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Wakeup Calls: mHealth Bridging Cross-Border Divides at World Medical Tourism Congress
Billion-dollar technology industry showcased at "Medical Silk Road" mobile health conference, Sept. 20-24, 2014, in Washington, D.C.
By: Medical Tourism Association®
“Medical Silk Road,” an mHealth conference organized through a partnership between the Medical Tourism Association®
"The impact of portability of data, borderless nature of healthcare services on the matured medical travel industry can create a mega smart health network globally," said Dr. Wei Siang Yu, chairman and founder of Borderless Healthcare Group which is the global knowledge leader in the healthcare technology, media and telecommunication space.
According to Dr. Wei, because millions of medical travelers are moving from one country to another for healthcare services each year, the development of smart health networks will allow more integrated borderless medical services, making “big data” from medical travel a very valuable tool toward global epidemiology trends. Many doctors are also soon expected to adopt Borderless Clinic Apps and other internet processes as part of their patient/medical traveler management and communication tools in this new era of medical tourism 3.0.
Since the start of last year, more than $750 million in venture capital has been invested in companies that can do everything from transform a smartphone into a blood pressure gauge or photograph medical-quality images of the inner ear. In Asia, a market famous for innovative and trend-setting technologies that often find years to find their way to the West, the mHealth market is expected to reach $7 billion by 2017.
“Devices that enable people to monitor and manage health are catching on,” said Renée-Marie Stephano, President of the Medical Tourism Association®
Coinciding with the rollout of public healthcare systems, growing consumer wealth and lifestyle changes, healthcare spending among Asian nations is expected to grow at a rate of 7.1 percent from 2013-2017. As measuring guide, China, is predicted to triple healthcare expenditures to US$1 trillion annually by 2020 driven, in part, by an aging population, and government efforts to broaden insurance coverage and build 31,000 new hospitals in the coming decade.
The World Medical Tourism & Global Healthcare Congress (www.medicaltourismcongress.com/
About Borderless Healthcare Group, Inc.
BHG, founded by key stakeholders in the medical, CRM, IT, legal, finance, and media industries, spans more than 10 companies in the three key areas of health, wellness and food. BHG’s expertise in the activation of disruptive healthcare market processes has won several media features and partnerships with governments, hospitals, and pharmaceutical companies around the world. The interactive healthcare process pioneered by BHG has not only provided a solution to how governments can resolve the problem of poor public adoption of EMR, it has also evolved the flawed notion of “universal healthcare” to the more relevant concept of borderless, on-demand, ubiquitous healthcare. www.borderlesshealthcaregroup.com
About the Medical Tourism Association®
The Medical Tourism Association®
Medical Tourism Association®