One of the leading medical simulation centres in the Middle East at KFMC
Dr. Mushabbab Al Asiri, Executive Director of Medical Affairs of King Fahad Medical City talks about the pioneering surgeries and simulation centre at KFMC.
imported 2024-03-17 17:43:08
Dr. Mushabbab Al Asiri, Executive Director of Medical Affairs of King Fahad Medical City talks about the pioneering surgeries and simulation centre at KFMC.
King Fahad Medical City is one of the largest medical complexes in the world. Most of it began a long time ago in the ‘70s when the idea was first formulated and then the building commenced in 1983. It became operational in 2003 and now after a decade of operation it has become one of the benchmarks in the Middle East and we have the vision to become an international benchmark.
The increase in the expenditures in healthcare has been dramatically higher over the past decade, from about 3% of GDP to about 7% of GDP. That is significant; if we continue on that path soon enough we will be getting up-to the 15% or even 20% level and that would be a huge burden for the government.
It’s very clear that the family business in Saudi Arabia is dominant in general for the economy. The future of the family business has to be improved and developed to meet the challenges, which is technology and many other things.
In addition, according to Ninth Development Plan by Ministry of Economic & Planning, increasing life expectancy (74 years) which is leading to an ageing population in need for specific and costly health services (> 60 years are growing from 4% to 7% in 2020).
The outlook in health insurance industry is that it’s expanding. There was a study in 2012 that found the demand in health services and health insurance services in Saudi Arabia would expand 100% in 2019, which is a huge figure that requires a lot of efforts and changes to CCHI, and overall quality of health insurance companies and providers.
View an exclusive analysis of the healthcare sector in Malaysia, outlook for the medical tourism by one of the best hospitals in the Malaysia.
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We at Nazer have decided to position ourselves as the leading healthcare company in Saudi Arabia for a variety of reasons, among which is that the healthcare sector in Saudi is probably one of the most promising sectors in the economy.
Loay H. Nazer, Chairman of Nazer, talks the major challenge in the insurance sector.