Considerations for Stakeholders of Medical Tourism

2020 ◽  
pp. 23-37
Author(s):  
Nitya Saxena
Keyword(s):  
Medical Tourism ◽  
New Economy ◽  
Stakeholder Perspectives ◽  
Business Policies ◽  
The Government

Several countries are competing for a higher share in the billion dollar medical tourism market, which is expected to reach USD 28 billion by 2024. The situation is as interesting as it can get. A whole new economy has prospered around medical tourism with various stakeholders including patients, hospitals, insurers, medical tourism facilitators, and the government. The concerns of these stakeholders ought to be diverse but should not be diverging for the industry to function appropriately. The motive of this chapter is to review the economy around medical tourism from stakeholder perspectives and enlist the factors to consider while designing business policies.

Medical interpreting for business purposes and language access in ordinary hospitals in Korea

Babel ◽  
2015 ◽  
Vol 61 (4) ◽  
pp. 443-463 ◽  
Author(s):  
Sang-Bin Lee
Keyword(s):  
Training Program ◽  
Medical Tourism ◽  
Medical Personnel ◽  
Language Access ◽  
Korean Society ◽  
National Medical ◽  
Medical Interpreting ◽  
Medical Interpreter ◽  
Interpreter Training ◽  
The Government

In Korea, a first-of-its-kind national medical interpreter training program was launched in July 2009. This program was designed to assist with communication between Korean medical professionals and medical tourists who visit Korea for economical and advanced medical services. Medical tourism (MT) is Korea’s strategic industry for economic growth and the government has implemented various policies to support the MT industry, including the medical interpreter training program. Against this backdrop, recent discussion in Korean society about medical interpreting has been framed around non-resident medical tourists and tertiary referral hospitals engaging in MT. Medical interpreting has been generally considered special language services for foreign patients who seek sophisticated medical care in big-name hospitals. The need for better interpreter services has been discussed mainly in the context of MT; however, little attention has been paid to the situation of language access in ‘non-MT’ (i.e., ordinary) hospitals. The purpose of this study is two-fold. First, the study aims to explore unique conditions in Korea under which issues concerning medical interpreting have been addressed. Second, the study diagnoses problems with the medical communication in ordinary hospitals between Korean medical personnel and patients with limited proficiency in Korean.

scholarly journals SCIENTIFIC COMPREHENSION OF THE NECESSITY OF PHARMACEUTICAL TOURISM DEVELOPMENT IN UKRAINE AND THE RESEARCH OF ORGANIZATIONAL AND ECONOMIC APPROACHES AS TO ITS IMPLEMENTATION IN THE HEALTHCARE SYSTEM

World Science ◽  
2020 ◽  
Vol 2 (5(57)) ◽  
pp. 37-48
Author(s):  
O. S. Samborskyi ◽  
M. M. Slobodyanyuk ◽  
O. Y. Rogulya
Keyword(s):  
Healthcare System ◽  
Government Regulation ◽  
Medical Tourism ◽  
Tourism Development ◽  
Place Of Residence ◽  
Long Period ◽  
Complex Program ◽  
The Government ◽  
National Systems

The article proved that pharmaceutical tourism has been developed during a long period of time as an essen-tial part of medical tourism. The defined forms of activity have an integral character and contribute to the in-crease of the level of accessibility and quality of medical and pharmaceutical aid to the population outside their regular place of residence. The preconditions for activation the development of medical tourism and the necessity of being regarded as an independent activity of pharmaceutical tourism have been determined. In-stitutional components of pharmaceutical tourism (a subject, objects, subjects, forms of organization) have been outlined and described as well as the functions, which can be used on two levels: on the level of the government and the society, and in the system of pharmaceutical provision of the population and healthcare in general. The integral and dualistic character of pharmaceutical tourism as a modern activity in the system of healthcare has been substantiated. Taking into account modern tendencies as to globalization of national economics, imperfection of mechanisms of government regulation of the level of accessibility of pharmaceu-tical aid, increase of gap between different countries, groups of population or patients in the resource provi-sion of national systems of healthcare, the need for the development of medical and pharmaceutical tourism will continue in the future. It promotes the development of a complex program of their implementation in Ukraine.

scholarly journals Advancing Medical Tourism in the United Arab Emirates: Toward a Sustainable Health Care System

2019 ◽  
Vol 11 (1) ◽  
pp. 230 ◽  
Author(s):  
Hallow Al-Talabani ◽  
Hasan Kilic ◽  
Ali Ozturen ◽  
Suhad Othman Qasim
Keyword(s):  
United Arab Emirates ◽  
Medical Tourism ◽  
Health Sector ◽  
Partial Least Square ◽  
Least Square ◽  
Vision 2020 ◽  
Finance System ◽  
Health Related ◽  
The Government ◽  
Medical Infrastructure

Medical tourism provides an essential advantage for destinations. On the other hand, the knowledge of developing competitive medical tourism destinations is still limited. This study models a conceptual framework on novel ways of sustaining the United Arab Emirate (UAE) Vision 2020 with reference to the existing models on behavior. In the current study, the Theory of Planned Behavior (TPB), which is health-related, along with the Finance, System and connection (FSC) model, is employed. Using an empirically based methodology, the data for the investigation is collected with the aid of a questionnaire. As such, the study employs finance, system, and connections variables which are commonly adopted in testing medical tourism development. The designed model incorporates these three important factors that have remained the focal points in the world of medical tourism. Hence, the result reveals empirical evidence suggesting that the finance, system, and the connection factors significantly foster the growth of tourist arrivals in Dubai. Moreover, it predicates that the significant improvement in the economy of Dubai administrative government is likely to be connected with the development of its medical infrastructure. Additionally, by employing the use of SMART PLS (partial least square) software package, the structural analysis tests, like model fit, further affirms the robustness of the results. In addition, the study presents policy implication for the stakeholders in the health sector, tourism sector, and the government.

A Contemporary Analysis on the Growth of Religious Tourism and the Role of Sree Padmanabha Swamy Temple

GIS Business ◽  
2019 ◽  
Vol 14 (3) ◽  
pp. 96-101
Author(s):  
CHINTHU I B
Keyword(s):  
Medical Tourism ◽  
Capital City ◽  
Historical Background ◽  
Adventure Tourism ◽  
Natural Beauty ◽  
Large Numbers ◽  
The World ◽  
The Government ◽  
Kerala State ◽  
The Temple

The tourism sector became one of the most important industries which paved the way for economic progress in many countries. There are various types of tourism existed like Eco tourism, medical tourism, Adventure tourism, Pilgrim tourism etc.,. Tourism is promoted by the government and organizations and treated as a part of their culture. In Kerala the tourism department was organized by the government to attract tourist from worldwide they also have a vision to explore the cultural characteristics of Kerala state to the world. With its natural beauty, Kerala is famous for religious centers and every year large numbers of religious or pilgrim tourists visited Kerala.  Sree Padmanabha Swamy temple in Thiruvananthapuram, the capital city of Kerala state is one of the important religious centres which attracted large number of tourist from in and abroad. The festivals and the religious ceremonies of the temple which were originally starts during the time of Travancore ruling dynasty and its architecture are the main attractions. But now it again amazed the world through disclose of its huge treasure. The present paper tries to analyse the historical background and the main attractions of the temple and its role to promote tourism in Kerala.

Medical tourism export strategy in terms of National project "Healt care" development

2019 ◽  
Vol 2019 (4) ◽  
pp. 81-87
Author(s):  
Петр Анучин ◽  
Petr Anuchin ◽  
Наталья Юдина ◽  
Natal'ya Yudina ◽  
Евгений Чернышев ◽  
...  
Keyword(s):  
Russian Federation ◽  
Medical Tourism ◽  
Quality Management System ◽  
Market Development ◽  
National Project ◽  
Export Strategy ◽  
The Russian Federation ◽  
The Government ◽  
Care Development

The article describes strategies that the Government develops for inbound medical tourism initiatives in terms of National project “Health care”. As a global medical tourism market player the Russian Federation has promising opportunities. To estimate the potential of Russia both block and drivers of development were detected. The role of the quality management system was detected in terms of the federal project development. The need for a comparative assessment of the market development potential of the inbound medical tourism in the regions of the Russian Federation is presented.

Hub Healthcare: Medical Travel and Health Equity in the UAE

2015 ◽  
Author(s):  
Sarath Ganji
Keyword(s):  
United Arab Emirates ◽  
Local Governments ◽  
Medical Tourism ◽  
Healthcare Providers ◽  
Healthcare Budget ◽  
Global Industry ◽  
Working Paper ◽  
Medical Travel ◽  
Local Residents ◽  
The Government

In 2010, the government of the United Arab Emirates (UAE) spent a quarter of its total healthcare budget to send its citizens abroad for medical treatment. These patients, consumers who cross international borders for the purpose of obtaining healthcare, are participants in a phase of globalization referred to as “medical travel” or “medical tourism.” Their movement coincides with the cross-border flow of health services, professionals, and companies, shaping a global industry valued at as much as U.S. $55 billion. In the years ahead, this industry is expected to grow—and, in doing so, to bring a greater number of national health systems in contact with international patients and providers. Bearing witness to these changes, the UAE has increasingly looked to medical travel—and attracting international patients—to improve its health system and to diversify its economy. These outcomes, however, overshadow the equity effects that may result from the influx of such patients, potentially crowding out local residents, especially expatriates, who may see little from these gains. This working paper provides evidence, based on the examples of Dubai and Ras Al Khaimah, that medical travel presents the UAE with a mix of equity benefits and harms. To manage these harms, the paper recommends that local governments and healthcare providers incorporate monitoring and planning mechanisms into their medical travel initiatives.

scholarly journals China's Hainan Free Trade Port: Medical Laws and Policy Reform

2021 ◽  
Vol 9 ◽  
Author(s):  
Fei Qi ◽  
Yuqi Wu ◽  
Jing Wang ◽  
Qi Wang
Keyword(s):  
Public Health ◽  
Free Trade ◽  
Medical Tourism ◽  
Regulatory System ◽  
Real World Data ◽  
Security Risks ◽  
The Government ◽  
Medical Teams ◽  
Laws And Policies ◽  
Trade Port

In 2018, the government of China decided to develop Hainan Province as the country's first free trade port operating within the country's socialist system. Based on this strategy, Hainan reformed its medical laws and policies to make it freer and more open. For example, Hainan formulated policies for more rapid and convenient access of foreign medicine and sanitary equipment (MSE), allowed manufacturers to register MSE in China with real-world data (RWD), and provided legal and visa conveniences for international medical teams to carry out various activities, including: diagnosis, treatment and scientific research. Hainan's reforms are not only conducive to the improvement of local medical and public health levels, but also provide opportunities for international MSE manufacturers and medical research institutions swiftly to enter China's huge medical market. However, with opportunity comes risk: Hainan should be on guard against public health risks associated with medical tourism, and decide how to strike a reasonable balance between protecting local MSE enterprises and improving the accessibility of imported MSE through policies and legislation. Finally, the paper recommends that Hainan should improve the regulatory system as soon as possible to ensure the quality of diagnosis and treatment in its new hospitals, and deal with data and information security risks in the RWD research.

scholarly journals The Post Pandemic Revitalization Plan for the Medical Tourism Sector in South Korea: A Brief Review

2021 ◽  
Author(s):  
Byung-Ro Seo ◽  
Kyoung-Lee Kim
Keyword(s):  
Infectious Diseases ◽  
South Korea ◽  
Medical Tourism ◽  
Crisis Response ◽  
Global Market ◽  
Tourism Industry ◽  
Tourism Sector ◽  
The Government ◽  
The Impact ◽  
Practical Implications

The significant impacts of recent infectious diseases (MERS, COVID-19) demand fundamental changes and alternatives in different markets, such as tourism and the medical tourism industry. In this study, we aimed to have a historical investigation on how infectious diseases have affected the tourism industry in Korea, to reach practical implications for managing the medical tourism sector. The impact of global infectious diseases, including MERS, and COVID-19, on the tourism industry was studied in South Korea. First, the available information was collected to clarify how these two outbreaks have impacted the tourism market in South Korea, and then the government's countermeasures were studied. Investigating among the policies resulted in practical implications for the post-pandemic revitalizing plan for the medical tourism market. The infectious outbreak caused a significant decrease in the number of inbound tourists to South Korea, moreover, the crisis response system of the government has been useful so far. Hence, several practical implications can be achieved for the medical tourism market. A framework is suggested which involves 5 stages of strategies to revitalize medical tourism market. It presents remedies to revitalize the medical tourism industry and to enter the global market again. Korea's quarantine model, which succeeded in preventing COVID-19, can be a preemptive response to another pandemic in the future. The medical tourism industry policy based on Korea's quarantine model will contribute to the revitalization of the international medical tourism industry after COVID-19.  

scholarly journals Effect of Acquisition on Operating Performance of Indigenous Oil & Gas Firms in Nigeria

2018 ◽  
Vol 6 (12) ◽  
Author(s):  
Nduka Oyediya Ijedinma ◽  
Okah Vincent ◽  
Ugwuegbu Charles Onyemachi
Keyword(s):  
Operating Performance ◽  
New Economy ◽  
Secondary Data ◽  
Poor Performance ◽  
Oil Price ◽  
Statistical Tool ◽  
Return On Equity ◽  
Before And After ◽  
Speed To Market ◽  
The Government

Growth through acquisition has been a critical part of the success of many companies operating in the new economy like that of Nigeria. It is an indisputable fact that acquiring is much faster than building, speed-speed to market, speed to positioning and speed to becoming a viable company is absolutely essential in the new economy. This study evaluated the effect of acquisition on the operating performance of two oil & gas firms in Nigeria. Five research objectives, questions and hypotheses were formulated and analyzed. The study made use of secondary data. The secondary data was gotten from the financial statement of studied firms’ and were used in testing the hypothesis. In testing the formulated hypotheses, variables such as Return on Equity, Return on Assets, Gross earnings, Asset Utilization, & Financial Leverage were compared before and after acquisition using Pair Sample T-Test Statistical Tool. All the results show that the preacquisition financial positions were better off than the post-era. The study identified some of the likely reasons that could account for post-era poor performance to include hostility in the Niger Delta region which has led to pipeline vandalism, drop in oil price etc. The study hereby recommend that Since the oil price cannot be predicted, both firms should diversify some of their operations in activities that are a bit stable, profitable and competitive. The government should ensure that the relative peace experienced so far is being maintained to avoid pipeline vandalism which has adverse effect on oil production.

Sign in / Sign up

Export Citation Format

Share Document