It is a well-known fact that most corporations come up with a health insurance plan for their employees. Though the rate of inflation in the health care sector seems to have slowed down, the annual increase continues to exceed the inflation rate. The corporations are still forced to pay high premiums of business health insurance cover surgical interventions and hospitalization expenses for various health treatments. The rise in cost of health insurance is especially high in cases of cardiac malfunction, obesity and orthopedics.
Corporate medical tourism has been a viable alternative to employers through which the employee is made to procure heath treatments abroad at a cost that is much lower than the cost of treatment back home. This does not require the patient to make a compromise with the quality of treatment. Asiatic destinations such as India, Singapore, Malaysia and Thailand house many state-of- the-art hospitals who offer world-class treatments for the patients.
A typical corporate medical tourism plan includes an option for vacationing as well. Some companies also offer corporate medical treatment abroad with possible cash back options for the employee provided from the savings on corporate health care.
Corporate medical tourism not only allows corporations to make a great save on the health insurance plans for its employees, but leaves the employees happy as well. It is a win-win situation for both the employer and the employee.