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Kinmen welcomes Chinese investment on tourism industry


June 2nd, 2010 by Formosa Medical Travel

From http://focustaiwan.tw/ShowNews/WebNews_Detail.aspx?ID=201005290007&Type=aECO


Kinmen, May 29 (CNA) The Kinmen County government said Saturday that it welcomes a partly Chinese-funded joint venture that will build a resort and shopping center on the island of Kinmen.

The Investment Commission under the Ministry of Economic Affairs approved the project on Thursday, in which a Chinese company from Fujian Province plans to invest about NT$50 million (US$1.56 million) to set up a company with a Taiwanese partner on the offshore island.

The joint venture — which will be 49 percent owned by the Fujian-based company and 51 percent by the Taiwanese side — will be the first time a Chinese company has invested in Taiwan’s tourism industry.

Hsiao Yung-ping, an official at the Kinmen Industrial Development and Investment Promotion Commission, said that the company is eying the increased number of tourists traveling via the direct transport links between the Chinese city of Xiamen and the Taiwanese islands of Kinmen and Matsu — the so-called “mini-three-links.” Kinmen County’s efforts to make itself an island of medical tourism and leisure travel also provide a lot of business opportunities, he added.

Hsiao said that Kinmen County offers various investment incentives and will provide assistance to companies in need. (By Ni Kuo-yen and Fanny Liu)



Formosa Medical Travel launches first Medical Tourism video


December 23rd, 2009 by Formosa Medical Travel

Formosa Medical Travel has launched its first Medical Tourism video, featuring an explanation of Taiwan’s world-class healthcare system, profiles of hospitals and medical centers, and insight from medical travelers. View the video below:




Hip Replacement Cost


December 20th, 2009 by Formosa Medical Travel

Hip Replacement Cost Analysis


The United States has among the highest costs in the world for hip replacement surgery. An American with no health insurance can expect to pay upwards of $45,000 at a typical hospital. Those with insurance will, barring a few exceptions, be covered by their provider. However, out-of-pocket expenses can still be costly for those who have health insurance. Patients with Medicare are eligible for hip replacement surgery.


For American patients without health insurance, it is worth considering medical tourism – leaving the country for hip replacement surgery. Many countries in the world offer hip replacement procedures for costs dramatically lower than those in the United States. We have listed hip replacement cost estimates for various medical tourism destinations, as well as the United States, in the chart below. The cost of total hip replacement surgery will also vary from patient to patient, depending on factors such as age and medical history.

 

Hip Replacement Cost
Price Estimates

United States:$50,0800-$65,000
Singapore: $17,000-$23,000
Thailand: $15,500-$17,500
Taiwan: $8,000 – $13,000
India $8,000 – $12,200

 

 

 

 

Formosa Medical Travel works on behalf of patients seeking affordable knee and hip replacement surgery in Taiwan. As one of the world’s most developed countries, with a healthcare system ranked among the best, English-speaking doctors, no visa requirement, and some of the lowest surgical prices in the world, Taiwan has emerged as one of the most popular destinations for Americans seeking low-cost hip replacement surgery.


At Formosa Medical Travel, there is no charge for our services, and your procedure is fully insurable against complications through a US Insurer. Most of the hospitals in our network have been accredited by Joint Commission International (JCI). These world-class facilities provide outstanding care at rates far lower than those in the United States. We will book your surgery, transfer medical records, assist in finding your flight and hotel, and we’ll be there at the airport when you arrive, all at no cost to you.



Medical tourism poised to change the industry


December 3rd, 2009 by Formosa Medical Travel

By Julie Sturgeon, Uptake Travel Industry Blog

There’s a new player in town, and there’s no doubt many travel services will welcome it with open arms.

OK, medical tourism wasn’t born yesterday — insiders estimate there are thousands of companies doing this around the globe, many of them mom-and-pop operations — but pretty darn close. More importantly, it’s growing up quickly, with Formosa Medical Travel predicting a 14 percent growth in Asian markets alone from 2009 – 2012. In a year when any growth at all elicits applause, that’s a dazzling future. What’s more, Formosa says high-cost surgeries like orthopedic, cardiac, and cosmetic top the list of drivers for medical tourism.

So American-owned Formosa has quietly built a travel niche from this trend, signing agreements with leading hospitals in Taiwan, and recently earning the backing of the Taiwan External Trade Development Council. Taiwan’s health care system is currently considered  one of the most efficient in the world, with administrative costs below 2 percent.

“While the debate over health care reform in the United States continues, the costs of medical care in Taiwan remain among the lowest in the world,” said Don Gilliland, Formosa’s chief operating officer, in a November 30 press release.  For example, the price of total knee replacement surgery at a JCI-accredited hospital in Taiwan, including all surgical costs, VIP accommodations, concierge service, transportation, and round-trip airfare, is generally less than $15,000, while the price in the United States is often upwards of $60,000.

At the moment, Formosa specializes only in arrangements for knee and hip replacement surgeries. And, sticking to the traditional travel agency format, it does not charge a fee for its role in the planning…

Read Full Article

Article courtesy Uptake Travel Industry Blog



Formosa Medical Travel Promotes Taiwan as a World-Class Medical Tourism Destination for Americans, TAITRA Announces


November 30th, 2009 by Formosa Medical Travel

TAIPEI, Taiwan– Marking another step in the development of Taiwan’s medical tourism industry, TAITRA announces Formosa Medical Travel, the first American-owned and operated medical tourism agency offering service in Taiwan.

“We believe that this is a great step in the emergence of Taiwan as a premier medical tourism destination,” said TAITRA. “Formosa Medical Travel has entered into agreements with three of Taiwan’s major hospitals this year, including Tungs’ Taichung MetroHarbor Hospital, Show Chwan Memorial Hospital, and Changhua Christian Hospital. With their comprehensive website and premium level of service, Formosa Medical Travel offers patients an easy way to take advantage of the first-rate, affordable medical care offered in Taiwan.”

Taiwan’s healthcare system has long been praised as one of the most efficient in the world, with administrative costs below two percent. “While the debate over healthcare reform in the United States continues, the costs of medical care in Taiwan remain among the lowest in the world,” said Don Gilliland, Chief Operating Officer of Formosa Medical Travel. “For example, the price of total knee replacement surgery at a JCI-accredited hospital in Taiwan, including all surgical costs, VIP accommodations, concierge service, transportation, and round-trip airfare, is generally less than $15,000, while the price in the United States is often upwards of $60,000.”

Medical tourism has surged in recent years, as an increasing number of Americans are turning to lower-cost healthcare overseas as a way to save on medical bills. “Medical tourism is also drawing the attention of self-insured employers and small business owners,” said Gilliland, “because it is an effective way to reduce healthcare costs while still offering first-rate medical care to employees.”

Formosa Medical Travel’s website, FormosaMedicalTravel.com, offers patients a simple and comprehensive way to review doctors’ resumes and credentials, hospital accreditations and surgery prices, as well as frequently asked questions and a detailed explanation of procedures. With a simple three-step approach, Formosa Medical Travel assists patients in every step of the medical travel process, from start to finish.

About Formosa Medical Travel

Formosa Medical Travel, an American-owned and operated medical tourism company based in Taipei, works on behalf of American patients seeking high-quality medical care at affordable prices, connecting them with a network of world-class hospitals located in Taiwan. As a full-service medical tourism company, Formosa Medical Travel assists patients in all aspects of the process, from booking surgery and transferring medical records, to assistance in finding air travel and providing personalized concierge service. There is no charge to the patient for these services. To learn more, visit http://FormosaMedicalTravel.com.

About TAITRA

Founded in 1970 to help promote foreign trade, the Taiwan External Trade Development Council (TAITRA) is the foremost non-profit trade promotion organization in Taiwan. Jointly sponsored by the government, industry associations, and several commercial organizations, TAITRA assists Taiwan businesses and manufacturers with reinforcing their international competitiveness and in coping with the challenges they face in foreign markets.

TAITRA boasts a well-coordinated trade promotion and information network of over 600 trained specialists stationed at its Taipei headquarters, four local branch offices in Hsinchu, Taichung, Tainan and Kaohsiung, and over 48 overseas branch offices worldwide. TAITRA’s Service Industry Promotion Center was inaugurated in July 2006 to facilitate the globalization of Taiwan’s burgeoning service industry.



Medical tourism to experience resurgence, says Deloitte


November 11th, 2009 by Formosa Medical Travel

In a new report, the Deloitte Center for Health Solutions projects medical tourism to rebound strongly from the effects of the economic recession in coming years.


The report, entitled “Medical Tourism: Update and Implications”, says that while outbound medical travel from the United States fell by nearly 14% between 2007 and 2009 as a result of the recession, it is predicted to show a strong resurgence as economic conditions improve. The number of outbound medical travelers could be as much as 5 million per year by 2017, the report suggests, if the industry continues to grow at the expected rate of 35% per year.


Paul H. Keckley, executive director of the Deloitte Center for Health Solutions,  expects outbound medical tourism to continue its rapid growth despite the efforts at healthcare reform in the United States. “There is nothing in current health reform bills that decelerates the cost of care,” said Keckley, “so that contributes to the appetite that people have.”


Healthcare costs will continue to rise by six percent per year for the next decade, the report says, making medical tourism an increasingly attractive option for the aging US population. With medical tourism “offering savings of up to 70 percent after travel expenses, we anticipate that the industry will recover from the current economic downturn,” said Heckley.  ”Medical tourism represents an important option for patient populations who need care but lack adequate out-of-pocket funds to afford a procedure in the U.S., or those who seek lower prices for purposes of savings.”

Medical tourism represents an important option for patient populations who need care but lack
adequate out-of-pocket funds to afford a procedure in the U.S., or those who seek lower prices
for purposes of savings.


International Medical Services Industry Forum 2009


November 9th, 2009 by Formosa Medical Travel

On Thursday, November 6th,  the International Medical Services Industry Forum 2009 was held at the World Trade Center in Taipei, Taiwan. Representatives from a number of different countries were in attendance at the event, which was sponsored by the Taiwan External Trade Development Council ( TAITRA).


The opening remarks were made by speakers from the Bureau of Foreign Trade, the Ministry of Economic Affairs, the Department of Health, and the Executive Yuan. The first keynote speech centered on the development of cardiac care in Taiwan, with a case study of Cheng Hsin General Hospital by Dr. Jeng Wei, the director of the heart center at Cheng Hsin. The second speech addressed the competitive advantages of plastic surgery in Taiwan, and was given by Dr. Yuen-Bih Tang, the director of plastic surgery at National Taiwan University Hospital.


After a short break, Dr. Gan Se Khem, the executive chairman of Health Management International gave an excellent speech on the strategic marketing of medical tourism in Asia. Finally, Dr. William Shwetzer from Tao Garden Health Spa and Resort gave a presentation on the integrative medical resort in Thailand.


The four-hour conference was very informative and well-attended. Formosa Medical Travel representatives were in attendance to answer questions presented by the hospitals and clinics that were present, as well as address the emergence of the American medical tourism market in Taiwan.



Knee Replacement Alternatives


November 3rd, 2009 by Formosa Medical Travel

Knee Replacement Alternatives

There are a number of alternatives to knee replacement surgery that sufferers of osteoarthritis should consider before getting a total knee replacement. As the cost of knee replacement surgery increases in the United States, many people are exploring new methods for arthritis relief.

 

Most knee replacement alternatives focus on limiting pain, rather than treating the cause. Some options include anti-inflammatory medications, lifestyle changes, and other treatments – which can often reduce the pain caused by osteoarthritis, and delay the need for a knee replacement. In the intermediate stages of osteoarthritis, many patients are given joint fluid therapy, also known as “chicken shots” or “rooster juice“.  Chicken shots for knee pain relief are a currently a very popular alternative to total knee replacement surgery.

 

Cortisone shots and Synvisc injections are also often succesful in limiting knee pain in the short term. However, in many cases, patients who are seeking a long-term solution to osteoarthritis should consider surgical treatment.

 

Before getting total knee replacement surgery, consult your doctor about some of these less-expensive alternatives.



Formosa Medical Travel Adds Three of Taiwan’s Leading Hospitals to Medical Tourism Network


October 2nd, 2009 by Formosa Medical Travel

TAIPEI, Taiwan– Formosa Medical Travel, a medical tourism facilitation company headquartered in Taipei, has entered into agreements with three of Taiwan’s leading hospitals, with the assistance of the Taiwan External Trade Development Council (TAITRA). Tungs’ Taichung MetroHarbor Hospital, Show Chwan Memorial Hospital, and Changhua Christian Hospital are the three newest members of Formosa Medical Travel’s network.

 

“We believe that Taiwan is destined to develop into one of the leading countries in Asia’s medical tourism market,” said Tom Griffith, Executive Vice President of Formosa Medical Travel. “The quality of medical care in Taiwan has long been lauded for its efficiency and modernity, and these three facilities stand at the forefront. We know that medical travelers will find Taiwan to be a very accessible, highly-developed country, and these world-class facilities reflect a healthcare system that ranks among the finest in the world. We are thrilled to form a relationship with these world-class facilities and their medical teams.” With this expansion of its network, Formosa Medical Travel has increased the options available to patients seeking low-cost solutions in medical tourism.

 

Among Americans, medical tourism has experienced rapid growth in recent years, as an increasing number of patients seek alternatives to high costs in the United States. Taiwan provides one of the appealing options in travel, with internationally-accredited hospitals, world-class healthcare professionals, the latest in medical technology, and friendly, patient-oriented services. Taiwan’s highly-developed medical infrastructure, combined with its low administrative costs and efficient service, has allowed it to offer medical procedures at costs competitive with the world’s most popular medical travel destinations.

 

“Our hospital was accredited last year by Joint Commission International, an international branch of JACHO, U.S.A. FORMOSA has visited us many times and were very impressed by the high quality and reasonable cost of our joint replacement procedure,” said Jui-Lung Tung, Vice Superintendent (Administration) of Tungs’ Taichung MetroHarbor Hospital. Show Chwan Memorial Hospital and Changhua Christian Hospital also expressed their high expectation about the collaboration. They believe this not only marks another step in the emergence of Taiwan as a premier destination in medical tourism, but also proves the high quality of Taiwan’s medical service.

 

About Formosa Medical Travel

 

Formosa Medical Travel works on behalf of patients seeking affordable knee and hip replacement surgery abroad, connecting them with a network of world-class hospitals located in Taiwan. These facilities provide outstanding medical care while offering patients significant savings. Formosa Medical Travel books patients’ surgery, transfers medical records, assists in finding flights and hotels, and provides concierge services to customers in Taiwan. There is no charge to the patient for these services. To learn more, visit Formosa Medical Travel

 

About TAITRA

 

Founded in 1970 to help promote foreign trade, the Taiwan External Trade Development Council (TAITRA) is the foremost non-profit trade promotion organization in Taiwan. Jointly sponsored by the government, industry associations, and several commercial organizations, TAITRA assists Taiwan businesses and manufacturers with reinforcing their international competitiveness and in coping with the challenges they face in foreign markets.

 

TAITRA boasts a well-coordinated trade promotion and information network of over 600 trained specialists stationed throughout its Taipei headquarters, four local branch offices in Hsinchu, Taichung, Tainan and Kaohsiung, and over 48 overseas branch offices worldwide. TAITRA’s Service Industry Promotion Center was inaugurated in July 2006 to facilitate the globalization of Taiwan’s burgeoning service industry.



Medical Tourism in Taiwan


September 30th, 2009 by Formosa Medical Travel

At Formosa Medical Travel, we work on behalf of patients seeking affordable knee and hip replacement surgery abroad, connecting them with a network of world-class hospitals located in Taiwan. These facilities provide outstanding medical care while offering patients significant savings. We book patients’ surgery, transfer medical records, assist in finding flights and hotels, and provide concierge services to patients in Taiwan. There is no charge for our services.


With medical teams that speak fluent English and are trained and educated in the United States, American patients can have confidence that the quality of healthcare they will receive in Taiwan will meet or exceed that of the United States – at a fraction of the cost.


Formosa Medical Travel specializes in facilitating knee and hip replacement surgery, and nothing else. Since this is our only focus, we are able to provide our patients with a level of service for joint replacement surgery that is unparalleled in medical travel.


Unlike most medical travel facilitators, we do not offer a wide variety of procedures in a dozen different places. We operate in Taiwan, a modern, developed country, and we have close relationships with our network of hospitals and doctors.


Formosa Medical Travel works hard to ensure a comfortable and rewarding medical trip to Taiwan. We make traveling for medical care safe, easy, and affordable. After you get in touch with us via e-mail or phone, we will provide you with the information and guidance you need to choose a hospital and doctor. Then, we’ll assist you in requesting your surgery, transferring medical information, obtaining an evaluation from your medical team, booking an initial consultation, and scheduling your surgery. We will help you book your flight and hotel. When you arrive in Taiwan, we’ll be waiting for you at the airport. All necessary transportation will be arranged. We’ll take care of all the details – from your arrival to your departure.






New! Medical Tourism Video



 

 

 

 

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