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MedTripInfo in Healthcare Finance News

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The current edition of Healthcare Finance news includes a story on medical tourism's role in promoting price transparency. The article quotes from the MedTripInfo/MedPharma Partners white paper on medical tourism and also includes comments from me. The author provides an overview of next week's medical tourism conference in Washington, DC where I'll be a speaker.

Interview with Jonathan Edelheit (transcript)

David Williams: This is David Williams, CEO of MedTripInfo.com. Jonathan Edelheit is an executive at a company that sells limited benefit health plans, which are sometimes called Mini Meds. These plans cover day-to-day expenses but they don't cover major surgery. Jonathan's involvement in medical tourism began as a way to add affordable major medical coverage to Mini Med Plans. But now, he's going a step beyond, by founding the Medical Tourism Association.

In case you can't make it overseas but still want to pay a reasonable price...

In What are the real savings in medical tourism?, Dr. Michael D. Horowitz suggests uninsured patients negotiate pricing upfront with their US-based provider rather than waiting for the bill, which invariably will be for much more than the inflated prices that insurance companies pay.

But how can a typical consumer handle such negotiations --and do so without offending the providers on whom they are relying for their health?

What are the real savings in medical tourism?

Michael D. Horowitz, MD, MBAThe MedTripInfo site has a commentary posted on August 9, 2007 by David Williams: “What questions should health plans and employers be asking about medical tourism?” In this commentary, item 8 poses the question: “How much am I likely to save ...?” Mr. Williams indicates that most of the estimates tossed around claim “90% savings”, however, a methodical analysis of the true savings potential for an insured population has not been reported.
My research on medical tourism allows me to provide some perspective on this question. In explaining the methodology of my analysis, readers will understand why this is such a difficult number to come by. In addition, this preliminary work may serve as a useful framework for others who wish to address this question.

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