Offshore medical procedures are conducted for as much as one-tenth the cost of a comparable treatment in North America. There are several reasons why offshore treatment is inexpensive.
The developing world's economies are at different levels than in the US. This means that the cost of establishing and operating a world class medical institution in India, for example is a fraction of what it would be in New York
In the U.S. high fees are driven by expensive labor overhead, administrative expenses and insurance premiums. According to a recent report by World Health Organization more than 71 percent of hospitals costs are labor related which helps to explain some of the cost advantages for countries with low labor costs. Expensive medical malpractice insurance, administrative fees associated with analyzing claims, increased surcharges and similar fees charged to each patient within the U.S. are some of the costs that the offshore facilities are not burdened with
Lower malpractice insurance. While doctors in the US typically pay $100,000 annually, an equally qualified doctor in India pays as little as $4000
FASTER - Immediate. No Wait Times
Social security in many parts of the developing world is very different from what we are used to in North America. In India, medical procedures can be carried out in most cases almost immediately for cash paying patients. Unlike in some of the developed nations the new corporate super specialty hospitals overseas have no long wait times and eliminate the months of agony patients have to go through as they wait for treatment to be scheduled.
BETTER - High Quality of Care
Quality is of utmost importance. Despite the operational and establishment costs of hospitals in the developing world being lower, the medical capability in most cases is better than what you would be accustomed to. Developing countries have benefited from their developing status, in that they have directly invested in second generation technology, completely bypassing the old equipment and techniques that are in use in many parts of the western world even today.
In fact, these hospitals have spent the last few years preparing for the explosive growth of medical tourism specifically adhering to the same high standards that we in the United States have come to trust.
The doctors, many of whom are trained in U.S medical schools, are among the best in the world and the patient to nurse ratio in all hospitals are better than in any western facility.
Single bed hospital rooms too will surprise you with their high standards, often competing with guest rooms in luxurious five star hotels.
