Global Innovative Solutions to the Healthcare Crisis and How Medical Tourism Can Positively Impact Lodging Businesses

Medical Tourism and Medical Travel can bring patient/guests to the hotels throughout many healthcare destinations around the United States.  One model is Florida Medical Tourism (FMT) (https://floridamedicaltourism.com/), a Global Hub for Medical Tourism Services for inbound, outbound, and domestic clients. Florida Medical Tourism is important for the economy of Florida and offers great opportunities.  See Figure 1 below.

Florida is one of the most visited destination in the World with more than 130 million visitors annually in 2019. Similarly, there is an increasing trend for outbound Medical Tourism seeking more affordable, accessible healthcare compared with US prices. Now, many employers in America have fully adopted Medical Tourism as a cost containing measure, as they will pay for the travel and the cost of the needed surgery or treatment and still save big. The Hotel to Healthcare (H2H) trend is likely to increase with the globalization of healthcare as patients shop globally for the best services and prices.  This is a benefit for lodging near the medical facilities to host these patient/guests in hotels, which can offer a competitive advantage to these businesses.

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Authored by: Adel Eldin, M.D. MBA. Brooksville Cardiology, Tampa, FL and Frederick J. DeMicco, Ph.D. Professor, Northern Arizona University