How do I start a medical tourism business?

How To Start A Medical Tourism Business

1. What Exactly Is Medical Tourism?
2. Step #1: Get a Feasibility Analyst Report.
3. Step #2: Create a Business Plan and Learn Your Market.
4. Step #3: Secure Certification, Licensing, and Permits.
5. Step #4: Locate the Top Medical Care Facilities.
6. Step #5 Set Competitive yet Profitable Rates.

Is medical tourism legal in India?

The Government of India recognizes and categorizes medical tourism as niche tourism. The development of medical visa casts a duty upon hospitals and healthcare centres to not entertain tourists who seek medical treatment but have not applied for the medical visa and are visiting under the general tourist visa.

How much does India earn from medical tourism?

Medical tourism is a growing sector in India. In mid–2020, India’s medical tourism sector was estimated to be worth US$ 5–6 billion. In 2017, 495,056 patients visited India to seek medical care.

What does a medical tourism company do?

Medical tourism or health tourism providers assist travellers in planning their medical travel. They offer complete information on medical facilities, service providers, medical professionals, travel agencies, resorts, medical/travel insurance overseas as well as of local areas.

How do medical tourism companies make money?

The medical tourism companies mainly earn by gaining a commission from hospitals and nursing homes by referring tourists traveling for the sake of medical treatment. Furthermore, they receive a particular percentage of monetary compensation from these institutions, an amount that increases with time.

Which state of India is leading in medical tourism?

Which state of India is leading in medical tourism? The leading destinations of medical tourism in India are Andhra Pradesh, Karnataka, New Delhi, Kerala, Tamil Nadu, and Maharashtra. And among many Indian states, Andhra Pradesh is slowly getting hold of the top position.

Is medical tourism Legal?

Medical tourism is legal in almost all respects, primarily because there is very little regulation, and therefore very little legal protection. However, there are ways to protect yourself before you go.

Why do medical tourist come to India?

The leading factor encouraging tourists seeking medical help from different countries to visit India is the low cost of treatment. Developed countries have lengthy and cumbersome vias and immigrant formalities. Moreover, hospitalization, treatment, medication, etc. cost much higher.

Which city is best for medical treatment in India?

1. Chennai. One of the most popular destinations for medical treatment in India. A Confederation of Indian Industries study found around 40% of the people chose to get treated in Chennai for its high-quality treatment.

Is medical tourism a good idea?

Medical tourism can give you faster access to the services you require. Many individuals who live in nations that provide public healthcare find that medical tourism gets them off the waiting list so their health won’t have to suffer as they wait. In other words, when time isn’t an option, medical tourism is.

Which country is best for medical tourism?

Top 5 Countries For Medical Tourism

1. India. For patients in need of cardiac and orthopedic surgeries, India is growing in medical travel popularity.
2. Singapore.
3. South Korea.
4. Bulgaria.
5. Panama.

What are the disadvantages of medical tourism?

Among the disadvantages of medical tourism is the one related to health insurance companies, who may refuse to cover a patient going abroad for legitimate reasons, or may actually encourage patients to go abroad if the treatment is cheaper, but then not cover the airfare and other expenses.