THIS WEEK IN U.S. DOMESTIC MEDICAL TRAVEL

Volume 2, Issue 18

Dear Colleagues,

With the repeal of the Affordable Care Act and its impact on the medical travel industry both domestic and international, I have been asked to contribute editorials to FierceHealthcare, Western Pennsylvania Healthcare News and MD Magazine.

This month, we bring you news on trading hospital rooms for hotel suites, price negotiations and bundled payment plans, the falling rate of cancer deaths in the US, as well as the effect Trump's immigration ban will have on the medical tourism industry.

Our spotlight interview features Marc Grossman, CEO, Price MDs who discusses the one of a kind proprietary search engine to help patients easily locate affordable prices for quality healthcare world-wide.

We want to hear from you! Tell us:
What distinguishes your service offering in terms of cost, patient experience and satisfaction, outcomes, or other quality indicators. 

Send us your feedback for publication in an upcoming issue of our newsletter.

The Self-Insurance Institute of America, Inc. (SIIA) will hold a six-part winter webinar series, which will cover a variety of topics relating to self-insured group health plans, captive insurance companies and group self-insured workers' compensation funds.  "Webinar Wednesdays" will begin January 18, 2017 and run each week through the end of February. Register here.

"Rising health insurance premiums, lack of transparency and increased awareness of how varied medical costs and quality vary dramatically between hospitals and across regions, have pushed consumers right into the arms of international and domestic medical travel. The growing industry provides the perfect solution for patients to receive the high-quality, cost-effective care that they need AND rightfully deserve!" - Laura Carabello, Executive Editor and Publisher, Medical Travel Today and U.S. Domestic Medical Travel.

Thank you for your interest in this exciting, growing market space. Please be in touch with your comments and editorial contributions, which can be sent directly to: editor@USDomesticMedicalTravel.com.

Laura Carabello
Executive Editor and Publisher

 

SPOTLIGHT: Marc Grossman, CEO, Price MDs

Marc Grossman
marcgrossmanmd@pricemds.com
https://pricemds.com/home

About Marc Grossman
Marc Grossman co-founded PriceMDs.com and currently serves as Chairman and CEO. He is a graduate of Albert Einstein School of Medicine ‘75, and a fellow at the American College of Surgery, where he earned his board certification. Dr. Grossman went on to practice medicine through 2007. Additionally, he has owned and operated a hospital.

 

About Price MDs
Founded in 2013, PriceMDs.com is a proprietary search engine, which helps patients easily locate affordable prices for quality healthcare world-wide. Our comprehensive database provides patients with detailed interactive profiles, scheduling, and all-inclusive pricing for healthcare procedures and services. PriceMDs.com gives patients the ability to search by Healthcare Procedure, Location, Specialty or Practitioner.

Click here to read the full story

Without the Affordable Care Act Will Medical Tourism Increase?
by Laura Carabello

mdmag.com- The impending repeal of the Affordable Care Act (ACA) has created uncertainty in the US healthcare marketplace. As the existing system is dismantled, and programs shut down or replaced, many Americans will be scrambling to access truly affordable, quality care.  

This phenomenon has many implications for US physicians as people in every market sector begins to explore their options - from uninsured individuals to Medicare and Medicaid beneficiaries, as well as employees covered by self-funded companies.

Click here to read the full story

Repeal of Affordable Care Act Impacts International Medical Travel
by Laura Carabello

wphealthcarenews.com- The repeal of the Affordable Care Act (ACA) has been met with considerable market uncertainty. As the transition gets underway, many Americans will be scrambling to access affordable, quality care. 

Fortunately, the international medical travel industry -"Travel for Treatment" - may finally gain the attention it deserves from the American public and U.S. employers. Experts predict that the number of Americans traveling abroad for medical care or episodes of treatment is expected to increase 25 percent annually over the next decade.

Click here to read the full story.

Health IT leaders react to Trump immigration travel ban, implications for workforce, innovation
by Evan Sweeney

Fiercehealthcare.com- President Donald Trump's recent immigration ban could have broad implications for the health IT industry that draws on overseas talent to fill a growing demand for employment, although health leaders told FierceHealthcare that the immediate impact is still unclear.

"The very easy answer is it will definitely hurt the organizations and businesses that employ people from these countries ... When they make it harder for them to come, then they will not come," said Niam Yaraghi, a fellow at the Center for Technology Innovation at the Brookings Institution.

Yaraghi currently holds a green card, but entered the U.S. from Iran in 2010 on student visa to complete his doctorate in management science and systems at the State University of New York at Buffalo.

Click here to read the full story

Key Destinations for International Medical Travel
With the growing ranks of uninsured, medical travel options are likely to emerge as a critical solution to healthcare cost woes. Hospitals and providers in nearby locations such as Latin America - known as the LAC Region - are likely to become destinations of choice: less expensive travel expenses, reduced language barriers, and cultural familiarity. Individuals and employers will require guidance in terms of choosing the right providers and determining costs to overcome the challenges that lie ahead.

To view the original article, click here.

Bundled payments cut costs but will face opposition from new administration
by Paige Minemyer

Fiercehealthcare.com- Bundled payments are an effective way for providers to reduce costs for joint replacements without a significant investment-but the man tapped to head the Department of Health and Human Services has vigorously opposed alternative payment model mandates.

The Centers for Medicare & Medicaid Services unveiled the bundled payment initiative in 2015, and a study published this week in JAMA Internal Medicine found that hospitals experienced significant savings on joint replacement procedures under the program.

The team examined data from nearly 4,000 lower extremity joint replacement patients at Baptist Health System in San Antonio, Texas, which were recorded between July 2008 and June 2015. Costs for implants and post-acute care both dropped notably at Baptist, the study found, by an average of 29% and 27%, respectively, per case. Overall, spending on such procedures dropped by 20% at Baptist hospitals, according to the study.

To view the original article in its entirety, click here.

Study: In healthcare price negotiation, insurer size matters
by Leslie Small

Fiercehealthcare.com- Larger health insurers are able to negotiate lower prices with providers, according to a new study. But that doesn't necessarily mean payer consolidation is the answer to keeping healthcare costs in check.

To view the original article in its entirety, click here.

U.S. Cancer Death Rates Continue to Fall: Report
by Alan Mozes

Consumer.Healthday.com- Cancer death rates in the United States have dropped 25 percent since the early 1990s, a new report reveals.

To view the original article in its entirety, click here.

Trading Hospital Rooms for Hotel Suites
by C.J. Hughes

nytimes.com- As patients increasingly travel for medical treatment, developers are seizing on the benefits of situating hotels near major medical centers.

To view the original article in its entirety, click here.

How Trump's travel ban could hit medical tourism hard

chicagobusiness.com- Many patients travel from the Middle East to the U.S. for medical care. Trump's travel ban may prompt international patients to have procedures done elsewhere.

To view the original article in its entirety, click here.

Trump health nominee says he does not back Medicare privatization
by Toni Clarke and Susan Cornwell

reuters.com- Tom Price, President Donald Trump's nominee to run for the U.S. Department of Health and Human Services, stands with Trump as he does not want to cut the federal health program for the elderly.

To view the original article in its entirety, click here.


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JOB OPPORTUNITIES
Do you know of any available job openings relative to the U.S. domestic medical travel industry? We encourage readers to submit any available, relevant job opportunities along with its descriptions and requirements for fellow readers and industry professionals to consider. All submissions are appreciated.

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Copyright © 2016
U.S. Domestic Medical Travel™

About U.S. Domestic Medical Travel
U.S. Domestic Medical Travel, a sister publication to Medical Travel Today www.medicaltraveltoday.com, is a newsletter published by CPR Strategic Marketing Communications, an international marketing and public relations agency based near New York City that specializes in healthcare and life sciences. In the new era of health reforms, U.S. Domestic Medical Travel discusses the growth of domestic medical travel and its importance to hospitals, employers, insurers, health plans, government, TPAs, brokers and other intermediaries.

For advertising inquiries, please email us at editor@USDomesticMedicalTravel.com

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Spotlight Interview

SPOTLIGHT: Marc Grossman, CEO, Price MDs

News in Review

Without the Affordable Care Act Will Medical Tourism Increase?

Repeal of Affordable Care Act Impacts International Medical Travel

Health IT leaders react to Trump immigration travel ban, implications for workforce, innovation

Key Destinations for International Medical Travel

Bundled payments cut costs but will face opposition from new administration

Study: In healthcare price negotiation, insurer size matters

U.S. Cancer Death Rates Continue to Fall: Report

Trading Hospital Rooms for Hotel Suites

How Trump's travel ban could hit medical tourism hard

Trump health nominee says he does not back Medicare privatization