The Cost Savings of Medical Tourism

Health City Cayman Islands, which is supported by two major healthcare organizations, Narayana Health Group and Ascension, embodies all of the above qualities and more. It is frequently mentioned in publications as an important player in the growing medical tourism industry. Its founder, famed heart surgeon Dr. Devi Prasad Shetty, was called “the Henry Ford of surgery” by The Wall Street Journal. “Henry Ford proved that the commoditization of a product makes it cheaper, makes it better, and makes it more efficient. I strongly believe that we have to commoditize the delivery of healthcare, and that is the model that we represent for the world,” said Dr. Shetty.

Medical Tourism Magazine featured Health City Cayman Islands in a December 2014 article, stating that, “Health City Cayman has put the tiny island of just 55,000 residents on the international map for more than Stingray City or Seven Mile Beach.” The article mentions Michael Lepley, a medical tourist who decided to leave his home in Tennessee to embark on a medical tourism journey to the Cayman Islands, where he underwent successful surgery to replace his left hip. Even without any health insurance coverage, Lepley noted that the entire cost, including surgery and travel was much lower than the price he had paid 5 years earlier when his right hip was replaced in the U.S. “I don’t think that’s (financial savings) the most important thing,” said Lepley. “This place was just unbelievable – the quality of care, the quality of facilities, equipment, the nurses, the technicians, food – everything’s been top notch.”

In April 2015, a little more than a year after Health City Cayman Islands opened, the facility earned the prestigious Gold Seal of Approval from JCI, the worldwide leader in accrediting the quality of healthcare. The American Medical Association has advised that companies promoting medical tourism only work with facilities that have been accredited by JCI or the International Society for Quality in Health Care (ISQua). During a press conference announcing this important milestone, Cayman Islands Premier Alden McLaughlin said, “It means that Health City now operates on par with its peers in the United States, offering the same level of top quality healthcare as some of the best hospitals in the world. It means that overseas patients are safe in the knowledge that they will receive excellent healthcare.”

Tourism DoctorSignificant cost savings – Health City Cayman Islands offers an all-inclusive single price called bundled pricing. The advantages of bundled pricing are threefold: transparency, so you know exactly what you are going to pay without any hidden costs; certainty, with precise, up-front costs for the entire surgical procedure/stay; and simplicity, with single-line billing to easily adjudicate claims. Here are a few examples of the considerable cost savings you can enjoy at Health City Cayman Islands, with our costs listed first and average costs in Southeastern U.S. states listed second, based on March 2015 exchange rates. Travel costs are not included.

Heart Bypass (CABG x 4): $31,680 ~ $151,533

Heart Valve Replacement: $30,960 ~ $186,548

Hip Replacement: $15,840 ~ $105,049

Knee Replacement: $15,840 ~ $69,214

Grand Cayman is famed for Seven Mile Beach, often rated as one of the most beautiful beaches in all of the Caribbean, Stingray City, superb scuba and snorkelling, and much more. If you are considering a medical travel experience, you are in the right place. Health City Cayman Islands provides world-class, affordable healthcare at a premier, state-of-the-art tertiary care hospital in a tropical paradise. From premier specialists – to beginning-to-end concierge services for you and your family – we will go above and beyond to ensure that your experience is exceptional in every way. Learn more by contacting us today, and be sure to check out the positive reviews we have received from patients including Michael Lepley in our video testimonials.

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