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Japan announces initiative to boost medical tourism


June 30th, 2010 by Formosa Medical Travel

Japan’s Economy, Trade, and Industry Ministry has announced plans to launch a government-run company in 2011 which will be aimed at increasing inbound medical tourism.The Ministry has targeted medical tourism as an area for growth in coming years, and plans to grow the mediacl industry by attracting foreign patients.


The new company, which will be funded by both the private and public sector, will become operational in 202. It is likeley that patients in China, Russia, the Middle East, and other nations will be the targets of this initiative, with a focus on partnering with domestic medical services in these countries to form a referral system.


Japan’s Yomiuri Shinbon reports that the Ministry has already allocated approximately 100 million yen ((about $1.1m USD).  These funds are intended to cover the company’s startup costs, while other investment is expected to come from both government-affiliated entities and private companies.


Japan has, in the recent months and years, taken steps to increase its standing in the medical tourism industry. With hundreds of thousands of patients traveling yearly to other countries in the region such as Thailand, Taiwan, and Singapore, Japan hopes to tap into the ever-growing medical tourism market. This latest initiative is the product of an expert panel that was set up by the Economy, Trade, and Industry Ministry last fall.


Japan’s medical industry has many advantages that may attract foreign patients. While costs may be higher than in nations such as Thailand and Taiwan, Japan’s modern medical infrastructure and technology is among the best in the world. As a highly-developed country, Japan stands alongside only Taiwan and Singapore as a first-world medical tourism destination in Asia.



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 cost comparison


November 29th, 2009 by Formosa Medical Travel

As a medical tourism destination, Taiwan offers significant savings over the United States for many medical procedures. With the latest technology, state-of-the-art equipment, and medical centers that rival the finest hotels, Taiwan offers a medical tourism experience that is unparalleled in the world. Patients can expect to experience savings as high as 80% for many procedures – even after the cost of airfare.



Cost comparison for major procedures

medical tourism cost comparison


The prices shown here are only estimates, and will vary from patient-to-patient. Formosa Medical Travel offers single knee replacement surgery, single hip replacement surgery, double knee replacement surgery, and double hip replacement surgery in Taiwan for costs dramatically lower than those in the United States.






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