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Issue 16CONTENTS From the Editor: News in Review: Federal health tab to hi $4.6 trillion in 2020 Korea getting a handle on medical tourism industry Special Spotlight: Spotlight: Special To Medical Travel Today: Industry News: Stem Cell Guardian Launches New Video Canadian Medical Travel and Tourism Agency Launches Global Healthcare Connections Public Employee Benefits Alliance Selects Satori World Medical Frost & Sullivan's ‘After Effects of Recession in the Healthcare Industry - What Is in Store for the Investors?’ Cites Medical Travel as a Bright Spot Upcoming Events: 3rd International TEMOS Conference: HEALTHCARE ABROAD & MEDICAL TOURISM Dates for Center for Medical Tourism Research 2012 Conference Announced
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THIS WEEK IN MEDICAL TRAVEL TODAY Greetings, A recent article in the huffingtonpost.com on plastic surgery (see INDUSTRY NEWS) includes this quote: "But buyers beware: Plastic surgery tourism is a reflection of both the best and worst of our global society." The article suggests that for the majority of consumers, cost is still the primary driver in the decision to travel abroad for care. However, the recent U.S. Survey of Health Care Consumers from Deloitte actually ranks out-of-pocket cost as the third-most important criteria, behind superior quality of care and availability of doctors and hospitals for treatment needed, in the decision to travel outside the country for care. Cost falls to fifth in the same survey if most or all is paid for by another source. Personally, I find this bit of information very encouraging. It elevates medical travel from a mere affordable option to a truly informed and desirable option. But as the huffingtonpost.com article points out, the perception of the industry is lagging behind the reality. While of positive outcomes, research and data, and the work of quality minded organizations (such as Press Ganey Associates featured in this week's first SPOTLIGHT), will help turn perception of the press and consumers, it's up to each of us to make sure that we always open discussions and elevator speeches about the industry with quality first. As always, we welcome your comments, story ideas and press releases. Cheers, Amanda Haar, Editor
BEVERLY HILLS, Calif. – August 1, 2011 – NT Media Corp. of California, Inc.(OTCBB: NTMI) (the "Company") today announced that it has begun the process of changing its name to "Global Health Voyager, Inc." in connection with its transition to becoming a full-service, web-based, medical tourism facilitator. The Company anticipates that the name change will become effective on or about August 10, 2011. The Company will obtain a new stock symbol in connection with the name change. The Company will issue further updates as the effective date for the name change approaches. “The democratization of healthcare has established standardized evaluation methods and quantifiable benchmarks for international patient care, making the timing of this business transition very opportune for the Company and its shareholders,” says Ali Moussavi, President and CEO of the Company. The Company has already established agreements with many hospitals in destinations worldwide, all with respected international accreditation, including Joint Commission International (JCI). “Well-regarded accreditation processes have more Americans, Canadians, and multinationals reaching out with confidence to physicians and facilities beyond their domestic borders to access more affordable, innovative, quality treatments.” The Company's medical tourism platform addresses specific market needs, providing each segment with access to services that are tailored to reflect high quality standards and attention to safety:
“Traveling abroad for medical procedures averages nearly 73 percent less cost than for the same treatment in the United States,” says Moussavi. “In its goal to become a premier international healthcare service provider, the Company will continue to carefully select hospitals and providers that are often largely staffed by Western-trained, board-certified physicians.” About NT Media Corp. of California, Inc. NT Media Corp. of California, Inc.(OTCBB: NTMI) is a U.S.-based full-service medical tourism facilitator. It extends its vast worldwide network of highly accredited facilities and providers to patients seeking healthcare, surgical, dental, and wellness procedures. The Company is a one-stop medical tourism resource, providing consumers, employers, payers and other intermediaries the ability to choose and access information about a wide array of destinations, hospitals, procedures and services from one convenient location. Through established relationships with international providers, the Company has already done the groundwork to verify the accreditation and experience of the provider organizations. Visit www.globalhealthvoyager.com. Forward-Looking Statements Certain statements in this news release may constitute "forward-looking" statements within the meaning of section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks, uncertainties and other factors, which may cause the actual results, performance, or achievement expressed or implied by such forward-looking statements to differ.
SPOTLIGHT: PART I: Karol Wicker and Rainer Hilgenfeld, Press Ganey Associates, Inc.
Publisher’s Note: In 2010, Press Ganey acquired the International Quality Indicator Project® (IQIP), which assists healthcare organizations in identifying opportunities for improvement in patient care. Nearly 350 healthcare organizations in 17 countries use IQIP tools to collect, analyze and compare clinical and administrative healthcare data. For more information, please view the informational brochure (PDF file). A list of available Acute, Psychiatric, Long-Term, and Home-Care measures can be found here. Karol Wicker (KW): I’ve been with the International Quality Indicator Project (IQIP) for about 15 years. It was originally part of the Maryland Hospital Association and last year it was acquired by Press Ganey. Our interest in the international market really is two-fold: First, we think Press Ganey’s full range of healthcare performance measurement and improvement solutions are relevant to the international market, not just the clinical performance measures traditionally offered by IQIP. Press Ganey has been approached by healthcare organizations outside the U.S. that want to view, analyze and interpret performance in the areas of clinical performance and patient satisfaction, so there is clearly interest in more sophisticated products and services. Second, our overarching objective is really in helping hospitals and all healthcare providers to become high performers, whether they are located inside or outside the United States. We believe much may be gained by comparing performance and fostering collaboration beyond country boundaries. Practices and techniques adopted by practitioners in Thailand, for example, may have relevance to providers in Austria and/or the United States, and vice versa. Our tools and solutions are available at http://www.pressganey.com/ourSolutions.aspx. Rainer Hilgenfeld (RH): I joined IQIP full-time about three years ago when I became the International Coordinator, and have been working in healthcare consulting in Germany and throughout Europe for the last 10 years. I am an internist by training and worked previously in clinical medicine for another 10 years. International hospitals that now have this benchmarking opportunity — not only regarding medical outcomes, but also for patient satisfaction — are really an assessment of patients’ experience of care MTT: Maybe we could step back a minute and could you explain the connection between IQIP and Press Ganey? RH: Sure. As Karol said, IQIP belonged to the Maryland Hospital Association until August of last year. Now, why would a U.S. State Hospital Association own an international project that includes hospitals in 17 countries? It’s a natural fit that the IQIP came to Press Ganey, which about a year ago acquired IQIP. It was a very good decision since Press Ganey is a recognized market leader in the United States regarding patient satisfaction and hospital performance measurement and improvement services. However, until then they did not have much of a presence outside the country. MTT: As we look at the international market for hospitals, in terms of selling your services or offering your services, will you be targeting any particular countries or class of hospitals? RH: We are active in 17 countries including the United States. We are also active in Europe, Latin America and in Asia. We are likely to target more Asian hospitals. and providers in any country that offers a selection up to Western healthcare standards and that are interested in comparing clinical outcomes to other hospitals. While we usually prefer to work with local partners in the respective countries, in the past we have also accepted individual hospitals when they fulfilled these criteria. MTT: So, there would be a little more focus on Asia compared to the United States? RH: Yes. We are relocating our IQIP international office from Germany to Singapore. In Europe, we found that many of the larger countries have a mandatory reporting system. Hospitals in these countries at least -- at the moment -- are not very open to additional systems that pose another layer to what they already are required to do. MTT: You do have offices in the United States as well? KW: Yes – IQIP staff are also in Baltimore, Maryland. Press Ganey’s main headquarters are located in South Bend, Ind.. MTT: Because you’re now involved in medical travel, what is your vision for the industry? What will be the role of Press Ganey in shaping the industry or participating in its development? RH: The medical tourist industry will grow tremendously in the next several years because patients are more mobile and healthcare has become a global industry. Everybody is moving all the time, so why wouldn’t patients go to Asia for an operation if they can enjoy the same quality provided in the United States or in Europe, but at lower cost? The only difference is that surgeries and procedures usually cost half of what they would at home. I think those are wonderful advantages. I also see patients from developing or transitional countries eager to access more advanced healthcare. For example, just a month ago I was in a hospital in Bangkok participating in IQIP. Nearly half of its patients are traveling there from abroad, with many coming from the Middle East, Africa, or from other countries in Asia. There’s movement outside the United States. Medical tourism, as you know, is very much alive and booming already -- and I can see this increasing more in the next few years. KW: As the medical travel industry grows, U.S. hospitals are going to feel a lot more pressure from the international hospitals. The U.S. hospitals will start competing more aggressively to keep American citizens home. I also believe international hospitals will want to meet certain quality standards, but they’ll also need to be able to publically report on those so that medical tourists may make informed decisions on where they want travel for care. MTT: So, this is a way for the international hospitals, so to speak, to step up to the bar. KW & RH: Yes. MTT: How many hospitals do you service? RH: About 350. MTT: Internationally? RH: That’s 350 including the United States. We have the U.S. Quality Indicator Project, so altogether we have about 350. Part II of this interview will be featured in Issue 17. About Karol Wicker Karol has architected and managed the processing, interpretation and presentation of aggregate and patient-level clinical data for hospital improvement initiatives, ensured validity and reliability of clinical data as well as monitored hospital performance at an individual and aggregate level. She has also provided guidance and direction to information technology staff to implement tools supporting data gathering, analyses and data presentation.. Ms. Wicker has co-authored five research articles published in the Journal of Evaluation in Clinical Practice and Quality and Safety in Health Care. She has also presented at Academy Health’s Annual Research Meeting, the American Public Health Association’s Annual Meeting and Exposition, and the Maryland Patient Safety Center’s Annual Conference. Karol received two Bachelor of Science degrees with honors from Goucher College and her Master of Health Science with honors in international health and population policy from the Johns Hopkins University Bloomberg School of Public Health. She also holds Six Sigma Green Belt certification. About Rainer Hilgenfeld He is intricately familiar with clinical performance measurement, having introduced and supported the International Quality Indicator Project in China, Germany, Italy, Luxembourg, and Switzerland in his previous position as director of the Healthcare Quality Division at epos Beratungsgesellschaft, a healthcare consulting firm belonging to the EPOS Group, which is based near Frankfurt, Germany. Dr. Hilgenfeld has extensive experience assessing and preparing hospitals for accreditation. He has prepared numerous hospitals in Austria, Germany and Italy for accreditation by Joint Commission International and has assessed tertiary care centers in Pakistan as an expert for the World Health Organization. He is also a certified Trainer for the German accreditation system KTQ as well as an EFQM Assessor (European Foundation for Quality Management). Dr. Hilgenfeld is a board-certified internist with 10 years of clinical experience. He holds a doctorate and an M.D. from the Free University of Berlin and a Master of Public Health from Johns Hopkins University in Baltimore, Md. About Press Ganey Associates, Inc.
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Copyright © 2011 Medical Travel Today Medical Travel Today is a publication of CPR Strategic Marketing Communications, a public relations firm based near New York City that specializes in healthcare and life sciences, with an international clientele. CPR, its Partners, and clients are at the nexus of where medical travel is today, and where it will be tomorrow. Publisher, Laura Carabello Editor’s Note: The information in Medical Travel Today and Your Medical Travel is believed to be accurate, but in some instances, may represent opinion or judgment. The newsletter’s providers do not guarantee the accuracy or completeness of any of the information and shall not be liable for any loss or damage caused – directly or indirectly – by or from the information. All information should be considered a supplement to – and not a substitute for – the care provided by a licensed healthcare provider or other appropriate expert. The appearance of advertising in this newsletter should in no way be interpreted as a product or service endorsement by the newsletter’s providers. |
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