Medical tourism in the Philippines provides high-quality care with less financial suffering
- Crown Regency Health Horizon in Cebu City, Philippines
41-Storey Crown Regency in Cebu City, Philippines
Because the cost of U.S. healthcare remains high, medical tourism could save an American patient thousands of dollars on procedures such as cosmetic or dental surgeries—as long as they are willing to travel to a foreign country where the costs are considerably lower. Foreign real estate investors can also indirectly benefit from the medical tourism industry, which appears to have a positive impact on the economies of developing destination countries.
The concept of traveling for medical care is nothing new, but the modern concept of medical tourism—traveling to foreign countries specifically for lower cost of care—has only emerged in the past 10 to 15 years. But “in a mainstream way it’s really only started to take off in the past year or two,” because more people are traveling around the world than they were ten years ago, and because the Internet has made long-distance communication more practical.
Most clients are paying for health care procedures out of their pocket, specifically uninsured or under-insured American patients in need of costly medical surgeries, and clients who seek elective cosmetic or dental procedures. There’s a huge range of potential cost savings, anywhere from 50 to 80 percent depending on where they go and which procedures are done.
It is possible for patients to pay for foreign medical expenses with money from their health savings account (HSA). As the number of people with HSAs increases, and people have to take more responsibility for their medical costs, medical tourism could grow even more.
Cosmetic and dental surgeries are the most popular procedures because those are services that typically are not covered by insurance. Many patients travel to South or Central American countries such as Brazil, Argentina or Costa Rica for cosmetic procedures, where it is cost effective to travel and cosmetic surgery is advanced. For example, a full face and neck lift procedure could cost $12,000 in the U.S., while the same procedure could cost as little as $3,800 abroad.
In vitro fertilization procedures are also becoming popular because the cost of the procedure is high in the U.S. The savings for uninsured clients in need of cardiovascular or orthopedic procedures are perhaps the most dramatic because costs for those procedures are so exorbitant in the U.S. Hip replacement surgery, for example, could cost anywhere between $40,000 and $65,000 in the U.S., whereas a patient might pay between $8,000 and $18,000, which includes travel costs, to receive the procedure overseas.
It’s a huge culture shock for Americans to go to the Philippines. Patients should know that medical tourism is not only about receiving a high-quality procedure…it’s also about the total experience of when they are there. You have to be emotionally and psychologically prepared…as well as physically prepared.
Quality of care
Patients might have questions about the quality of care overseas; however, one quarter of physicians in the U.S. are foreign-born, so the concept of having a Thai…or an Indian physician is really nothing very new or very foreign to an American patient these days.
Furthermore, people are also coming to realize that the U.S. health system, despite being the most expensive, is not perfect.
Consequently, patients should “do their homework” and work with a professional organization that has experience with overseas medical travel.
Hospitals that participate in medical tourism usually reserve the highest quality of care and best physicians for international patients.
Clients generally spend three times as much time in a hospital overseas than they would in the U.S. after having a similar procedure performed. Clients also tend to experience more hospitality—friendliness, compassion and caring—overseas.
Impacts on economic health
Foreign real estate investors might be interested to know that the impact on medical tourism destination economies should be “very positive”. Popular medical tourist destinations include developing countries such as India, the Phillipines and South and Central American countries, as well as fairly developed countries, such as Singapore and South Korea.
One important benefit of medical tourism for these countries is that the influx of international patients will create career opportunities that encourage foreign physicians to remain in their home countries as opposed to moving to the U.S. to make a living.
Furthermore, medical tourism has a positive impact “all the way down the economic ladder,” from high-educated occupations in medicine and hospital administration to the unskilled trades.
Overall, medical tourism will have a positive impact directly by improving the health care infrastructure within a country, and indirectly because of all the new economic activity that’s generated and opportunity for growth.
Destination countries are realizing the value of medical tourism, and there are initiatives at the government level or at the individual hospital level…to try to lure tourists from the U.S., Western Europe or Canada. As a result of the increasing supply of participating hospitals, an increasing number of medical tourism companies are emerging onto the scene to get between care providers and consumers to arrange medical tours.
Still, the secondary impact on the U.S. health care industry will be substantial; for instance, an increasing number of “mini-med plans” will begin covering medical procedures performed overseas. According to the results of a survey called Health Care Benefits: Eligibility, Coverage and Exclusions, medical tourism is already being covered by 11 percent of organizations surveyed—a surprisingly large number.
U.S. hospitals and physicians [will be] competing for the first time on an international basis and not just on a local or regional basis.
Crown Regency Health Horizon in Cebu City, Philippines
Soon, you will have a great option to have your affordable healthcare in Crown Regency Health Horizon in the 7th and 8th floor of the tallest hotle 41-storey Crown Regency Hotel in Cebu City, Philippines! You will definitely enjoy your stay in this integrated environment in the 23-storey Club Ultima and 41-storey Crown Regency Hotel.
Facilities in Club Ultima and 41-Storey Crown Regency Hotel in Cebu City, Philippines:
I. Business Facilities
- Audio-Visual / Media Room
- Conference Room / Boardrooms
- Legal Consultants-On-Call
- Communications / I.T. Network
- Courier Services
- Cyber Café
- Crown Regency will devote one whole floor to augment Club Ultima’s Business Center.
II. Leisure & Entertainment
- Aqua Fitness Pool
- Japanese Restaurant – Kotie
- Chinese Restaurant – Wang Shang Lo
- Grill Restaurant – Mr. Grill
- Fitness Center – Power Gym & Metro Sports Center
- Beauty Center – Prana MediSpa & Tower Salon
- Health Horizon – Full range of modern health-monitoring equipment and devices and machines in the 7th & 8th floor of Crown Regency Hotel & Towers
- Casino –Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers
- Vivo Gamezone – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers
- Sky Lounge – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers
- Club 36 – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers
- Stratus – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers
- Sparkz Restobar – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers
- Sky Experience Adventure – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers
- Sky Walk – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers (End of 2008)
- Insanity Orbit – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers (2011)
- Regeneration Suites – Soon in the tallest hotel in the Philippines: 41-Storey Crown Regency Hotel & Towers
- Crown Regency will devote one whole floor to Club’s recreation facilities and another floor to Children’s play station.
Sky Experience Adventure; Insanity Orbit www.cebucondoreview.co.cc
Club Ultima and Crown Regency Hotels in the Philippines:
Club Ultima
• Club Ultima on Osmeña Boulevard, Cebu
• Crown Regency Suites on Mactan Island, Cebu
• Crown Regency Residences in Guadalupe, Cebu
• Crown Regency Residences in Davao City
• Crown Regency Hotel & Towers on Osmeña Boulevard, Cebu
• Crown Regency Hotel in Makati City
• Crown Regency Resort Station 3, Boracay Island (October 15, 2008)
• Crown Regency Prince Resort Station 1, Boracay Island (Soon)
• Crown Regency Bayview Resort (Soon)
• Crown Regency Resort & Convention Center (2009)
As a Club Ultima member, you can avail your priviledges and discounts in any facilities in Crown Regency Hotels and Club Ultima in the Philippines! You can also use your membership privileges and discounts in any Club Ultima and Crown Regency Hotels all over the Philippines and exchange your annual free room nights with affilicated more than 2,900 hotels in Interval International! Club Ultima membership price till now had been increased by more than THREE (3) times since 2003. Hurry up and start your lifestyle investment with Club Ultima and Crown Regency now!
For Club Ultima Membership and Condos & Condotels investments, please contact:
Daisy Guo
Fuente Triangle Realty Development Corp.
International Marketing Assistant
E-mail: ftrdcmarketing@gmail.com or info@cebucondoreview.co.cc
Cell: (+63917) 462-1174
Skype & Yahoo! Messenger: daisy_guo_onlinemarketing
My website: http://www.cebucondoreview.co.cc
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