If you were a hospital administrator how would you react when a number of patients and companies began to ask to bargain about prices, including presenting quotations from companies like Ind US health? What would be the difference in the bargaining position of an academic medical center and a large tertiary community hospital system? How might state and rational governments respond to the expanding phenomenon of medical tourism?
(Please see attached case study for full problem description)
If you were a hospital administrator, how would you react when a number of patients and companies began to ask to bargain about prices, including presenting quotations from companies like IndUShealth?
As a hospital administrator, I would not be delighted if a number of patients and companies began to bargain about prices including presenting quotations from companies like IndUShealth because the costs of their medical expensive are justified for the quality of services that the hospital offered. According to the IndUShealth, they will provide a complete package to its US clients, including access to Indian specialty hospitals and to specialist physicians with US or UK board certification. The Company will arrange for postoperative care in India and for travel, lodging, and meals for patients and their family members, all for a single package price. The hospitals in India are affiliated with Johns Hopkins Medical Center and the Cleveland Clinics. These deals sounds like a very good deals already for the patients who elected to be treated in India hospitals rather than in the US. As a hospital administrator, I would ignored the reaction of the number of patients that began to ask for bargain about prices. I would fired back at the patients that still want to bargain about the prices because the prices are very good already. For example, a mitral valve replacement or heart bypass surgery cost around $55,000 to $86,000 in the US. However, the same procedure cost around $18,000 in India, including travel, food, and lodging for the patient and one companion. The expense overseas for the medical cost is way cheaper compared to the US. As a hospital administrator, I would rather promote the care we have in the US because the US system is a lot ...
Global healthcare is on the rise in the US. Since the US healthcare is too expensive, more healthcare companies are seeking ways to lower the cost of healthcare by sending their patients to other countries for healthcare. This is a problem for the US healthcare system because US citizens are now going to other countries for affordable healthcare. The US healthcare system should be modify to ensure affordable healthcare for all its citizens.