asia healthspace is a forum for promoting the discussion of the healthcare concerns affecting asia pacific today. We challenge you to join in this timely and vigorous debate.
Subscribe via Email Subscribe via RSS Subscribe via Twitter

The commoditization of the medical profession

Posted on May 17, 2009 |
Filed under: economics and reform, innovation

 

compare-angioplasty-prices-overseas-traveling-from-the-usa_1242638504405

Click to go to site

I’d never thought I’d see the day. I believe this trend is temporary but should be one of many disruptive influences which forces healthcare systems in developed countries to finally innovate.

Tej Deol, M.D.

  1. Posted May 18, 2009 at 2:48 am

    Its true that medical costs in US and europe are much higher than Asian nations and you said it will be for time being.But this trend is continuing for a very long time and I see no reason for this trend to stop.

    Thanks
    Neo

  2. Posted October 2, 2009 at 9:42 am

    I am the CEO of http://www.AllMedicalTourism.com – the site featured above. The last thing we are trying to do is commoditize the medical profession, but to try and help patients understand the complex choices they face when considering medical tourism. Our site provides a robust starting point for patients to compare their options at a country level and then dialogue with leading medical providers globally.

    Healthcare is, and always will be a personal experience. Our aim to help patients to make more informed decisions, and ensure they interact with reputable healthcare providers globally.

  3. Posted October 5, 2009 at 12:21 am

    Hi Rob,

    I appreciate your comment and want to clarify. I do not look at this as a negative phenomenon. I embrace it as a welcome “disruptive” innovation that will bring more choice to patients and ultimately upset the comfortable price protected oligopoly arrangements providers currently enjoy and that is partly responsible for the astronomical and rising cost of care. Commoditization sounds nasty but ultimately is what happens in efficient markets and ultimately provides the best quality at cheapest cost. Thus we support your efforts and wish you only success.

    Tej

Post Comment

 

Tags: