Update and implications 2
Medical tourism has transitioned rom a cottage industry to an acceptable alternative or electivecare that’s sae and cost eective i coordinated by reputable health plans and providers.Medical tourism represents an important option or patient populations who need care but lackadequate out-o-pocket unds to aord a procedure in the U.S., or those who seek lower pricesor purposes o savings. These patients pursue medical tourism options systematically – throughweb searches, patient blogs and direct contact, and through their health plans and employersor assurance o saety. Increasingly, they work with U.S.-based reerral physicians pre- and post-procedure to assure optimal outcomes and appropriate ollow-up; the emergent technologieso distance medicine combined with insurance coverage or certain low-risk procedures providea backdrop or healthy growth in this sector.With health care costs increasing at six percent per year or the next decade, and medicaltourism oering savings o up to 70 percent ater travel expenses, we anticipate that theindustry will recover rom the current economic downturn and attain 35 percent annual growthin coming years.The concept o “value” in health care is not new. Medical tourism represents anothermechanism or value purchasers o health care services.Respectully,Paul H. Keckley, Ph.D.Executive DirectorDeloitte Center or Health Solutions
As used in this document, “Deloitte” means Deloitte LLP. Please see www.deloitte.com/us/aboutor a detailed description o the legal structure o Deloitte LLP and its subsidiaries.