Cost of Medical Treatment
“The current price of everything that you see in health care is predominantly opportunistic pricing and the outcome of inefficiency,”are the words of one of the leading heart surgeons in India.
This stands true not only for Indian healthcare but for healthcare across the world, especially for many Western countries. The cost of even life-saving procedures such as heart surgery in the West is beyond the reach of many people; if uninsured.
It is true that when a treatment which is as serious as heart surgery, brain surgery or cancer treatment is involved, quality is the most important thing. And the Cost should take a back seat.
On the contrary, these treatments are among the most expensive treatments. This is because they require sophisticated technology which comes at a high cost. And the treatment requires highly specialized doctors and surgeons, who obviously charge a premium.
There are two important points here. One, you should have the money to pay for the high-quality treatment. Second, you would obviously not want to spend all your life’s savings to treat the disease.
Patients thus look for high-quality treatment options abroad at affordable prices.
Medical Tourism
Medical tourism opens the door to wider options. You can choose from the best hospitals in the world when you opt for treatment abroad. This is a boon for medical travelers from countries such as Kenya, Tanzania, Uganda and other African countries. The medical facilities in these countries are not as advanced as available in a few other countries around the world.
Medical tourism is a great option even for medical travelers from countries such as USA, UK, Canada, Australia, New Zealand, and other Western countries. The cost of medical treatment here costs a bomb for uninsured or underinsured. And procedures such as plastic surgery, bariatric surgery and dental cost a fortune.
Recognised Medical tourism companies like IndiCure that provides advisory and facilitation to patients from across the world, is often asked these questions:
Why is the cost of medical treatment in India so less? What makes the cost of medical treatment in India so less? Is there a catch? How much does kidney transplant cost in India? How much does open heart surgery cost in India at best heart hospitals in India? And WHY SO LESS?
Cost of Medical Treatment in India
An open heart surgery that costs anywhere around $50,000 in the U.S, costs just $6,000 in India.India is not only the home to the world’s best heart surgeons, India has also shown that the costs can be substantially contained with efficiencies and economies of scale.
Quality treatment at an affordable cost is the primary reason for the huge rise in medical tourism in India. This is without compromising on the quality of care. The heart surgeons in India are counted among the best heart surgeons in the world. And few private and corporate hospitals in India are at par with the hospitals in the Western countries. This goes for other surgeons and hospitals as well- bariatric, neurosurgeons, spine surgeons, plastic surgeons.
People often wonder and are even skeptical why is the cost of heart surgery in India so less? Or even for that matter the cost of medical treatment in India so less despite offering the best services.
One major reason is the exchange rate, 1 USD equals 68 Indian rupees and 1 pound equals 90 Indian rupees. So, for people living in Western countries, the exchange rate is much favorable for making Indian services affordable.
Besides the exchange rate, the cost of the endowment is less in India. Also, India is a growing market because of its rising population and increasing demand for healthcare services making healthcare a rapidly expanding market.
Medical equipment manufacturers are looking at India as their most important market and technology is available at much lower rates. All these factors together contribute to making the whole economics of healthcare delivery much affordable. And thus India is able to deliver low-cost medical treatment even with best surgeons in the world.
Global health care costs are rising at an alarming rate as countries move towards universal health coverage. They are definitely going to face the challenge India has posed by providing highly affordable medical treatment thus giving international medical tourism industry yet another better and affordable option.
If you are also looking for low cost affordable medical treatment with the best surgeons in the world, India is the best option. Hospitals in India are world class offering services with a warm touch.
For treatment at best hospitals in India, contact IndiCure. IndiCure has earned the reputation of being the most renowned and best health agency in India with hundreds of happy patients from around the globe.
For planning your trip to India, you can write to us at [email protected] or call us at +91-932-003-6777 (India) or +1-877-270-2448 (US Toll-Free) or talk to us at Skype @ Indicure
