American Hospital Management Company (AHMC) and INDEX Healthcare Management (IHCM), a subsidiary of INDEX Holding, announced the signing of a new agreement that formalizes an alliance focused on bringing the know-how and experience necessary to create synergies that will set a new standard in the regional healthcare market.
The AHMC executive team hosted their counterparts from IHCM’s corporate office based in Dubai Healthcare City, considered by many to be the epicenter of the region’s emerging healthcare sector. Company officials announced that the alliance’s objective is to create synergies that will leverage IHCM’s regional market experience with AHMC’s management model spotlighting American hospital management fundamentals and quality standards. The group will partner with local interests to enhance healthcare delivery via a wide array of specialized consulting services as well as provide expertise in matters related to the development and management of internationally accredited world-class healthcare facilities.
The significant increase in the UAE’s population is the primary driver of demand for healthcare goods and services. Population growth in the UAE is among the highest in the world, primarily due to immigration and increasing number of expatriates working in the UAE. The Ministry of Health has predicted that Government spending on the healthcare sector would reach 40 billion Dirhams by 2015, while medical tourists are set to cross the 20 million mark for the same period.
“The AHMC and IHCM alliance is one which is long overdue. Our collective experience and resources bring together know-how and capabilities that are unique in the market and positions us effectively to engage the market successfully. AHMC and IHCM share a common vision of working closely with stakeholders to provide global quality health and innovative turnkey solutions and deliver them locally,” stated Randall D. Arlett, President and CEO of AHMC.
Dr. Abdul Salam Al Madani, Chairman of INDEX Holding, said, “Over the past thirty years, INDEX has been a major mediator and active partner in the healthcare sector not only in the UAE but also in the region, we also have one of the most prestigious companies in the region that is specialized in healthcare management and consultancy – “INDEX Healthcare Management”. We are very pleased and positive about this agreement that aims at encouraging the medical and health investment and hospital management not only in the Middle East, but also in Asia and Africa. Moreover, this partnership will help spread the knowledge from the UAE to the GCC, Middle East, Asia and Africa regions.”
“I am very excited about this partnership with the American Hospital Management Company,” said Dr. Al Madani. “This Emarati and American collaboration provides incredible scale, vast expertise in the development and management of internationally accredited world-class healthcare facilities and a proven ability to execute,” continued Dr. Al Madani.
A long-awaited mandatory health insurance that was announced by the DHA in December 2013 will have a profound and positive impact on the emirate’s growth and demand in healthcare services. Abu Dhabi passed similar health insurance legislation in 2006, paving the way for an immediate 40% increase in demand for healthcare services and doubling of revenues for most private hospitals in subsequent years, according to industry experts.
According to a ministry report, there are 92 hospitals in the country, 15 of which are owned by the ministry, 246 primary healthcare centres, 67 general medical centres, 11 school health centres, 10 maternal and childcare centres, 110 specialised maternity units at primary healthcare centres and hospitals and 1,162 private hospitals, specialised centres and clinics (2013).
Dubai’s health care industry will see a quantum leap in the next few years, following the adoption of a strategic plan for the years 2013–2025 by Dubai Health Authority.
INDEX Holding – Corporate Office
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