Meditour Expo Las Vegas Talk

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Presentation on medical travel and global care

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  • Chart Notes: 2009 CHA Discharges Aggregated by Hospital up to City Patient origin zip code outside of US
  • Chart Notes: 2009 CHA Discharges Aggregated by Hospital Patient origin zip code outside of US
  • Chart Notes: 2009 CHA Discharges Aggregated by Hospital up to City Patient origin zip code outside of US
  • Chart Notes: 2009 CHA Discharges Aggregated by Hospital Patient origin zip code outside of US
  • Meditour Expo Las Vegas Talk

    1. 1. Arlen D Meyers, MD, MBA www.medvoy.com www.careconnectix.com
    2. 2. What are we talking about? <ul><li>Medical tourism v medical travel v global care coordination v travel medicine v humanitarian care </li></ul><ul><li>Medical travel: Leaving home for care </li></ul><ul><li>Inbound , outbound, domestic </li></ul><ul><li>Why? </li></ul><ul><ul><li>Cost </li></ul></ul><ul><ul><li>Availability </li></ul></ul><ul><ul><li>Access </li></ul></ul><ul><ul><li>Travel </li></ul></ul><ul><ul><li>Secrecy </li></ul></ul>
    3. 3. MEDICAL travel <ul><li>THIS </li></ul>
    4. 4. Not, medical TRAVEL <ul><li>Not, this </li></ul>
    5. 5. Telemedicine and medical tourism <ul><li>Medical tourism: 35% CAGR into 2010 (outbound 1.6M) </li></ul><ul><li>Inbound: 561,000 by 2010 </li></ul><ul><li>220 JCI sites in 2008 (76 in 2005) </li></ul><ul><li>AMA guidelines on medical tourism </li></ul><ul><li>www.medvoy.com </li></ul><ul><li>Telemedicine </li></ul><ul><li>www.cotelehealth.com </li></ul>
    6. 6. The Six Legged Stool <ul><li>A sustainable business model </li></ul><ul><li>Global healthcare IT connectivity and integration </li></ul><ul><li>Global referral networks </li></ul><ul><li>A global regulatory, socioeconomic and legal ecosystem </li></ul><ul><li>Patient awareness and acceptance </li></ul><ul><li>Measurements of value= quality/price </li></ul>
    7. 7. The Old Model
    8. 8. The New Model
    9. 9. 10 Medical Tourism Trends <ul><li>1. Global healthcare information exchanges 2. Commoditization of healthcare and the disintermediation of professionals 3. eBay mechanism to auction global healthcare services 4. Erosion and redefinition of professionalism and ethics 5. New healthcare insurance products designed to empower patients </li></ul>
    10. 10. 10 Medical Tourism Trends <ul><li>6. Changes in global healthcare workforce 7. Global quality and price information exchanges and growth of domestic medical tourism 8. Growth of programs offering MBA’s in medical tourism 9. Evolution of medical tourism nurses and advocates 10. Electronic markets offering unused healthcare capacity. </li></ul>
    11. 11. Deloitte Customer Segments <ul><li>Content and Compliant (28.5%) </li></ul><ul><li>Sick and Savvy (25.3%) </li></ul><ul><li>Online and Onboard (8%) </li></ul><ul><li>Shop and Save (2.4%) </li></ul><ul><li>Out and About (8.2%) </li></ul><ul><li>Casual and Cautious (27.6%) </li></ul>
    12. 12. Themes: Medical Travel Index <ul><li>Commoditization of care </li></ul><ul><li>High volume, low cost </li></ul><ul><li>Digitally integrated </li></ul><ul><li>Real estate appreciation </li></ul><ul><li>Aging demographics </li></ul><ul><li>Minimal geopolitical risk </li></ul><ul><li>Global diffusion of innovative technologies </li></ul><ul><li>Telemedicine and telehealth functionality </li></ul>
    13. 13. Medical Travel Metrics <ul><li>How many? </li></ul><ul><li>Where? </li></ul><ul><li>For what? </li></ul><ul><li>Which providers? </li></ul>
    14. 14. Regional Medical Travel by City in Colorado Market Staging Inc. www.MarketStaging.com Newport Beach, CA Source: 2009 CHA Discharges Aurora can Attract More Patients from Aspen, Vail etc.
    15. 15. Regional Medical Travel by Hospital in Colorado Market Staging Inc. www.MarketStaging.com Newport Beach, CA Source: 2009 CHA Discharges Aurora Hospital can Attract More Patients from Aspen, Vail etc.
    16. 16. Regional Medical Travel by City in Colorado Market Staging Inc. www.MarketStaging.com Newport Beach, CA Source: 2009 CHA Discharges More Patients & Families Stay in Aspen or Vail Patients & Families Stay Longer in Littleton
    17. 17. Regional Medical Travel by Hospital in Colorado Market Staging Inc. www.MarketStaging.com Newport Beach, CA Source: 2009 CHA Discharges Aurora Hospital can Attract More Patients with Web Visibility Vail Hospital has 15% More Patients with Web Visibility
    18. 18. Regional Medical Travel Dimensions: 1) Geography & Distance 2) Costs 3) Quality 4) Visibility <ul><li>by patient & medical service </li></ul><ul><li>by market and facility </li></ul><ul><li>data centric & risk adjusted </li></ul><ul><li>branding with web visibility </li></ul>Market Staging Inc. www.MarketStaging.com Newport Beach, CA
    19. 19. Foreign Healthcare Infrastructure <ul><li>Hospitals and systems </li></ul><ul><li>Ambulatory surgery centers </li></ul><ul><li>Clinical labs and imaging centers </li></ul><ul><li>Disease specific treatment facilities like cancer centers, stem cell centers, etc </li></ul><ul><li>Example: Fortis Healthcare </li></ul>
    20. 20. Travel/hospitality infrastructure <ul><li>Hotels and Surgical Hotels </li></ul><ul><li>Spas </li></ul><ul><li>Airport development </li></ul><ul><li>Tourist attractions </li></ul><ul><li>Example: Ritz Carlton, CH2M Hill, Bechtel </li></ul>
    21. 21. Tools and Support Companies <ul><li>Players in global healthcare information exchange </li></ul><ul><li>Data analytics and business intelligence </li></ul><ul><li>Quality, price and value determinations </li></ul><ul><li>Companies offering alternative pricing mechanisms </li></ul><ul><li>Telehealth and telemedicine </li></ul><ul><li>Example: Cisco/Tandberg </li></ul>
    22. 22. Insurance and travel products <ul><li>Trip cancellation </li></ul><ul><li>Follow up care </li></ul><ul><li>Emergency evacuation </li></ul><ul><li>Professional liability </li></ul><ul><li>Infectious disease management </li></ul><ul><li>Geopolitical risk insurance </li></ul><ul><li>Example: Healthcare insurance products </li></ul>
    23. 23. Medical Travel Supply Chain <ul><li>Travel medicine clinics </li></ul><ul><li>Medical travel facilitators and specialty travel agents </li></ul><ul><li>Medical concierge ground operators </li></ul><ul><li>Currency exchange risk managers/FX risk funds </li></ul><ul><li>Example: Medvoy </li></ul>
    24. 24. Real Estate Development <ul><li>Health Cities </li></ul><ul><li>Ex-patriot retirement communities </li></ul><ul><li>Example: Dell Webb </li></ul>
    25. 25. Healthcare Companies <ul><li>Drugs </li></ul><ul><li>Devices </li></ul><ul><li>Diagnostics </li></ul><ul><li>Healthcare IT </li></ul><ul><li>Service Platforms </li></ul><ul><li>Example: Johnson and Johnson </li></ul>
    26. 26. Global Healthcare Funds <ul><li>www.fasttrack.net : over 100 funds listed and compared </li></ul><ul><li>US companies expanding globally </li></ul><ul><li>www.seekingalpha.com </li></ul><ul><li>Country Specific Hospital and Healthcare </li></ul><ul><li>Philippine Hospital Association </li></ul><ul><li>Foreign Hospital Company Stocks </li></ul><ul><ul><li>www.thehindubusinessline.com </li></ul></ul>
    27. 27. Medical Travel Portfolio <ul><li>Fortis Healthcare Limited (Bombay Stock Exchange) </li></ul><ul><li>Marriott International (NYSE) </li></ul><ul><li>Cisco Systems (NASDAQ) </li></ul><ul><li>Lloyds Banking Group (NYSE) </li></ul><ul><li>American Express Company (NYSE) </li></ul><ul><li>Johnson and Johnson (NASDAQ) </li></ul><ul><li>Global Healthcare Mutual Funds </li></ul><ul><li>Bechtel/Halliburton/Fluor </li></ul>
    28. 28. Thanks and Questions <ul><li>Contact [email_address] </li></ul><ul><li>303-724-1952 </li></ul>

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