Dubai PR Network, Online Press Release from Dubai and Middle East
 
Healthcare(Healthcare & Medicine)
Filter PR by
  
Urgent Need To Develop A Healthcare Insurance Framework To Contain Medical Inflation Across The Region
 

Healthcare per capita spending in UAE amongst top 20 world-wide

12 January 2017, Dubai:  Having healthcare insurance become mandatory across the region, and medical pricing and inflation continuing to rise, healthcare providers, insurance companies, and solutions providers must ensure their business models can sustain the significant impact it will have on the healthcare insurance landscape.

With 98% of Dubai residents and over 4 million people in the UAE having health insurance, the UAE spends $1,200 per person on healthcare – putting it in the top 20 countries for healthcare spending per capita*. The healthcare spend per person is commendably high in comparison to much of the rest of the world.  With this, UAE needs to take a closer look at the healthcare insurance sector, to improve efficiencies and reduce waste as well as focus on how implementing mandatory insurance in Dubai and Abu Dhabi has put specific practices in place for sector wide improvement.  

Speaking ahead of the 12th Healthcare Insurance Forum in Dubai, Husein Reka, Senior Advisor to Minister of Health - Kosovo, mentioned three interventions that could be put in place to manage the rise in medical inflation. He stated that funding models could be revised 'to reduce the risk of pools and transaction costs.' He went on to say ‘robust and proportionate regulation of payers and providers is a must’ as well as the need 'to make better use of Health Technology Assessment and Cost-Effectiveness tools to achieve good value for money, rather than immediate uptake and diffusion of new and not proven technology and pharmaceuticals.'

Dr. Mohamad Chabuk, Operations Manager at Dublin Health Services weighed in on the topic and added that 'the increase in cost comes naturally with the increase in demand resulting from the change in life style to a higher level and class,' he went on to say 'regulatory authorities need to specify a pricing policy with capping to avoid over pricing, however, this should be parallel to drawing a clear guideline on the competitiveness and different level of pricing according to certain criteria that depends mainly on the level and quality of service provided.'

He added that 'following those guidelines, providers as well as payers need to work together to ensure those terms are achieved accordingly with proper monitoring systems to avoid abuse and errors. The patient has a major role in supporting those entities in achieving their aims strengthened by proper knowledge and education about the rights and role in the cycle.'

The Healthcare Insurance Forum scheduled for January 2017 will gather leaders from the sector to focus on key themes affecting the industry. AHIMA, Daman, Oman Insurance Company, American Association of Professional Coders, Dublin Health Services among others will discuss and highlight strategies on creating an effective healthcare insurance ecosystem, curbing medical inflation for sustainability, disrupting healthcare insurance for improved efficiencies and creating a world class healthcare insurance sector. New topics such as telehealth, virtual reality and how digital transformation will affect the Industry will also be covered.

The 12th Annual Healthcare Insurance Forum is scheduled to take place from 31st January – 1st February 2017. With over 30 speakers, 2 keynotes from leading industry specialists and 2 workshops as well as a wellness seminar taking place alongside the conference, the forum will gather healthcare insurance stakeholders including regional regulators, authorities, ministries, insurers, operators, technology providers and corporates.

The event is supported by Truven Health Analytics, an IBM company as Gold sponsor, Medstar Insurance as HR Stream sponsor, AlMadallah Healthcare Management as Bronze sponsor and Cegedim Insurance Solutions & Hearst Health International as Exhibitors.

Posted by : Dubai PR Network Editorial Team
Viewed 5807 times
PR Category : Healthcare & Medicine
Posted on : Thursday, January 12, 2017  12:35:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : LINET Group to participate in the 5th International Child & ...
Next Story : Dubai Health Authority's smart clinic raises awareness on ho...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Bourjois Healthy Mix [12578-Views]
Prada Luna Rossa Carbon [12474-Views]
Kids Get Groovy in COÉGA Sunwear Spring/Summer 2017 collection [11962-Views]
Bourjois: Blow a Kiss for Mother's Day [10370-Views]
Paul Marciano and Al-Futtaim Celebrate GUESS' 35 Year Anniversary with Spectacular Evening... [9486-Views]
Eco-Drive FD2033-52W: Elegant timepiece from Citizen [9479-Views]
Introducing NEW Olay Regenerist Microsculpting Cream SPF30 [9150-Views]
Elizabeth Arden: White Tea fragrance [7991-Views]
Elizabeth Arden: Eight Hour® Miracle Hydrating Mist [7729-Views]
Celebrate Life's Key Moments with Mouawad Jewelry [7723-Views]
Gucci Eyewear Spring/Summer 2017 [7570-Views]
Cocktail and Bridal Couture by International Brand Label based in Dubai, Kara by award-win... [7515-Views]
Are You Ready for World Class Pinoy at Max's? [7412-Views]
Kara by KK: Wedding Season - Fashion Product Placement [7100-Views]
Browz's Lip Blush Treatment is Perfecting the Pout [7033-Views]
Nautical & Floral Designs take center stage in the Max' Spring Collection 2017 [6893-Views]
A Homage to Cuba for Spring/Summer'17 by F&F [6875-Views]
Ulysse Nardin Jade “Grand Feu” [6783-Views]
Burberry Eyewear: His and Hers [6698-Views]
Doha Bank named ‘Best Trade Finance Bank' in Qatar at Global Finance Awards 2017 [6478-Views]
Clearly Corrective Brightening and Smoothing Moisture Treatment [6411-Views]
Lose the Back Pain at Work [6387-Views]
Danube Dubai Fashion League showcases stunning designs amidst UAE's fashion elite [6063-Views]
World's Best Family SUV – the All-New Land Rover Discovery Makes its Debut in the United A... [5844-Views]
IKEA Spreads Cheer on International Day of Happiness [5771-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories