Why Are 1 Million Americans Traveling Outside Of the USA Every Year for Surgery
Self-Insured Employers Can Finally Reduce the cost of providing Healthcare Benefits… some by as much as 70%.
Atlanta, GA, August 01, 2009 --(PR.com)-- Global Surgery Network, has been sending under-insured or un-insured individuals overseas for surgical procedures for 4 years, and saving them 70% the cost here in the USA... It's a $ 5 Billion business. Now the insurance, 3rd party benefits providers, and self-insured companies are starting to "get it..."
Companies that are self-insured can reduce their expenses by sending employees overseas for certain medical procedures with no compromises in safety or comfort. Similarly, many major insurance companies are already outsourcing some operations for their policy holders.
To assist American companies in dealing with hospitals and surgeons in other countries, Global Surgery Network Inc. (GSN) has set up a new Professional Services Division. "At a time when companies are typically looking at 15% to 20% annual increases in their insurance premiums, dealing with overseas providers can end up saving them 60 to 70%%," says GSN President Jack Schafer. "The customers get medical care that is every bit as good as, and often better than they'd receive here in the USA." The business of going outside of your home country to receive a medical or surgical procedures is called Medical Tourism. According to Forbes Magazine (June 2008) “… over a million Americans are now going offshore in this $5 billion business… that is expected to grow to $20 billion by 2012.
Offshore treatment is not intended to replace emergency operations, but planned and necessary orthopedic procedures for hips, knees and backs have proven to be ideal ways to cut costs and some insurance providers are even eliminating deductibles and co-pays. Even when the added expenses of travel and first-class accommodations for both the patient and a companion have been factored in, the bottom line reveals savings too substantial to ignore.
At least two major US based insurance companies ( BCBS, Hamana) have already signed agreement to have elective surgeries performed in India, Panama, and parts of Asia. Hospitals that meets all guidelines set by the American Medical Association.
Some of America's most prestigious medical institutions, Harvard University, Johns Hopkins and the Mayo Clinic have international divisions that are operating hospitals in India, Panama and Thailand.
The insurance industry had initially attempted to make arrangements with overseas hospitals directly, but have found the task of arranging all of the travel, transportation, and accommodations to coincide with the medical procedures to be a daunting task. The industry is now turning to 3rd party "Facilitators" to arrange all of the details for their policyholders or employees, and GSN, as one of only five "Certified Facilitators" accredited by the Medical Tourism Association, has clearly taken the lead in providing these 3rd party services. “In addition to arranging all of the travel details, GSN's Medical Staff has developed nine International Hospitals providing our clients with the opportunity to select from among the very best in the world… and save around 70% the cost of the same procedures here at home.
GSN President Jack Schafer has spoken at countless engagements, and will be a featured speaker at the 22nd Annual Employees Benefits Group Conference, September Atlanta GA. and he is scheduled to appear on “Inside Business Today”, hosted by Fred Thompson on CNN.
To find out more about the Medical Tourism as an Industry, visit www.MedicalTourismIndustry.com...
Contact:
Jack Schafer, PE
President
Global Surgery Network, Inc.
Phone: 770-475-4100
Toll-free: 1-877-866-8558
www.GlobalSurgeryNetwork.com:
E-mailjack@globalsurgerynetwork.com
###
Companies that are self-insured can reduce their expenses by sending employees overseas for certain medical procedures with no compromises in safety or comfort. Similarly, many major insurance companies are already outsourcing some operations for their policy holders.
To assist American companies in dealing with hospitals and surgeons in other countries, Global Surgery Network Inc. (GSN) has set up a new Professional Services Division. "At a time when companies are typically looking at 15% to 20% annual increases in their insurance premiums, dealing with overseas providers can end up saving them 60 to 70%%," says GSN President Jack Schafer. "The customers get medical care that is every bit as good as, and often better than they'd receive here in the USA." The business of going outside of your home country to receive a medical or surgical procedures is called Medical Tourism. According to Forbes Magazine (June 2008) “… over a million Americans are now going offshore in this $5 billion business… that is expected to grow to $20 billion by 2012.
Offshore treatment is not intended to replace emergency operations, but planned and necessary orthopedic procedures for hips, knees and backs have proven to be ideal ways to cut costs and some insurance providers are even eliminating deductibles and co-pays. Even when the added expenses of travel and first-class accommodations for both the patient and a companion have been factored in, the bottom line reveals savings too substantial to ignore.
At least two major US based insurance companies ( BCBS, Hamana) have already signed agreement to have elective surgeries performed in India, Panama, and parts of Asia. Hospitals that meets all guidelines set by the American Medical Association.
Some of America's most prestigious medical institutions, Harvard University, Johns Hopkins and the Mayo Clinic have international divisions that are operating hospitals in India, Panama and Thailand.
The insurance industry had initially attempted to make arrangements with overseas hospitals directly, but have found the task of arranging all of the travel, transportation, and accommodations to coincide with the medical procedures to be a daunting task. The industry is now turning to 3rd party "Facilitators" to arrange all of the details for their policyholders or employees, and GSN, as one of only five "Certified Facilitators" accredited by the Medical Tourism Association, has clearly taken the lead in providing these 3rd party services. “In addition to arranging all of the travel details, GSN's Medical Staff has developed nine International Hospitals providing our clients with the opportunity to select from among the very best in the world… and save around 70% the cost of the same procedures here at home.
GSN President Jack Schafer has spoken at countless engagements, and will be a featured speaker at the 22nd Annual Employees Benefits Group Conference, September Atlanta GA. and he is scheduled to appear on “Inside Business Today”, hosted by Fred Thompson on CNN.
To find out more about the Medical Tourism as an Industry, visit www.MedicalTourismIndustry.com...
Contact:
Jack Schafer, PE
President
Global Surgery Network, Inc.
Phone: 770-475-4100
Toll-free: 1-877-866-8558
www.GlobalSurgeryNetwork.com:
E-mailjack@globalsurgerynetwork.com
###
Contact
Global Surgery Network, Inc
Jack Schafer, President
770-475-4100
GlobalSurgeryNetwork.com
Jack Schafer, President
770-475-4100
GlobalSurgeryNetwork.com
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