Medical Tourism might have a place in Belize, which would be incremental tourism. These services are typically private pay / elective. It stands to reason that the benefit to Belize (especially the Island!) would be more greater public access to technologies / support capabilities, such as Lab/ Radiology/ Diagnostic equipment.
These are the pros IMO (and these are HUGE Pros!):
1. Proximity to the USA (target market for Medical Tourism - private pay).
2. English speaking country.
CONS:
1. Higher costs in Belize (labor is higher than competing countries), cost of imported supplies/equipment and patient transport (airfare).
2. Resistance even for Specialized/ Expert Licensed Physicians to be granted approval to practice.
3. Quality as related to competency (see above). The # of procedures completed per year by Physician is a measure of competency in the Medical Industry.
4. Medical Tourism is a business dependent upon "peer referrals", which may be challenging considering #2 and #3.
Any "deal" that is made with any company investing in Medical Tourism should address local access (24 hr) to these services, which would create a higher comfort level for Assisted Living Facility development, IMO.
In any case, I do hope to see SOMETHING happen here in this regard on the Island one day
