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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.



Thai hospital’s evacuation hurts medical tourism prospects


April 30th, 2010 by Formosa Medical Travel

A Thai hospital was evacuated Friday, reports Denis D. Gray of the AP, further demonstrating the effects of the country’s discord on the medical tourism industry. The protesters suspected that security forces were taking refuge in the hospital.

Chulalongkorn Hospital in downtown Bangkok suspended all but emergency services, as the Redshirt protesters scoured the premises looking for pro-government operatives. The protesters withdrew after not finding any police or soldiers in the compound.

This comes as yet another blow to Thailand’s booming medical tourism industry, as until now the protests had remained safely away from the medical industry. It is expected that Thailand’s medical tourism industry, and indeed tourism in general, will suffer greatly from the escalating tensions in the capital.

For now, the U.S. Department of state has advised against all “non-essential” travel to Thailand, warning citizens to stay away from the turmoil. For thousands of medical travelers from the United States and around the world are being forced to re-evaluate their plans, delay their medical procedures, or seek alternate destinations.

It remains to be seen what long-term effects the protests will have on Thailand’s medical tourism industry. With no end in sight, it seems likely that medical travelers seeking essential treatments will have to select an alternate destination for medical care.

Other popular medical tourism destinations in the world include Costa Rica, India, Singapore, and Taiwan.



Arthritis and Medical Tourism


January 6th, 2010 by Formosa Medical Travel

Osteoarthritis, the most common cause of knee and hip pain, afflicts an estimated 40 million Americans.  With the population of the United States aging every day, many predict that osteoarthritis will afflict as many as one out of every five Americans by the end of the decade.


Osteoarthritis causes the degeneration of the cartilage in both the knee and hip joints, causing those afflicted to experience severe pain and decreased mobility. While the condition is not life-threatening, it does have severe implications for the quality of life of those who suffer from osteoarthritis. If the condition is allowed to progress to an advanced stage, patients can find themselves very limited in their daily activities.


The only long-term solution to osteoarthritis of the knee or hip is total joint replacement surgery. Artificial joints can replace the deteriorated cartilage, and allow patients to return to their normal lives, usually with greatly increased mobility and reduced pain. Unfortunately, total joint replacement surgery is a costly procedure, especially in the United States. Patients without health insurance can expect to pay upward of $45,000 for a single knee or hip replacement surgery in the United States.


For Americans who cannot afford the cost of knee replacement or hip replacement surgery, there are options. Medical tourism, the practice of leaving one’s country for medical care, can offer patients significant savings. Many countries offer joint replacement surgery for a fraction of the cost of the same procedure in the United States. In Taiwan, both knee replacement surgery and hip replacement surgery can be obtained for under $12,000, at world-class hospitals accredited by the Joint Commission International.



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:




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.



Asian Medical Tourism Market to Post Double Digit Growth Rate


October 12th, 2009 by Formosa Medical Travel

PRLog (Press Release) – Oct 12, 2009 – High cost of treatments in developed countries is proving beneficial for medical tourism market in Asia. Resultantly, the region has emerged as one of the fastest growing medical tourism destinations worldwide. According to our new research study “Asian Medical Tourism Analysis (2008-2012)” the Asian medical tourism market is projected to grow at a CAGR of around 14% during 2009-2012.


We have done an extensive research and analysis of both current and past market trends at country level to give qualitative information of the Asian medical tourism industry’s progress over the past few years. Analysis has been done of all major markets like India, Singapore, Malaysia, Thailand, South Korea and the Philippines.


According to our research, Thailand and Singapore are dominating the market and this trend is expected to continue in future as well. The research also highlights the reasons that are driving growth in these markets, along with roadblocks before the industry.


Going ahead, our research also studies the market on types of treatments and surgeries sought by foreign medical tourists. After thorough evaluation, we have found that most of patients come for high cost surgery like Orthopedic, Cardio, and cosmetic surgery. In this segment, our research provides detailed information and analysis of number of tourist arrivals, cost analysis of different treatments and other demographics. The report gives comprehensive information about target country level market which will help clients in defining and planning their market strategy in a better way.


“Asian Medical Tourism Analysis (2008-2012)” also provides information of key competitors in the market along with their business information and areas of expertise. This will give client an additional edge over other competitors in the market. Overall, our research study provides valuable information to clients looking to venture into these markets and helps them to devise strategies while going for an investment/partnership in these markets.


Source: http://prlog.org/10372230



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.






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