Medical Tourism: Emerging Phenomenon in Health Care Industry
Source: Deloitte LLP

The impact of dramatically rising U.S. health care costs is prompting increasing numbers of consumers to consider outbound medical tourism as a viable care option. In 2007, an estimated 750,000 Americans traveled abroad for medical care; this number is anticipated to increase to 6 million by 2010. Concurrently, inbound medical tourism and medical tourism across state lines continue to present opportunities for specialty hubs offering treatments unavailable elsewhere in the world or in a community setting.

Medical Tourism: Consumers in Search of Value, a new paper from the Deloitte Center for Health Solutions, part of Deloitte LLP, examines the growth of medical tourism: the hot spots for outbound and inbound programs and factors important to the attractiveness of both.

Deloitte’s 2008 Survey of Health Care Consumers explored the consumer’s outlook on medical tourism. The survey discovered medical tourism is set to explode in growth over the next three to five years.

As patients are exposed to greater financial burdens resulting from higher copayments and price transparency efforts, they are likely to seek low-cost treatment alternatives such as medical tourism. This, in turn, has major implications for health care providers, health plans, employers, regulators and policymakers.

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This entry was posted on Thursday, August 7th, 2008 at 7:50 pm and is filed under Consumer issues, Health and healthcare, Transportation and travel. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.