With medical costs in the U.S. seemingly spiraling out-of-control without any end in sight, more and more Americans have had to postpone or perhaps bypass medical care just because they could no longer manage the kind of care they was worthy of and desired.
More money per person is invested in health care by Americans than other country on earth and, aside from East Timor (ever become aware of it?), the United States pays a greater portion of the nation’s total earnings for healthcare than any country in the world. Nevertheless, more than 50 million citizens are uninsured and basically priced out of the American medical market.
That fact develops a space in between the need and desire to obtain quality healthcare and an ability to do so at a cost effective rate.
However, like Nature, business abhors a vacuum and as the American medical industry significantly costs its services beyond its customers’ ability or willingness to pay, the vacuum is being filled overseas.
Today, we understand it as medical tourism and small Costa Rica has become one of the top 5 medical tourism locations on the planet.
It’s easy to see why: high quality of care in world-accredited (called “Joint Commission Accredited International Accreditation” or “JCI”) health centers, board accredited doctors, and costs as much as 65% lower than those in the States. In fact, Costa Rica’s capitol city, San Jose, has 3 personal JCI hospitals that fulfill the greatest requirements of any American healthcare facility (possibly no coincidence given that some are handled by U.S. suppliers).
Among those medical facilities, CIMA, is the nation’s newest first class healthcare facility. Located simply outside San Jose in upscale Escazu, it has an emergency situation department, diagnostic services, internal medication, surgical theaters, pediatrics, gynecology and obstetrics and hosts a connected six-story medical consulting building real estate more than 160 specialists in 52 specialties.
As it celebrates its 20th birthday in San Jose, in 2012 CIMA is opening its 2nd health center in booming Guanacaste along the north Pacific of Costa Rica. Predicted to cost $125,000.000, the medical facility will have to do with 215,000 square feet in size, located just outside Liberia, and about 15 minutes from the country’s popular Gold Coast beaches.
It’ll become part of a complex that, in addition to the hospital, consists of medical workplaces, dining establishments, and an apartment-style hotel. Strategies are to build it in stages which will eventually consist of assisted living and nursing facilities, placing some focus on 55+ age group senior citizens.
With 10,000 Americans retiring daily, a number of them aiming to transfer overseas, Costa Rica’s Pacific coast is an appealing choice. Liberia has the country’s most recent international airport (and already gets some 600,000 travelers a year) and, in addition to the brand-new, state-of-the-art medical facility, a new retirement community of 2,200 acres is under development also.
It’s also an appealing target for the medical industry. Medical travelers currently generate more than $100 million every year to this little Main American country, a number that lots of bet has actually just scratched the potential. And, with 750,000 Americans currently getting medical and dental care overseas, the marketplace has barely been scratched for the Rio de Janeiro Hospital.