS to Employer* 0 $41,000DEDUCTIBLE $1,000 WAIVEDCOINSURANCE 80/20 WAIVEDMAX. OUT OF POCKET $5,000 WAIVEDADD’L BENEFITS: TRAVEL INCENTIVE N/A $3,000 Travel costs, air & hotel N/A $4,000 Partner air N/A $2,000
* Hip replacement done in Asia: U.S. cost ~ $50k, Int’l cost ~$9,000Cost to the Employer: $14,000 ($5k OOP, + $9k incentives & costs)
Net Savings to Employer: $27,000.
A Domestic Network would yield savings in between.
Who is interestedWho is interestedBrokers & Consultants
Insurance Companies
Union trust funds
ASOs
Self-insured companies
TPAs
Reinsurers
Individuals
Ideal forIdeal for Self Insured Plans
Fully Insured for uncovered benefits Dental Care Cosmetic Bariatric Surgery Infertility
Limited Benefit Plans
Procedures not available in U.S - Stem Cell
Timely access to care - Canada & UK wait times
The American healthcare system has become so expensive that companies are dropping coverage.
Healthcare is virtually unaffordable for those without insurance.
American businesses are increasingly unable to compete in a global marketplace due to high costs of health insurance.
The declining current world economies
OpportunityOpportunity
• Reduce corporate costs
• Reduce employee costs
• Sustain or increase benefits
• Offer a new innovative service
•More U.S. competition & transparency
Medical Travel Forecast
Contact InformationContact Information
Cade Ross, Account [email protected]
O: 303.457.5770C: 720.231.8780
www.BridgeHealthInternational.comThe Trusted Bridge to World-Class Healthcare
Víctor Lazzaro, Jr., [email protected]
O: 303.457.5725C: 303.358.0300