Next Outsourcing Target, Healthcare

Just about every industry in the United States has been effected by some form of outsourcing. The industry to really take outsourcing to the next level is health care. Although health care currently have some operations that are outsourced such as Medical billing, Xray diagnostics reading, the next phase would be getting the your treatment entirely overseas. As we all know health care cost are eating up bigger share of America’s household’s and business’s budgets. Health cost are bankrupting the government as well as many middle class families across the country. According a study by the Journal of the American Medical Association, “nearly 49 million Americans under 65—including those with no insurance—lived in families that spent more than 10 percent of their tax-adjusted family income on health care when insurance premiums were included. And about 19 million Americans under 65 lived in families that spent more than 20 percent. Such costs drove some people to delay or skip medical care for financial reasons, the study shows. These budget choices will be very difficult for individuals with poor health. This is why many Americans who don’t have insurance and most pay out of pocket for health treatment to look across America’s borders for solutions. Like all other outsourcing, health care outsourcing follows the same principles and reasoning. Although, you can not outsource emergency care treatment and monthly checkups there are many treatments are being outsourced. Elective surgeries or those with that are complex but are not as time sensitive can be outsourced for large savings.

Average Cost of Eye Surgery

Procedure
Avg. U.S. Cost
Avg. Medical Tourism Cost
Cataract Surgery
$4,000
$2,100
Glaucoma Surgery
$4,800
$2,500
Cornea Transplant
$11,000
$3,700
LASIK Wavefront (both eyes)
$3,800
$1,325

Average Cost of General Surgery

Procedure
Avg. U.S. Cost
Avg. Medical Tourism Cost
Hernia Removal
$10,800
$3,500
Gallbladder Removal
$8,500
$2,750
Total Hip Replacement
$26,000
$11,000
Total Knee Replacement
$23,000
$9,500