Exploring a new frontier in health care
Medical tourism is an emerging global trend, one that has already taken root in Canada, but for which the future is still unclear. Over the past five years, Canadian governments have reduced the volume of insured medical services purchased out-of-country, but the costs of these services have more than doubled. At the same time, anecdotal reports suggest that Canadians are privately purchasing cosmetic and elective services at an increasing rate, though little data is available.
Many factors are influencing the growth and surrounding regulations of patients travelling for medical care:
- Evolving medical tourism guidelines and international accreditation
- Expanding and increasing sophistication of foreign medical tourism operations
- Increasing provincial and local provider interest in supporting medical tourism through legislation and policy
- Increasing demand for outpatient surgery and a drive to reduce wait times
- Emerging consumer interest in medical tourism options
- Economic constraints and changing financial incentives
Adding to the emerging state of medical tourism in Canada is growing policy and public attention to wait lists for key services, increasing consumer willingness to travel for health care services, and renewed direct-to-consumer marketing by medical tourism companies and foreign destinations. This growth presents opportunities for increased medical tourism in Canada – both for Canadians seeking care abroad and for establishing Canada as a medical tourism destination – and sets the stage for renewed focus on this health care trend by Canadian governments, providers and consumers.
Click here to access the report.
Questions? Need more information?
Email: [email protected]
Deloitte, one of Canada’s leading professional services firms, provides audit, tax, consulting, and financial advisory services through more than 7,600 people in 57 offices. Deloitte operates in Québec as Samson Bélair/Deloitte & Touche s.e.n.c.r.l. Deloitte & Touche LLP, an Ontario Limited Liability Partnership, is the Canadian member firm of Deloitte Touche Tohmatsu Limited. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.