In almost any healthcare setting, it is taken for granted that teamwork and collaboration are required to deliver the best medical care.
Think about it. The emergency department, the operating room, intensive care units, and even primary care well visits – they all involve at least a handful of professionals working together to serve the patient.
If in a hospital or clinic setting the best outcome is delivered when we start putting the patient at the center of our activities, then it is no surprise that partnerships, teamwork and collaboration are required to address the broad-based healthcare challenges facing the region.
In the GCC, a burgeoning population and the emergence of a middle class has brought new challenges, including an increase in ‘lifestyle diseases’ ranging from obesity and diabetes to cardiovascular disease and cancer.
Here, there is an urgent need for a sustainable healthcare delivery model in which quality care is delivered while controlling cost. Over the past decade in efforts to ensure broader access to healthcare, governments have increased healthcare spending from an average of 2 per cent to 4 per cent of GDP. However, improvements in the quality of care have not kept pace and consequently, partnerships between the public and private sector are becoming a necessity now more than ever.
For Lebanon, Jordan and Egypt, where there is a vibrant private sector and no shortage of skilled doctors and nurses, their biggest challenge is securing universal healthcare coverage while managing costs by improving efficiency and productivity. In turn, these cost savings allow them to upgrade their national healthcare infrastructure, keeping up with the latest technology. We have recently observed major interest to invest in Egypt from GCC-based private providers, who are drawn by an expected strong return on investment resulting from high patient flow—fueled by the large and growing population of nearly 100 million.
Iraq, Syria and Yemen are in the process of rebuilding their healthcare delivery models, with Iraq leading the way as their Ministry of Health upgrades existing hospitals and purchases service from newly created private providers.
Public private partnerships are gaining momentum driven by the public sector’s need to improve quality of care while managing cost. The private sector is well-equipped to play an active role in transforming healthcare delivery, helping the public sector move away from the costly capital investment model to one in which high quality, efficient healthcare is provided without the large capital cost (a shift from capital expenditure to operating expenses).
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Read more:
GE signs agreement with UAE health ministry for hospital radiology
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There are several significant PPPs in this region, including an impressive project in Turkey that will see the development of 29 healthcare facilities, including large medical cities. It will add more than 22,000 beds in a programme that will see private EPC’s fund, build, equip and service these facilities on behalf of the government for a period of more than 20 years. The operators will be paid on a fee-for-service basis combined with meeting other performance criteria.
PPP works best in an environment of transparency, visibility, and where there is confidence that the projects will run for the long term.
A great example of this transformation is what is taking place in Saudi Arabia, where the Ministry of Health and Prevention is preparing an request for proposal to partner with the private sector to run radiology departments across their network of hospitals.
Another PPP example in the UAE, involves GE Healthcare and our local partner Abu Dhabi International Medical Services managing radiology departments in 12 MOHP hospitals. The project—known as Unison—is actively revamping service delivery, reducing waiting time and improving patient experience.
Of course, these PPPs, by definition, reflect the need for collaboration and partnership among many players.
The intersection of healthcare and digital, big data, artificial intelligence, cybersecurity data protection, and the relevant laws and regulations covering the protection and movement of patient information, are the subject of much debate today.
Getting the supporting legislation right is essential, because the benefits of digital healthcare are huge. There is a pressing need for adoption given that healthcare globally, and not just in this region, is a decade behind other industries in leveraging digitisation.
Initially, healthcare was drawn by the possibility of using big data to improve efficiencies and productivity, and to lower costs. But now, the industry is waking up to the potential of harvesting available data in delivering value-based, outcome-driven care, and shaping the future of personalised medicine and treatment. At a broader level, predictive data analytics have the potential to revolutionise population health management.
Put simply, once you start to crunch healthcare data, the possibilities are endless but the challenges immense. The myriad of issues—unstructured qualitative and quantitative data arriving in different formats and from multiple sources using incompatible systems—need to be resolved before the data can be used to derive analytics and consequently algorithms and applications.
On the level of public health, the ability to analyse health data across entire populations will give governments and ministries of health advanced warning signs and insights into developing trends to manage population health and consequently prevention plans. However, none of this is possible without digitising healthcare, an effort that many ministries of health in our region are focusing on like Saudi Arabia’s health information systemproject, or the Electronic Medical Records project in UAE.
From digitising data to analytics, from value outcomes to bundle pay, from a fully public system to true PPP, there is no doubt that healthcare is witnessing a massive transformation and success is dependent on full partnership and collaboration between all the stakeholders:
The technology innovators—the likes of IBM, Google & Amazon—who are experts in data & analytics, and possess in-depth customer knowledge;
The medical devices & pharmaceutical companies, like Roche and GE, who have the expertise that facilitate diagnosis, therapy, and research & development;
The public and private healthcare providers—hospitals and clinics that deliver clinical care, have patient access and own the data; and
The insurers and public payers, who have full visibility on population data, disease management and have the capital needed to invest.
Healthcare will not leapfrog until these players collaborate and put patient care at the centre of their respective universe.
Maher Abouzeid is the President & CEO, Eastern Growth Markets at GE Healthcare.
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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In numbers: PKK’s money network in Europe
Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010
Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille
Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm
Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year
Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”
Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners
TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
A MINECRAFT MOVIE
Director: Jared Hess
Starring: Jack Black, Jennifer Coolidge, Jason Momoa
Rating: 3/5
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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Where to apply
Applicants should send their completed applications - CV, covering letter, sample(s) of your work, letter of recommendation - to Nick March, Assistant Editor in Chief at The National and UAE programme administrator for the Rosalynn Carter Fellowships for Mental Health Journalism, by 5pm on April 30, 2020.
Please send applications to nmarch@thenational.ae and please mark the subject line as “Rosalynn Carter Fellowship for Mental Health Journalism (UAE programme application)”.
The local advisory board will consider all applications and will interview a short list of candidates in Abu Dhabi in June 2020. Successful candidates will be informed before July 30, 2020.
UAE currency: the story behind the money in your pockets