Globalization of the Health Care Market
In 2007, Steve Lash, an alumni of USD's MBA program, read an article in Time magazine called "Outsourcing Your Heart," about the rise of medical tourism. A year and several articles later, Lash was inspired to launch Satori World Medical, a company that combines medical care with international travel. Satori has what Lash calls their "world headquarters" here in San Diego.
Last Thursday, Lash presented his talk "Medical Travel: Globalization of Health Care Market" at USD as part of the Ahler Center's International Business Speakers Series. Over lunch, undergraduates, graduates and faculty joined Lash as the President and CEO of Satori spoke about this expanding industry. With a resumé including 25 years of experience in health care, this worldly entrepreneur proves that his unique business model is thriving.
Aside from monetary issues, Lash explained one of the challenges in starting up a business is to "take the business plan, implement it and get people to drink the Kool-Aid."
"Satori World Medical takes care of the cost," Lash said, "such as the hotel, airfare and medical procedures.
"Our unique business model includes personal assistance, fixed price health rates and sharing savings with our employees," Lash said.
Take hypothetical customer named Bob who works for a company of about 2,000 employees. Bob is in his 50s and makes $45,000 a year. An active lifestyle has taken its toll on his hips. In need of a hip replacement, Bob opts for a financially-friendly alternative to medical practices in the United States and chooses to get treated overseas.
Bob registers for Satori World Company by submitting his paperwork online. After guaranteeing approval from his insurance company, Bob selects from one of nine countries including the following: India, Thailand and Turkey. Joint Commission International approves the hospitals in the Satori network, which means that they have to meet or exceed U.S. hospital standards. The biographies of the doctors are all online so that Bob is able to research the qualifications of his favored doctor. Once the schedule is confirmed, Satori makes all travel and hotel accommodations for Bob and his travel companion.
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Once the schedule is confirmed, Satori makes all travel and hotel accommodations for Bob and his travel companion. Independent businesses such as these are Satori's target market. These businesses provide health insurance for their employees,
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Insurance Solution » Blog Archive » An Investment in Student Travel ...
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If you are a student then chances are the last thing on your mind is adding an additional cost by purchasing travel insurance student. It's a case you will definitely want to open your mind to possibilities. The fact of the matter is that you can get cheap student travel insurance and money you spend will be well worth it. Whether you are traveling abroad for pleasure or for study, making investment in health insurance student travel is an expense that you should not try to avoid. This does not mean you have to spend a bundle. There are many excellent policies available that will fit any budget.
Student travel insurance cover unexpected situations and problems such as illness, accident, stolen luggage, trip cancellation and personal liability. As a student, you are undoubtedly cautious about how every penny. Consider the financial difficulties that may occur if you become ill while traveling abroad. Is it really worth the risk to bet that nothing will happen when you are away?
So now you're convinced that you should invest in travel insurance student. Now what? Well, the first thing to do is think about what type of insurance you need. Do you need student gap year travel insurance that will cover you while abroad or do you need student travel insurance Australia? Do you expect to take just a single trip or will you be doing a year of multi trips? Will you travel overseas or stick with domestic trips? Regardless of the type of travel you will be doing you will be able to find low cost student travel insurance that will suit your needs.
You can start off by taking a little time to compare the types of student travel insurance that are available. You’ll quickly see that you have lots of options when it comes to cheap student travel insurance. The availability of online price quotations makes it easy to compare the features of the various low cost plans. Be sure to read the details of what each policy is covering so that you know what your student travel insurance actually covers. For example, what is included in the medical portion of your international student travel insurance? Is evacuation to your home country included? Does your policy cover holiday travel or are trips for study the only situations covered.
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