Many developing Asian countries have or are jumping on the cross-frontier Health Tourism bandwagon, including Malaysia. Malaysia is rapidly growing its Medical Tourism to become one of the top leading universal destinations for foreign patients in Asia and more. It has been targeting millions of tourists since 2017 and generating tremendous revenues in the market as well.
According to multiple reports and analyses, there has been solid proof to suggest that this advancement in Malaysia can be attributed to its government’s extensive participation and coaction of both public and private healthcare. It all began with the establishment of the Malaysia Healthcare Tourism Council(MHTC) by the Ministry of Health(MoH) Malaysia in 2005.
MHCT was implemented with the aim to promote Malaysia’s healthcare tourism by targeting more and more international patients through collaborations within Industries and public-private cooperation. There are many benefits for medical tourists coming to Malaysia because of its two-tier system operating on both Government and Private Healthcare.
Medical Tourism is a consumer-driven model where the service sector needs to posit itself as a cost-effective, high quality, and accessible option for patients all around the world. For this reason, the Malaysian Government has committed itself to provide access to high-quality facilities at low prices. Additionally, the Ministry of Finance in the country also regulates the cost of pharmaceutical products ensuring accessible and equal healthcare for everyone.
Medicines and prescriptions are half(sometimes, even quarter) the price patients pay in countries like the U.S.A or U.K. The main difference is that the cost of treatments in Malaysia is about 50% to 70% of the cost in America. The government also provides insurance packages that are available online. These coverages offer many things like protection from travel expenses and cancellations, opportunity costs, and more.
In line with the current developments of customer retention Medical Industry, Malaysian hospitals are emphasizing world-class and preeminent services. Many of the country’s hospitals and centres have been recognized and awarded by International Medical Travel Journal, Asia Pacific Healthcare & Medical Tourism Awards. Malaysia also has 8 International Joint Commission(JCI) accredited hospitals.
Even though, both the Malaysian Government and private healthcare are striving to cater to everyone, private hospitals may be expensive for working-class tourists. There remains a little difference too in the condition of the equipment and staff between the two sectors. Medical Tourists should bear in mind that there is a shortage of healthcare facilities in remote areas travelling to the rural parts of Malaysia.
Specialized Treatments and Modern Technology
Medical Institutions in Malaysia are a one-stop destination as they offer services from pre-operative consultations to post-operative rehabilitation treatments and therapies to aid patients. These institutions incorporate quality care with par excellent treatments in addition to recuperation and rehabilitation services.
Malaysia is infamous for its high-level success in procedures like fertility treatments, cosmetic surgeries, dental work like crowning and cardiology.
While the country is aiming to become the “Cardiology and Fertility Hub of Asia” with the achievements of its National Heart Institute and more. Malaysian healthcare institutes are already using Fourth Industrial Revolution technologies for easier and accurate diagnostics and treatments.
Malaysia has established itself as a leading Medical Tourism destination worldwide by offering quality care, internationally renowned facilities, and specialties that are on par with some developing countries. Medical Tourism has become one of Malaysia’s success factor up to a point that it is contributing to its economy. It is greatly strengthening the nation’s GDP and accumulating revenue that amounts to millions of dollars.
With that said, there is a lot of work to be done. Malaysia’s healthcare system requires more policymakers, healthcare experts, and scholars who can collaborate with various agencies to promote the country. There is a need to acknowledge medical tourism as a broader, political, and economical aspect for it to become the leading hub of medical tourism globally.