PALM BEACH GARDENS, Florida, 9 February, 2017 – A new partnership between Western Union Business Solutions (‘WUBS’), a leader in global payment services, and the Medical Tourism Association (“MTA”) aims to help to transform the way patients pay for medical care. International patients who travel to the United States for medical care will now be offered favorable foreign exchange rates and increased transaction transparency at healthcare facilities.
The Medical Tourism Association provides a variety of educational and developmental services to hospitals, medical facilities, and academic medical centers, helping in-bound patients to come to the United States for health and medical care. Due to the increase in worldwide demand for medical travel, MTA’s partnership with Western Union Business Solutions, should help simplify transactions within the industry and help growth within the sector.
“We are proud to announce this partnership. With the Medical Tourism Association’s client base and Western Union Business Solutions’ suite of services, we can provide streamlined financial operations for healthcare facilities and an easy patient experience with unmatched global reach,” Chris Setcos, Head of Partnerships said --. He added, “We are a trusted partner and we are here to help, find solutions and enable the Medial Tourism Association to better serve international patients.”
Renée-Marie Stephano, President, Medical Tourism Association said, We chose Western Union Business Solutions because they are a long-standing global pioneer in providing worldwide payment solutions,” “We are delighted to announce this partnership, which provides back-end financial payment processing for Medical Tourism Association clients. Its worldwide accessibility equates to great ease-of-use for both international patients and healthcare facilities.”
“Growth for in-bound patients to the U.S. is anticipated to be exponential, and in this first stage with Western Union Business Solutions, the MTA will also be able to serve the international buyers of medical travel to help increase patient inflow as well as to provide a safe and secure financial transaction environment,” Stephano added.
About Western Union Business Solutions
Western Union Business Solutions enables companies of all sizes to send and receive international payments and manage global cash flow, creating unique solutions tailored to suit their individual needs. It is a business unit of The Western Union Company (NYSE: WU), a leading nonbank provider of cross border payments, which offers Business Solutions services in over 30 countries. Clients are supported by a network of trading offices, strategic banking relationships and a global clearing network and can send cross-border foreign exchange payments in more than 130 currencies.
About the Medical Tourism Association
The Medical Tourism Association is the global trade association and think tank for the medical tourism, medical travel, health tourism, and wellness travel industries. The MTA works with stakeholders and buyers of healthcare with a focus on defining and proliferating best practices to the industry. Committed to raising consumer awareness of international healthcare options, MTA has specific initiatives designed to educate and increase the number of consumers who travel for healthcare.