Financing of Cross-border Medical Tourism Insurance Companies

Abstract

Paper analysing diff erences between the market of medical services in Poland and price suggestions for dental services in Ukraine. It describes the network of mutual cross-border medical tourism and profi ling of the activity. More cost-consuming medical services requiring costly equipment and high qualifi cations of personnel are concentrated in Poland, while Ukraine starts to specialize in more labour-intensive medical and dental services. The development of medical technologies and open borders for physical persons resulted in the necessity of creation of innovative medical foods, and residences for benefi ciaries of the system, and separate products for foreign patients. The presence of such products forms the whole spectrum of fi nancing alternatives starting from the personal fi nancial resources, including insurance protection. The aim of this research is to analyse possibilities of fi nancing medical tourism that already exists between Ukraine and Poland at the level of physical persons, through the mechanism of insurance protection. The fi rst examples of such fi nancing were mostly related to an insurance swindle within the limits of tourist insurance policies. The modern medical specializations of the countries provide substantial diff erences in medical products from both sides of the border.