GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share

Dubai, UAE: The major challenge for the Middle East is how to finance our healthcare systems in the future. As government budgets for healthcare continue to rise, it is important for both public and private sector stakeholders to lobby for alternate ways of financing the healthcare system to create a sustainable healthcare economy.

“It is not as simple as developing a national insurance scheme,” says Dr Mussaad Al-Razouki, CEO at Kleos Healthcare Corporation, a Kuwaiti WLL that provides excellence in strategic planning and management for Middle East healthcare entities. “Insurance is only one, and a far from complete solution to diversifying the current petrodirham, dinar and riyal heavy spending on healthcare.”

Dr Al-Razouki will be speaking at the Leaders in Healthcare conference on Wed 15 June 2011 at the Middle East's foremost hospital build and construction event, Hospital Build Middle East Exhibition & Congress, which is currently taking place at the Dubai International Convention and Exhibition Centre.

According to Dr Al-Razouki, “The healthcare industry in the Middle East is currently underserved from both a demand and supply point of view. When talking about demand, we notice that Middle East populations are still growing aggressively at 3 to 5% CAGRs while the populations of the rest of the developed world (US and Europe primarily) are either stable or imploding. Furthermore, the populations of the Middle East are unfortunately also predisposed to chronic diseases which are expensive to maintain. 

“The other side of the equation is the supply side; the healthcare infrastructure in the majority of Middle East countries is underdeveloped. Whereas the US and most OECD countries enjoy bed per population ratios of around four bed per thousand (population), most Middle East countries barely have bed/1000 ratios of above two. Using this rate as a proxy for the overall healthcare system, the Middle East can certainly afford to double its current healthcare infrastructure. However, intelligent investors will realise that healthcare opportunities exist beyond just building new hospitals and instead exist in more niche areas of specialised medicine that result in improving the quality of healthcare services in the region.”

When asked what hospitals of the future will look like, Dr Al-Razouki believes that in the short-to- medium term, hospitals will need to spend increasing amounts of funds on developing robust Health IT systems including electronic health records, electronic prescriptions and mobile health solutions that will keep administrative costs down, reduce the chances of medical errors and encourage preventative methods of medicine respectively.

In the long term, he believes that the concept of hospitals as we have known them for the past few decades will most likely evolve into more focused specialty care centers that excel within a particular modality of care.

Kleos Healthcare is currently working with a local Middle Eastern government that spends between US$200,000 to $250,000 per patient for the 30,000 plus patients it sends abroad annually. “Even though the treatment of most of the aforementioned patient cases does not exists in that particular country, it is certainly not sustainable for the Foreign and Health Ministries of most Middle Eastern governments to handle their overseas healthcare on an FFS or fee for service basis,” says Dr Al-Razouk.

“At Kleos we like to remind our investors that ‘healthcare does not equal hospital', but that ‘healthcare investment should equal investment in quality healthcare',” he adds.

Earlier today at Hospital Build Middle East, Kleos Healthcare held an exclusive presentation on the healthcare landscape of Kuwait including information on current projects underway in Kuwait, future projects and how companies can get invited to tender on forthcoming healthcare projects.

The Hospital Build Middle East Exhibition & Congress will continue on 15 June 2011, from 10.00 am to 17.00 pm at the Dubai International Convention & Exhibition Center. Trade visitors have unlimited access to the exhibition, and may register their participation any time during the event.

To hear more from Dr Al-Razouki, please call +971 4 336 7334 or visit www.hospitalbuild-me.com to register for Leaders in Healthcare conference at Hospital Build.

 

 


Posted by : GoDubai Editorial Team
Viewed 5319 times
Posted on : Tuesday, June 14, 2011  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : APID urges Dubai's design community to leverage first ‘Festival of Interior Design' platform to stag...
Next Story : Tawazun, International Golden Group, Advanced Integrated Systems among big names at ISNR Abu Dhabi 2...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Enjoy Smoother Skin with the current obsession from PMD - The Personal Microderm...
A new model for the ladies enriches the Corum AC-One collection with luscious fe...
Energize & Refresh Your Skin With the Foreo Luna 2 for Men
From Dubai Police's floating police station to Etisalat's Lazareth Flying Motorc...
Saint Honore Haussman
The new urban warrior unleashed - Corum injects modernity and athleticism into ...
Hamdan bin Mohammed calls on the city to be ‘In It Together' for the Dubai Fitne...
6 Ways To Wear The Houndstooth Print
One stop shop for classifieds and deals in UAE- QUOODO.com
The Coffee Club in Al Bateen, Abu Dhabi re-opens with a refreshed new look
Marks & Spencer Launches Its New Sleepwear Collection for AW19
Medusa Lock Icon
Choithrams Customer lends her voice to World Food Day in support of The United N...
Heritage village at Global Village offers a glimpse into Emirati traditions
Middle East Retail Forum (MRF) 2019 focused on RetailNEXT
Al Tayer Battles on in China After Aquabike Setback
This visually-impaired Emirati knows no impossible
More than 1,900 beneficiaries at Al Mizhar and Umm Al Sheif Islamic Cultural cen...
OMEGA's new Museum
Expo Centre Sharjah announces winner of 1KG gold
Dubai-Based NRI business leader donates INR 10m to his Alma Mater to setup Innov...
Union Coop Hosts Almarai's Gifting Ceremony For the Second Time
Malabar Gold & Diamonds inaugurates its relocated outlet in Hamdan Street, Abu D...
KOBEYa - The First Japanese and Far Eastern Gluten Free Café opens in the UAE
The Workwear Edit
Dubai Customs inks partnership agreement with Hawkamah Institute for Corporate G...
DAFZA contributes 12% to Dubai's foreign trade in first half of 2019
IFS lays out blueprint for new era of intelligent and autonomous enterprise solutions
Dubai Shopping Malls Group Announces “shop & Win Gold” Promotion for Diwali 2019
Worldsteel Short Range Outlook October 2019
Revving The Engines At Rallylegend 2019 With Eberhard & Co.
The My Perfumes Group receives the Golden Visa
Alno launches new products in UAE in strategic partnership with Diemme kitchen
Al Majid Motors Co. announces 15-day sale with generous discounts on latest Kia ...
Abu Dhabi Airports signs historic Memorandum of Understanding with Beijing Daxin...
Mazoon Dairy inaugurates the first biogas plant in the region
Montegrappa Welcomes Back Hazzaa Al Mansoori and Marks the Historic Occasion by ...
Diwali Feast at Purani Dilli at Four Points by Sheraton, Sheikh Zayed Road
Dubai Refreshment Company Wins First Prizeat the Dubai Green Industrial Award 2019
Middlesex University Dubai Leads The Way Being The 1st University In The UAE To ...
Celebrate Diwali with BurJuman
Baarish 2.0 is back by popular demand for a second run at Bollywood Parks™ Dubai
Commercial Bank of Dubai adopts the Microsoft Cloud to accelerate digitization
The Turtleneck Edit
November Specials at Le Meridien Al Aqah
Hormann introduces faster and more energy efficient fourth generation garage doo...
WCO delegation visits Dubai Customs and views latest practices
EWEC receives six proposals for Fujairah F3 power plant project
ENEC and Rosatom continue cooperation in the peaceful use of nuclear energy
France to introduce new operating models & capabilities at Gulfood Manufacturing 2019