Healthcare Operators and Insurers prepare for mandatory healthcare insurance across the GCC

With mandatory healthcare insurance coming into place across the region and medical pricing and inflation continuing to rise, healthcare providers, insurance companies, and solutions providers must ensure their business models are ready to cater to the significant impact it will have on the healthcare insurance landscape.

In advance of the 11th annual Healthcare Insurance Forum Middle East, a report on the Challenges Resulting from the Introduction of Mandatory Healthcare Insurance in the GCC Region has been published that talks about the need for a sustainable healthcare funding model and the challenges faced by the governments, insurance providers and employers as these countries move to private health insurance to fund healthcare.

The report highlights the need for GCC governments to introduce mandatory healthcare: a system in which employers provide insurance for their employees and in some cases, even their dependents. The report talks about the ways insurance premiums can be kept low so as to help curb costs for employers while creating a better standard of healthcare for employees which has several benefits for employees and employers alike.

The report is a must-read for insurance providers, brokers, healthcare operators, healthcare regulator bodies, technology/service providers and consultants/advisors within the healthcare industry. A special focus has been put on pricing and how to curb premium and medical inflation as the number of medical insurance seekers rise. Insurance fraud is a primary culprit that hikes up premiums. Providers like Daman National Health Insurance, the largest insurance company in UAE, have introduced a range of measures to reduce such fraud that can be explored within the report.

“As a health insurer, entrusted with managing the premiums of our clients, we make great efforts to ensure that we address cases of fraud and abuse...We continue to improve our detection methodologies,” says Dr. Jad Aoun, Chief Medical Officer, Daman National Health Insurance in the report

The healthcare industry is wrought with inefficiencies. Estimates suggest that across the Middle East up to 50 percent of the money spent on healthcare is wasted. The report talks about how countries that have implemented mandatory healthcare have put specific practices in place that increases efficiency and effectiveness to curb this kind of wastage.

The report can be accessed at http://www.healthcareinsuranceforumme.com/Forms/Report-Download-Resources/

With over 35 speakers, 4 keynotes from leading industry specialists and 3 workshops, the Healthcare Insurance Forum Middle East will gather healthcare insurance stakeholders including regional regulators, authorities, ministries, insurers, operators, technology providers and corporates from the 25th – 28th of January 2016 at The Address Hotel Dubai Mall. To find out more about this Forum, to register or download the report, visit the official website at: http://www.healthcareinsuranceforumme.com/