Take a fresh look at your lifestyle.

Everything to Know About Health Care in Panama

Hospital patient
imtmphoto / Shutterstock.com

Editor’s Note: This story originally appeared on Live and Invest Overseas.

Panama offers international-standard health care, and medical tourism is a booming industry here.

Panama City is home to Hospital Pacífica Salud, the only hospital in Latin America affiliated with and managed by Johns Hopkins Medicine International.

The cost of medical care here is a bargain.

Like everything, medical costs are higher in Panama City than elsewhere in the country, but, even in the capital, a doctor’s visit costs $60 or less. In Panama City, clinics offer excellent, full-service care.

Navigating Care in Panama

Senior Couple Hospital
Monkey Business Images / Shutterstock.com

Many doctors in Panama are trained in the United States, speak English, and are well-versed in all prescriptions and ailments. Private health insurance and prescription drugs are readily available and much less expensive than their U.S. equivalents.

American private health insurance policies are even accepted in some Panamanian hospitals.

All that said, there are some potential downsides that all expats should be aware of when navigating Panama’s health care services.

Quality of Care in Panama

Senior woman getting health care at the doctor's office.
Pranithan Chorruangsak / Shutterstock.com

I sat down to speak with Shai Gold, a seasoned, international health care professional, to talk about the quality, costs, and potential risks of medical services in Panama.

“I would call myself a great but balanced advocate for Panama’s health care system,” Gold explains. “Nobody knows the pitfalls better than this gringo.”

Gold used to live in Panama, working for four-and-a-half years as the general manager of International Triage Medical Networks.

He’s been CEO of Soteria Diagnostic Solutions and a principal and senior consultant of International-Triage LLC, establishing all their cross-border networks in Panama, the Dominican Republic, Argentina, Mexico, and the United States.

Gold told me some stories that illustrate the ins-and-outs, the pros and the cons of Panama’s medical system. Each scenario offers its own lesson that expats should take advantage of.

I love these examples because to me they humanize health care. Doctors aren’t infallible, and everybody makes mistakes. And in the absence of malpractice laws, you should never take anything for granted.

Different Governance for Practitioners

Doctor looking thoughtful using a laptop and writing down information
akarapong / Shutterstock.com

Panama’s health care services are not necessarily governed as closely as yours were back home.

Practitioners are expected to self-track and report any medical errors or quality-control issues to the Ministry of Health, which means a patient is relying heavily on individual professional ethics … and ethics vary practitioner to practitioner.

“Someone might claim Panama has great medical resources. We have several brilliant doctors and a few modern hospitals with good medical technology,” says Gold.

“And compared to any other Central American country, they are correct. One can certainly find a good doctor and medical services in Panama for 90% of what one needs.”

Hospitals and Technology

Senior man lying in a hospital bed
Monkey Business Images / Shutterstock.com

Hospitals in Panama are modern; they have state-of-the-art technology and frontline medications. Like anywhere else, though, hospitals are only as good as their “cultural standards.” The quality of the care from doctors and nurses within each hospital may not match the high quality of the technology it boasts.

“I have met some great doctors in Panama,” Gold says, “but I have also met below-average nurses. They mean well, but they are generally underpaid, undereducated, and without mandates for continuing education.

“Most are not bilingual. If you’re working in medicine and don’t know even fundamental English, you’re going to be at a disadvantage — all the equipment, much of the medication, everything— is in English.

“The top tier of physicians and those working in the private and high-end public hospitals in Panama really go out of their way to do the right thing.

“I’ve seen exceptional commitment at the personal, professional, and ethical level that, at times, goes beyond what I have seen in the United States. They care on a personal level.”

Why You Should Always Get a Second (and Maybe Third) Opinion

Unhappy senior man in a doctor's waiting room
DC Studio / Shutterstock.com

There are about 15 neurosurgeons in Panama, all of them well-schooled, qualified, and highly-skilled professionals.

“I saw a case that required facial neurosurgery a while back,” Gold says.

“One doctor said he’d do the procedure for $50,000; the second doctor for $25,000; the third doctor, however, explained that the protocol for the condition was no longer surgical intervention, it simply called for radiation therapy.”

Never take for granted that what you’re being told is the best and only option. Always get a second medical opinion, and if the second opinion is radically different from the first opinion, get a third opinion.

Panama’s Top Medical Minds Offer Incredible Levels of Care

Hospital
Monkey Business Images / Shutterstock.com

A few years ago, a life-saving neurological procedure in an ICU setting saved a car-crash patient’s life.

Dr. Guillermo Castillo, a dedicated neuro-intensivist, made a flash decision to administer a rarely used “brain cooling” technique in an effort to avert a massive stroke due to brain swelling.

“Dr. Castillo is one of the most caring and most professional physicians I know,” says Gold. “His quick thinking and diligent application of the treatment saved the patient’s life and assured his recovery with limited damage to cognitive and motor skills.”

The treatment was by no means cheap. “The bill for putting this patient back together in Panama was almost $350,000. In the States the same case would have easily surpassed the $2 million mark.”

A Booming Medical Tourism Industry

nurse
wavebreakmedia / Shutterstock.com

And while care outside of Panama City is generally thought to be of a lesser quality (and often is), that’s not necessarily always true.

“A procedure to recreate a human bladder often fails when performed at top hospitals in the United States. Nevertheless, for Dr. Pinzón in the small Cuatro Altos Hospital in Colón, bladder reconstruction surgery is routinely accomplished with 100% success.”

These are just two specific examples of Panama’s top doctors achieving great things in the face of difficult procedures … but they are by no means unique.

And when it comes to run-of-the-mill care, you’ll find that Panama offers an excellent standard at a bargain cost.

It’s no wonder that Panama’s medical tourism industry is booming and draws more patients from around the world every year.

Get smarter with your money!

Want the best money-news and tips to help you make more and spend less? Then sign up for the free Money Talks Newsletter to receive daily updates of personal finance news and advice, delivered straight to your inbox. Sign up for our free newsletter today.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More