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HAVE COVERAGE, WILL TRAVEL!
Turkey: An Ideal Option for Americans With
            Medical Insurance

    David Boucher, MPH, FACHE
 President and Chief Operating Officer
            March 13, 2010
•   Benefits Consulting & Medical Tourism Launched in 2007
•   Wholly-Owned Subsidiary of BC BS of South Carolina
•   Sister Company of Companion Life, P&C, CDS
•   Member of International Society of Quality in Healthcare
    (ISQua)
•   A Network of JCI-Accredited, Lower Cost Hospitals in
    Overseas Locations
•   Concierge Travel Arrangements
•   Case Management
•   Aftercare Services
•   Related Medical Travel Insurance Products
The Reality of Care in Turkey




                                      Kent Hospital, Izmir
Anadolu Medical Center, Istanbul




                                   Acibadem Healthcare, Istanbul
Selling Points of Medical Tourism in
               Turkey
•   33 JCI-Accredited Hospitals – fully credentialed care
•   Modern Hospitals Built to Western Standards
•   The Latest Medical Technology
•   Well-Trained Physicians, many with Western Training
•   Reasonable, All-Inclusive Prices for Care
•   Non-Stop Flights from Multiple US Cities
•   Developed Infrastructure
•   Potable Water
•   Many English Speaking People
•   Historical Places for Sightseeing
•   Temperate Weather
•   Friendly People
•   Excellent Clinical Outcomes
The Perfect Storm…..
  ….. Leading Americans to Travel Abroad for
               Surgical Care:
 The Perfect Storm:
   Already high costs for unknown quality of healthcare
   Silver Tsunami & Chronic Diseases (sharply increasing demand)
   Decreasing Supply of MDs and RNs

 Ease and Affordability of International Travel
 Identical Technology and High Standards of
     Care in Other Countries
 Hospitality Differentials
Current Business Models
• Employer Direct > Self-Insured Employers

• Third Party Administrator (TPA) Direct > Through FlexMED

• Dental Insurer with > 130,000 members

• All of these incent members to voluntarily travel abroad for
  surgery
Related Medical Travel Insurance
           Products

• Employer-Sponsored, Member-Centric
  Medical Travel Insurance



• Employer E&O Coverage Specific to
  Benefit-Directed Medical Travel
Actions Required For Turkish
 Medical Travel To Flourish
• Tourism Marketing on Turkey
   – “Invest in Turkey” campaign
   – Popular Travel Magazines
   – Patients Beyond Borders – Turkey Edition
• Employer Benefit Changes In The U.S.
   – Shared Savings via HRAs
• Comparable Outcomes Data
• Work with Multinational Corporations in Turkey
Questions?

 David Boucher, President & COO
David.Boucher@CompanionGroup.com
           803-264-3256

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Day2 s2davidboucher

  • 1. HAVE COVERAGE, WILL TRAVEL! Turkey: An Ideal Option for Americans With Medical Insurance David Boucher, MPH, FACHE President and Chief Operating Officer March 13, 2010
  • 2. Benefits Consulting & Medical Tourism Launched in 2007 • Wholly-Owned Subsidiary of BC BS of South Carolina • Sister Company of Companion Life, P&C, CDS • Member of International Society of Quality in Healthcare (ISQua) • A Network of JCI-Accredited, Lower Cost Hospitals in Overseas Locations • Concierge Travel Arrangements • Case Management • Aftercare Services • Related Medical Travel Insurance Products
  • 3. The Reality of Care in Turkey Kent Hospital, Izmir Anadolu Medical Center, Istanbul Acibadem Healthcare, Istanbul
  • 4. Selling Points of Medical Tourism in Turkey • 33 JCI-Accredited Hospitals – fully credentialed care • Modern Hospitals Built to Western Standards • The Latest Medical Technology • Well-Trained Physicians, many with Western Training • Reasonable, All-Inclusive Prices for Care • Non-Stop Flights from Multiple US Cities • Developed Infrastructure • Potable Water • Many English Speaking People • Historical Places for Sightseeing • Temperate Weather • Friendly People • Excellent Clinical Outcomes
  • 5. The Perfect Storm….. ….. Leading Americans to Travel Abroad for Surgical Care:  The Perfect Storm: Already high costs for unknown quality of healthcare Silver Tsunami & Chronic Diseases (sharply increasing demand) Decreasing Supply of MDs and RNs  Ease and Affordability of International Travel  Identical Technology and High Standards of Care in Other Countries  Hospitality Differentials
  • 6.
  • 7.
  • 8. Current Business Models • Employer Direct > Self-Insured Employers • Third Party Administrator (TPA) Direct > Through FlexMED • Dental Insurer with > 130,000 members • All of these incent members to voluntarily travel abroad for surgery
  • 9. Related Medical Travel Insurance Products • Employer-Sponsored, Member-Centric Medical Travel Insurance • Employer E&O Coverage Specific to Benefit-Directed Medical Travel
  • 10. Actions Required For Turkish Medical Travel To Flourish • Tourism Marketing on Turkey – “Invest in Turkey” campaign – Popular Travel Magazines – Patients Beyond Borders – Turkey Edition • Employer Benefit Changes In The U.S. – Shared Savings via HRAs • Comparable Outcomes Data • Work with Multinational Corporations in Turkey
  • 11. Questions? David Boucher, President & COO David.Boucher@CompanionGroup.com 803-264-3256