The Flow of Overseas Patients to the Cost-Effective Healthcare Centers

The Flow of Overseas Patients to the Cost-Effective Healthcare Centers
The Flow of Overseas Patients to the Cost-Effective Healthcare Centers
April 11, 2016

With the rapid progress of medical technology and communication technology, people throughout the world can gather information about the latest development in any related issue within no time. As a result, the number of foreign medical tourists is getting increased in several developing countries day by day. There are various internal and external reasons behind the flow of so many US and European medical tourists setting out for India, Thailand, Singapore and Malaysia.

Why Foreign People Go to Developing Countries for Treatment

The most prominent cause of their interest in getting health care from these cheap nations is the standard medical facilities and quality service recently available here at a very affordable rate. The most prominent reasons behind high expenses in medical service in the western nations that lead them to fly to the developing countries for cheap healthcare service are their administrative costs, drug costs, defensive medicine, expensive mix of treatment, wages and work rules and branding.

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The Real Condition of Medical Service in the West

Healthcare in the developed nations like USA, UK and few other European nations costs twice, thrice and in some cases five times as much as the developing nations. In the words of a Harvard Economist Harvard Cutler, “The administrative costs of running our healthcare system are astronomical. About one quarter of healthcare cost is associated with administration, which is far higher than in any other country.” People who cannot afford these high costs for treatment look for the alternatives and plan for medical tourism, of course, to a country reputed for quality healthcare at an affordable rate.

Cost-Efficient Medicare in Several Developing Nations

During the last decade the number of overseas patients visiting the three top healthcare providing nations- Thailand, Singapore and India are getting increased overwhelmingly. They have already overcome most of their deficiencies in health sectors such as world class medical facilities, trained doctors, advanced diagnosis formulae, digital services etc to a certain degree. And the most striking thing is the unbelievably cheap healthcare facilities offered by these nations in comparison with the developed countries. Alexander Yakovlev, a Russian engineer, says:”If Russians knew that the same India has hospitals comparable to those in the West, many of them would be flying out to India, not Europe.”

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Equivalent Medical facilities in Respective Fields

According to the reports of WHO and The Commonwealth Fund, healthcare in these nations are one of the best but they are never in the top of the list for certain significant reasons. Many healthcare centers and hospitals in Thailand and India offer almost equivalent medical service to the USA and UK at an astonishingly cheap cost. For example, a bypass grafting can cost you between Rs 7 Lac and Rs 15 Lac in any western hospital while in India; the same surgery may require just Rs 1.3 Lac. Cardiac Imaging in the West is twice or even thrice as expensive as in India. Organ transplants are possible at only 25% of the total cost in the West, without sacrificing quality.

Passion for Medical Tourism

Medical tourism to the third world countries has become a passion for the western people. In addition to the cost effectiveness, many other attractions are there for those who love traveling abroad and also who like to enjoy the opportunity of continuous home service for quality treatment. After all, the foreign patients are crowding these healthcare centers mainly for cheap medical facilities.

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The highlights of the article

  • Many US and European medical tourists setting out for Asian countries.
  • Standard medical facilities and quality service recently available here at a very affordable rate.
  • Positive factors – administrative costs, drug costs, defensive medicine, wages and work rules.
  • But in the western countries, the same treatment is even five times expensive.
  • People who cannot afford these high costs for treatment look for the alternatives.
  • Thailand, Singapore and India has world class medical facilities.
  • And also trained doctors, advanced diagnosis formulae, digital services.
  • Believe it or not, India has hospitals comparable to those in the West.
  • Medical tourism to the third world countries has become a passion for the western people.

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