Tag Archives: cancer surgery

How to make money investing in the medical travel industry

By now, you’ve heard all the hype about the potential growth of the medical travel industry and how US patients are fleeing the country to get affordable care. Unfortunately, the experts agree, that there are few reliable statistics about the size and growth of the market, there are no common definitions of a medical traveler, comparisons of revenues and costs are hard to make, and there remain persistent, nagging barriers to widespread adoption by patients, payers and physicians.

That said, investors are still clinging to the promise of big returns fueled by patients losing their health benefits because of high unemployment, the aging population requiring more units of care and exploding costs of healthcare. If you think the medical travel industry is set to explode, there are some areas of investment to consider:

Foreign Healthcare infrastructure

  • Hospitals and systems
    Ambulatory surgery centers
    Clinical labs and imaging centers
    Disease specific treatment facilities like cancer centers, stem cell centers, etc
  • Foreign Travel and hospitality infrastructure

  • Hotels and Surgical Hotels
    Airport development

  • Tools and support companies

  • Players in global healthcare information exchange
    Data analytics and business intelligence
    Quality, price and value determinations
    Companies offering alternative pricing mechanisms

  • Supporting global healthcare insurance and travel products

  • Trip cancellation
    Follow up care
    Emergency evacuation
    Professional liability
    Infectious disease management
    Geopolitical risk insurance
  • Firms in the medical travel supply chain

  • Travel medicine clinics
    Medical travel facilitators and specialty travel agents
    Medical concierge ground operators
    Currency exchange risk managers

  • Expatriate retirement health cities and communities

    Like other industry sectors, gold, for example, you can invest in the product itself, the people who create the product, or investments that pools risks, like mutual funds or exchange traded funds.

    Look for companies in markets where the supply of care does not meet the demands of a growing middle class, that provide products and services delivering low, cost high volume care, and that provide platforms and infrastructure designed to reduce transaction costs for billing and collecting and value-based information.

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    MedVoy visits the Chihuahua Medical Cluster!

    Chihuahua Cathedral

    Chihuahua Cathedral

    MedVoy visits the Chihuahua Medical Cluster

    The Chihuahua Medical Cluster in Chihuahua Mexico (less than a two hour flight from Houston), is a collaboration of the government, business, and medical community to provide high-quality medical care and to become a global leader in international healthcare.

    With a strong colonial heritage, Chihuahua has a legacy of three centuries of hospitals and plans are already underway for additional hospitals. Meetings with Chihuahua Mayor Alvaro Guillermo Madero MuÒoz and Secretary of Tourism, Minister Hector Valles also unveiled plans for future tourism initiatives – a highlight being a Swiss-made tram being installed in Copper Canyon later this spring. Copper Canyon, a group of canyons twice as deep and five times longer than the Grand Canyon, is an unspoiled gem with breathtaking scenery.

    For more photos of hospitals and Copper Canyon, please click here.

    CIMA Hospital Chihuahua

    CIMA Hospital is an international partnership of US and Mexican investors and the 150 physicians who practice at CIMA. Already ISO 9000 certified, CIMA Hospital is undergoing the JCI accreditation process, to be completed in June 2010.

    Executive Wellness Screenings utilize GE Millennium MG Nuclear Imaging Environment (GENIE), which provides an intuitive user interface that goes well beyond the nuclear stress test. The General Health Council recently awarded CIMA Chihuahua the most important recognition in Mexico – recertification as a high-specialty hospital – and the Mexican Association of Private Hospitals has also recognized it as a Hospital of Excellence. Other specialties are: Bariatrics, Plastic Surgery, Cardiology, Angiology, Endoscopies, Orthopedics, Angioplasty, Lung and Heart Transplants.

    Oncology Center of Chihuahua

    Part of the CIMA Hospital Center, Oncology Center of Chihuahua is a brand-new, holistic, state-of-the-art cancer treatment center that is part of an international collaboration with Southwest Oncology Center of Scottsdale, Arizona.

    The only TomoTherapy machine in Latin America, at a cost of $2.8M USD, fuses CT, MRI, and PET Scan simulations for contouring and allows for the most precise angles to be used, which can pinpoint tumors previously thought untreatable. With an on-site psychologist, nutritionist and private suites, treatment options include surgery, radiation and chemotherapy.

    Clinica Cumbres

    Clinica Cumbres, an American-designed Ambulatory Surgery Center, was built in cooperation with the JCI to follow the current US trend where 70% of clinics are for outpatient care. Clinica Cumbres has been JCI accredited since its inception in 2008, providing multi-year transparency, 100% electronic files and the ability to work with insurance providers.

    With private rooms and an English-speaking staff, the average stay is six hours and patients are monitored every ten minutes. Specialties include: Angiology, Anesthesiology, Angiology, General Surgery and Gastroenterology, Plastic Surgery, Ophthalmology, Orthopedics, Otolaryngology, Pathology and Urology.

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