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 5173 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
Celebrate Mother's Day with the perfect gift from Sawalef Perfumes
The essence Guide to a Mother's Day done right!
Get Kylie Minogue's Youthful Complexation with The Organic Pharmacy's Rose Diamo...
Visa partners with Starbucks & Hardee's to help promote the use of Apple Pay in ...
Dubai Festival City Mall picks the perfect gifts to say thank you to all mums th...
Trade-in Your Old Device for a brand new Galaxy S10
Splash launches Regional Designer Collaborations
Desigual ‘Not the Same' Since 1984
Zoho sees over 100% market growth in the UAE, announces initiatives for the region
A major presence of the French cosmetics industry at Beauty World Middle East in...
Giti Tire Celebrates New Beginnings with Opening of First Middle East Flagship S...
Step up your make-up game for Spring/Summer '19 with Lottie London
TREND ALERT: Denim | Marks & Spencer
Fit and Fabulous – now a possibility with HONOR technology
Michael Michael Kors Spring 2019: Middle East Edit
Lulu Promotes Food Is Great Britain: A British Food Festival
Ericsson and UNESCO launch new global AI skill development initiative for youth
Hucklebones create charming pieces for girls filled with easy-going elegance for...
LG's Smart Kitchen Appliances Help Families Eat Healthy, Stay Fit and Waste Less
HP Raises the Bar for Exciting and Secure Devices with Cutting Edge PC Innovations
Cole Haan Delivers True Performance Footwear With the Release of the Zerøgr...
It just keeps getting better: Nokia 3.1 gets a fresh slice of Android 9 Pie
Malabar Gold & Diamonds actively participated in UAE National Sports Day conduct...
Coach presents Park Collection
Olivia Burton presents Sunlight Florals/Mothers and daughters collection
Epson's latest A4 business inkjets help businesses print more for less
Smiles, and Medals, All Round After Double Success for Team GB Siblings at World...
MOTIONGATE™ Dubai launches special treat for moms to celebrate Mother's Day on ...
HUGO BOSS Watches INTENSITY Collection
Etisalat AGM approves Full-year 2018 dividends of 80 fils per share
Meet HP Tango! The Home Printer Reinvented
Volvo Cars celebrates 60 years of sharing safety knowledge with open-for-all dig...
Italian Design Day returns to Dubai with the theme Internet of Things
Fintech will radically improve financial health of people in the Gulf, say experts
Jaguar F-Pace: 300 Sport and Chequered Flag Special Editions Join Award-winning...
New 2019 Cadillac CT6 makes its Middle East debut
Emirates Foundation's Think Science Fair kicks off in Fujairah
The S Hotel Al Barsha to Debut at Arabian Travel Market
Dubai Cares' latest edition of Volunteer Emirates 2019 draws support for the Nat...
Finnovex ME to focus on disruptive innovations in banking and finance sectors
Applications now open for visiting students to take part in summer research at N...
Saudi Arabia and Huawei sign 5 MoUs at the Saudi-Chinese Investment Forum
IKEA X TOM DIXON X YOU
Moms Eat Free on Mother's Day
Manzil and Repton school Dubai collaborate on sustainable art project
Ministry of Health launches 3rd phase of Heart Experts Programme
Team GB Cycling Star Kiera Byland Takes Gold Medal in Her First Race at World Ga...
Dubai Customs concludes 24th edition of Carpet & Art Oasis 2019
Top Tips on choosing the perfect Coffee Table
About TK' operations with B737 MAX type aircrafts