There was a time when the American steel industry seemed invincible. The American automotive industry looked rock-solid. American consumer electronics industry seemed untouchable. In every one of these cases, global competition changed the game forever. Will the same happen to health care in the United States?
Is This the Hospital That Will Finally Push the Expensive U.S. Health Care System to Innovate?
Health City Cayman Islands (HCCI) offers first-rate care for 25-40% of U.S. prices.
June 22, 2018
Summary.
By almost any measure, American health care costs are out of control — but the system refuses to change. What if you could provide excellent care at ultra-low prices at a location close to the U.S.? That’s what Narayana Health (NH) did in 2014 by opening a hospital in the Cayman Islands — Health City Cayman Islands (HCCI). Narayana Health brought innovative practices honed in India to HCCI to offer first-rate care for 25-40% of U.S. prices. Despite low prices, HCCI’s outcomes were excellent with a mortality rate of zero — true value-based care. A team of American doctors that visited HCCI came away with this warning: “The Cayman Health City might be one of the disruptors that finally pushes the overly expensive US system to innovate.”