Category Archives: Reports,Features, Statistics

Affordable Care South of Border: Baja California Sponsors World Medical Tourism & Global Healthcare Congress

Mexico state reaching out to U.S. medical tourism consumers at health travel conference, Sept. 20-24, 2014, in Washington, D.C.

Washington, DC :

Incentivized by challenges from the Affordable Care Act to its north, the Mexican state of Baja California is expanding efforts to increase the flow of medical tourism patients from the across the border in the United States by sponsoring the 7th World Medical Tourism & Global Healthcare Congress, Sept. 20-24, 2014, in Washington, D.C., the Medical Tourism Association® announced today.

“Foreign revenue from some 450,000 medical tourism patients coming to Baja California annually reaches $89 million,” said Juan Benjamin Tintos Funcke, Secretary of Tourism for Baja California. “We continue to improve our medical infrastructure and appeal to health travelers by promoting our 10 hospitals, 600 medical specialists and 12 pharmaceutical chains.”

Funcke said an investment of $15 million pesos to target 15 million medical tourism patients is projected to translate into US$8 million in additional revenue for the Mexican State of Baja California.

“Medical tourism patients traveling from the United States to Baja California will find an exclusive lane for health consumers to cross into Tijuana and Mexicali that speeds up the process to and from,” he said.

Latinos living in the United States encompass a large segment of medical tourism patients traveling into Tijuana and Mexicali for dentistry, optometry, sports medicine and surgeries, according to Funcke. Medical tourism patients are also attracted to inexpensive medications and cosmetic surgeries including liposuction, Botox applications and gastric banding as well as spa services at Rancho La Puerta, considered among the world’s best health resorts.

The World Medical Tourism & Global Healthcare Congress attracts some 3,000 key stakeholders – hospital administrators, doctors and clinicians, employers, government policy makers, insurance executives, facilitators, and hospitality and tourism interests – from across the globe to share their experiences and identify and solve issues that bear significantly on the industry. For a preliminary list of speakers, go to: http://www.medicaltourismcongress.com/speakers_year/2014-speakers/

The Congress agenda features not only the 5th Global Ministerial Summit, but the 3rd Medical Directors Summit, the 2nd Global Women’s Leadership Summit, regional and industry forums, and educational workshops included among more than 1,000 networking meetings for up to 200 qualified buyers of healthcare. Participants, sponsors and invited speakers can keep abreast of Congress updates at www.MedicalTourismCongress.com or make an impact today on the Congress networking platform at http://www2.mtcongress.com/wmtc-networking/

source: http://www.pr.com / PR.com / Home> Press Releases / Washington, DC – September 07th, 2014

Sentoria enters Langkawi with development projects

Kuching :

Sentoria Group Bhd (Sentoria), property developer and operator of Bukit Gambang Resort City (BGRC), has secured two parcels of land in Langkawi with a total land area of 120 acres via two lease agreements signed between its subsidiary, Sentoria Langkawi Sdn Bhd and Lembaga Pembangunan Langkawi (LADA) for a total sum of RM41.38 million yesterday.

The lease agreements were executed in Langkawi earlier today and witnessed by the former Prime Minister of Malaysia, Tun Dr Mahathir Mohamad.

The two parcels of land are strategically located in Padang Matsirat (70 acres) and Mukim Ulu Melaka (50 acres). Both parcels carry a lease period of 90 years.

These agreements will pave the way for Sentoria to develop its fourth resort city, with the other three located in Kuantan, Morib and Kuching, thus enabling the group to expand its business into the North of Malaysia/Langkawi (geographical diversification) and enhancing future recurring leisure and hospitality income to create sustainable growth.

Both sites are situated at a very strategic location, enabling Sentoria to develop a premium resort city and medical village which cater for overseas tourists and investors.

The development would be synergistic to Sentoria’s business and in line with the Langkawi development and tourism plan.

This fourth resort city, to be known as Langkawi Geopark Resort City, will be developed on the 70 acres land in Padang Matsirat, which is also strategically located near the Langkawi International Airport, thus giving it easy access to the more than three million foreign tourists that visit Langkawi annually.

The Langkawi Geopark Resort City components will include Street Mall, Service Suites, Corporate Suites, Water Park, Hotels, Mice Center and Resort Mall.

The value of properties to be made available for sales is expected to fetch RM1 billion while the retained properties are amounted to RM380 million, thus giving the resort city a total gross development value (GDV) of about RM1.38 billion.

In line with Langkawi’s development and tourism plan which includes Medical Tourism, Sentoria will convert the 50 acres land in Mukim Ulu Melaka into Medical Village.

The Medical Village will consist of Medical Training Centre, Medical Tourism Centre and Housing Quarters.

As medical tourism sector is not yet part of Sentoria’s expertise, the group will be looking for strategic investors and partners to carry out this Medical Tourism project.

At the same time, Sentoria will be able to gain access and experience in this sector. This Langkawi Medical Village is expected to generate a GDV of RM700 million with RM360 million worth of residential properties will be made available for sale.

The GDV for the Medical Tourism Center, which amounted to RM315 million will be jointly developed with the right strategic partner. The balance of RM25 million worth of properties (hotel and others) will be retained by Sentoria.

Both projects are expected to kick off in one year time after receiving all the necessary approvals from the relevant authorities Sentoria was recently listed in Forbes Asia Magazine as one of “Asia’s 200 Best Under A Billion” (August 2014 edition).

As for its BGRC, the readers of HRM Asia Magazine – a Singapore based magazine which features the latest HR news, jobs, training, events and conferences, had also voted BGRC as the Winner of Most Unique MICE Venue in Asia recently. These recognitions reflect the strength and quality of Sentoria as a growing company.

source: http://www.theborneopost.com / Borneo Post Online / Home> Business / Tuesday – September  02nd, 2014

‘India ranks among top 3 medical tourism destinations in Asia’

Mumbai :

India is placed among the top three medical tourism destinations in Asia, mainly due to the low cost of treatment, quality healthcare infrastructure and availability of highly-skilled doctors, says a study.

“Within Asia, India, Thailand and  Singapore  are the three countries that receive maximum medical tourists owing to low cost of treatment, quality healthcare infrastructure, and availability of highly-skilled doctors.

(India is known for cost-effective…)

(India is known for cost-effective…)

“These three countries together accounted for about 60 per cent of the total Asian revenue in 2012,” the report Medical Value Travel  in India by KPMG and FICCI said.

The research was conducted in India and other Asian countries and interviewed public sector stakeholders and domestic company heads or CEOs of renowned hospitals between July and August 2014.

Estimated at $ 78.6 billion as of 2012, the sector has emerged as one of the largest sectors in India and is poised to grow at an annual rate of 15 per cent to reach about $ 158.2 billion by 2017, it said.

It pointed out that Asian countries have introduced various marketing strategies to attract medical tourists.

In the past few years, Asia has taken the lead as one of the most preferred destination for medical value travel. Primary growth levers in this regard include low priced treatment options, availability of variety of treatments, improved infrastructure in terms of healthcare facilities and attractive locations for spending time after treatment.

While Thailand positions itself as a dual purpose destination for both medical and economic holiday with an attractive location, Singapore promotes itself as a destination for fine quality in medical treatment.

India is known mostly for its cost-effective medical treatments along with high standards in cardiology, orthopaedics, nephrology, oncology and neuro surgery, it said.

The country is also known for its alternative treatment options such as yoga and ayurveda , it said.

The leading destinations of medical tourism in India are Andhra Pradesh, Karnataka, New Delhi, Kerala, Tamil Nadu, and Maharashtra, the report said.

India receives medical tourists from across the globe, however, developing and underdeveloped countries form a major portion of the pie.

SAARC countries in particular, Afghanistan, Pakistan, Nepal, Bhutan, Bangladesh, Maldives and Sri Lanka are a major source of medical tourists owing to the physical proximity and political co-operation agreements, it said.

It further said that the private sector has been largely responsible for improvement in the Indian healthcare services.

While India scores over other countries in certain parameters like affordable hotels, cultural adaptability, there is still a long way to go, the report said.

To make India the most preferred destination for medical care there is a need to improve air connectivity, food options, cultural adaptability, language interpretors, affordable accommodation and less waiting time at airport, as these parameters help patients make a decision in choosing a destination for medical travel, it added.

source: http://www.articles.economictimes.indiatimes.com / The Economic Times / Home> Healthcare / PTI / September 01st, 2014

 

Puerto Rico Announces Plan To Promote Itself As Medical Tourism Destination

(AP PHOTO/CHARLES KRUPA)

(AP PHOTO/CHARLES KRUPA)

San Juan , P.R. (EFE) :

Puerto Rico on Tuesday presented its strategy for promoting itself as a medical tourism destination, especially among the Hispanic population of the Caribbean and the East Coast of the United States, offering medical care ranging from dental treatment to liposuction and weight-loss surgery at prices as much as 60 percent lower than in the continental U.S.

“Puerto Rico has a privileged situation in this market,” said the secretary of Economic Development and Trade, Alberto Baco, during the presentation of the plan.

The island’s administration says that it commissioned a market study from which it deduces that medical costs on the island are between 40 percent and 60 percent lower than in the mainland U.S.

Officials in San Juan are confident that about 3,000 jobs can be created linked to the industry, which is expected to serve some 30,000 patients over the next three years.

To achieve those figures, and the estimated $200 million in revenue that would result over that three-year period, Puerto Rico must make itself known as a healthcare destination that is also able to compete with Latin America.

“It’s a new sector in Puerto Rico, which is going to create business: It’s going to (require) more hotels, like those in Bayamón and Manatí, which are receiving many people,” Baco said.

“Whoever travels to have surgery doesn’t do it alone. They always go accompanied by one or two people, at a minimum, and often they remain for some additional days for the patient’s rehabilitation,” the director of the island’s tourism agency, Ingrid Rivera, said.

Baco acknowledged that Puerto Rico cannot compete in price with other places in Latin America, but he noted that people who travel to receive medical care are not motivated only by saving money.

“It’s true that we’re more expensive than Latin America, but we’re a U.S. jurisdiction, which means that we offer more security and guarantees,” he said.

“When you’re going to have surgery, your main concern is going to be the training of the doctor,” Rivera said. “The majority of our doctors have studied in the U.S. and our hospitals are accredited, and certified by Medicare, just like those in the U.S.”

source: http://www.latino.foxnews.com / Fox News Latino / Home> News / September 03rd, 2014

Turkey ‘among top medical tourism destinations’

HealthCT05sept2014

Turkey is fast becoming a top medical tourism destination for the Gulf and other Arab countries, a report said.

Many patients are opting Turkey for a nip, tuck, laser eye surgery or hair transplant, it said.

Over the past few years, rising costs in health care worldwide have caused an increase in the medical tourism industry with patients flocking to parts of Turkey for cosmetic surgery, according to the Turkey medical tourism outlook for 2017.

The country is the preferred destination for hair transplant procedures for many Arabs. The report also highlighted other emerging segments of Turkey’s medical tourism including dentistry, cosmetic surgery, infertility treatment and eye treatment.

“Patients are travelling to Turkey from all over the world, including the Gulf, seeking cosmetic surgery with a quick recovery,” said Mustafa Ozdemir, cultural and information attaché from the Cultural and Information Office of the Turkish Consulate-General in Dubai.

“In fact, there are even companies that organise trips to Istanbul or south-western Turkey for procedures and treatments. Patients are looking for geographic proximity and the reputation of the country, when choosing Turkey, which is why medical tourism is increasing in the country and we anticipate significant growth in the near future,” he said.

With Turkey treating nearly a quarter of a million foreign patients each year, the country boasts certified doctors in all fields and more Joint Commission International (JCI) accredited hospitals than anywhere outside the US.

According to the International Society of Aesthetic Plastic Surgery, Turkey ranks ninth in the world for its number of plastic surgeons with 700 registered as practising in the country.

“People want to make the trip part of a tourism experience, so after their procedures they choose to stay in some of the most scenic cities in Turkey to make quick recoveries,” Ozdemir said. “These include Fethiye, Istanbul, Antalya, Marmaris, Bodrum and Kuşadası.” –  TradeArabia News Service

source: http://www.ttnworldwide.com / TTN / Home> Health & Environment / August 31st, 2014