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Mercury Advisory Group - Healthcare price transparency supported by health tourism clusters

Mercury Advisory Group - Healthcare price transparency supported by health tourism clusters | Inessa | Scoop.it
This series of articles focuses on cluster development for medical, health and wellness tourism.

 

When a self-funded employer contracts with a healthcare provider without layering in profit margins of big insurers and traditional PPO networks, they suddenly realize that a few providers in the area are competitive while others directly across the street cost upwards of 240% or more for the same identical service.  If big ticket elective procedures are steered to other markets, local providers will be motivated to bring their rates into a reasonable price range or face loss of market share. 

 

In severe cases where the value doesn’t exist because providers don’t feel pressure to lower local prices, employers might only encourage the use of local market providers for emergencies and urgently needed care, or when the procedure or treatment is required by a patient that cannot safely travel to a nearby or distant medical hub of health tourism cluster offering price or value arbitrage.


Via Maria Todd
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Rescooped by Inessa Yefymets from Medical Tourism Business Development Strategies
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What is involved in adding a medical tourism benefit to a group health plan?

What is involved in adding a medical tourism benefit to a group health plan? | Inessa | Scoop.it
Our brokers and agents continue to receive more and more inquiries from self-insured city and county government employers and self-funded U.S. employers organized under ERISA about medical tourism.

 

In this recent post on LinkedIn's Medical Tourism Program Development Forum, Mercury Healthcare's CEO, Maria K Todd, MHA PhD highlights some of the key elements of adding a medical tourism benefit option to a group health benefit plan.


Via Maria Todd
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Rescooped by Inessa Yefymets from Medical Tourism Business Development Strategies
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Priceline+ medical tourism?

Priceline+ medical tourism? | Inessa | Scoop.it
Thai Medical Vacation provides medical tours to the leading integrated treatment and recovery facilities in Thailand with medical treatments such as autologous stem cell treatment for diabetes, Inferility & IVF, plastic surgery,orthopedic...

Via Maria Todd
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Rescooped by Inessa Yefymets from Medical Tourism Business Development Strategies
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Mercury Advisory Group - Healthcare price transparency supported by health tourism clusters

Mercury Advisory Group - Healthcare price transparency supported by health tourism clusters | Inessa | Scoop.it
This series of articles focuses on cluster development for medical, health and wellness tourism.

 

When a self-funded employer contracts with a healthcare provider without layering in profit margins of big insurers and traditional PPO networks, they suddenly realize that a few providers in the area are competitive while others directly across the street cost upwards of 240% or more for the same identical service.  If big ticket elective procedures are steered to other markets, local providers will be motivated to bring their rates into a reasonable price range or face loss of market share. 

 

In severe cases where the value doesn’t exist because providers don’t feel pressure to lower local prices, employers might only encourage the use of local market providers for emergencies and urgently needed care, or when the procedure or treatment is required by a patient that cannot safely travel to a nearby or distant medical hub of health tourism cluster offering price or value arbitrage.


Via Maria Todd
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Rescooped by Inessa Yefymets from Medical Education
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Project Analyst - Ambulatory (Health Informatics/Information Technology) - Emirates 24/7

Project Analyst - Ambulatory (Health Informatics/Information Technology) - Emirates 24/7 | Inessa | Scoop.it
Project Analyst - Ambulatory (Health Informatics/Information Technology)Emirates 24/7Qatar Foundation for Education, Science and Community Development (QF), a private, not-for-profit, chartered organization, is building an all-digital academic...

Via Gary M. Levin
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Rescooped by Inessa Yefymets from Medical Tourism Business Development Strategies
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An Interesting PowerPoint Presentation from the International Federation of Health Plans

An Interesting PowerPoint Presentation from the International Federation of Health Plans | Inessa | Scoop.it
While the presentation PDF includes a 2011 Comparative Price Report Medical and Hospital Fees by Country, but it doesn't really cite where the national data came from at a level that enables one to critically assess if prices refer to average...

Via Maria Todd
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Rescooped by Inessa Yefymets from Medical Tourism Business Development Strategies
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Mercury Advisory Group - Where to find health and wellness tourism technical assistance and presenters that attract interest and regard for your health tourism brand

Mercury Advisory Group - Where to find health and wellness tourism technical assistance and presenters that attract interest and regard for your health tourism brand | Inessa | Scoop.it
Many tourism development councils are intimidated by the health and wellness tourism sector because of its technical complexities and cross-cutting interdependencies with other tourism, transportation, hospitality, and regulatory stakeholders.

Via Maria Todd
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Sambucol | Helps you recover from colds & flu twice as fast!

Sambucol | Helps you recover from colds & flu twice as fast! | Inessa | Scoop.it

The Black Elderberry has a strong heritage and was referred to as 'medicine chest' by Hippocrates (400BC). 


Via CharlesFrost
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