Posts Tagged ‘currency exchange rates’

A Health Holiday Along With Low Cost Medical Care

July 12th, 2011

The modern trend in privatization of health services is medical tourism, which is gaining importance in developing countries. Medical tourism, as the practice is known, is speedily becoming the top choice for consumers who make out with heavy medical bills. Patients who might normally experience some sort of medical treatments in the United States, usually an expensive surgical procedure, instead fly to the Bangkok, Thailand or other countries to have the medical procedures done there. As a result, they save an large amount of money. Offshore medical treatment can be performed for as little as one-tenth the cost of what would normally be charged here in the United States.

Medical tourism mainly intends to travel to foreign countries to get medical, dental, and surgical treatment. At the same time they could also tour, and fully feel the attractions of the countries they visit. Outrageous costs of healthcare in industrialized nations, ease and affordability of international travel, pleasing currency exchange rates in the global economy, speedily improving technology and standards of care in many countries of the world, and most importantly proven safety of healthcare in select foreign nations have all led to the arise of medical tourism.

Medical tourism is actually thousands of years old. It has grown to remarkable scale in just a few years, and is planned to continue growing steeply according to studies by the World Bank. In financial terms, experts calculated that medical tourism could bring India as much as $2.2 billion per year by 2012. Major centers for medical tourism are Malaysia, Philippines, Thailand, Bangkok and Phuket. Medical tourism has now become a booming industry in these countries.

More and more people travel abroad due to low-priced, pleasurable, and safe alternative to having medical, dental, and surgical procedures done in their home countries. Yet, for growing numbers of travelers, the entice of combining low-cost medical care with attentive room service is a major reason for packing a bag and boarding a plane. The key “selling points” of the medical tourism industry are its “cost effectuality” and its mixture with the attractions of tourism. The latter also uses the ploy of selling the “exotica” of the countries involved as well as the packaging of health care with traditional therapies and treatment methods.

Medical tourism India is a developing concept whereby people from world over visit India for their medical and relaxation needs. Most common treatments are heart surgery, knee transplant, cosmetic surgery and dental care. The reason India is a hot-spot destination is because of its infrastructure and technology in which is in par with those in USA, UK and Europe. India has some of the best hospitals and treatment centers in the world with the best facilities.

Health Care Tourism: In Search of Vacation And Surgery

April 2nd, 2011

Medical Tourism is the practice of traveling abroad to avail medical, dental, or surgical care. The demand for offshore treatment is all set to redefine the landscape of medical practice. As the average life span has seen an increase in the affluent societies, individuals have been compelled to resort to alternative methods to take an economic approach. Added to it are combinations of various factors, such as:

· Exorbitant costs of healthcare in industrialized nations

· The ease and affordability of traveling abroad

· Favorable currency exchange rates

· Rapidly improving medical technology and standards of care

· The ever-growing popularity of Internet

All these have led to the growth of the medical tourism market.

The horizons of health tourism are no more limited to traditional holiday destinations such as France and Spain. Eastern Europe has seen a huge increase in people arriving for treatment, particularly Poland, Hungary and the Czech Republic, while Britons are traveling to places as far-flung as Latin America, South Africa and South East Asia. With patients willing to travel across the globe to get treatment sooner and more cheaply than they could at home, healthcare institutions see a huge market for their services.

However, people traveling to far-off land should take necessary precautionary measures. They need to check out the doctors and hospitals before they part with any money. The Internet is a vast resource carrying information about practitioners’ skills and experience and the amenities available at the various healthcare institutions. Patients should also find out whether language can pose any problems or not. A thorough cost comparison is also an important issue to be put into the agenda. While there are some horror stories and quacks, the data are sparse and the evidence does not support any broad-based significant increase in risk.

India has emerged as one of the forerunners in facilitating medical tourism in the country. Now it is among the well-known nations throughout the world for high quality, low cost health care. Its health care system–with well-equipped modern clinics and hospitals, and medical personnel trained in the finest international teaching centers–provides excellent medical service to patients from abroad. Whether for elective procedures like cosmetic plastic surgery, dental surgery or life saving operations like bypass and heart transplants, the Indian healthcare community is experienced and ready to help.

Health tourism centers/clinics are actively seeking First World ”customers” by increasingly pursuing and adopting American and other international best practices to maintain the quality of services. With a large pool of highly trained doctors and low treatment prices, healthcare aims to replicate the Indian software sector’s success. Healthcare institutions in India are built on huge areas of land often acquired at low rents from ambitious authorities seeking to promote business. These new and sleek medical centers of excellence offer developed world-class treatments at developing world prices.