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It will not work for emergencies however that's not where most of the money is burned. Most of the money is spent on non emergency medical care that can be pri
by notyourday 8y ago
It will not work for emergencies however that's not where most of the money is burned.
Most of the money is spent on non emergency medical care that can be priced using a phone or an email. That's exactly why medical tourism is possible.
It is a case of vertical capture: should you walk into a Mount Sinai hospital, the $600 MRI of Lennox Hill will cost you between $1800 and $2800. It will be done using the exact same MRI machine. The result will be sent to India probably to the exact same company that Lennox Hill sends the MRI for a radio tech readout, except that Mount Sinai MRI won't be available for 5-7 days vs. in an hour at Lennox Hill.
So why is Mount Sinai is able to charge that amount of money for an MRI? Because it is a vertical capture. Should you walk into a Mount Sinai it is extremely unlikely that you would go out of the hospital to get an MRI. They could probably charge $7,000 and still get 90% of the patients doing it.
- riahi 8y agoFinal signed American radiology reports are not dictated in India, especially at academic medical centers. They've tried; it's blown up in their faces. https://www.nytimes.com/2003/11/16/business/who-s-reading-your-x-ray.html https://www.nytimes.com/2003/11/16/business/who-s-reading-yo...