Domestic Medical Travel Remains an Opportunity for Large Hospitals, But Smaller Facilities Not Locked Out

In a recent interview with U.S. Domestic Medical Travel, Scott Becker, JD, CPA, a partner at McGuireWoods and publisher of Becker’s Hospital Review discussed trends in domestic medical travel and desires of large employers to narrow their provider bases.

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“Generally, larger employers try to limit the amount of parties that they do business with to simplify the supply side. In that aspect, it makes sense for larger employers to adopt a domestic medical travel benefit because they have the necessary resources and leadership to have the added benefit in place,” he said.

While larger, “brand name” have an advantage over smaller or mid-sized hospitals in signing deals with employers, smaller hospitals can certainly still develop these programs and relationships if there is a champion within the organization who is willing to “take a leadership position and develop the program.”

 

To read the full interview, click here.

At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.

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