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U.S. & International Medical Tourism University of California - Irvine PRESENTED BY Victor Lazzaro, Jr., CEO Feb. 2009 Presentation Overview Medical Travel a.k.a Medical Tourism Medical Travel 2008 Trends and Outlook Impact on HealthCare in the US Medical Travel History How & Why did it begin? Market Facts • 500,000 Americans crossed the border for treatment in 2005. National Center for Policy Analysis (NCPA) • 500,000 – 700,000 patients a year and savings on the order of $20 billion. McKinsey Report 2008 • Cost Advantage for Medical Tourism is 28-88%. Deloitte Center for Health Solutions Benefits of Medical Travel Significant Savings High Quality Transparent Costs Complements Consumerism Medical Travel challenges Quality of institutions After care coordination Malpractice Accreditation • Joint Commission International, based in the U.S., is a division of Joint Commission Resources (JCR) and a subsidiary of the Joint Commission designed to improve and regulate the quality and safety of healthcare services. • About 200 and growing foreign hospitals now accredited BridgeHealth International Centers of Excellence U.S. & International Locations • Brazil • Mexico • South Korea • China • New Zealand • Taiwan • Costa Rica • Puerto Rico • Thailand • Hong Kong • Panama • Turkey • India • Singapore • U.S. Additional locations in Europe and elsewhere are under evaluation. Medical & Dental Procedures • Cardiology • Gastroenterology • Orthopedics • Cardiothoracic • General • Pain Management • CyberKnife® • Gynecology • Pediatrics • Infertility • Plastic and (cancer) • Dental Surgery Reconstructive Surgery • Detox/Rehab • Internal Medicine • Urology • ENT Male/Female • Neurosurgery • Vascular • Executive Health Physicals • Oncology (selective) • Weight • Ophthalmology Loss/Obesity Surgery Care Coordination Consultation with Travel Care Coordinators HIPAA compliant, including medical records Coordination of pre-travel communications are made for client to host country hospital and physician After care needs can be coordinated Client outcomes are tracked and monitored All-Inclusive Transparent Pricing Plan Which Includes: Surgery/procedure costs Airfare Lodging Transfers 24/7 Concierge Service Sample Benefit Design & Savings HYPOTHETICAL COMPANY EXAMPLE: SAVINGS to Employer* DEDUCTIBLE COINSURANCE MAX. OUT OF POCKET ADD’L BENEFITS: TRAVEL INCENTIVE Travel costs, air & hotel Partner air CURRENT INN 0 $1,000 80/20 $5,000 INT’L INN BENEFIT $41,000 WAIVED WAIVED WAIVED N/A N/A N/A $3,000 $4,000 $2,000 * Hip replacement done in Asia: U.S. cost ~ $50k, Int’l cost ~$9,000 Cost to the Employer: $14,000 ($5k OOP, + $9k incentives & costs) Net Savings to Employer: $27,000. A Domestic Network would yield savings in between. Who is interested Brokers & Consultants Insurance Companies Union trust funds ASOs Self-insured companies TPAs Reinsurers Individuals Ideal for Self Insured Plans Fully Insured for uncovered benefits Dental Care Cosmetic Bariatric Surgery Infertility Limited Benefit Plans Procedures not available in U.S - Stem Cell Timely access to care - Canada & UK wait times Opportunity The American healthcare system has become so expensive that companies are dropping coverage. Healthcare is virtually unaffordable for those without insurance. American businesses are increasingly unable to compete in a global marketplace due to high costs of health insurance. The declining current world economies Medical Travel Forecast • Reduce corporate costs • Reduce employee costs • Sustain or increase benefits • Offer a new innovative service • More U.S. competition & transparency Contact Information www.BridgeHealthInternational.com The Trusted Bridge to World-Class Healthcare Cade Ross, Account Executive [email protected] O: 303.457.5770 C: 720.231.8780 Víctor Lazzaro, Jr., CEO [email protected] O: 303.457.5725 C: 303.358.0300