Home » Insurance » Evolution of Medical Tourism

Evolution of Medical Tourism

August 8th, 2017 Insurance
It’s been a while since we looked at medical tourism in-depth, although we did mention it yesterday when we noted that upwards of 60,000 Candians sought care outside that country’s failing government-run health scheme.

And, perhaps more to the point, we reported in January that the “cost of international private medical insurance is climbing globally, with an inflation rate of 9.2 percent reported for 2016.”

And, of course, the ACA has been steadily chipping away at physicians’ incomes here at home.

Okay, Henry, very interesting, if disparate, items. What’s your point?

Well, FoIB Dr Valerie Jones alerted us to this rapidly growing opportunity that uses virtual medical tourism to help boost actual physician income:

This Startup Connects U.S. Doctors with Patients in China … that deal in the domain of telemedicine, sometimes called telehealth, which uses technology to remotely connect doctors and patients otherwise separated by physical distance.”

After all, what difference does it make if the patient is 10 miles away, or 6000? Other than the slight inconvenience of time-zone shifting, why not? And it’s certainly a potential money-making powerhouse:

Estimates on telemedicine’s market size vary  … projects it will more than double from $ 25.53 billion in 2015 to $ 57.92 billion in 2020.”

That’s a lot of revenue for a few minutes on the phone (or Skype, etc).

Telehealth itself isn’t all that new, but this application of it seems to be burgeoning. Definitely something to keep an eye on.

>>Insurance Books (Completed)


Related Post to Evolution of Medical Tourism

Promoting the ObamaTax

July 26, 2013
We’ve been wondering for a while now, why – if the ObamaTax is such a grand bargain – is it necessary to advertise it so heavily, and to enlist everyone from Sheriff Andy to...

Simply Irresistible

May 18, 2017
Blogging on the latest from the DC Rocket Surgeons©. Effective mid-June, new rules from the folks at CMS go into effect, two of which stand out as (unintentionally?) hilarious. First, the issue of “Guaranteed...

In local news: Hospital’s Medicare funding at risk

September 19, 2015
Co-blogger Bob V alerts us to this disturbing news: “Miami Valley Hospital is in jeopardy of losing Medicare funding after an investigation found nursing staff failed to respond to a patient’s heart monitor alarm...

Ms Kathy has Sgt Schultz Syndrome

April 10, 2014
Just a reminder that, two weeks after the (ostensible) end of Open Enrollment, Ms Shecantbesrious still can’t (or won‘t) say how many of the “billions and billions” who signed up were simply victims of...

Are They on Crack?

August 6, 2014
The folks in DC push Medicare as if it is the greatest thing since sliced bread. Medicare is put forth as a cost efficient alternative to traditional health insurance.  (They used to hold up...

Nothing like a hard and fast deadline…

December 16, 2014
At 1:51 this afternoon, an email arrived from CoveredCA keeping enrollment open until Midnight, December 21.  I’m not really surprised, given the number of error messages I saw while trying to enroll people.  URGENT! You...