In late February, around 480 miles off the coast of Florida, the Cayman Islands will get ready to cater for a new kind of visitor.
On top of tourism and financial services, the islands will be home to Health City, a new health-care center costing $2 billion that caters for cardiac surgery, cardiology and orthopedics. Behind the project is Narayana Health, an Indian company that has made its name in providing care at a low cost to millions. And now it is aiming to transplant its low-cost model to the rest of the world.
Health City aims to open with a 140-bed facility expanding to 2,000 beds over the next decade – offering services at a fraction of the cost of health-care providers in the nearby U.S. and South America. It will be a joint venture with Ascension – a U.S.-based Catholic health ministry. John D. Doyle, president and CEO at Ascension Holdings believes the tie-in could inform the U.S. health-care system.
"Health care delivery in the United States needs to change and we will take the lessons learned during the HCCI (Healthcare Cayman Islands) construction, staffing and operations phases and hope to apply them in our work," he said in a press release at a September board meeting. If the new initiative successfully demonstrates a new approach to U.S. audiences, then Ascension believe it could influence the future course of health care in the country.