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  • Maine doctors ditch insurance, offer monthly subscriptions for primary care April 23, 2014
    Dr. Michael Ciampi of Bangor, Maine stopped taking insurance last year. Now, along with the fee-for-service practice model, he has added a subscription option.  A monthly fee covers all office visits from physicals to diagnostic testing to minor in-office procedures.  …
  • Haggling for Health Care April 21, 2014
    There are new ways to cut your medical costs dramatically. John BenJohn of New York placed a request for nasal polyp surgery on MediBid and had no outstanding bills or hidden charges after the procedure. After placing a procedure request, …
  • Are Eggs Good for You? 30 Reasons to Eat Eggs April 18, 2014
    Eggs have gotten a bad rap in the past and unfortunately, many today still believe the wide spread misinformation. Are eggs good for you? Do they cause heart disease? Do they raise cholesterol? Should I avoid them? Depending on who …
  • The Commercial Gym – A Little House of Horrors April 16, 2014
    by Lee Kurisko, MD I’m was on vacation a week ago in Florida.  I was more than happy to vacate Minnesota that week.  Despite being the first week of April, Minnesota is still getting snow.  My kids are teenagers so …
  • The Difference Matters: Dick Morris Interviews Jan Iverson April 15, 2014
    Jan Iverson speaks to Dick Morris, on April 14, 2014, about citizen-led efforts to hold Hillary Clinton accountable for the Benghazi cover up.
  • Arkansas Surgical Hospital Ranked Among Most Affordable in Statewide Study April 14, 2014
    San Francisco (April 9, 2014) – NerdWallet Health, a website that empowers consumers to make better decisions about healthcare and insurance, has found the ten most affordable hospitals in Arkansas – and North Little Rock-based Arkansas Surgical Hospital ranks sixth. …

Medical Tourism — Traveling for Timely Medical Care

Medical Tourism

…is the term which generally refers to patients who travel abroad for medical care. The biggest reason for medical tourism is cost savings. Sometimes patients in countries with government controlled health plans travel abroad because they cannot get timely medical care in their home country due to medical or surgical waiting lists.

Deloitte has produced two different studies on medical tourism. In the first, they predict that by the year 2017 between $228 billion and $599.b billion per year of medical care will leave the US and be performed abroad. In another study, Deloitte predicts that medical tourism will grow at a rate of 35% per year.

Medical tourism facilitators often charge a percentage of the procedure. This percentage is usually between 20% and 40%, but can be as high as 300%. Often the medical tourism facilitator earns more than the surgeon. Medical tourism facilitators often compare US prices to overseas prices, claiming that by having the procedure performed overseas, patients can save up to 75%.

Overseas facilities can save patients a lot of money on medical care, however these savings are sometimes eroded by large kickbacks paid to medical tourism facilitators. Overseas facilities often look like 7-star resorts, and you can make your medical care a medical vacation for you and your family. Overseas facilities can sometimes offer procedures not available in your home country, and their surgeons are usually US or UK board certified, which means they have met the same standards as back home. Overseas facilities are also often JCI certified, meaning the hospital has met rigorous standards similar to those in the US. Overseas medical facilities usually have lower overhead since they often do not have to bill multiple third party payers based on different pay schedules, and they are usually not exposed to malpractice risks and costs.

MediBid has found many doctors, hospitals, and surgery centers in the US that operate efficiently and are willing to pass these savings on to patients. Often these doctors and facilities have rates that are 75% lower than the rates that billed to insurance companies. This is known as domestic medical tourism, and often these hospitals can compete head to head with overseas facilities. Often you can save by shopping for health care across state lines. Having overseas hospitals and domestic hospitals compete head to head on the same portal means that YOU will save more money.

Medical Tourism occurs both globally and domestically. At the end of the day, it’s about competition and choice in health care.

To make a request for a medical procedure click here.

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