Healthcare Guide 2018
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
A HEALTHY INVESTMENT • BE WELL, BE SUCCESSFUL<br />
GUIDE <strong>2018</strong> / HEALTHCARE<br />
DR THUMBAY<br />
MOIDEEN<br />
“I HAVE ALWAYS VIEWED<br />
SUCCESS AS THE IMPACT<br />
ONE HAS ON SOCIETY.”<br />
GUIDE <strong>2018</strong><br />
HEALTHCARE<br />
MACHINES AND<br />
MEDICINE:<br />
THE EVOLUTION<br />
OF HEALTH<br />
INVESTMENT<br />
A HEALTH<br />
ODYSSEY<br />
AS THE FOUNDER OF THE ICONIC THUMBAY GROUP<br />
PREPARES TO CELEBRATE HIS 20TH ANNIVERSARY, HE<br />
HAS NO INTENTION OF SLOWING DOWN.<br />
UAE ....................................AED 30<br />
68 FORBES MIDDLE EAST SAUDI ARABIA I GUIDE ................. <strong>2018</strong> SAR 30<br />
BAHRAIN ...........................BHD 3<br />
KUWAIT .........................KWD 2.5<br />
OMAN ............................... OMR 3<br />
OTHERS .................................... $8
67 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
Contents<br />
<strong>Guide</strong> <strong>2018</strong> / <strong>Healthcare</strong><br />
6 I Side Lines // Claudine Coletti<br />
Healthy Change<br />
LeaderBoard<br />
10 I <strong>Healthcare</strong> Billionaires In the GCC<br />
12 I Women Take The Lead In Health<br />
12 I GCC Residents Skirting GPs<br />
Thought Leaders<br />
10<br />
14 I Building A Strategy For Smart Hospitals<br />
By Dr Anees Fareed<br />
24 I Hooking Top Talent With <strong>Healthcare</strong><br />
By Steve Clements<br />
36 I Behavioral Science Can Help Improve Health<br />
By Dr. Yahya Anouti<br />
54 I AI And Robotics Roadmap<br />
By Hamish Clark<br />
58 I Clinical Decision Support Systems In The Era Of AI<br />
By Dr Nader Elshehabi<br />
Investment<br />
16 I The Specialists<br />
Mohammed Ali Al Shorafa Al Hammadi, Managing Director and CEO of<br />
United Eastern Medical Services (UEMedical), has built a specialized healthcare<br />
network to rival global competitors. As families flock to the cutting-edge<br />
facilities, he’s getting ready to expand.<br />
By Claudine Coletti<br />
18 I A Healthy Investment<br />
Dr. Ibtesam AlBastaki, Director of Investment and Partnership at the<br />
Dubai Health Authority, is leading the way in working with local and<br />
international private and public stakeholders to grow the health sector<br />
and bring innovation to the forefront.<br />
By Claudine Coletti<br />
20 I The Pros And Cons Of Privatising Gulf <strong>Healthcare</strong><br />
By Dominic Dudley<br />
22 I Predictions For <strong>Healthcare</strong> Delivery In <strong>2018</strong><br />
By Vivek Shukla<br />
Pharma<br />
26 I Changing The Growth Paradigm In<br />
Pharmaceuticals<br />
By Dhiraj Joshi<br />
16<br />
30 I Tighter Compliance For Medical Manufacturers<br />
The power held by pharmaceutical and medical device companies is everincreasing<br />
as they deliver the products to save and prolong people’s lives. In<br />
the last five years global regulations have tightened to make sure that these<br />
companies are operating transparently for those that rely on them most—<br />
patients. The Middle East is now following suit.<br />
By Claudine Coletti<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 1
Contents<br />
<strong>Guide</strong> <strong>2018</strong> / <strong>Healthcare</strong><br />
Global <strong>Healthcare</strong> Billionaires<br />
40<br />
46<br />
Technology<br />
46 I On The Road To An Autonomous Future<br />
AI is being embraced across the world to speed up treatments and<br />
save lives, with many companies using intelligent algorithms to<br />
revolutionize our healthcare systems.<br />
By Dr. Sana Farid<br />
50 I Accuracy Matters<br />
Will robots and AI technology replace our surgeons in the future?<br />
Unlikely, but we’re happy they are around to guide them.<br />
By Inga Louisa Stevens<br />
52 I Mobile Medicine<br />
Telehealth tools are starting to bring our GPs to our telephones, and<br />
unsurprisingly it’s the start-up ecosystem leading the charge.<br />
By Marwan Abdulaziz Janahi<br />
Lifestyle<br />
56 I Be Well, Be Successful<br />
Making small changes to your routine can have a profound influence on<br />
energy levels and general health, which will naturally boost performance in<br />
the office. Nutrition and environment are two things to be aware of—but<br />
always consult a doctor regarding any diet or lifestyle changes.<br />
By Tim Garrett<br />
60 I Arming Children For A Healthier Future<br />
As the region continues to see rising numbers of lifestyle-related diseases<br />
such as diabetes and obesity, what more should we be doing to ensure that<br />
our bad habits are not passed on?<br />
By Dr Raza Siddiqui<br />
62 I Destination <strong>Healthcare</strong><br />
The numbers of tourists travelling overseas for the sole purpose of obtaining<br />
healthcare treatment is rising, although it’s unclear how rapidly. The U.A.E.<br />
is determined to lead the market.<br />
By Subodh Panangatt<br />
56<br />
64 I Thoughts On Health<br />
2 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 3
Contents<br />
<strong>Guide</strong> <strong>2018</strong> / <strong>Healthcare</strong><br />
ON THE COVER<br />
32 I A HEALTH<br />
ODYSSEY<br />
Head of the iconic Thumbay Group,<br />
Dr. Thumbay Moideen, established the<br />
region’s first and only private medical<br />
university in Ajman two decades ago,<br />
followed by its first private teaching<br />
hospital. Today his network expands<br />
across 20 different sectors including<br />
real estate, wellness and hospitality.<br />
As he prepares to celebrate his 20th<br />
anniversary, the leader has no intention<br />
of slowing down.<br />
By Forbes Middle East<br />
4 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 5
SIDE LINES<br />
Dr. Nasser Bin Aqeel Al Tayyar<br />
President & Publisher<br />
nasser@forbesmiddleeast.com<br />
Khuloud Al Omian<br />
Editor-in-Chief Forbes Middle East<br />
CEO - Arab Publisher House<br />
khuloud@forbesmiddleeast.com<br />
Claudine Coletti<br />
Managing Editor - Special Editions<br />
claudine@forbesmiddleeast.com<br />
Mary Sophia<br />
Deputy Editor for Magazine<br />
mary@forbesmiddleeast.com<br />
Head of Creative: Soumer Al Daas<br />
Graphic Designers: Sally Hoteit, Kashif Baig<br />
Head of Sales: Krishna Natarajan<br />
krishna@forbesmiddleeast.com<br />
Senior Group Sales Manager: Ruth Pulkury<br />
ruth@forbesmiddleeast.com<br />
Sales Managers:<br />
Arif Abdul<br />
arif@forbesmiddleeast.com<br />
Karthik Krishnan<br />
karthik@forbesmiddleeast.com<br />
Sales & Marketing Coordinator: Mathew George<br />
mathew@forbesmiddleeast.com<br />
For KSA<br />
Sales Manager: Ghousuddin Rizwan Mohammed<br />
rizwan@forbesmiddleeast.com<br />
Sales Manager: Ahmed Gohar<br />
agohar@forbesmiddleeast.com<br />
Events Director: Nolie Papa<br />
Executive Assistant to CEO & Editor-In-Chief<br />
Kavya Pinto<br />
editorial@forbesmiddleeast.com<br />
Head of Finance: Daniyal Baig<br />
daniyal@forbesmiddleeast.com<br />
Operations Manager: Habibullah A. Qadir<br />
habib@forbesmiddleeast.com<br />
Head of Human Resources: Khizraa Javed<br />
hr@forbesmiddleeast.com<br />
Queries: editorial@forbesmiddleeast.com<br />
For Production Queries:<br />
production@forbesmiddleeast.com<br />
GUIDE <strong>2018</strong> / HEALTHCARE<br />
IN TOUCH WITH BUSINESS<br />
Forbes.ME<br />
forbesmiddleeast<br />
ForbesME<br />
Forbes Middle East<br />
Healthy Change<br />
By Claudine Coletti<br />
Technology has changed our lives in innumerable ways, but arguably<br />
one of its biggest impacts has been on our awareness of and<br />
engagement with our health. My Fitbit vibrates to remind me to<br />
get up and walk around every hour—in another year it could be directly<br />
sharing information on my vital statistics and daily routine with my doctor<br />
and letting me know if I need to make an appointment, which could very<br />
well be carried out virtually.<br />
The digital evolution of healthcare is a running theme in our special<br />
edition on healthcare for <strong>2018</strong>, with AI and robotics entering the Middle<br />
East’s clinics and theatres. Research suggests that patients are ready for this<br />
change, the question is whether regulation can keep up.<br />
Growth in the industry overall doesn’t look to be slowing down. With<br />
an ever-expanding population, new clinics, hospitals and government<br />
initiatives designed to improve awareness and patient experience are<br />
popping up throughout the region. As the youth embrace healthier lifestyles<br />
assisted by their apps and wearable devices, the older population are<br />
increasingly suffering from the effects of their own lifestyle choices, with<br />
the number of people admitted with diabetes and cardiovascular problems<br />
in the region still worryingly high. To meet this challenge and provide highquality<br />
services, public and private investment must also increase.<br />
The issues explored in this edition were also discussed at Forbes Middle<br />
East’s first healthcare event on March 31 in <strong>Healthcare</strong> City. Providing a<br />
platform for debate, knowledge-sharing and networking, we delved into<br />
one of the region’s fastest growing and most lucrative sectors, with a specific<br />
focus on future investment, challenges in pharma and ongoing innovation.<br />
We brought together leaders of healthcare investment groups, major<br />
hospital chains, trade associations and medical device manufacturers, as<br />
well as government representatives, for these important conversations.<br />
Being at the forefront of change is part of what we do at Forbes Middle<br />
East—looking ahead and there’s a lot more to come.<br />
6 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 7
Forbes Middle East is published<br />
by Arab Publisher House<br />
and licensed by Forbes LLC.<br />
Some of the content published in this issue is<br />
selected from the Forbes U.S. magazine.<br />
All rights reserved (2015).<br />
Contact us<br />
Head Office: 14th Floor, Dubai Studio City<br />
Discovery Tower, Dubai, U.A.E. P.O.Box 502105<br />
Tel +9714 440 8975, Fax +9714 440 8976<br />
readers@forbesmiddleeast.com<br />
subscription@forbesmiddleeast.com<br />
advertising@forbesmiddleeast.com<br />
Saudi office:<br />
Office Number 3285<br />
The Northern Ring Road, Exit-7, Riyadh, KSA<br />
Ahmed Gohar +966 50 0066901<br />
Email: agohar@forbesmiddleeast.com<br />
Rizwan Mohammed +966 55 1857179<br />
Email: rizwan@forbesmiddleeast.com<br />
Jordan office:<br />
Royal Jordanian Airlines Building,<br />
1st Floor Office #114, Seventh Circle, Amman<br />
Tel: +962 795827132<br />
Email: info@aph.company<br />
Egypt Office:<br />
TH Media<br />
12 Haroun street— Al Dokki, 4th Floor<br />
Tel: 002- 0237614138<br />
Saad Zaghloul +20 100 3355558<br />
Email: saad@forbesmiddleeast.com<br />
PUBLIC RELATIONS<br />
info@tarteeb.com<br />
AVAILABLE IN STORES<br />
ACROSS THE MIDDLE EAST<br />
Scan the code & subscribe online now to download your copy<br />
8 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 9
LeaderBoard<br />
BILLIONAIRES<br />
HEALTHCARE<br />
BILLIONAIRES IN THE GCC<br />
OUT OF THE 2,208 BILLIONAIRES WORLD-WIDE in Forbes’ Billionaire rankings, B.R. Shetty and<br />
Shamsheer Vayalil made their fortune through GCC ventures in the healthcare industry. Both Shetty and Vayalil<br />
also featured on Forbes Middle East’s Top 100 Indian Business Leaders in the Arab World 2017.<br />
B. R. Shetty<br />
$4 billion<br />
• Former pharma salesman B.R. Shetty emigrated from Karnataka,<br />
India to Abu Dhabi in 1972 before establishing his healthcare<br />
empire.<br />
• His biggest asset is London-listed NMC Health, one of the<br />
U.A.E.’s largest hospital chains.<br />
• Shetty’s other interests include generics firm Neopharma as well<br />
as money remittance firms UAE Exchange and Travelex Group.<br />
• Shetty is pouring money back home, investing $1.8 billion in the<br />
state of Andhra Pradesh for projects in healthcare, hospitality and<br />
education.<br />
Did you know?<br />
Shetty owns the entire 100th floor of Dubai’s Burj Khalifa, the<br />
world’s tallest skyscraper.<br />
Shamsheer Vayalil<br />
$1.5 billion<br />
• Shamsheer Vayalil, son-in-law of Gulf retailing billionaire M.A.<br />
Yusuff Ali, founded VPS <strong>Healthcare</strong>, a network of hospitals,<br />
clinics and pharmacies.<br />
• Born into a business family in Kerala, India he migrated to the<br />
Middle East after his medical studies and worked as a radiologist<br />
at a local hospital.<br />
• Backed initially by his wealthy father-in-law, Vayalil started with<br />
one hospital in Abu Dhabi in 2007.<br />
• VPS also owns the Rockland Hospital chain in Delhi and the<br />
VPS Lakeshore Hospital in Kochi.<br />
Did you know?<br />
Vayalil recently signed the Giving Pledge. He owns a Gulfstream<br />
G450 Aircraft priced between $38 million to $43million.<br />
10 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
Global Hawk<br />
Imaging & Diagnostics<br />
We Have Evolved<br />
THE ONE AND ONLY DIAGNOSTIC CENTER<br />
WITH<br />
CLOSED MRI<br />
BOTH<br />
ALL UNDER ONE ROOF<br />
OPEN MRI<br />
✓ 64 Slice Dual Cardiac CT Scan<br />
✓ Digital Mammography<br />
✓ DEXA<br />
✓ 2D,3D & 4D Ultrasound<br />
✓ Digital X-RAY<br />
✓ CBCT<br />
✓ Special Contrast Studies<br />
✓ In-House Advanced Clinical Lab<br />
❖ Female Specialist Radiologists Catering To Female Patients<br />
❖ 24-hour Turnaround Of Accurate Diagnostic Reports<br />
❖ Dedicated Insurance Approval & Booking Team<br />
❖Transportation Facility Available<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 11
LeaderBoard<br />
FEM-TECH<br />
Women Take The<br />
Lead In Health<br />
In a report issued to coincide with International Women’s Day on 8th<br />
March, consultants Frost & Sullivan revealed that female technology<br />
(that’s any diagnostics, software, products and services that uses digital<br />
technology to improve women’s health) could be the next disrupter in<br />
healthcare, with a global market potential of $50 billion by 2025.<br />
90% influencers<br />
of women are the primary<br />
healthcare decision makers<br />
for their family and key<br />
for friends.<br />
66% 75% than<br />
of female internet<br />
users look online for<br />
healthcare information.<br />
Women are<br />
80% 29%<br />
more likely to<br />
use digital tools<br />
for healthcare<br />
men.<br />
of household healthcare<br />
spending is done by<br />
women. Working-age<br />
women spend<br />
50% elderly<br />
more per capita on<br />
healthcare compared<br />
to males in the same<br />
age group.<br />
of global healthcare customers<br />
are women and they are the<br />
primary care givers for the<br />
and children.<br />
SPECIALIST WINS<br />
GCC Residents<br />
Skirting GPs<br />
According to a recent survey by Arab Health <strong>2018</strong>,<br />
41% of GCC residents go directly to a specialist<br />
when they fall ill, as opposed to visiting a general<br />
practitioner (GP) or family doctor.<br />
Looking at the U.A.E. in particular, 50% of Emirati<br />
nationals surveyed said they do not go directly<br />
to a specialist without consulting with a GP, with<br />
33% opting to visit a specialist when they are ill.<br />
In comparison, around 36% of expat respondents<br />
said that they do not visit a GP when sick, with 28%<br />
going directly to a specialist.<br />
Arab Health also found that 45% of GCC residents<br />
monitor their health through wearable technology,<br />
such as fitness trackers or smart watches, and 49%<br />
of respondents believe that 3D printing of organs<br />
or limbs is an effective way to save lives.<br />
BY WAVEBREAKMEDIA / SHUTTERSTOCK.COM<br />
12 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
FORBES MIDDLE EAST // MOUNT LEBANON HOSPITAL<br />
The Booming Art of<br />
Plastic Surgery<br />
Dr Antoine Abi Abboud is one of Lebanon’s most renowned plastic surgeons, with a residence<br />
as head of plastic surgery in Mount Lebanon Hospital. Here he speaks about the impact of<br />
technology on the industry and the challenges being faced.<br />
Why did you first decide to become a plastic<br />
surgeon? How has the industry changed since you<br />
started practicing?<br />
Since I was a child, I have always dreamt of being a<br />
doctor. With time, during my first two years in medical<br />
school, plastic surgery and mainly reconstructive<br />
surgery became my goal. I loved geometry, physics,<br />
arts and above all beauty, and there is a bit of each in<br />
plastic surgery.<br />
A lot of things changed during my residency, for<br />
example when I started specialty in plastic surgery,<br />
botulinum toxins and fillers did not exist yet. Many<br />
things have changed, but many things and techniques<br />
remain the same.<br />
What impact are technology and robotics having on<br />
the field of plastic surgery?<br />
Technology has had a big impact on our profession.<br />
The botulinum toxin as well as hyaluronic acid are two<br />
great examples of product manufacturing. There have<br />
been great developments in liposuction techniques<br />
with vibro-liposuction, vaser and laser liposuctions. Let’s also<br />
not forget also the paramedical technology using machines<br />
related to sliming, treating the skin and tightening the body.<br />
Recently cryotherapy, hair restoration techniques and laser<br />
technologies are booming.<br />
Robotics are to be tested for the near future.<br />
What are the most in demand aesthetic procedures?<br />
Currently, in the Middle East and the rest of the world, botox<br />
injections rank number one among aesthetic procedures.<br />
If we want to talk about surgeries however, number one is<br />
liposuction—we use this technique in almost any plastic<br />
surgery we perform—followed by rhinoplasty.<br />
Third is breast implants, and in the same vein as body<br />
procedures is body lifting following massive weight loss, which<br />
is a consequence of the development of the high demand in<br />
weight-loss surgical techniques.<br />
What are some of the key challenges currently faced by<br />
plastic surgeons?<br />
The growth in the beauty market has created a lot of challenging<br />
Dr Antoine<br />
Abi Abboud<br />
areas for the plastic surgeon as it allows or stimulates the<br />
appetite of other less-qualified medical or non-medical<br />
specialties and leads to higher rates of possible complications<br />
related to misuse by non-specialists or intruders.<br />
Our specialty needs a lot of motivation, hard work and<br />
patience to succeed, as well as continuous medical updates.<br />
Plastic surgeons trust their hands more than any other tool.<br />
Most of the techniques we currently use have always been used<br />
in the same way, with some refinements every now and then.<br />
Do you think that cosmetic surgery is still a taboo subject or<br />
has it gone mainstream?<br />
Cosmetic surgery nowadays is no longer a taboo, even in<br />
the Middle East and Arab countries. Access to these kinds of<br />
surgery is nowadays so easy and can correspond to the rise in<br />
demand for cosmetic surgery in these areas.<br />
What are your future plans for your business?<br />
We will be moving to a new state-of-the-art clinic in Achrafieh,<br />
at the heart of Beirut, from June <strong>2018</strong>, while keeping up our<br />
monthly visits to Dubai.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 13
GUIDE <strong>2018</strong> HEALTHCARE THOUGHT LEADER<br />
Building A Strategy<br />
For Smart Hospitals<br />
What’s a smart hospital? It is better<br />
patient experience and improved<br />
efficiency for services and care<br />
processes that ensures seamless flow and access<br />
to relevant information for both healthcare<br />
providers and patients.<br />
As of today that world is just a click away.<br />
In the era where adoption of smart technologies<br />
such as mobile applications, tablet PCs and<br />
wearables in healthcare seem to be the new norm<br />
and investments in digital infrastructure and<br />
connecting devices are on the surge, this dream<br />
of a smart hospital is no longer distant. However,<br />
every hospital aspiring to become smart needs to<br />
know how to plan well ahead and build strategy,<br />
carefully select and implement available smart<br />
technologies and transform healthcare delivery<br />
processes to meet the key objectives of a smart<br />
hospital. These are: ensuring seamless patient<br />
flow; improved clinical processes and ability;<br />
offering remote patient care; access to the right<br />
information for the right people at the right time<br />
from anywhere; and enhanced patient safety.<br />
Improving Patient Experience<br />
Using smart technologies for a better patient<br />
experience begins well before the patient arrives<br />
in the hospital by using smart mobile applications<br />
and patient portals, allowing patients to provide<br />
and update required personal information,<br />
insurance details and relevant clinical history,<br />
including lab reports and allergies. Patients<br />
will also be able to search for apt physicians,<br />
view their credentials, make bookings,<br />
receive reminders, and cancel or reschedule<br />
appointments.<br />
Smart parking apps will enable them to locate<br />
vacant parking spaces, with the facility to book<br />
and pay, helping patients escape the tedious task<br />
of finding vacant parking lots. Patient kiosks<br />
integrated with a queue management system<br />
will enable patients to not just self-check-in with<br />
a smartcard and get token numbers, but also<br />
receive location directions to departments or<br />
procedure rooms where they have appointments.<br />
Registration desks equipped with eSignature pads<br />
and payment machines would help them read<br />
and sign on required consent forms and would<br />
make advance payments for services. At the time<br />
of admission, the patients would be tagged with<br />
an electronic wristband that allows doctors and<br />
nurses to track their vital signs, medication times<br />
and sleep patterns remotely and receive alerts if<br />
anything is abnormal to take necessary actions.<br />
Patient rooms can be equipped with a<br />
large, flat screen monitor that will not only<br />
offer entertainment such as TV, video games,<br />
or internet, but also patient education content<br />
and instructions about their health condition<br />
or a pending procedure. They will also be able<br />
to access dietary services, order their meal and<br />
receive reminders about upcoming appointments.<br />
A smart digital screen in front of the room<br />
could display vital information about the patient<br />
including care provider name and allergies if any.<br />
Improving Care Processes and Support<br />
Services<br />
A well-integrated Electronic Medical Record<br />
(EMR) connected to medical devices, point<br />
of care devices and investigation equipment<br />
could be automated, documenting clinical<br />
data including physiological parameters,<br />
investigation reports, images and videos and<br />
make it accessible through a single source.<br />
This will allow the care providers to access<br />
information relevant to patient care at the right<br />
time from anywhere in the hospital network.<br />
The use of RFID and barcode-assisted blood<br />
transfusion and drug administration, smart<br />
infusion pumps that can document infusion<br />
details and robotic drug dispensing machines<br />
and lab instruments are a few other examples of<br />
smart technology applications that can not only<br />
improve patient safety but also enhance clinical<br />
processes efficiency.<br />
DR ANEES FAREED, CHIEF MEDICAL INFORMATION OFFICER AT THE AL JALILA CHILDREN’S SPECIALTY HOSPITAL, DUBAI AND TRANSFORMATION STRATEGIST<br />
FOR CERNER ITWORKS<br />
14 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
To get maximum benefit from<br />
technology, hospitals need<br />
to develop smart strategies<br />
about how to use it.<br />
FORBES MIDDLE EAST / RAJA<br />
Building a Smart Strategy<br />
A well-thought-out smart hospital strategy should be directed<br />
towards building or transforming the hospital into a facility<br />
that will provide excellence in clinical outcomes, efficiency in<br />
operations and enhancement of patient experience.<br />
Building a smart hospital strategy is more than just<br />
bringing together smart devices and applications connected to<br />
high-speed networking infrastructure. The strategy should also<br />
aim to redefine the care processes and operational procedures,<br />
and redesign physical infrastructure to drive a new way of<br />
delivering care.<br />
Smart hospitals require a complete revisit of how different<br />
patient services are offered within the hospital. For example,<br />
building patient rooms equipped with patient infotainment<br />
systems redefines how information related to patients’<br />
conditions, procedures, medications and treatments are<br />
disseminated to them in addition to providing entertainment.<br />
Investing in Kiosks and patient portals redefine how patients<br />
are being registered, checked in and make payments, which<br />
enhances operational efficiency and patient experience<br />
The patient care delivery process is another area that<br />
needs to be re-designed to meet smart hospital requirements.<br />
<strong>Healthcare</strong> mobile applications, sensors and wearable<br />
monitoring and communication devices are transforming the<br />
way patients interact with providers. These smart applications<br />
and devices can shift some of the care processes beyond<br />
hospital settings, either at satellite health centers or even at a<br />
patient’s home. While surgical robots improve the accuracy and<br />
efficiency of procedures, certain new treatment methods such<br />
as micro-surgeries are available now, which cannot be done<br />
by clinicians. Multispecialty team-based care models across<br />
hospitals are now easier, with the ability to share and monitor<br />
patient information and stream images and videos.<br />
The design of logistics and support services workflow should<br />
be considered along with the availability of smart technologies,<br />
such as RFID and secured wireless networks, which can be used<br />
to identify, track and report on locations and the utilization of<br />
hospital resources. Robotics in pharmacies and laboratories that<br />
automate the majority of the workflow processes requires design<br />
as well as physical infrastructure. These technologies transform<br />
the way logistics and support services are managed while<br />
minimizing waste and reducing cost.<br />
Smart hospitals should also give adequate focus on people<br />
management, training and adoption to take full advantage of<br />
digital capabilities and smart technologies. Leaders must think<br />
through how the smart hospital transformation will affect<br />
management systems, governance and technical competencies<br />
among its people. A solid governance model that facilitates<br />
collaboration between technical and clinical staff is required<br />
for the successful implementation of smart technologies and to<br />
achieve a smart hospital vision.<br />
It’s not just technology that builds a smart hospital; the<br />
right strategy demands us to get a bit smarter in how we<br />
implement it.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 15
GUIDE <strong>2018</strong> HEALTHCARE INVESTMENT<br />
The<br />
Specialists<br />
Mohammed Ali Al Shorafa Al Hammadi, Managing<br />
Director and CEO of United Eastern Medical Services<br />
(UEMedical), has built a specialized healthcare network<br />
to rival global competitors. As families flock to the<br />
cutting-edge facilities, he’s getting ready to expand.<br />
By Claudine Coletti<br />
When Mohammed<br />
Ali Al Shorafa Al<br />
Hammadi, Managing<br />
Director and CEO<br />
of UEMedical, first established the<br />
healthcare investment group in 2006,<br />
it was to develop a 50-bed boutique<br />
maternity facility—set at the time<br />
to be Abu Dhabi’s first privatelyowned<br />
speciality hospital. Designed<br />
to offer an international-standard<br />
patient experience, it was already<br />
an ambitious project. However,<br />
things soon escalated when Al<br />
Shorafa decided to take things to<br />
the next level. “Sheikh Mohammad<br />
has aspirations. He always wants<br />
to develop new things and to start<br />
where the rest of the world has<br />
stopped,” he explains.<br />
Al Shorafa scrapped his original<br />
plans, resolving instead to develop a<br />
totally specialized facility for women’s<br />
and children’s services. The concept<br />
was new, but timely. In a market<br />
saturated with general hospitals<br />
and multi-specialty centers, the<br />
government at the time was seeing<br />
many patients leaving the emirates to<br />
seek out the highest-quality services<br />
and treatments. It was costing<br />
them money. It was time to create<br />
something locally that could compete<br />
with international standards and offer<br />
families a home-grown alternative.<br />
The new vision was “a whole new<br />
ball game” Al Shorafa admits. He and<br />
his team went back to the drawing<br />
board. Having previously worked<br />
for nine years at the Abu Dhabi<br />
Investment Authority (ADIA) before<br />
entering healthcare development,<br />
the Managing Director and CEO<br />
was already well-versed in strategic<br />
game-plans. He put wheels in motion<br />
to analyze the market intensely<br />
for gaps and identify real patient’s<br />
needs, travelling across Europe, Asia<br />
and North America to bring in the<br />
best clinical partners, doctors and<br />
designers. Despite being in the throes<br />
of the financial crisis, shareholders<br />
held their ground. The result was a<br />
final blueprint for the slick and eyecatching<br />
Danat Al Emarat Hospital<br />
for women and children—a 150-bed<br />
IMAGE FROM SOURCE<br />
16 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
IMAGE FROM SOURCE<br />
facility at Abu Dhabi Gate<br />
City—representing an<br />
overall investment of nearly<br />
$205 million.<br />
As ground was broken in<br />
2011, Al Shorafa continued<br />
to explore ways to offer<br />
linked lines of service. With<br />
the hospital not due to open<br />
its doors for another four<br />
years, he had no intention<br />
of sitting back and waiting.<br />
He decided to start on the<br />
next logical step—a network<br />
of specialized out-patient<br />
centers.<br />
In 2009, UEMedical<br />
launched its HealthPlus<br />
brand, opening its first<br />
women’s health center<br />
offering obstetrics and<br />
gynecological treatments, as<br />
Danat Al Emarat Hospital for<br />
women and children, Abu Dhabi<br />
well as fetal medicine. Next to open in 2010 was the HealthPlus<br />
IVF and fertility center, the first of its kind in Abu Dhabi.<br />
Starting as a 600 square meter facility performing 500 cycles<br />
per year in 2010, today the center covers 2,000 square meters<br />
following two expansions and undertook almost 3,000 IVF<br />
cycles in 2017.<br />
The following year HealthPlus opened a family center at<br />
Al Bandar, designed mainly to cater for communities outside<br />
of Abu Dhabi island, encompassing a large expat population,<br />
with another opening in AlForsan Village earlier this year.<br />
In 2013 came a center focused on diabetes management and<br />
endocrinology, incorporating podiatrist, nutritionist and<br />
cardiologist services, followed by a children’s center focusing on<br />
focusing on pediatrics sub-specialities.<br />
Then, in 2015, came a joint venture between Al Shorafa<br />
and one of the U.K.’s leading institutions—Moorfield’s Eye<br />
Hospital. Having had a presence in Dubai for nine years, the<br />
NHS Foundation Trust hospital expanded into Abu Dhabi in<br />
partnership with UEMedical, with the NHS unusually retaining<br />
a 49% share of the facility and the investment group controlling<br />
a 51% stake. In October of that same year, Danat Emarat<br />
welcomed its first patient—today the hospital has over 46,000<br />
registered patients.<br />
In total UEMedical has so far invested nearly $60 million<br />
into its HealthPlus network, expanding into Dubai in March<br />
<strong>2018</strong> and into Saudi Arabia, with its first IVF center in Jeddah<br />
due to open before the end of the year. Since being established<br />
the network has had over 600,000 patient encounters, with<br />
80,000 registered users.<br />
Each facility operates both individually and as a unique<br />
piece of a greater whole. Using a single integrated electronic<br />
platform to hold and share patient records, those seeking<br />
treatment are able to move across the network seamlessly. If<br />
you are at HealthPlus Children’s Center and your child needs<br />
specialist treatment, they<br />
can be transferred to Danat<br />
Al Emarat Hospital. If<br />
a couple is identified at<br />
Danat Al Emarat as having<br />
fertility problems, they can<br />
be instantly referred to one<br />
of the HealthPlus Fertility<br />
Centers.<br />
The model of complete<br />
yet specialized care has<br />
been embraced by a diverse<br />
population. According to<br />
Al Shorafa, 90% of patients<br />
at the Al Bandar family<br />
center are western expats.<br />
“Westerners understand the<br />
model of family physicians,”<br />
he says. Elsewhere most<br />
centers are seeing a 50/50<br />
split between expat and local<br />
patients, with roughly 40%<br />
of Danat Emarat’s patients coming from a western background.<br />
Development of the network has been greatly helped<br />
along by the Department of Health and other governmental<br />
authorities in Abu Dhabi. “Without their support, it wouldn’t be<br />
easy to invest in the sector,” says Al Shorafa. “A lot of regulations<br />
come along when licensing the facilities or the healthcare<br />
providers. We operate in line with the Department of Health’s<br />
vision to create and improve the healthcare sector in Abu Dhabi<br />
and the region; securing medical excellence and ensuring that<br />
quality accessible care is delivered to the community.”<br />
Looking ahead at Al Shorafa’s five-year plan and the key<br />
word is expansion, albeit with an emphasis on the U.A.E.,<br />
Saudi Arabia and Egypt. The company is currently exploring<br />
opportunities in Riyadh and has recently signed a contract to<br />
acquire a majority stake in one of Dubai’s biggest IVF clinics.<br />
Al Shorafa is also in talks to form a “strategic relationship” in<br />
Egypt, one that will allow the company to tap into a large and<br />
developing market as it recovers from turmoil. UEMedical plans<br />
to invest nearly $550 million into the healthcare sector by 2023.<br />
Al Shorafa is clearly proud of the success and expansion<br />
of his speciality dream, but growth and investment alone is<br />
not what drives him. As well as leading his business he holds<br />
positions on multiple boards, such as the UAE-UK Business<br />
Council and U.P.I, Baniyas Concrete. He also chairs the<br />
<strong>Healthcare</strong> Working Group at the UAE-UK Business Council<br />
and is vice chairman of United Eastern Group (UEG) and Gulf<br />
Contractors Company.<br />
Despite having an influence across different sectors, he<br />
devotes most of his time to healthcare, and that will continue<br />
for the foreseeable future. The specialty has a special place in his<br />
heart. “I have a lot of other family businesses, but I give my time<br />
to medical because I have been through the agony of a father<br />
when his wife delivers,” he explains. “The passion comes from<br />
seeing infront of you what you’ve actually dreamed of.”<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 17
GUIDE <strong>2018</strong> HEALTHCARE INVESTMENT<br />
A Healthy<br />
Investment<br />
Dr. Ibtesam AlBastaki, Director of Investment and<br />
Partnership at the Dubai Health Authority, is leading<br />
the way in working with local and international<br />
private and public stakeholders to grow the health<br />
sector and bring innovation to the forefront.<br />
By Claudine Coletti<br />
The GCC healthcare sector is set to continuing booming<br />
in the next 2-3 years—what should the focus be on to meet<br />
demand?<br />
It is clearly an exciting time for the private health sector given<br />
the rise in demand for health services. The key focus should<br />
be to develop and support a sustainable and integrated health<br />
system in the GCC countries, with the private healthcare<br />
facilities collaborating closely with public health facilities and<br />
Payers to focus on quality, complementary services, post-acute<br />
care and specialized care. This includes rehabilitation services<br />
and disease-management programs for patients.<br />
How affordable and accessible do you think healthcare is in<br />
Dubai?<br />
Dubai has seen an increase in healthcare services that serve<br />
different segments and income classes. With the rollout and<br />
implementation of mandatory health insurance the aim has<br />
been to ensure that affordable health services are available for<br />
the lower income segments within Dubai’s population.<br />
We are currently doing an extensive capacity planning<br />
exercise, which will detail the current and future demand for<br />
health services vs the supply, and list gaps across geographic<br />
catchment areas in outpatient and inpatient services.<br />
The publishing of the Dubai Health Investment <strong>Guide</strong> is<br />
aimed at driving investment to fill the gaps in health services<br />
and supporting investors with the right information and data<br />
looking ahead to the next 10-12 years.<br />
Is there enough being invested in the development and<br />
implementation of MedTech?<br />
We anticipate the growth of MedTech in Dubai building on the<br />
rise in demand for health services and the continued growth<br />
and development of the private health services. We hope to<br />
support the growth of MedTech in Dubai, working closely in<br />
collaboration with the Ministry of Health, Dubai Science Park<br />
and other government stakeholders.<br />
Dubai’s leadership is forward thinking, and very supportive<br />
and encouraging of initiatives and investments in health<br />
innovation and technology. We want to be at the forefront<br />
(and at times ahead) of some of the disruptions in medical<br />
technology that can change and shape the health systems of the<br />
future. At the same time, we have to ensure that the interests of<br />
patients are protected and that the initiatives implemented are<br />
evidence-based.<br />
How are Public-Private-Partnerships helping to bring in<br />
investment?<br />
We are currently evaluating PPP models as an option for<br />
greenfield projects, as well as for some of the existing services<br />
being operated by DHA within Dubai’s healthcare sector. At<br />
this stage, it is early days, but we aim to work with the best-inclass<br />
healthcare providers, as well as specialized facilities, to<br />
enable win-win partnerships for the government and private<br />
sector partners.<br />
We are working closely with private hospitals on various<br />
initiatives and we welcome each of them to participate in PPP<br />
projects, should they meet the requirements. The projects we<br />
are working on are aimed at improving efficiencies and getting<br />
better clinical outcomes. Also attracting, training and retaining<br />
high-caliber clinical talent and implementing innovations in<br />
model of care, as well as reducing costs to the government<br />
budget in the long term.<br />
Over your 20-year career you have worked in the private<br />
sector and held senior leadership positions as an Emirati in<br />
the health sector—why did you move back to government?<br />
Working in the government gives me the opportunity to invest<br />
my energy and efforts into having the maximum impact on<br />
IMAGE FROM SOURCE<br />
18 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
society and helping improve the health system. This for me<br />
is really important. I have been a physician and practiced<br />
medicine in the U.A.E., so I understand the challenges and<br />
opportunities in our health system, especially given the<br />
significant progress we’ve made over the over past few decades.<br />
This current role with DHA also enables me to bring onboard<br />
and create a platform for the public and private health sectors<br />
to work together and harness the best capabilities across both<br />
sectors. This will help us develop a more efficient, cohesive and<br />
collaborative health system for Dubai and its patient population.<br />
What are your key goals at DHA? How do you define and<br />
approach potential investors?<br />
We work with private sector providers and investors through<br />
structured workshops and engagement sessions, as well as direct<br />
meetings and dialogue to support specific mandates.<br />
The following are the objectives of the Dubai Investment<br />
Strategy 2017-20, which I lead, and I’m very focused on<br />
implementing these over the next few years:<br />
• Enhance the competitiveness of the health sector in Dubai<br />
through enabling legislation to support investments and<br />
policies to optimize capacity and publish health investment<br />
guidance for investors.<br />
• Increase awareness on the economic viability of Dubai’s<br />
health sector and attract FDI and local investments.<br />
• Channel investments to address current gaps and future<br />
opportunities within the health sector that align with the<br />
Dubai Health Strategy 2016-21 priorities, while producing<br />
optimal returns.<br />
• Develop the needed apparatus to provide a sustainable<br />
public-private investment model to enable and facilitate<br />
future investment activity within Dubai’s health sector.<br />
How much interest is there internationally for investing in<br />
Dubai’s healthcare sector?<br />
We are seeing a great amount of interest and willingness to<br />
participate in Dubai’s health sector. This is coming not just<br />
from healthcare providers, but also MedTech majors, private<br />
equity firms, health investment funds, medical equipment<br />
providers, construction and facilities management firms, as well<br />
as healthcare startups and innovative companies (mainly in<br />
telehealth and preventative care) in different parts of the world.<br />
Sometimes they aim to approach the market directly, and<br />
at times it is through partnerships with local JVs or investors<br />
in the U.A.E. We welcome all participation to the extent that it<br />
enables us to develop a sustainable health system which serves<br />
the interest of the patients and allows us to deliver high quality,<br />
efficient services to patients.<br />
IMAGE FROM SOURCE<br />
Right Price For<br />
The Blue Collar<br />
In January <strong>2018</strong>, investment group Foundation<br />
Holdings launched Right Health, the U.A.E.’s<br />
latest healthcare provider for low-income<br />
workers, having previously acquired and<br />
integrated 31 different medical providers across<br />
Dubai, Ajman, Sharjah, Abu Dhabi and Al Ain for<br />
an undisclosed sum.<br />
The new organization aims to provide<br />
affordable care to the large community<br />
of workers in the U.A.E. earning less than<br />
AED9,200 per month. According to Right Health’s<br />
Chief Impact Officer, Shainoor Khoja, an estimated<br />
54% of the U.A.E.’s total workforce currently falls<br />
into this segment, which by 2022 will represent five<br />
million people, with a market value of more than<br />
$1.2 billion.<br />
“This segment has historically lacked investment<br />
and has suffered from fragmentation,” Khoja says.<br />
“The implementation of mandatory insurance<br />
means that a large proportion of workers will<br />
now have the ability to access quality, affordable<br />
healthcare. The time for a large-scale provider is<br />
now here.”<br />
In the next five years, Right Health plans to invest<br />
over $136 million to expand its reach to 56 centers,<br />
serving over a million patients a year. Compared to<br />
some city hospitals in the U.A.E. where an average<br />
outpatient consultation can cost from AED400-500,<br />
at Right Health it costs from AED35-50.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 19
GUIDE <strong>2018</strong> HEALTHCARE INVESTMENT<br />
The Pros And Cons Of<br />
Privatising Gulf <strong>Healthcare</strong><br />
Private sector health provision is increasingly prevalent in the<br />
GCC, easing the cost burden on the state. But governments<br />
cannot rely on private companies to provide for all their<br />
healthcare needs.<br />
By Dominic Dudley<br />
The NMC Royal<br />
in Khalifa City,<br />
Abu Dhabi will be<br />
one of the largest<br />
hospitals in the<br />
region<br />
From the 1,171-bed Al-Jahra Hospital,<br />
which is close to completion in Kuwait<br />
City, to the planned 700-bed New Sultan<br />
Qaboos Hospital in Salalah, Oman at the<br />
opposite end of the GCC, huge sums are being<br />
poured into Gulf hospitals to improve service<br />
provision.<br />
<strong>Healthcare</strong> is often one of the biggest items<br />
in any Gulf government’s budget. Riyadh, for<br />
example, has earmarked $39.2 billion for health<br />
and social development this year, the third largest<br />
part of its budget after defence and education.<br />
In Saudi Arabia, as in the rest of the region,<br />
health spending has traditionally been dominated<br />
by the public sector, with governments<br />
accounting for 65-84% of expenditure in various<br />
countries, according to consultants EY. That<br />
is much higher than in some<br />
developed economies such as the<br />
U.S. where it is 47% or Singapore<br />
where it is 41%. However, the<br />
landscape is changing and GCC<br />
governments’ share of total<br />
healthcare spending is expected to<br />
fall in the coming years.<br />
Hospital projects are a<br />
major part of the region’s capital<br />
spending programme. There are<br />
682 active healthcare projects in<br />
the GCC, with a total value of<br />
$57 billion as of February <strong>2018</strong>,<br />
according to construction analysts<br />
BNC Network. That includes 433 active hospital<br />
projects worth a combined $48 billion. There<br />
has been a dip in activity over the past year but<br />
Avin Gidwani, chief executive of BNC Network,<br />
says this may be a blip rather than a longer-term<br />
trend.<br />
“In 2016 there were $65 billion worth of<br />
awards. In 2017 it was $35 billion, so there was<br />
a slowdown last year,” he says. “We expect that<br />
to continue for at least the first half of this year,<br />
maybe a bit longer, and then we’d expect to see<br />
a pick-up again. There are a large number of<br />
projects in the concept and design stages that<br />
have just been on hold.”<br />
If and when the market does accelerate, a<br />
growing proportion of the spending could come<br />
IMAGE COURTESY OF NMC ROYAL<br />
20 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
from the private sector rather than the public purse. There are a<br />
few good reasons for this. Populations are continuing to expand<br />
but oil revenues remain too low to balance governments’<br />
budgets, creating an incentive to cut costs where possible.<br />
Among the areas that could be targeted are domestic healthcare<br />
spending and the long-standing habit of sending patients<br />
abroad for specialist (and often expensive) treatment. In both<br />
cases, cuts will create room for the private sector to step in.<br />
Already, the rollout of mandatory private health insurance<br />
in some countries such as the U.A.E. is pushing some of the cost<br />
of healthcare away from the government and onto employers<br />
and consumers. Private firms are also building and operating<br />
more healthcare facilities, allowing states to reduce their capital<br />
budgets. Those involved include local players such as the<br />
U.A.E.’s NMC <strong>Healthcare</strong> and major international firms such as<br />
South Africa’s Mediclinic International and Austria’s Vamed.<br />
Private firms find the market an attractive prospect for<br />
several reasons, including growing demand for services that are<br />
often non-discretionary. While the region does have a young<br />
population, the average age of locals is steadily rising and some<br />
prevalent diseases linked to poor lifestyle—such as diabetes,<br />
hypertension and obesity—afflict young and old alike.<br />
“The surge in demand is mostly driven by the needs of<br />
GCC nationals who are rising in number, getting older and<br />
Hospital projects are a major part<br />
of the region’s capital spending<br />
programme. There are 682 active<br />
healthcare projects in the GCC,<br />
with a total value of $57 billion as<br />
of February <strong>2018</strong><br />
increasingly suffering from lifestyle conditions,” says Yaser<br />
Moustafa, senior managing director at NBK Capital Partners,<br />
which has invested in a general hospital in Kuwait among other<br />
things. “Add to that the desire by GCC governments to curtail<br />
spending on healthcare provision abroad and the rate of growth<br />
becomes much higher. When we look at supply we see there is<br />
still a gap relative to other geographies and, more importantly,<br />
quality is not being delivered at the right cost structure in an<br />
efficient manner.”<br />
As he suggests, a key motivation of governments is to find<br />
a way to provide more efficient, cost-effective services. One<br />
answer that many authorities have hit upon is to develop new<br />
hospitals and other facilities through public-private partnership<br />
(PPP) models. The rate of development differs from country to<br />
country though, with the U.A.E. leading the way, Kuwait the<br />
slowest-moving and the others at points in between.<br />
Alongside that, there has also been an attempt to use the<br />
healthcare sector as a way to diversify economies by developing<br />
the market for medical tourism, enticing patients in from abroad<br />
for treatment. “They’re trying to create a niche for medical<br />
tourism and to some degree that’s what driving some of the<br />
glitzier investments with the five-star hospitals,” says Gidwani.<br />
Overall, the changes underway are starting to amount to a<br />
fundamental shift in the role governments play in healthcare,<br />
moving from being both a provider and regulator of services<br />
to a situation where they focus on the latter. The U.A.E. is in<br />
the leading position in this regard, but it is happening to some<br />
extent in most countries.<br />
“Traditionally the public sector in the GCC has operated as<br />
well as regulated healthcare services,” says Ahmed Faiyaz, an<br />
adviser on health investments at the Dubai Health Authority.<br />
“However, in recent years with reforms and initiatives taken in<br />
the U.A.E.—which leads the way—efforts are being made for<br />
the public sector to be the regulator, oversee the performance<br />
of health facilities and services and increasingly let the private<br />
sector provide healthcare services.”<br />
Not everyone is necessarily well served by the changes.<br />
While nationals and better-paid expatriate workers continue to<br />
have access to good services, those at the lower end of the pay<br />
scale can fare less well, particularly if their employer only pays<br />
for a basic level of insurance cover.<br />
There are other potential gaps in private<br />
sector provision too. Not all types of healthcare<br />
are profitable and some areas will inevitably be of<br />
less interest to profit-maximising companies. The<br />
reality is that private investment tends to be focused<br />
on areas where there is both strong demand and<br />
where patients’ bills can be readily settled, either by<br />
insurance companies or governments. The state will<br />
have to continue being the main provider in other<br />
areas.<br />
“There has been a shift from general hospitals<br />
to models based more on service-focused centres<br />
of excellence, where you’ll have an orthopaedic<br />
hospital or a maternity hospital. When that happens,<br />
governments will still need to step in to ensure that<br />
healthcare services are still offered across the portfolio, across<br />
therapeutic areas,” says Hanu Tyagi, research analyst at the Max<br />
Institute of <strong>Healthcare</strong> Management at the Indian School of<br />
Business and a former healthcare consultant in the GCC.<br />
Despite the enthusiasm governments increasingly have for<br />
private sector involvement in their healthcare systems, it seems<br />
likely that the state will have to continue picking up some large<br />
hospital bills in the future. But the trend towards privatisation<br />
seems likely to continue and indeed could yet accelerate in some<br />
markets such as Saudi Arabia, where inward investment agency<br />
Sagia says spending is likely to total $180 billion over the next<br />
five years.<br />
“Future investments in the sector will be heavily dependent<br />
on the direction and pace of privatisation within the GCC, and<br />
especially in Saudi Arabia,” says Dr Sven-Olaf Vathje, a partner<br />
at consultancy firm Oliver Wyman. “The next 12 months will be<br />
telling as these plans should become more crystallized.”<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 21
GUIDE <strong>2018</strong> HEALTHCARE INVESTMENT<br />
Predictions For<br />
<strong>Healthcare</strong> Delivery In <strong>2018</strong><br />
By Vivek Shukla, Director of <strong>Healthcare</strong> & Life Sciences at Frost & Sullivan<br />
Each year brings with it fresh beginnings. We look at the<br />
incoming 12-months with optimism and hope. We did<br />
that in 2017 and the healthcare delivery space evolved<br />
with many firsts for the GCC. This year too, we expect<br />
exciting developments at both the macro and industry levels,<br />
with many factors impacting trends. The overall healthcare<br />
delivery eco system will evolve briskly in each of the GCC<br />
countries.<br />
Impact of Oil Prices<br />
Interestingly, we have seen that the overall healthcare industry<br />
is agnostic to the changes in oil prices. Over the years,<br />
healthcare expenditure has increased steadily irrespective of<br />
oil price changes. Despite the sharp dip in oil prices in 2015,<br />
healthcare expenses in 2016 and 2017 kept increasing and are<br />
set to do so again in <strong>2018</strong>, although household consumption<br />
has decreased by 3%.<br />
Demographic Changes<br />
The composition of the population is undergoing a subtle<br />
but decisive change. Various demographic studies highlight<br />
the increasing number of people in older age groups causing<br />
healthcare needs to undergo a shift. Increased burden of<br />
chronic ailments and age-related medical conditions will call<br />
for more aggressive measures by providers and governments<br />
this year. The advent of exclusive Lifestyle Disease Clinics in<br />
the region is a real possibility. If providers get the model right<br />
and involve the payers too, this will have a positive impact and<br />
also be a viable proposition.<br />
Costs<br />
Companies have been under pressure to optimize cost drivers<br />
over the last couple of years. This pressure may threaten to<br />
slow the roll out of compulsory insurance in some GCC<br />
countries. However, as there may be another, slightly more<br />
powerful force in the direction of making healthcare affordable<br />
to everyone, mandatory insurance will need to be eventually<br />
rolled out.<br />
Organizations in the regions where insurance is already<br />
mandatory will start looking to reduce healthcare costs. Some<br />
IMAGE COURTESY OF THUMBAY HOSPITAL<br />
PHOTOGRAPH: FORBES MIDDLE EAST / RAJA<br />
22 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
may opt for more cost-effective policies, some will introduce<br />
wellness and preventive programmes and some will do both. We<br />
have already witnessed a few insurance companies and TPAs<br />
introducing their own version of wellness programmes for their<br />
clients in the U.A.E.<br />
Public Private Partnerships<br />
As governments look to optimize healthcare costs, increased<br />
opportunities for private healthcare providers to participate<br />
alongside governments in <strong>2018</strong> will arise. KSA has embedded<br />
PPP as a vital part of its National Transformation Plan. The<br />
Government of Dubai proposed a new PPP law in 2016, which<br />
can take further shape this year. The Government of Oman is<br />
planning to develop one of its key projects—the development<br />
of Sultan Qaboos Medical City—on the PPP model due to<br />
several delays. Overall, there will be avenues for providers,<br />
technology companies and payers to collaborate innovatively<br />
with governments in <strong>2018</strong> to share healthcare costs.<br />
Insurance Penetration<br />
Market pressures will eventually facilitate the roll out<br />
of compulsory insurance schemes in various countries.<br />
Nations where it has already been rolled out will see further<br />
consolidation in terms of people selecting the policies more<br />
carefully based on cost and coverage tradeoffs. All of this will<br />
culminate in an overall surge in demand for healthcare services.<br />
This means the card holder will look for higher-end services like<br />
cardiac procedures, oncology treatment and other modalities<br />
within the network of this card coverage.<br />
Among providers that sense the opportunity, there will<br />
be some early movers into tertiary level care. We have started<br />
seeing hospitals announcing cadaver organ harvesting and<br />
transplant programmes. The region has also already witnessed<br />
its initial share of robotic surgeries in almost all GCC countries.<br />
This phenomenon will lead to a skilled manpower<br />
requirement for additional procedures. The region will see an<br />
inflow of more consultant-level doctors. There is also a strong<br />
likelihood for ingenious up-skilling centres for the existing pool<br />
of doctors, technicians and paramedics.<br />
From a healthcare provider point of view, cost structures<br />
will be under incessant pressure owing to the evolution of<br />
the payer eco system and the propensity crunch to consume<br />
services at a higher price. Pressure on cost optimization will<br />
be much higher this year than ever. Physician engagement<br />
models will be re-engineered, equipment purchase decisions<br />
may be converted into fee-for-service or lease models, vendor<br />
contracts will be re-negotiated and manpower allocation will<br />
be reconsidered. <strong>Healthcare</strong> providers, both in the government<br />
and private sectors, will continue to innovate in order to<br />
optimize costs.<br />
Medical Tourism<br />
Higher levels of service create a demand in markets beyond the<br />
countries where they are provided. The trend of international<br />
travelers seeking treatment in the GCC will grow further in<br />
<strong>2018</strong>. Inter and Intra GCC medical travel will also see higher<br />
numbers this year. Visa rules in the U.A.E. and other GCC<br />
countries will play an important role in setting the pace for this.<br />
On the other hand, treatment seekers from the GCC are more<br />
likely to stay back and be treated here instead of flying off to the<br />
U.S., Europe or their home countries. The availability of a higher<br />
level of care and health insurance will facilitate this.<br />
M&A<br />
<strong>2018</strong> will see heightened activity in mergers and acquisitions<br />
in select GCC markets, especially the U.A.E. These markets<br />
have intensive competition and are ready for consolidation. The<br />
overall pressure on the margins will provoke smaller players<br />
to look for exit options. Markets that are still evolving will<br />
see a growth spurt, with larger players investing in inorganic<br />
expansion. Larger players from countries like KSA and the<br />
U.A.E. will branch out into countries like Oman, Bahrain,<br />
etc. With the recent changes in KSA, we are likely to see more<br />
investment into and from the Kingdom in the GCC.<br />
New Delivery Models<br />
As the market system continues to evolve, we will witness<br />
new healthcare delivery models in the region. Providers will<br />
innovate in an attempt to create a niche for themselves. We<br />
foresee more activity in niche domains like home care and<br />
remote monitoring. Home care is likely to develop beyond<br />
just nursing at home in KSA, Kuwait and the U.A.E. Providers<br />
will venture out to set up single-speciality hospitals, with<br />
the intention of achieving better efficiencies and stronger<br />
differentiation. The same logic will also extend to setting up<br />
more daycare surgical units.<br />
AI and Technology<br />
Artificial Intelligence will permeate further and at a faster rate<br />
than the preceding year. There will be significant improvement<br />
in the system of working through huge amounts of data<br />
and algorithms to arrive at a pattern to predict outcomes.<br />
Governments will back the initiatives in order to reduce the<br />
disease burden and overall costs.<br />
Leading healthcare providers in the region have already<br />
announced plans to augment the use of AI in <strong>2018</strong>, with an<br />
intention to predict diagnosis, and reduce errors and readmission<br />
rates. In October 2017, the U.A.E. government<br />
launched the UAE Strategy for Artificial Intelligence. The<br />
strategy is the first-of-its-kind in the region and the world, and<br />
it aims to make the U.A.E. the first in the field of AI investments<br />
in various sectors, with healthcare being one key segment.<br />
Robotic surgery is another technological advancement that<br />
is likely to deepen its presence in the region. Some hospitals<br />
have already embarked upon the journey of introducing this<br />
modality in their service lines and the trend will continue.<br />
Government providers in KSA, Oman and the U.A.E. are<br />
leading the way. Various versions of robots, from teleoperated<br />
surgical robots to the ones used for dispensing medicines, will<br />
become more visible to patients in <strong>2018</strong>.<br />
<strong>Healthcare</strong> providers are going to engage in innovative<br />
collaboration with technology companies as we see a surge<br />
in demand for more equipment to meet demand in areas like<br />
oncology and cardiac ailments and diagnosis.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 23
GUIDE <strong>2018</strong> HEALTHCARE THOUGHT LEADER<br />
Hooking Top Talent With <strong>Healthcare</strong><br />
Today’s employment market is more<br />
competitive than ever before. And with<br />
healthcare demands and costs rising each<br />
year, an attractive health and benefits package is<br />
vital for securing and retaining the best talent.<br />
However, only around half of employees believe<br />
their company benefits package meets their needs.<br />
So where are companies falling short?<br />
The current state of health and benefits packages<br />
A third of U.A.E. employers have no formal<br />
strategy when it comes to workforce health and<br />
benefits packages. They are lagging behind in two<br />
key global trends: one is cost-sharing, whereby<br />
employees contribute to their health insurance<br />
costs; the other is preventive care packages,<br />
designed to educate employees in taking better<br />
care of their own health and thus reducing the<br />
need for medical intervention.<br />
Only a small proportion of companies in<br />
the Middle East are implementing cost-sharing,<br />
compared to 82% in the Americas, who cost-share<br />
via annual deductibles. And while nearly half of<br />
European employers offer wellbeing packages—as<br />
do the majority of employers in the Americas—<br />
lifestyle risk management and activity-based<br />
wellbeing programmes are offered by just 15% and<br />
25% of U.A.E. employers respectively.<br />
Moreover, despite the latest figures from the<br />
World Health Organization (WHO) showing<br />
that the burden of depression and other mental<br />
health problems is on the rise globally, only 36%<br />
of U.A.E. employers offer behavioural/emotional<br />
health management as part of their benefits plans,<br />
compared with 61% globally.<br />
The challenges faced by employers<br />
So why is there a poor correlation between the<br />
health benefits employees in the Middle East<br />
want and those they receive? There are three main<br />
reasons:<br />
1. Costs of health and benefits: The rising cost<br />
of healthcare remains a big challenge for<br />
employers. While this affects companies all<br />
over the world, the cost of medical care in<br />
the Gulf—in particular Saudi Arabia and the<br />
U.A.E.—continues to rise above inflation.<br />
2. Poor employee health: The demand for<br />
expensive healthcare is increasing due to a rise<br />
in the incidences of chronic diseases associated<br />
with lifestyle. It’s a worldwide problem, but<br />
it’s particularly marked in the U.A.E., where<br />
40% of the population has pre-diabetes or<br />
diabetes. Such lifestyle-related conditions not<br />
only create additional healthcare demands for<br />
employers, they also present a new obstacle for<br />
companies to negotiate: how to offer preventive<br />
care packages, such as weight-management<br />
programmes, without causing offence.<br />
3. High employee expectations: Gone are the<br />
days when employees expected basic medical<br />
and dental care and nothing more. Now they<br />
are aware of the importance of wellbeing and<br />
preventive medicine provisions, such as gym<br />
memberships and stress management support,<br />
and employers are lagging behind in adding<br />
these provisions to their strategy.<br />
Where should U.A.E. employers focus their<br />
efforts?<br />
A simple restructure of a company’s employee<br />
benefits strategy can create a key advantage for<br />
talent acquisition. Our survey found that the<br />
majority of employers in the U.A.E. recognise<br />
this and are keen to differentiate their health and<br />
benefits offerings within the next three years.<br />
Improving transparency of total benefit costs—for<br />
employer and employee—and better managing<br />
these costs are also key three-year goals for more<br />
than 70% of U.A.E. employers.<br />
Here are five ways in which employers can<br />
redesign their health and benefits programmes to<br />
meet these goals.<br />
1. Consider cost-sharing: Given the rising costs<br />
of healthcare in the Gulf especially, the wider<br />
implementation of cost-sharing strategies<br />
STEVE CLEMENTS, DIRECTOR GLOBAL SERVICES AND SOLUTIONS FOR CEEMEA AT WILLIS TOWERS WATSON<br />
24 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
BY MATEJ KASTELIC / SHUTTERSTOCK.COM<br />
could be extremely relevant<br />
here. Co-insurance and annual<br />
deductibles have been widely<br />
adopted in the Americas and<br />
Europe in order to ease this<br />
financial pressure, with some<br />
success.<br />
2. Introduce preventive health<br />
programmes: Prevention<br />
is better than cure and<br />
encouraging employees to lead<br />
a healthier lifestyle will result in<br />
a more productive workforce,<br />
reducing not just absenteeism<br />
but also presenteeism (when<br />
staff show up for work but<br />
perform below par). A good way<br />
to start is by providing health<br />
risk assessments and biometric<br />
screenings, such as blood<br />
pressure, glucose and cholesterol<br />
testing, followed by targeted<br />
lifestyle advice. In the U.S., many<br />
companies have found that<br />
initiatives such as discounted<br />
gym membership, stop-smoking<br />
programmes, stress management<br />
advice, healthy canteen food and<br />
educational talks on nutrition<br />
have helped to reduce long-term<br />
health costs.<br />
3. Improve employee<br />
engagement: At present, only<br />
68% of employees say they have<br />
a very good understanding<br />
of their benefits package.<br />
Employers can encourage greater engagement by involving<br />
staff in redesigning the health and benefits programme. Ask<br />
them what they are currently unclear about, why this is the<br />
case and how this information can be better communicated.<br />
From this you can create a better communication strategy,<br />
and letting your employees know how their feedback has<br />
been implemented will further improve engagement.<br />
4. Improve transparency: Employers who offer a great health<br />
and benefits package could do more to let existing and<br />
potential employees know about it. Simply referring them<br />
to one resource where health and benefits information is<br />
available is not sufficient; companies should shout about<br />
their benefits on digital platforms used by employees and<br />
potential employees, from blogs to apps and social media,<br />
as well as flagging them up within the workplace so existing<br />
employees remain aware of the great benefits on offer.<br />
5. Increase flexibility of plans: No two employees are alike<br />
and companies wishing to attract top talent with their<br />
benefits package must recognise this. Exchange one-sizefits-all<br />
packages for flexible ‘pick and mix’ plans. An effective<br />
way of achieving this is by using a benefits marketplace<br />
approach, which allows employees to select the package that<br />
best meets their needs via an online marketplace. Employees<br />
are left more satisfied and engaged with their packages when<br />
a marketplace approach is used.<br />
Getting smart about health and benefits in <strong>2018</strong><br />
As health costs continue to rise alongside employee<br />
expectations, companies hoping to thrive in <strong>2018</strong> must look<br />
closely at their health and benefits offering and assess if it<br />
truly delivers enough to attract and keep a high-performing<br />
workforce. Movement beyond basic healthcare provision will<br />
become evident in <strong>2018</strong>, with many companies responding<br />
to employees’ desire to have more diverse wellbeing offerings<br />
available to them. A key part of this will be implemented via<br />
marketplaces that offer employees more choice and autonomy.<br />
Finally, companies will become more vocal about the<br />
health benefits they offer, ensuring that existing and potential<br />
employees fully appreciate the true value of everything that their<br />
employer has to offer them. The stage is set for <strong>2018</strong> and there<br />
are exciting changes in store. Is your company ready to embrace<br />
these changes and grab the opportunities they will bring?<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 25
GUIDE <strong>2018</strong> HEALTHCARE PHARMA<br />
Changing The Growth<br />
Paradigm In Pharmaceuticals<br />
When it comes to attracting investment from large pharmaceutical<br />
companies, the big opportunity for Middle Eastern governments may not be<br />
in manufacturing but in clinical research infrastructure.<br />
By Dhiraj Joshi, Partner for <strong>Healthcare</strong> Strategy & Deals at PwC<br />
Every year pharmaceutical companies<br />
invest large sums of money into<br />
research within countries across<br />
the world that can further their<br />
understanding of the efficacy of their drugs on a<br />
specific demographic or patient cohort.<br />
It is estimated that in 2016 KSA invested<br />
a total of approximately $20 million in<br />
pharmaceutical clinical trials and research (or<br />
0.25% of the total market). In the U.A.E. no<br />
number is yet available. However, in the U.S. the<br />
number tops $11 billion annually (or 2.5% of the<br />
total market). And in Singapore, the government<br />
has set aside a grant of $27 million just to<br />
“groom” clinical research coordinators.<br />
Unofficial estimates suggest that<br />
Singapore attracts upwards of $400 million in<br />
biopharmaceutical research annually, a large<br />
part of which is targeted on clinical research.<br />
Ireland has also focused on bringing in research<br />
BY GORODENKOFF / SHUTTERSTOCK.COM<br />
26 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
IMAGE FROM SOURCE<br />
money and is fast becoming the go-to<br />
country for multinationals to invest when<br />
it comes to research.<br />
Why are we discussing these data<br />
points? Because by continuing to focus on<br />
attracting investments in manufacturing<br />
alone, governments in the Middle<br />
East may be missing out on a bigger<br />
opportunity to attract investment into the<br />
region—one that is not only significant,<br />
but is recurring, and can have a strong<br />
knock-on effect to the healthcare sector<br />
and on economies at large.<br />
Clinical Research Vs<br />
Manufacturing<br />
Once a clinical trial is instituted, it may<br />
run over several years or get split into<br />
smaller trials, extended into multiple<br />
studies and spread over multiple sites. The<br />
key is to develop enabling infrastructure,<br />
and ease patient recruitment. Once this<br />
base is built, instituting and running<br />
trials becomes easier for companies.<br />
Pharmaceutical companies like to run<br />
trials in multiple sites and they don’t like<br />
to switch quickly, which for the country<br />
means that money keeps coming in.<br />
Given their annuity-based nature, these<br />
investments easily dwarf investments in<br />
manufacturing.<br />
An investment in manufacturing<br />
(in plant and machinery), depending<br />
on the scale and complexity, could be<br />
worth upwards of $50-70 million to start<br />
with, but then whittles down to a much<br />
smaller scale on an annual basis (primarily<br />
for operational expenditure and other<br />
recurring expenses). An investment in<br />
plants can be much larger, but some<br />
regional dynamics make it difficult for this<br />
to happen.<br />
Large pharmaceutical companies<br />
currently appear to be aggregating their<br />
manufacturing efforts across the world<br />
and therefore resisting manufacturing<br />
investments in multiple sites. This could<br />
be because they want to have a sharper<br />
focus on a few molecules or place a<br />
greater emphasis on biotech products<br />
that require heavy investments and ease<br />
the supply chain. The decision becomes<br />
difficult for them to justify another<br />
manufacturing site, leading to tepid<br />
investments. This neither moves the<br />
needle for them, nor for the country.<br />
Clinical research on the other hand<br />
is a viable and flexible conduit for<br />
investment in a country (provided some<br />
critical imperatives are met). It allows<br />
a pharmaceutical company to impact<br />
research initiatives and gather regional and<br />
specific data. This channel of investment<br />
represents an easier method for them that<br />
is usually not insignificant.<br />
Economic Impact<br />
Perhaps the most important argument<br />
of all, is the empirical evidence from the<br />
U.S. and other developed countries, which<br />
suggests that such investments catalyze<br />
growth in many other sectors and have a<br />
strong knock-on effect on the economy.<br />
Every dollar spent on clinical research<br />
results in another $1.7 in direct impact,<br />
and $4.5 in indirect impact. It could be<br />
argued that the total impact is almost six to<br />
seven times on the overall economy, with<br />
major gains coming through in healthcare<br />
provision. There is an additional uplift<br />
when sites are selected to conduct clinical<br />
trials and research in the hospitals, as this<br />
has an impact on manpower requirement<br />
and job generation. Systems and physical<br />
infrastructure are also upscaled, which<br />
leads to greater benefits in the end for<br />
patients.<br />
A recent PwC study that gathered<br />
insight from the leaders of major researchdriven<br />
pharmaceutical companies showed<br />
that most are amenable to exploring these<br />
possibilities with governments. This could<br />
be beneficial for all stakeholders, and most<br />
importantly for the patients, who may get<br />
access to later-day clinical protocols and<br />
medicines. Governments also stand to<br />
win in the longer-term, as investments in<br />
the sector become less hyphenated, more<br />
regular and hopefully more substantial.<br />
The region has the right mix of<br />
drivers for getting greater clinical research<br />
investments: a significant urban population<br />
that is concentrated; a diverse race mix and<br />
disease profile; and the base infrastructure.<br />
It may need an uphaul, but it could present<br />
significant opportunities for governments<br />
across the region to leap-frog the chain of<br />
evolution in pharmaceuticals and ride the<br />
innovation wave, by focusing on areas that<br />
converge with the priorities of the sector<br />
and its main constituents. Hopefully, a<br />
win-win for all.<br />
INNOVATORS<br />
Vazeeta<br />
Digital healthcare booking<br />
platform for patients and<br />
doctors<br />
Founder: Amir Barsoum<br />
Funding: $11M<br />
Country: Egypt<br />
Founded: 2012<br />
Investors: Technology and<br />
Development Fund, Silicon<br />
Badia, Beco Capital, Vostok<br />
New Ventures, Endeavor<br />
Catalyst<br />
Vezeeta helps patients find<br />
a good doctor through<br />
a website and mobile<br />
app. Patients can choose<br />
a doctor by specialty,<br />
geographic area, insurance<br />
purveyor and fees, as well<br />
as check more than 30,000<br />
reviews and ratings. Vezeeta<br />
currently operates in Egypt,<br />
Jordan, Lebanon and Dubai.<br />
Personal Note<br />
Before starting Vezeeta,<br />
Amir Barsoum led the<br />
strategy for MENA<br />
markets at AstraZeneca<br />
pharmaceuticals.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 27
FORBES MIDDLE EAST // ASTER DM HEALTHCARE<br />
A Lifetime Of Care<br />
It’s been three decades since Dr. Azad Moopen, Founder Chairman and Managing<br />
Director of Aster DM <strong>Healthcare</strong> first arrived in Dubai. In that time he's built an<br />
empire dedicated to accessible patient care.<br />
You relocated to Dubai nearly 30<br />
years ago—what brought you here<br />
then? What was your situation when<br />
you arrived? Did you ever dream it<br />
would get this big?<br />
A job opportunity in Ajman brought<br />
me to the U.A.E. in 1987. Back then,<br />
I had no intention to remain in the<br />
region for a prolonged period of time.<br />
I was a medical teacher in India and<br />
wanted to advance my career.<br />
When I arrived in the late 1980s, the<br />
healthcare infrastructure in the region<br />
was far less developed than it is today.<br />
While there were government hospitals<br />
that provided some care, people were<br />
finding it difficult to get primary and<br />
secondary care. The availability of<br />
tertiary care was very limited. Taking<br />
note of the local need for personalized<br />
medical care, I set up The Al Rafa<br />
Polyclinic in Bur Dubai, known today as<br />
Aster Jubilee Medical Complex. From<br />
that point forward, the demand for<br />
quality healthcare only began to climb<br />
as the U.A.E.’s economy developed and<br />
the population increased exponentially.<br />
Certainly, I never expected the<br />
single clinic to become the success<br />
that it is today. The organization has<br />
evolved into a healthcare conglomerate<br />
that has secured its presence in nine<br />
countries across the Middle East, India<br />
and the Philippines.<br />
What are the three things that you<br />
think have been key to your success?<br />
Firstly, it was our ability to find opportunities that were required<br />
by patients, such as expanding our portfolio of healthcare<br />
services to various different locations. Secondly, we believe in<br />
providing quality healthcare at an affordable cost. Finally, our<br />
very dedicated team of employees who work hard to ensure that<br />
this dream becomes a reality is one of the most fundamental<br />
keys to our success.<br />
Dr. Azad Moopen,<br />
Founder Chairman and<br />
Managing Director of<br />
Aster DM <strong>Healthcare</strong><br />
These days do you still see yourself as a doctor, or has<br />
business taken over? At what point did you choose to stop<br />
practicing as a doctor and why?<br />
I have always viewed myself as a doctor first. My role in this<br />
organization has certainly evolved to incorporate the business<br />
perspective over the course of the last few decades, but the<br />
driving force behind my efforts has always remained the same.<br />
28 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
120 bedded Medcare Multi-specialty Hospital in Sharjah<br />
Ensuring individuals receive quality healthcare is at the heart<br />
of what we do at Aster DM <strong>Healthcare</strong>, and I believe that this<br />
is true of every member of the organization regardless of their<br />
official designation.<br />
I used to see 100 patients a day myself from 1987 to 1997<br />
and gradually I reduced it. I had to stop practicing as we<br />
spread over geographies and I had to travel a lot, which was<br />
compromising patient care.<br />
What do you think are the main challenges currently facing<br />
healthcare professionals and the sector more widely?<br />
In the GCC, we encounter a notable degree of dependence<br />
on expats to occupy the roles of healthcare professionals. As<br />
such, shortages exist across different areas of the industry.<br />
This poses both a challenge and an opportunity to invest in<br />
the GCC for medical education. We must focus on bringing<br />
advanced medical care of tertiary and quaternary level to<br />
GCC. The governments of GCC must also look at possibility<br />
of common licensing of professionals for all countries.<br />
How much did your recent IPO issuance raise? Where do<br />
you plan to invest this money?<br />
The IPO raised around $151 million, which will be used<br />
for the retirement of debt in India, equipment for our new<br />
hospitals coming up in India, and general corporate purposes.<br />
In addition, we have five hospitals in different stages of<br />
completion and planning in GCC countries.<br />
You’ve said you will focus more on India going forward—<br />
why is this? Is there more money to be made there than in<br />
the Middle East?<br />
In 2017, the GCC contributed 84% of our annual revenue and<br />
this region will continue to be a strong focus for us. However,<br />
looking at long-term prospects, India is a good market with<br />
a population of 1.26 billion people. We hope to have 25-30%<br />
of business in India. Our strategy has always been driven by a<br />
focus on fulfilling the need gaps in healthcare in the markets<br />
and we are committed to bringing quality affordable healthcare<br />
to people who need it most.<br />
You celebrated a year of giving back in 2017. What<br />
were the initiatives that you implemented and what<br />
difference did they make?<br />
2017 was also our 30th Anniversary year and in line with<br />
the year of giving, we launched Aster Volunteers, which<br />
is a multi-layered program that helps to bridge the gap<br />
between people who would like to help and people in need.<br />
Running successfully across nine countries, the<br />
program has touched the lives of 566,330 people through<br />
various initiatives. These included free surgeries and<br />
investigation for over 14,534 patients in the GCC and<br />
India. Basic Life Support training was provided to more<br />
than 119,020 people in the GCC and India, equipping<br />
them with first responder techniques that are useful in<br />
case of emergencies such as heart attacks and choking.<br />
We also recruited 63 differently-abled employees into<br />
our workforce.<br />
Working with local government bodies and nonprofit<br />
organisations, we are currently leading a donation<br />
drive, targeting the collection of 30,000 units of blood.<br />
Last year, the Aster Volunteers Programme reached out<br />
to disaster-affected communities, providing food supplies<br />
to refugees in Somalia and the Rohingya Refugee camp<br />
in Bangladesh. And we provided free healthcare services<br />
to Syrian refugees in Zaatari, Azraq and Erbid in Jordan.<br />
Free medical screenings were performed on 46,000 people<br />
in the U.A.E. alone through our air mobile clinic.<br />
What keeps you going? What are you most proud of?<br />
I get a feeling of accomplishment when dreams are<br />
realized. The late Dr APJ Abdul Kalam once said dreams<br />
are not what you see during sleep, but the ones that keep<br />
you awake. While our success is certainly reflected in<br />
our vast network, the true measure of our success and<br />
our greatest pride lies in knowing that we have not lost<br />
sight of our mission along the way. We have always been<br />
driven by a desire to make healthcare accessible to all and<br />
affordable—profit must be a by-product and not the aim in<br />
the “business” of healthcare. This is what keeps us going.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 29
GUIDE <strong>2018</strong> HEALTHCARE PHARMA<br />
Tighter Compliance For<br />
Medical Manufacturers<br />
The power held by pharmaceutical and medical device companies is everincreasing<br />
as they deliver the products to save and prolong people’s lives. In<br />
the last five years global regulations have tightened to make sure that these<br />
companies are operating transparently for those that rely on them most—<br />
patients. The Middle East is now following suit.<br />
By Claudine Coletti<br />
The business behind the<br />
promotion of pharmaceuticals<br />
and medical technology is<br />
as highly-scrutinized as it<br />
is impactful, and as such subject to<br />
increasingly tighter rules and regulation<br />
across the world to ensure that the<br />
sway companies have over medical<br />
professionals is kept unbiased and<br />
transparent.<br />
Financial relationships between<br />
healthcare professionals and product<br />
(such as drug or MedTech) manufacturers<br />
have always been commonplace. For<br />
example, doctors and physicians often<br />
travel internationally for medical<br />
conferences and congresses to learn about<br />
the latest innovations and how to use<br />
them, or indeed speak at industry events.<br />
In the past it was possible for medical<br />
product manufacturing companies to<br />
sponsor individuals and organizations and pay towards such<br />
trips without complete disclosure. Payments and sponsorship<br />
could include funding education or paying for professional<br />
services—it could also include covering travel costs and expenses<br />
and paying for meals in the workplace. A lack of complete<br />
transparency led to the question of potential conflicts of interest,<br />
and whether these relationships may have a direct or indirect<br />
influence over how professionals promote or use their products.<br />
That is now changing. Since 2013, medical product<br />
manufacturers in the U.S. have been required to disclose all<br />
payments or other “transfers of value” made to healthcare<br />
professionals and organizations under the Physician Payments<br />
Sunshine Act, as well requiring some manufacturers and<br />
group purchasing organizations to disclose any ownerships<br />
or investment interests that physicians may have in their<br />
companies. Europe soon followed suit in 2016, with the<br />
European Federation of Pharmaceutical Industries and<br />
Associations Disclosure Code requiring its members to<br />
document and disclose transfers of value. The data collected<br />
is published and made publicly available. Although in Europe<br />
healthcare professionals are required to give their permission<br />
to publish payment information, where consent is not given<br />
details are published in aggregate, with companies disclosing<br />
the number of professionals that withheld consent and the total<br />
amount paid to them.<br />
The Middle East has paid attention to the global trend and is<br />
considering how to improve standards within its own booming<br />
healthcare sector. “The GCC pharmaceutical sector is growing.<br />
Saudi Arabia and the U.A.E. continue to be the largest markets<br />
for sales,” says Enrique Manzoni, Regional Managing Director<br />
for the Middle East, Turkey and Africa at Boehringer Ingelheim<br />
GmbH. “The U.A.E. market alone will surge to over $28 billion<br />
30 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
BY CERGIOS / SHUTTERSTOCK.COM<br />
in 2021. There is considerable focus in<br />
the region on corporate responsibility<br />
that goes beyond financial gains, one that<br />
works towards collectively raising the bar<br />
in terms of infrastructure, medication<br />
availability and skills development.”<br />
Now the region is creating its own<br />
transparency laws, with new legislation<br />
for pharmaceutical companies released<br />
by KSA’s Saudi Food and Drug Authority<br />
(SFDA) in February <strong>2018</strong>—the<br />
Pharmaceutical Company Payments<br />
Disclosure Initiative—promoting<br />
disclosure in line with international<br />
standards. Other MENA countries,<br />
including the U.A.E., are believed to be<br />
exploring similar routes.<br />
Under the SFDA’s new initiative,<br />
medical companies must report all<br />
financial support including (but not<br />
limited to) consulting fees, speaking<br />
fees, training fees, the sponsorship<br />
of healthcare professionals to attend<br />
an educational event, research or<br />
educational grants, symposium or<br />
conference sponsorships, hospitality,<br />
gifts or entertainment and the supply<br />
of scientific materials such as books or<br />
instruments.<br />
Some companies in the region are<br />
well prepared for the change. MENA’s<br />
trade association for medical technology<br />
and pharmaceutical companies,<br />
Mecomed, came into being back in<br />
2007 made up of just four companies—<br />
today it covers 21 countries and around<br />
600 million people through its 36<br />
members. In October 2017, Mecomed<br />
released a new updated code of ethics<br />
for its members in line with European<br />
guidelines. Coming into effect on January<br />
1, <strong>2018</strong>, the guidelines are designed to<br />
strengthen trust in the industry and<br />
reduce the number of patients that<br />
choose to travel abroad for treatment.<br />
“We are in a much better position<br />
than others because we have our code<br />
and we have already started,” says<br />
Mecomed chairman, Rami Rajab. “A<br />
company cannot go to a doctor and tell<br />
the doctor or lab technician or HCPs<br />
(healthcare professionals), we are inviting<br />
you for a conference and covering all<br />
your expenses. In future such invitations<br />
should go through the authorities or<br />
made through the organizers of the<br />
meeting, but you cannot have a direct<br />
invitation to the doctor that could lead to<br />
an influence on behavior.”<br />
While the positive effects of such<br />
regulation are beneficial for both the<br />
transparency of the industry, and<br />
ultimately the care of the patients, there<br />
may be a transition as companies find<br />
new ways to share best practice and new<br />
products with professionals that are cost<br />
effective and within the boundaries of the<br />
new guidelines. Rajab believes many are<br />
already on the case.<br />
“Most companies have developed<br />
regional education programmes<br />
where they will train doctors on the<br />
newest technology and innovation<br />
as companies, not going through<br />
conferences,” Rajab explains. “We are<br />
keen on education, and the transfer of<br />
technology to healthcare professionals,<br />
and we are doing it in a different way<br />
rather than direct sponsorship. If you<br />
send one doctor or one healthcare<br />
professional to the U.S. or to Europe to<br />
get training on a certain technology you<br />
can send one or two. However, if you can<br />
organize regional training in situ then<br />
you can bring 20 doctors.”<br />
Digital tools are also helping<br />
companies to link up with and teach<br />
professionals about new products<br />
without the need for travel. “Technology<br />
is a key enabler, creating a network of<br />
professionals who are able to connect<br />
more easily,” agrees Manzoni. “We<br />
organize conferences across the region,<br />
and throughout the world, with the<br />
aim of educating healthcare providers<br />
and through them patients to explore<br />
the various treatment options to best<br />
match patient needs. These events<br />
are maximized through live links and<br />
digital platforms, where we are able to<br />
reach even more physicians in different<br />
countries, which is both time and cost<br />
effective.”<br />
While manufacturers explore new<br />
methods of sharing knowledge and figure<br />
out how that may change their working<br />
relationships, with tighter rules and<br />
requirements demanding transparency<br />
in the industry patients should feel more<br />
secure that going forward their best<br />
interests are being put first. As medical<br />
companies prepare to disclose to Saudi<br />
for the first time, the rest of MENA is<br />
unlikely to be far behind.<br />
Wellbeing Worries<br />
For Expats<br />
Expats in the Middle East are<br />
generally satisfied with their<br />
lives in the region but consider<br />
themselves at a disadvantage<br />
when it comes to their health<br />
and wellness. This finding was<br />
one of the outcomes of global<br />
health insurer Cigna’s latest 360<br />
Wellbeing Survey, which annually<br />
examines health concerns among<br />
globally mobile individuals (GMIs)<br />
across the world.<br />
According to the survey findings,<br />
while GMIs in the Middle East rank<br />
their satisfaction levels with life in<br />
the region at 73%, compared to<br />
the global average of 75%, one<br />
in three respondents feel they do<br />
not receive adequate duty of care<br />
from their employers.<br />
Adding to this, Middle East expats<br />
cite loneliness (23%) and quality<br />
of local healthcare (15%) among<br />
the top stressors impacting their<br />
lives.<br />
Of the survey respondents, 85%<br />
said they were insured by their<br />
employers. At the same time,<br />
66% said they would prefer to<br />
go back to their home country for<br />
treatment of critical illnesses.<br />
Art Cozad, CEO of Cigna<br />
Insurance Middle East, said,<br />
“Financial and physical wellbeing<br />
are key areas of concern for<br />
a large majority of the GMIs<br />
we surveyed. Despite these<br />
challenges, two-thirds of the<br />
respondents are keen to stay<br />
on in the Middle East for at<br />
least three years or more. To us,<br />
these findings build a strong<br />
case for wellness and preventive<br />
care programs, which from our<br />
experience are significantly more<br />
effective in delivering positive<br />
health outcomes.”<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 31
32 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
COVER STORY HEALTHCARE GUIDE <strong>2018</strong><br />
A Health<br />
Odyssey<br />
Head of the iconic Thumbay Group, Dr. Thumbay<br />
Moideen, established the region’s first and only<br />
private medical university in Ajman two decades<br />
ago, followed by its first private teaching hospital.<br />
Today his network expands across 20 different<br />
sectors including real estate, wellness and hospitality.<br />
As he prepares to celebrate his 20th anniversary, the<br />
leader has no intention of slowing down.<br />
By Forbes Middle East<br />
When Dr. Thumbay Moideen, Founder and President of the<br />
Thumbay Group, opened the Gulf Medical University in 1998,<br />
it was part of a plan to both teach aspiring young doctors and<br />
impact Ajman’s economy. Having no previous experience in either<br />
healthcare or education, Moideen took the risk; the government had spotted<br />
Moideen’s business acumen and vision the year before and convinced him to<br />
invest in the emirate. By 2002 Moideen had opened a 200-bed teaching hospital<br />
in Ajman, followed by a 60-bed hospital in Fujairah in 2006, a 60-bed hospital in<br />
Sharjah in 2011, and a 150- bed hospital in Dubai in 2015.<br />
The businessman has not just stuck to healthcare and education. Over the<br />
years he has also invested in clinics, wellness, real estate, publishing, hospitality,<br />
retail, media, technology and distribution. And a second state-of-the-art hospital<br />
is due to open in Ajman later this year. Forbes Middle East spoke to Dr. Thumbay<br />
Moideen, the legendary figure well-known for his achievements in the U.A.E., as<br />
he looks back over 20 years of growth.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 33
HEALTHCARE<br />
COVER STORY<br />
You’re celebrating your 20th anniversary this year.<br />
Looking back what are you most proud of? And<br />
have you achieved everything you hoped to?<br />
When I established Thumbay Group back in 1998,<br />
I had ambitions and strategy, but frankly the results<br />
that we’ve achieved in due course and continue to<br />
achieve today, have been nothing short of a dream<br />
run. Deciding to venture into medical education and<br />
healthcare was one of the best decisions I ever made,<br />
and the pleasure of having touched and transformed<br />
the lives of people has been very satisfying. The trust<br />
we have built over the years places more responsibility<br />
on us, and I believe that we still have a lot to achieve<br />
and contribute.<br />
Looking back, I am proud of every milestone we’ve<br />
achieved over the years. However, the fact that we have<br />
become the preferred choice in medical education<br />
for students from over 80 countries and the favorite<br />
healthcare destination of patients from around 175<br />
countries is something we value immensely. Of all<br />
the things we have achieved in this two-decade long<br />
journey, I feel that the trust we have earned from our<br />
customers and the satisfaction we have delivered to<br />
them have always been something to be proud of.<br />
What are some of the unique things about Gulf<br />
Medical University?<br />
The most unique thing about Gulf Medical<br />
University (GMU) is that we are the only private<br />
medical university in the region. Our 1 million sq.<br />
ft. constructed facilities the campus spreads over a<br />
sprawling 25 acres of Thumbay Medi City. We have<br />
students from over 80 nationalities and our faculty staff<br />
is made up of 25+ nationalities. With the combination<br />
of ongoing and upcoming projects, we envision the<br />
campus as a vibrant space where up to 2000 families<br />
can live.<br />
GMU and the Thumbay Hospital network together<br />
train close to 20% of the doctors and around 60% of<br />
the healthcare professionals in the U.A.E. The fact that<br />
Thumbay Hospitals are teaching hospitals gives us a<br />
competitive advantage—it ensures that our hospitals<br />
have highly qualified and experienced doctors, as well<br />
as cutting-edge technology and equipment.<br />
The university and teaching hospitals are integrated<br />
together into the first and the only private Academic<br />
Health System in the region—the Gulf Medical<br />
University Academic Health System (GMUAHS). All<br />
our academic hospitals are members of GMUAHS.<br />
Research is another core area, and it is wellintegrated<br />
with the education and healthcare functions.<br />
Our facilities include the Thumbay Institute for<br />
Precision Medicine and Translational Research,<br />
Thumbay Institute of Population Health and the<br />
Thumbay Institute of Health Workforce Development<br />
& Leadership.<br />
How did you sustain your business in this two<br />
decade long journey?<br />
Sustaining a business is a demanding task.<br />
Diversification has been one of our fundamental<br />
growth strategies which has helped us sustain the<br />
Thumbay Group<br />
plans to open its<br />
second hospital<br />
in Ajman by the<br />
end of <strong>2018</strong>.<br />
IMAGE COURTESY OF THUMBAY GROUP<br />
COVER & INSIDE IMAGES FORBES MIDDLE EAST / RAJA<br />
34 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
momentum. We started off with medical education, then to<br />
meet the training needs of our students, we set up the first<br />
private academic hospital in the region in Ajman, which<br />
later grew into a network of academic hospitals at various<br />
locations in the U.A.E., and subsequently, India. In due<br />
course, our hospitals succeeded in getting JCI accredited.<br />
We also opened a network of family clinics—Thumbay<br />
Clinic—across the U.A.E., including ELITE clinics to cater<br />
to the upmarket clientele. We ventured into diagnostics<br />
with Thumbay Labs, which today is one of the largest CAPaccredited<br />
networks of private diagnostic labs in the region.<br />
The Thumbay Pharmacy chain now has over 60 outlets, with<br />
presence in the U.A.E. and India.<br />
Our diversification strategy was mostly in response to the<br />
needs of the time. The university required a restaurant, coffee<br />
shop, recreation facilities etc. Instead of depending on others,<br />
we chose to launch our own brands. Established as the<br />
first fine dining restaurant in the locality, today the Terrace<br />
Restaurant is a growing network with presence across the<br />
U.A.E., and has won HACCP certification. Blends & Brews<br />
Coffee Shoppe is one of the fastest growing chains in the<br />
region, and has extended its presence to India, in addition<br />
to various locations in the U.A.E. Body & Soul Health Club<br />
& Spa, with its ELITE, Ladies Only and kids’ clubs, is among<br />
the favorite family healthcare destinations in the U.A.E.<br />
Thumbay Builders, which initially handled our own<br />
construction projects, but was eventually spun off as an<br />
independent arm, is one of the largest real estate companies<br />
in the Northern Emirates. Thumbay Group also ventured<br />
into publishing by launching HEALTH magazine, one of the<br />
most popular health and lifestyle magazines in the region.<br />
Thumbay Media, a leading media solutions provider and<br />
Thumbay Technologies, an IT solutions company are also the<br />
results of Thumbay Group’s diversification strategy.<br />
We also launched retail brands like Zo & Mo Opticals,<br />
Nutri Plus Vita and The Flower Shoppe. Thumbay Marketing<br />
and Distribution Company works with products in the<br />
pharmaceutical, biomedical, medical, veterinary, fashion and<br />
education sectors.<br />
In your mind what have been the defining milestones in<br />
the transformation of the healthcare sector over the last<br />
two decades?<br />
Medical tourism has also become a popular initiative,<br />
especially in the Middle East. To manage our own medical<br />
tourism efforts, we have an exclusive brand—Thumbay<br />
Medical Tourism—which has representative offices in 87<br />
countries. We are a partner in the Dubai Health Experience,<br />
the prestige brand conceived by the Dubai Health Authority<br />
to strengthen Dubai’s position on the world map of medical<br />
tourism.<br />
Making healthcare affordable has been one of Thumbay<br />
Group’s core priorities, and this has enabled us to create a new<br />
model in the healthcare sector, by combining affordability<br />
with quality.<br />
What do you think are the most pressing issues facing<br />
medical professionals and investors today?<br />
Keeping pace with the world of digital innovation and<br />
technological transformation is a key challenge for healthcare<br />
professionals and investors alike. Medical technology is developing<br />
at breakneck speeds, and hospitals and professionals have to act<br />
quickly and pragmatically to take advantage of its benefits.<br />
Furthermore, there is an increased focus on delivering<br />
improved patient outcomes and providing facilities, which<br />
considerably enhance patient convenience and cater to<br />
consumer preferences.<br />
What innovations are you most excited about for the future?<br />
The growing role of Artificial Intelligence (AI) in medical<br />
education and healthcare is one area of innovation I am<br />
particularly interested in. Thumbay Group is keen to play a<br />
central role in facilitating advances in AI in line with our strategic<br />
vision plan, which envisions growth and innovation across all<br />
our businesses, particularly healthcare and education. Thumbay<br />
Technologies is venturing into partnerships with leading AI<br />
providers to take this vision forward.<br />
What are your current expansion plans? What new facilities<br />
do you have in the pipeline?<br />
We are going through an important phase of expansion, both<br />
in size and global presence, in accordance with our long-term<br />
strategic plans. This will expand the size of the group’s businesses<br />
tenfold and raise the size of our workforce to 25,000.<br />
We plan to increase the capacity of the Thumbay academic<br />
hospital network to 1,000 beds in the U.A.E., 1,500 beds in India<br />
and 750 beds elsewhere in the Gulf and in Africa. Look at the<br />
university and GMU is soon going to be adding engineering<br />
and management courses, and plans are afoot to open three new<br />
university campuses across three different countries. By 2022, we<br />
also plan to add 25 more Thumbay labs, 100 Thumbay pharmacies,<br />
40 Zo & Mo Opticals outlets, 100 Blends & Brews coffee shops, 25<br />
Body & Soul health clubs and 50 Nutri Plus Vita stores.<br />
Do you have any personal ambitions still to fulfill?<br />
I have got to where I am today thanks to the grace of the<br />
Almighty, a hardworking team that has always backed me up and<br />
the government’s support. Moreover, I consider myself lucky to<br />
live and do business in this beautiful country.<br />
My sons Akbar and Akram are actively involved in the business<br />
and are members of Thumbay Group Board. Akbar looks after the<br />
<strong>Healthcare</strong> Division as its Vice President, whereas Akram heads<br />
the Construction and Renovation Division, as well as Thumbay<br />
Technologies, as the Director. We dream of scaling up the business<br />
ten times, making Thumbay a global brand with a global presence.<br />
While I am grateful for all that I have achieved personally<br />
and professionally, these accomplishments motivate me to<br />
continue contributing to the society. I have always viewed<br />
success as the impact one makes on society by touching lives. I<br />
would like to be remembered as a compassionate man who did<br />
his best to transform the lives of his fellow human beings.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 35
GUIDE <strong>2018</strong> HEALTHCARE THOUGHT LEADER<br />
Behavioral Science Can<br />
Help Improve Health<br />
GCC countries have made their<br />
citizens’ health a priority in<br />
their national visions. Their<br />
objectives include a new paradigm<br />
that seeks to improve quality across<br />
the healthcare system and encourage<br />
preventive care. Medical practitioners<br />
have to adopt new treatment methods,<br />
and citizens have to make different<br />
lifestyle choices, such as eating<br />
healthier food, exercising more, or<br />
quitting smoking. The problem is that traditional ways of<br />
designing and implementing policies to achieve these results<br />
may not work on their own. To reach these outcomes, GCC<br />
countries should consider complementing their standard policy<br />
toolkits with behavioral science insights.<br />
Changes in behavior are an important part of a broader<br />
healthcare effort. In addition to structural initiatives like<br />
increasing the number of hospitals, physicians and medical<br />
staff, GCC healthcare reforms address the quality of both<br />
therapeutic and preventive care. Plans like the Abu Dhabi<br />
Health Care Strategic Plan, the Dubai Health Strategy 2021 and<br />
Saudi Arabia’s National Transformation Program 2020 include<br />
initiatives to change practices across the medical profession,<br />
such as prompting doctors to prescribe treatments based<br />
on national standards. They also aim to decrease incidences<br />
of lifestyle-related diseases like diabetes and cardiovascular<br />
diseases by encouraging citizens to adopt healthier and more<br />
active lifestyles, and schedule more regular medical checkups.<br />
These are areas where behavioral science can supplement<br />
standard policy tools.<br />
Behavioral science works by helping policymakers design<br />
interventions that gently sway people toward a desired<br />
behavior. Traditional policy tools alone (taxes, financial<br />
incentives, generic awareness campaigns) are not always<br />
effective in changing the way people think or act. People’s<br />
beliefs, attitudes, and emotional triggers make them resist<br />
change, even though it is in their self-interest (for example,<br />
quitting smoking to reduce the risk of lung cancer) or for the<br />
common good (for example, using public transport to reduce<br />
emissions and improve air quality).<br />
Behavioral interventions address such “cognitive biases”<br />
using simple tools like targeted communication messages,<br />
role models and game features as incentives. They use nudges<br />
like positive reinforcement or indirect suggestions. Behavioral<br />
interventions work best when combined with conventional<br />
policy levers (such as taxes on sugary beverages) and access to<br />
adequate infrastructure like sports facilities, nutrition centers, or<br />
hospitals. They are relatively inexpensive, require minimal effort<br />
and do not restrict freedoms. In the past decade, governments<br />
around the world have increasingly used behavioral science in<br />
different policy areas.<br />
Some of the most effective behavioral interventions have<br />
been in health policy. For example, the U.K.’s Behavioral Insights<br />
Team (BIT) successfully encouraged doctors who were giving<br />
patients too many antibiotics to reduce prescriptions by over<br />
3%. The BIT appealed to these physicians’ desire to conform<br />
to professional norms by sending them letters stating that their<br />
fellow doctors recommended antibiotics less frequently.<br />
Similarly, the city of New Orleans got more people from<br />
low-income families to sign up for free medical check-ups by<br />
testing three differently-worded SMS notifications—messages<br />
that encouraged people to look after themselves so they could<br />
take care of their loved ones had the highest response rate. In<br />
Singapore, the Health Promotion Board used gamification<br />
features to encourage people to walk more. In one subway<br />
station, it made stairs and walkways light up and play musical<br />
notes when people used them instead of taking escalators and<br />
travellators.<br />
GCC governments can apply similar techniques tailored to<br />
their specific context and target demographics. They can ensure<br />
that more physicians deliver the same level of quality by sending<br />
them letters comparing their performance to their peers. In<br />
terms of prevention, they can use role models as spokespersons<br />
for healthy diets and exercise. They can also encourage school<br />
cafeterias to display healthy food options more prominently.<br />
And they could design family-friendly approaches that enlist<br />
parents’ support in ensuring their children eat better and<br />
exercise more. To improve their citizens’ quality of life, they can<br />
remind them individually to get regular checkups.<br />
To implement this innovative approach, GCC countries<br />
will need to build core behavioral capabilities. They should<br />
start by piloting high-impact interventions through dedicated<br />
behavioral insights teams in priority healthcare areas—for<br />
example, reducing obesity—and then measure their impact.<br />
Finally, they should share their results with other government<br />
entities to mainstream this approach and so address other social,<br />
economic and environmental objectives.<br />
DR. YAHYA ANOUTI, PRINCIPAL AT STRATEGY& MIDDLE EAST (FORMERLY BOOZ & COMPANY), PART OF THE PWC NETWORK<br />
36 FORBES MIDDLE EAST I GUIDE <strong>2018</strong><br />
*THIS ARTICLE IS BASED ON A REPORT DEVELOPED BY STRATEGY& ME AND WPP IN<br />
COLLABORATION WITH THE WORLD GOVERNMENT SUMMIT <strong>2018</strong>.
FORBES MIDDLE EAST // THE UNIVERSITY OF MANCHESTER MIDDLE EAST CENTRE<br />
Middle East <strong>Healthcare</strong> Needs Clear Vision<br />
And Leadership To Transform The Industry<br />
Dr Stephen Brookes is a senior fellow in public policy and management and specializes in<br />
leadership and organizational development, with a special focus on healthcare management at<br />
The University of Manchester.<br />
<strong>Healthcare</strong> is in a very<br />
strong position to benefit<br />
from the focus on innovation<br />
in the region, as the industry<br />
continues to undergo rapid transformation.<br />
It’s not just about the<br />
technology—innovative technology<br />
is only an enabler in the process of<br />
developing a robust, accessible, affordable<br />
and sustainable industry<br />
to help combat the rising cost and<br />
complexity of care. The really clever<br />
part is how people organise and<br />
use technology, and this raises the<br />
crucial question about the role of<br />
leadership and management.<br />
The entire model of healthcare<br />
and its delivery is undergoing a profound<br />
transformation, with a greater<br />
focus on patient-centric care and patient<br />
outcomes. The system is moving away from a treatment<br />
or sickness model to a more preventive model of care—the<br />
Wellness model. It’s also bringing care closer to the community,<br />
through a dispersed model of care and becoming less dependent<br />
on the multispecialty hospital.<br />
With more information, education and care based in the<br />
community, patients and healthy individuals are taking more<br />
responsibility for their own health, with a range of health apps<br />
and support available to manage chronic lifestyle diseases and<br />
conditions such as diabetes and hypertension. The consumerisation<br />
of healthcare technology is supporting the sharing<br />
of responsibility for individual and family wellness between<br />
the individual/family and healthcare provider (whether this is<br />
the public or private sector or even non-traditional providers,<br />
from telcos to social media platforms).<br />
In the Middle East, the driving need to share responsibility<br />
for the delivery of healthcare between the public and private<br />
sectors means that public private partnerships (PPPs) are becoming<br />
more of a necessity. As the private sector increasingly<br />
applies its experience and expertise to help solve challenges<br />
traditionally faced by the public sector, we see a new challenge<br />
arise of balancing the expectations and needs of private sector<br />
shareholders versus public sector stakeholders. This may<br />
create some potential for confusion or even some conflict as<br />
they both seek to create new cost efficiencies<br />
while improving patient<br />
outcomes and the general health of<br />
the community. PPPs are an essential<br />
element of the evolving model, as the<br />
healthcare sector looks to share the<br />
burdens of risk and cost of care provision<br />
more equitably.<br />
Of course, with the region’s growing<br />
(and ageing) population and rising<br />
incidences of lifestyle diseases, this<br />
challenge is only going to increase.<br />
The greater openness of regional<br />
healthcare to the private sector is a<br />
positive development, but these providers<br />
must be able to operate efficiently<br />
and be able to sustain the<br />
investment required to provide specialist<br />
treatment even for low volumes<br />
Dr Stephen Brookes<br />
of patients, or patients will continue<br />
to flow to the public-sector providers who have the capacity<br />
and expertise.<br />
All of these developments reflect an increasing emphasis<br />
on wellness and disease prevention, which is what we all want<br />
to see—longer, healthier, positive and fulfilling lives for all<br />
members of the family through the entire lifecycle.<br />
The shift from the sickness model of care to the wellness<br />
model, and the increasing collaboration between public and<br />
private sectors will cause some disruption, which is always a<br />
concern when we are talking about the most basic human right<br />
of access to medical care. A greater emphasis on screening,<br />
monitoring and prevention will go some way to alleviating this.<br />
At the core of this process of transformation must be a high<br />
degree of mutual trust; between policy makers and regulators,<br />
public and private sectors, between providers and patients, and<br />
between healthcare management and clinical and staff.<br />
There has never been a greater need for vision and leadership<br />
in the regional healthcare sector and effective management<br />
at every level - regulatory, institutional, departmental.<br />
Vision and leadership will provide the direction and then<br />
the entire industry must join together to ensure that the population<br />
of the region continues to enjoy access to safe and effective<br />
world-class health services, with a focus on the patient,<br />
improved outcomes and a healthier and happier quality of life.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 37
FORBES MIDDLE EAST // ZULEKHA HEALTHCARE GROUP<br />
A Legacy With<br />
Both Eyes On<br />
The Future<br />
Taher Shams, Managing Director, Zulekha<br />
<strong>Healthcare</strong> Group talks to us about the group’s<br />
latest expansion plans, and how it’s using<br />
robotics to enhance the patient experience.<br />
The Zulekha name holds quite a legacy. How does that<br />
inspire you as a leader at the group?<br />
I have been associated with the organization and its<br />
people since day one. That in itself defines how interesting<br />
the journey has been. With a legendary leader like Dr.<br />
Zulekha Daud guiding us, we are inspired every single<br />
day and moment to give our best to our patrons. We take<br />
great pride in the organizational culture and our vision<br />
that has enabled our success to date. Our continuous<br />
endeavor is to walk the talk.<br />
I take pride in leading the innovative and passionate<br />
minds across various functions at our facilities in<br />
U.A.E. and India. I also derive my inspiration from our<br />
employees, who are unique in their own ways, creating<br />
opportunities and making the most of their capabilities.<br />
38 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
Their commitment over the years has been<br />
exceptional and that has been our strength.<br />
You recently announced that you plan to open<br />
another hospital in Sharjah—can you tell us a bit<br />
more about that development?<br />
Our current Sharjah capacity has gone up to 185 beds,<br />
including a recent extension to our existing facility.<br />
After a very successful foray into the Indian market,<br />
with the launch of a hospital under the brand name<br />
Alexis in Nagpur, the group will be introducing this<br />
brand to the U.A.E. by investing in a 150-bed facility<br />
in Sharjah that will extend customized services to<br />
diverse communities in the region.<br />
Do you see a growing demand in the U.A.E.<br />
market that still needs filling? How do you remain<br />
unique from the competition?<br />
Growth in the sector has been healthy and will<br />
also depend on the regulatory environment in<br />
future. As healthcare providers, we should work<br />
more closely with the government authorities to<br />
ensure the affordability aspect is maintained despite<br />
advancements, increasing investment in technology<br />
and maintaining a skilled workforce, which may<br />
impact bottom lines.<br />
We always take pride in being pioneers in the<br />
industry and that has helped us lead the rest and stand<br />
out. We are happy to see industry players adapting<br />
our initiatives, which we initially conceptualized for<br />
greater efficiencies and enhanced solutions. Our<br />
growth and investments have been organic and we<br />
will continue to do the same as a healthy strategy<br />
for the next few years, unlike bigger players who are<br />
public and expanding far and wide. Our motive is<br />
to build Centers of Excellence, and we are doing just<br />
that rather than diluting our resources. This helps<br />
us offer the best in class across multispecialities,<br />
under one roof.<br />
How is development progressing on the new<br />
hospital in India?<br />
Alexis Multi-speciality Hospital in India has been<br />
progressing very well. We are proud to be accredited<br />
by the National Accreditation Board for Hospitals<br />
& <strong>Healthcare</strong> Providers (NABH). This is testimony<br />
to our commitment to provide international<br />
quality of healthcare to the citizens of India.<br />
Making the medical facilities more affordable and<br />
easily accessible has served the need of the hour in<br />
Central India.<br />
We are working towards eventually making<br />
Nagpur the medical hub for the entire country, and<br />
even for patients from foreign countries who seek<br />
affordable medical aid. Many international patients<br />
are already visiting the city due to cost- effective yet<br />
state-of-art-treatment, which we provide at Alexis.<br />
What other plans do you have over the coming<br />
year to innovate and grow?<br />
We are expanding our existing facility in Dubai,<br />
doubling our capacity. Following the completion of<br />
the Zulekha Hospital Dubai expansion, the hospital<br />
will have an additional 60 inpatient beds, operation<br />
theatre arrangements, emergency services and<br />
labour rooms, taking its total capacity to 179 beds in<br />
<strong>2018</strong>. Apart from a comprehensive Oncology Care<br />
unit, with radiation therapy bunkers to surgical<br />
theatres, the building will provide for additional<br />
Cath labs as well.<br />
Sub-specialties providing services with respect<br />
to Pediatric Nephrology and Pediatric Cardiology<br />
will be available alongside Histopathology, Fetal<br />
Medicine and Neurosurgery, which will be<br />
established in the extended facility. We also plan to<br />
have a Trauma Care Unit, IVF Clinic and Diabetic<br />
Clinic.<br />
How are you keeping up with advancements in<br />
medical technology? What are some of current<br />
digital breakthroughs that you think will have the<br />
most impact in future?<br />
Organizations are focused on improving operational<br />
efficiencies with AI and Robotics. We believe the use<br />
of robots in administrative or back-office tasks, data<br />
collections and patient experience management<br />
can help increase productivity and enable existing<br />
resources to channel their strengths and time to<br />
more important tasks. The Group is introducing<br />
Robotic pharmacies in order to improve efficiencies<br />
in administrative tasks, data collections and<br />
customer experience management.<br />
Regional advances by authorities are shaping<br />
the future of healthcare positively. For example,<br />
the recent launch of the DXH app enables medical<br />
tourists to gain easy and faster access to medical<br />
facilities any time of the day. Another great decision<br />
to use AI to sort all chest X-ray scans required<br />
for mandatory medical fitness tests for residency<br />
purposes is part of the Dubai Health Strategy 2021,<br />
using AI and smart systems to streamline healthcare<br />
in the emirate. Likewise, we will look forward to<br />
ride the progress wave along with our public and<br />
private partners in the sector.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 39
GUIDE <strong>2018</strong> HEALTHCARE BILLIONAIRES<br />
Global <strong>Healthcare</strong> Billionaires<br />
In FORBES <strong>2018</strong> ranking of the world’s richest people,134 billionaires had made their<br />
fortune in the healthcare sector. The highest ranking healthcare tycoon was Dilip Shanghvi<br />
of Pharmaceuticals India, whose $12.8 billion wealth got him to number 115 out of 2,208<br />
billionaires in total. Here we highlight the super-rich moguls in the medical sector.<br />
#115<br />
62 DILIP SHANGHVI<br />
$12.8 B<br />
Pharmaceuticals<br />
India<br />
#126<br />
60 SEO JUNG-JIN<br />
$11.9 B<br />
Biotech<br />
South Korea<br />
#158<br />
79 THOMAS FRIST, JR.<br />
$9.6 B<br />
Health Care<br />
United States<br />
#170<br />
76 CYRUS<br />
POONAWALLA<br />
$9.1 B<br />
Vaccines<br />
India<br />
#274 - Guenther Fielmann<br />
Guenther Fielmann is the founder and CEO<br />
of eyeglasses giant Fielmann AG; his family<br />
controls 71.64% of its shares.<br />
He opened his first optometry shop in<br />
Cuxhaven, Germany, in 1972, and took the<br />
company public in 1994.<br />
Fielmann AG sells nearly half the<br />
prescription eyeglasses in Germany, and<br />
also has outlets in Austria, Switzerland,<br />
Italy, Netherlands and Poland.<br />
In January 2016, son Marc, who studied at<br />
the London School of Economics, joined<br />
the company’s management board.<br />
#174<br />
52 ERNESTO<br />
BERTARELLI<br />
$8.9 B<br />
Biotech, Investments<br />
Switzerland<br />
#190<br />
55 CARL COOK<br />
$8 B<br />
Medical Devices<br />
United States<br />
#196<br />
75 MASSIMILIANA<br />
LANDINI ALEOTTI<br />
$7.9 B<br />
Pharmaceuticals<br />
Italy<br />
#198<br />
65 PATRICK SOON-<br />
SHIONG<br />
$7.8 B<br />
Pharmaceuticals<br />
United States<br />
#202<br />
59 SUN PIAOYANG<br />
$7.7 B<br />
Pharmaceuticals<br />
China<br />
#211<br />
67 FREDERIK PAULSEN<br />
$7.3 B<br />
Health Care<br />
Sweden<br />
#274<br />
78 GUENTHER<br />
FIELMANN<br />
$6.3 B<br />
Optometry<br />
Germany<br />
#296<br />
76 WOLFGANG<br />
MARGUERRE<br />
$5.9 B<br />
Pharmaceuticals<br />
Germany<br />
#315<br />
83 HANSJOERG WYSS<br />
$5.7 B<br />
Medical Devices<br />
Switzerland<br />
#382<br />
63 RONDA STRYKER<br />
$5.1 B<br />
Medical Equipment<br />
United States<br />
#388<br />
64 PANKAJ PATEL<br />
$5 B<br />
Pharmaceuticals<br />
India<br />
#404<br />
62 AJAY PIRAMAL<br />
$4.9 B<br />
Pharmaceuticals<br />
India<br />
#404<br />
63 REINHOLD<br />
SCHMIEDING<br />
$4.9 B<br />
Medical Devices<br />
United States<br />
#441<br />
74 BERNARD<br />
BROERMANN<br />
$4.7 B<br />
Hospitals<br />
Germany<br />
#441<br />
70 NIELS PETER LOUIS-<br />
HANSEN<br />
$4.7 B<br />
Medical Devices<br />
Denmark<br />
#466<br />
74 YE CHENGHAI<br />
$4.5 B<br />
Pharmaceuticals<br />
Hong Kong<br />
#550<br />
40 OTTO PHILIPP<br />
BRAUN<br />
$4 B<br />
Medical Technology<br />
Germany<br />
#550<br />
91 TRAUDL<br />
ENGELHORN<br />
$4 B<br />
Pharmaceuticals,<br />
Medical Equipment<br />
Germany<br />
#550<br />
76 B.R. SHETTY<br />
$4 B<br />
<strong>Healthcare</strong><br />
India<br />
#572<br />
60 CHRISTOPH ZELLER<br />
$3.9 B<br />
Dental Implants<br />
Liechtenstein<br />
#606<br />
68 ANDREAS<br />
STRUENGMANN<br />
$3.7 B<br />
Pharmaceuticals<br />
Germany<br />
#606<br />
68 THOMAS<br />
STRUENGMANN<br />
$3.7 B<br />
Pharmaceuticals<br />
Germany<br />
#606<br />
66 TSE PING<br />
$3.7 B<br />
Pharmaceuticals<br />
China<br />
#629<br />
60 CAO LONGXIANG<br />
$3.6 B<br />
Pharmaceuticals<br />
China<br />
PHOTO BY MALZKORN/ULLSTEIN BILD VIA GETTY IMAGES<br />
40 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
PHOTO BY ABHIJIT BHATLEKAR/MINT VIA GETTY IMAGES;<br />
PHOTOGRAPHER: ANTOINE ANTONIOL/BLOOMBERG<br />
#629<br />
64 JIANG RENSHENG<br />
$3.6 B<br />
Vaccine Production<br />
China<br />
#629<br />
78 LIM SUNG-KI<br />
$3.6 B<br />
Pharmaceuticals<br />
South Korea<br />
#629<br />
64 KIRAN MAZUMDAR-<br />
SHAW<br />
$3.6 B<br />
Biotech<br />
India<br />
#629<br />
73 XU JINGREN<br />
$3.6 B<br />
Pharmaceuticals<br />
China<br />
#652<br />
52 CHEN BANG<br />
$3.5 B<br />
Hospitals<br />
China<br />
#679<br />
72 RUDOLF MAAG<br />
$3.4 B<br />
Medical Devices<br />
Switzerland<br />
#703<br />
83 JOHN BROWN<br />
$3.3 B<br />
Medical Equipment<br />
United States<br />
#703<br />
61 PAT STRYKER<br />
$3.3 B<br />
Medical Equipment<br />
United States<br />
#729<br />
80 ALAIN MERIEUX<br />
$3.2 B<br />
Pharmaceuticals<br />
France<br />
#766<br />
54 CHENG CHEUNG<br />
LING<br />
$3.1 B<br />
Pharmaceuticals<br />
China<br />
#791<br />
54 ANNE BEAUFOUR<br />
$3 B<br />
Pharmaceuticals<br />
France<br />
#791<br />
52 HENRI BEAUFOUR<br />
$3 B<br />
Pharmaceuticals<br />
France<br />
#791<br />
84 HASMUKH<br />
CHUDGAR<br />
$3 B<br />
Pharmaceuticals<br />
India<br />
#791<br />
84 PRASERT<br />
PRASARTTONG-OSOTH<br />
$3 B<br />
Hospitals<br />
Thailand<br />
#822<br />
65 CAI DONGCHEN<br />
$2.9 B<br />
Pharmaceuticals<br />
China<br />
#822<br />
63 KE ZUNHONG<br />
$2.9 B<br />
Pharmaceuticals<br />
China<br />
#822<br />
64 RANDAL KIRK<br />
$2.9 B<br />
Pharmaceuticals<br />
United States<br />
#822<br />
59 JON STRYKER<br />
$2.9 B<br />
Medical Equipment<br />
United States<br />
#859<br />
73 KIEU HOANG<br />
$2.8 B<br />
Medical Products<br />
United States<br />
#859<br />
46 OSMAN KIBAR<br />
$2.8 B<br />
Biotech<br />
United States<br />
#887<br />
54 THOMAS<br />
STRAUMANN<br />
$2.7 B<br />
Dental Implants<br />
Switzerland<br />
#924<br />
81 PHILLIP FROST<br />
$2.6 B<br />
Pharmaceuticals<br />
United States<br />
#924<br />
71 LUTZ MARIO<br />
HELMIG<br />
$2.6 B<br />
Hospitals<br />
Germany<br />
#924<br />
53 LAM KONG<br />
$2.6 B<br />
Pharmaceuticals<br />
China<br />
#924<br />
54 GILLES MARTIN<br />
$2.6 B<br />
Laboratory Services<br />
France<br />
#924<br />
73 JORGE MOLL FILHO<br />
$2.6 B<br />
Hospitals<br />
Brazil<br />
#729 - Alain Merieux<br />
Alain Merieux is chairman of Institut Merieux,<br />
a medicine and public health conglomerate<br />
specializing in diagnostics, immunotherapy and<br />
nutrition.<br />
Alain founded BioMerieux, one of the firm’s publicly<br />
traded arms, which specializes in diagnostic tests for<br />
infectious diseases such as tuberculosis.<br />
The firm’s other publicly-traded subsidiary, Transgene,<br />
develops vaccines to combat infectious diseases.<br />
Alain’s third son Alexandre, who shares the fortune,<br />
was named CEO of BioMerieux in 2014.<br />
#404 - Ajay Piramal<br />
Ajay Piramal chairs Piramal Enterprises, a<br />
company with interests in pharma, healthcare<br />
and financial services.<br />
Piramal started out in his family’s textile<br />
business at age 22 in 1977 but went on to<br />
build a pharma empire through acquisitions.<br />
Piramal inked his biggest deal in 2010 when<br />
he sold his domestic formulations business to<br />
Abbott Labs for $3.8 billion.<br />
Piramal’s wife Swati is vice-chairman while<br />
his daughter Nandini and son Anand have<br />
board seats.<br />
#965<br />
59 P.V. RAMPRASAD<br />
REDDY<br />
$2.5 B<br />
Pharmaceuticals<br />
India<br />
#965<br />
56 CARLOS SANCHEZ<br />
$2.5 B<br />
Generic Drugs<br />
Brazil<br />
#965<br />
52 ZHAO TAO<br />
$2.5 B<br />
Pharmaceuticals<br />
Singapore<br />
#1020<br />
89 LUIGI ROVATI<br />
$2.4 B<br />
Pharmaceuticals<br />
Italy<br />
#1020<br />
60 LEENA TEWARI<br />
$2.4 B<br />
Pharmaceuticals<br />
India<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 41
HEALTHCARE<br />
BILLIONAIRES<br />
#1070<br />
82 GUSTAVO DENEGRI<br />
$2.3 B<br />
Biotech<br />
Italy<br />
#1070<br />
66 MURALI DIVI<br />
$2.3 B<br />
Pharmaceuticals<br />
India<br />
#1070<br />
61 BERNARD FRAISSE<br />
$2.3 B<br />
Pharmaceuticals<br />
France<br />
#1070<br />
55 HU BAIFAN<br />
$2.3 B<br />
Pharmaceuticals<br />
China<br />
#1103<br />
70 DULCE PUGLIESE DE<br />
GODOY BUENO<br />
$2.2 B<br />
Hospitals, Health Care<br />
Brazil<br />
#1103<br />
72 HEIKKI KYOSTILA<br />
$2.2 B<br />
Dental Products<br />
Finland<br />
#1103<br />
72 STEWART RAHR<br />
$2.2 B<br />
Drug Distribution<br />
United States<br />
#1157<br />
67 LI XITING<br />
$2.1 B<br />
Medical Devices<br />
China<br />
#1157<br />
63 MAJA OERI<br />
$2.1 B<br />
Roche Holding<br />
Switzerland<br />
#1157<br />
38 ALEXEY REPIK<br />
$2.1 B<br />
Pharmaceuticals<br />
Russia<br />
#1215<br />
41 BERNHARD BRAUN-<br />
LUEDICKE<br />
$2 B<br />
Medical Technology<br />
Germany<br />
#1215<br />
31 EVA MARIA BRAUN-<br />
LUEDICKE<br />
$2 B<br />
Medical Technology<br />
Germany<br />
#1215<br />
34 FRIEDERIKE BRAUN-<br />
LUEDICKE<br />
$2 B<br />
Medical Technology<br />
Germany<br />
#1215<br />
47 DONG WEI<br />
$2 B<br />
Pharmaceuticals<br />
China<br />
#1215<br />
73 ROBERT DUGGAN<br />
$2 B<br />
Pharmaceuticals<br />
United States<br />
#1215<br />
56 HU KAIJUN<br />
$2 B<br />
Pharmaceuticals<br />
China<br />
#1215<br />
62 RAMESH JUNEJA<br />
$2 B<br />
Pharmaceuticals<br />
India<br />
#1103 - Stewart Rahr<br />
Stewart Rahr expanded Kinray, a pharmaceutical<br />
distributor his father founded in 1944 and sold it to<br />
Cardinal Health in 2010 for $1.3 billion in cash.<br />
Rahr is known for his extravagant lifestyle, which he<br />
funds through conservative investments in private<br />
equity, hedge funds and natural resources.<br />
After getting a bachelor’s in history at NYU, he briefly<br />
attended NYU Law before dropping out to run the<br />
family business.<br />
He has a sizable art collection that includes works by<br />
Picasso, Damien Hirst, Jeff Koons and Alexander Calder.<br />
#1215<br />
51 LI GE<br />
$2 B<br />
Biotech<br />
China<br />
#1215<br />
48 MA XINGTIAN<br />
$2 B<br />
Pharmaceuticals<br />
China<br />
#1215<br />
47 AMY WYSS<br />
$2 B<br />
Medical Equipment<br />
United States<br />
#1215<br />
55 ZHU BAOGUO<br />
$2 B<br />
Pharmaceuticals<br />
China<br />
#1284<br />
JEAN-PAUL AND<br />
MARTINE CLOZEL<br />
$1.9 B<br />
Pharmaceuticals<br />
Switzerland<br />
#1339<br />
69 AN KANG<br />
$1.8 B<br />
Pharmaceuticals<br />
China<br />
#1339<br />
39 ANNA MARIA<br />
BRAUN<br />
$1.8 B<br />
Medical Technology<br />
Germany<br />
#1339<br />
38 JOHANNA BRAUN<br />
$1.8 B<br />
Medical Technology<br />
Germany<br />
#1339<br />
35 KARL FRIEDRICH<br />
BRAUN<br />
$1.8 B<br />
Medical Technology<br />
Germany<br />
#1339<br />
74 JOHN KAPOOR<br />
$1.8 B<br />
<strong>Healthcare</strong><br />
United States<br />
#1339<br />
50 LI ZONGSONG<br />
$1.8 B<br />
Pharmaceuticals<br />
China<br />
#1339<br />
71 WILLY MICHEL<br />
$1.8 B<br />
Medical Devices<br />
Switzerland<br />
#1339<br />
91 ALBERTO<br />
ROEMMERS<br />
$1.8 B<br />
Pharmaceuticals<br />
Argentina<br />
#1339<br />
48 WU YULAN<br />
$1.8 B<br />
Pharmaceuticals<br />
China<br />
#1339<br />
51 XU HANG<br />
$1.8 B<br />
Medical Devices<br />
China<br />
#1756 - Habil Khorakiwala<br />
Pharma tycoon Habil Khorakiwala chairs<br />
Wockhardt, one of India’s top makers of<br />
generic drugs.<br />
He founded Wockhardt in 1967 after<br />
breaking away from his family’s storied<br />
retailing empire.<br />
The company, run by his son Murtaza,<br />
gets 62% of its $640 million revenue from<br />
overseas markets.<br />
DID YOU KNOW...<br />
Daughter Zahabiya oversees the hospital<br />
arm while another son heads the charitable<br />
foundation.<br />
PHOTOGRAPHER: ARIEL JEROZOLIMSKI/BLOOMBERG VIA GETTY IMAGES<br />
PHOTO BY HEMANT MISHRA/MINT VIA GETTY IMAGES<br />
42 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
FORBES MIDDLE EAST // CORMEDICINE<br />
Rebuilding The<br />
Human Body<br />
Dr Nada Alaaeddine, founder of Cormedicine, the<br />
first clinic of regenerative medicine in Lebanon,<br />
is a pioneering professor and researcher on<br />
regenerative medicine—the first in the Middle<br />
East to optimize the technique of isolating stem<br />
cells from fat.<br />
A<br />
researcher with many international awards, Dr Alaaeddine<br />
has published more than 30 papers in high-impact<br />
renowned medical journals. An invited professor at CHUM,<br />
Montreal university, Canada, she also created and directed the<br />
laboratory of Regenerative Medicine and Inflammation in the<br />
faculty of Medicine at Saint Joseph University in Beirut.<br />
What are the principles of regenerative medicine and<br />
what are the key benefits of this above conventional<br />
medicine and surgery?<br />
Regenerative medicine develops methods to regrow, repair or<br />
replace damaged or diseased cells, organs or tissues. This includes<br />
the generation and use of therapeutic stem cells, tissue engineering<br />
and the production of artificial organs. It seeks to replace tissue or<br />
organs that have been damaged by disease, trauma or congenital<br />
issues, as opposed to the current clinical strategy, which focuses<br />
primarily on treating the symptoms.<br />
Combinations of cell therapy and other medical approaches<br />
using the latest technology available in the field can help us<br />
amplify our natural healing process in the places it is needed most<br />
or take over the function of a permanently damaged organ. When<br />
injured or invaded by disease, our bodies have an innate response<br />
to heal and defend by using our own cells, proteins or platelets.<br />
The implications of advanced regenerative cell therapy on<br />
the future of human health and lifespan are monumental.<br />
Do you envisage a future without disease or early death?<br />
It is a wish for every person to have a world without disease<br />
but this is unlikely to be achieved. However, with regenerative<br />
medicine we think that many incurable diseases will be cured and<br />
every health issue will have a solution. The life span of people and<br />
quality of their life will be changed for the better.<br />
What do you hope will be COR Medicine’s next<br />
breakthrough?<br />
At COR Medicine we believe that every ailment has a cure with<br />
cell therapy. We hope that one day we will be able to harness the<br />
full healing power of platelets and stem cells to treat patients to<br />
repair organs and save lives. We want our clinic to be the first in<br />
the region to use cell therapies for healing and treating diseases<br />
or symptoms of diseases.<br />
With our doctors’ expertise, combined with knowhow of<br />
the cell technology, we plan on reaching a breakthrough in<br />
regenerative medicine. Cell therapy is one of the most promising<br />
techniques in our medical arsenal to repair damaged or destroyed<br />
tissue. We are combining conventional medicine with cell therapy,<br />
professionalism, honesty and transparency, and we will be the<br />
leading clinic in the region.<br />
What are your objectives and vision and what impact do<br />
you hope your research will have?<br />
I think by collaborative research and hard work we can offer<br />
therapies to patients with chronic debilitating disease or those<br />
who are not being helped by today’s medicine.<br />
The diseases which cell therapy can target are very varied:<br />
hormonal dysfunction, such as diabetes and growth hormone<br />
deficiency; neurodegenerative diseases, such as Parkinson’s,<br />
Alzheimer’s and Huntington’s; and cardiovascular lesions, such<br />
as myocardial infarction, peripheral vascular ischemia; as well as<br />
lesions in the cornea, skeletal muscle, skin, joints and bones etc.<br />
Every ailment has a cure with cell therapy. In the future we<br />
can offer a cure for most diseases, or a better quality of life for<br />
those who have lost hope. I think regenerative medicine is the<br />
future of medicine.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 43
HEALTHCARE<br />
BILLIONAIRES<br />
#1394<br />
28 LUDWIG THEODOR<br />
BRAUN<br />
$1.7 B<br />
Medical Technology<br />
Germany<br />
#1394<br />
67 CHEN XUELI<br />
$1.7 B<br />
Pharmaceuticals<br />
China<br />
#1394<br />
81 YUSUF HAMIED<br />
$1.7 B<br />
Pharmaceuticals<br />
India<br />
#1394<br />
69 GARY MICHELSON<br />
$1.7 B<br />
Medical Patents<br />
United States<br />
#1394<br />
56 WU GUANGMING<br />
$1.7 B<br />
Medical Equipment<br />
China<br />
#1477<br />
65 LEI JUFANG<br />
$1.6 B<br />
Pharmaceuticals<br />
China<br />
#1477<br />
54 LI LI<br />
$1.6 B<br />
Pharmaceuticals<br />
China<br />
#1477<br />
67 SHIN DONG-GUK<br />
$1.6 B<br />
Pharmaceuticals<br />
South Korea<br />
#1477<br />
46 YU RONG<br />
$1.6 B<br />
Health Clinics<br />
China<br />
#1561<br />
55 CHE FENGSHENG<br />
$1.5 B<br />
Pharmaceuticals<br />
China<br />
#1561<br />
55 LI YIHAI<br />
$1.5 B<br />
Pharmaceuticals<br />
China<br />
#1561<br />
54 QUE WENBIN<br />
$1.5 B<br />
Pharmaceuticals<br />
China<br />
#1561<br />
41 SHAMSHEER<br />
VAYALIL<br />
$1.5 B<br />
<strong>Healthcare</strong><br />
India<br />
#1650<br />
54 DU WEIMIN<br />
$1.4 B<br />
Vaccines<br />
China<br />
#1650<br />
45 VIKTOR<br />
KHARITONIN<br />
$1.4 B<br />
Pharmaceuticals<br />
Russia<br />
#1650<br />
72 JAMES LEININGER<br />
$1.4 B<br />
Medical Products<br />
United States<br />
#1650<br />
84 FORREST PRESTON<br />
$1.4 B<br />
Health Care<br />
United States<br />
#1650<br />
70 JERZY STARAK<br />
$1.4 B<br />
Pharmaceuticals<br />
Poland<br />
#1650<br />
52 ZHU WENCHEN<br />
$1.4 B<br />
Pharmaceuticals<br />
China<br />
#1756<br />
49 CHENG XIANFENG<br />
$1.3 B<br />
Pharmaceuticals<br />
China<br />
#1756<br />
75 HABIL<br />
KHORAKIWALA<br />
$1.3 B<br />
Pharmaceuticals<br />
India<br />
#1756<br />
78 MAHENDRA<br />
PRASAD<br />
$1.3 B<br />
Pharmaceuticals<br />
India<br />
#1756<br />
65 LEONARD<br />
SCHLEIFER<br />
$1.3 B<br />
Pharmaceuticals<br />
United States<br />
#1867<br />
77 BEDA DIETHELM<br />
$1.2 B<br />
Hearing Aids<br />
Switzerland<br />
#1867<br />
73 DENNIS GILLINGS<br />
$1.2 B<br />
Drug Testing<br />
United Kingdom<br />
#1867<br />
63 GUDRUN HEINE<br />
$1.2 B<br />
Medical Devices<br />
Germany<br />
#1867<br />
53 STEPHEN SAAD<br />
$1.2 B<br />
Pharmaceuticals<br />
South Africa<br />
#1867<br />
77 BASUDEO SINGH<br />
$1.2 B<br />
Pharmaceuticals<br />
India<br />
#1867<br />
92 SAMPRADA SINGH<br />
$1.2 B<br />
Pharmaceuticals<br />
India<br />
#1867<br />
80 SYBILL STORZ<br />
$1.2 B<br />
Medical Devices<br />
Germany<br />
#1867<br />
68<br />
WU YILING<br />
$1.2 B<br />
Pharmaceuticals<br />
China<br />
#1867<br />
63<br />
XIU LAIGUI<br />
$1.2 B<br />
Pharmaceuticals<br />
China<br />
#1867<br />
55<br />
VADIM YAKUNIN<br />
$1.2 B<br />
Pharmacy<br />
Russia<br />
#1756 - Leonard Schleifer<br />
Leonard Schleifer cofounded drugmaker<br />
Regeneron in 1988, and remains CEO of<br />
the Tarrytown, New York company.<br />
Schleifer took Regeneron public in 1991; he<br />
owns about 2% of the company.<br />
He attended Cornell on scholarship and<br />
dreamed of a medical career.<br />
Regeneron, ranked third on the Forbes list<br />
of the World’s Most Innovative Companies,<br />
has developed six FDA-approved medicines.<br />
#1999<br />
71<br />
CHIRAYU AMIN<br />
$1.1 B<br />
Pharmaceuticals<br />
India<br />
#1999<br />
61<br />
MEHMET AYDINLAR<br />
$1.1 B<br />
Hospitals<br />
Turkey<br />
#1999<br />
53<br />
LI TAN<br />
$1.1 B<br />
Pharmaceuticals<br />
China<br />
#1999<br />
66<br />
JOHN MARTIN<br />
$1.1 B<br />
Pharmaceuticals<br />
United States<br />
#1999<br />
52<br />
YVES-LOIC MARTIN<br />
$1.1 B<br />
Laboratory Services<br />
France<br />
#1999<br />
67<br />
SATISH MEHTA<br />
$1.1 B<br />
Pharmaceuticals<br />
India<br />
#1999<br />
64<br />
ANALJIT SINGH<br />
$1.1 B<br />
<strong>Healthcare</strong><br />
India<br />
#2124<br />
60<br />
MAURIZIO BILLI<br />
$1 B<br />
Generic Drugs<br />
Brazil<br />
#2124<br />
56<br />
JIANG WEI<br />
$1 B<br />
Pharmaceuticals<br />
China<br />
PHOTO BY VICTOR HUGO/PATRICK MCMULLAN VIA GETTY IMAGES<br />
44 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
FORBES MIDDLE EAST // BEIRUT DENTAL CLINIC<br />
A passion for dentistry keeps<br />
Dr Kalouche, founder of Beirut<br />
Dental Clinic, planning ahead.<br />
A specialized cosmetic and<br />
restorative dentist, high demand<br />
in Lebanon keeps his team busy.<br />
The Art Of A Perfect Smile<br />
When and why did you set up your clinic? Was it always your<br />
plan to become a dentist?<br />
In 1993, I took the first step towards my goal. Right after my<br />
graduation, I decided to open my first clinic in Lebanon. Being a<br />
dentist was always my goal, as it combines two different worlds:<br />
art and medicine. I’ve always been passionate about fine arts,<br />
so this combination was the perfect vision I had for my career,<br />
especially being a Prosthodontist.<br />
How much is the industry worth in Lebanon and why do you<br />
think it has grown in popularity?<br />
The market in Lebanon is a huge one, especially because we<br />
are known to be one of the leading countries when it comes to<br />
medical and dental tourism. We have Lebanese and international<br />
patients coming to us from all over the world due to the quality<br />
of services on offer, as well as the fair prices for which they can<br />
get their teeth done.<br />
Self-quality control also makes us one of the leading Middle<br />
East countries when it comes to dental expertise. Add to this the<br />
fact that with social media influencing people’s lives, patients<br />
care more nowadays about aesthetics, which of course widens<br />
our market as cosmetic dentists.<br />
What are some of the latest technologies changing cosmetic<br />
dentistry?<br />
New technology is always present in our clinic, and we’re proud<br />
to be the first fully digital clinic in Lebanon. We take care to<br />
always be the first to introduce new equipment and technologies<br />
at our clinic. In the late 90s, we were one of the first to introduce<br />
digital X-rays. And now, we are happy to introduce the latest<br />
version of digital intra-oral scanners (digital impressions),<br />
smile design and 3D scanners (CBCT). That way we can plan<br />
everything ahead of time for the patient with minimal risk of<br />
failure or modification in the treatment.<br />
How many international patients do you have and why do<br />
they travel to your clinic?<br />
Around 50% of our patients are foreigners and expats for many<br />
reasons. Our newest branch in Dbayeh, like my clinic in Verdun,<br />
is equipped with the latest technologies and we have a group of<br />
distinguished specialists to make sure our patients get the fastest<br />
and most efficient treatment. Not to mention that we are affiliated<br />
with a hotel located in the same building for people wishing to<br />
explore Lebanon and not just visit for dental treatment.<br />
What plans do you have for expansion?<br />
I always have plans for expansion. I started alone in 1993 in<br />
Jdeideh, then opened a new branch in Verdun, which is one of<br />
the busiest areas in Beirut, where my team started to expand to<br />
engage all the specialties. Now we are proud to have opened our<br />
new dental polyclinic in Dbayeh. We have future plans to expand<br />
outside Lebanon.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 45
GUIDE <strong>2018</strong> HEALTHCARE TECHNOLOGY<br />
On The Road To An<br />
Autonomous Future<br />
AI is being embraced across the world to speed up treatments<br />
and save lives, with many companies using intelligent<br />
algorithms to revolutionize our healthcare systems.<br />
By Dr. Sana Farid, CEO of Munfarid Consulting Co.<br />
During the second world war a great<br />
scientist broke a labyrinth code<br />
of a mechanical device, used by<br />
the German army to send coded<br />
messages. Its name was Enigma and the scientist<br />
who deciphered the mystery behind it was Alan<br />
Turing, a computer scientist, mathematician,<br />
logician, cryptanalyst, philosopher, and a<br />
theoretical biologist.<br />
With the help of his codebreaking<br />
machine, the British<br />
army was able to decode<br />
up to 4,000 messages a day,<br />
consequently leading to the end<br />
of the war. In an unprecedented<br />
display of intelligence, Turing<br />
had established how machines<br />
could be used intelligently<br />
to ease the human effort and<br />
benefit mankind. Since then,<br />
Turing and his love for machines<br />
have been widely acknowledged.<br />
Today, he is known as the father<br />
of modern computer science.<br />
The heroic tale of Turing’s<br />
work and his belief in the<br />
potential of a machine isn’t<br />
alienated from a modernday<br />
tech lover’s belief in<br />
Artificial Intelligence (AI). The<br />
developments in AI are much in<br />
sync with what the scientist had<br />
expected when he said, “What<br />
we want is a machine that can<br />
learn from experience.”<br />
AI advocates achieving<br />
human-level performance<br />
in cognitive tasks through<br />
intelligent behavior. We’ve all<br />
seen our devices perform a<br />
multitude of tasks efficiently.<br />
However, most of those are<br />
computed tasks. One step ahead,<br />
AI allows the amalgamation of<br />
human brilliance and machine<br />
excellence to predict future<br />
behaviors.<br />
If you’re friends with Alexa,<br />
Siri, Cortana and Watson, wait<br />
until you experience advanced<br />
AI. These renowned AI chatbots<br />
are just where the penetration<br />
of AI in our lives started. There’s<br />
a phenomenal progression<br />
happening in the field and<br />
healthcare is an important<br />
domain to discuss.<br />
Helping patients to get better access to<br />
premium health care, AI is improving diagnosis,<br />
treatment and the healing journey of many. It<br />
has a great potential to provide faster and safer<br />
care and many companies around the globe are<br />
harnessing its capacity to improve human life<br />
and save patients from life-threatening diseases.<br />
Many companies in the Middle East<br />
BY ROMASET / SHUTTERSTOCK.COM<br />
46 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
BY DROP OF LIGHT ; BY DROP OF LIGHT / SHUTTERSTOCK.COM<br />
SAMIR HUSSEIN/WIREIMAGE / GETTYIMAGES<br />
are showing an unparalleled speed of<br />
progress. In an evolving economic scene,<br />
governments are extending support in<br />
rebuilding the Middle East by focusing on<br />
modern autonomous technologies like AI,<br />
VR and AR.<br />
Among other future-focused Middle<br />
East countries, Dubai is keen to speed<br />
up government efficiency and enhance a<br />
creative environment by investing in AI,<br />
launching the U.A.E. Strategy for Artificial<br />
Intelligence in 2017. “The strategy is oneof-its-kind<br />
in the entire world to enhance<br />
government performance,” says Dr. Mazin<br />
Gadir, PhD MSc BEng, Senior Consultant<br />
and Advisor at The Executive Office for<br />
Organizational Transformation at Dubai<br />
Health Authority (DHA).<br />
Having recently signed an MoU<br />
between DHA and e-health and digital<br />
solutions provider, Agfa HealthCare,<br />
Gadir is now planning to use the<br />
partnership to implement AI for x-ray<br />
imaging. Agfa HealthCare’s Enterprise<br />
Imaging platform will use AI for fast<br />
Helping patients to get better<br />
access to premium health care, AI is<br />
improving diagnosis, treatment and<br />
the healing journey of many.<br />
image analysis, automated reports and<br />
improved clinical efficiency. The move will<br />
benefit patients on a day-to-day basis and<br />
revolutionize the way in which radiology<br />
imaging is done, generating automated<br />
reports for doctors and reducing the time<br />
taken for the overall process.<br />
AI is no longer a dreamy future, but a<br />
living reality, with the AI-age thriving on<br />
a mutually beneficial symbiosis between<br />
humans and machines. Here’s a roundup<br />
of some companies that are revolutionizing<br />
healthcare worldwide, dealing with the<br />
best of both worlds.<br />
Atomwise—Using AI for medical research<br />
and development, Atomwise predicts the<br />
future of potential medicines, significantly<br />
reducing the cost, time and effort of<br />
clinical trials. The company has discovered<br />
two drugs that may reduce Ebola<br />
infectivity, with the analysis of the drugs<br />
completed in less than a day, a process that<br />
usually takes months.<br />
BioBeats—With AI-based applications and<br />
tools, BioBeats uses intelligent algorithms to<br />
provide comprehensive insight and support<br />
to its users. Analyzing heart rate variability,<br />
brain function, sleep, and activity, users can<br />
spot harmful patterns in their lifestyles and<br />
make changes to improve productivity and<br />
lead a happier life.<br />
Careskore—This cloud-based predictive<br />
analysis platform determines the<br />
possibility of a patient being readmitted to<br />
hospital. Careskore garnered $4.3 million<br />
for financing in August 2016. The platform<br />
also notifies users about risks associated<br />
with their health.<br />
Enlitic—Using deep learning to analyze<br />
previously available data from radiology<br />
images and using it on new medical<br />
cases, Enlitic speeds up medical imaging<br />
analysis by up to 10,000 times, making it<br />
an important breakthrough for medical<br />
radiologists. It is 50% more efficient at<br />
analyzing malignant tumors and has no<br />
case of missed cancer detection, against 7%<br />
for humans.<br />
Google Deepmind<br />
Health—Google<br />
launched Deepmind<br />
Health to mine medical<br />
records. Able to process<br />
thousands of pieces of<br />
data within minutes,<br />
it uses AI to find new<br />
ways to diagnose<br />
disease. Partnering with hospitals, Google<br />
Deepmind ensures that data analysis is<br />
used for practical benefits, saving many<br />
human lives.<br />
IBM WatsonPaths—This new cognitive<br />
computer project takes physicians closer<br />
to technology, allowing a better analysis of<br />
data and electronic medical records. Using<br />
AI, physicians are able to make faster and<br />
more informed decisions. Also known as<br />
a doctor’s digital assistant, it is being used<br />
by medical students at Cleveland Clinic to<br />
solve medical case studies.<br />
Oncora Medical—Upgrading cancer<br />
research and treatment, this data analytics<br />
platform helps physicians develop<br />
sound radiation treatment programs for<br />
patients. Radiation oncologists can use an<br />
integrated digital database to regulate the<br />
amount of radiation for cancer treatment.<br />
This helps them to use past records and<br />
extend personalized support to every<br />
patient.<br />
Office Culture<br />
Unhealthy<br />
At the World Government Summit in<br />
February <strong>2018</strong>, Ariana Huffington,<br />
co-founder of The Huffington Post and<br />
CEO of Thrive Global, called on women<br />
to redesign their working lives and put<br />
an end to an office culture that rewards<br />
people for not taking care of themselves<br />
or their health.<br />
“We are working in a world where to<br />
be constantly ‘switched on’ is rewarded,<br />
where burnout equals success, where<br />
we forget to recharge ourselves but<br />
not our phones, where we take better<br />
care of our devices than ourselves, a<br />
world where we are losing sleep and<br />
our humanity—and this is clearly not<br />
working,” said Huffington.<br />
87%<br />
employees are disengaged at work<br />
Burnt-out employees are<br />
30%<br />
more likely to quit their jobs<br />
75%<br />
of all healthcare costs and issues<br />
are stress-related and therefore<br />
preventable<br />
Women in high-pressured jobs have a<br />
40%<br />
greater risk of heart disease and<br />
60%<br />
greater risk of diabetes<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 47
FORBES MIDDLE EAST // TURKEYANA CLINIC<br />
Be As You Like<br />
“Be as You like.” It’s a simple phrase. Maybe even a bit<br />
simplistic. But it is at the core of how we operate at Turkeyana<br />
Clinic. These four words dictate our strategy, our approach<br />
to service, and our approach to communications. Our goal<br />
is to be clear, transparent and straightforward.<br />
2017 was a remarkable year in the business world on<br />
many fronts. The global health tourism business is a $300<br />
billion market, which is expected to increase to $500 billion<br />
in the next three to four years; it will reach $1 trillion after<br />
2023.Turkey obtains revenue of $2.3-3 billion from health<br />
tourism, and the country is predicted to raise this figure to<br />
around $5 billion by 2020.<br />
Our company was one of the few that demonstrated<br />
outstanding growth in 2017. Why? Because “Be as you<br />
like.” are not just words on paper—they describe how we<br />
operate every day. We firmly believe that hours of hard<br />
work, lots of effort and commitment will bring any idea<br />
to life.<br />
Who We Are<br />
We are located in Istanbul Turkey, and carry out hair<br />
transplants, plastic surgery and cosmetic dentistry. Aiming<br />
for excellency, we took our first steps by choosing the best<br />
hospitals to work with, starting from the most beautiful<br />
state-run educational hospitals, to the first-class private<br />
hospitals, which are equipped with the latest medical<br />
technologies and highly-experienced medical teams and<br />
doctors.<br />
We vow to achieve the best results for our patients to<br />
exceed their expectations and provide exceptional medical<br />
care. Our patients’ satisfaction was, is and always will be<br />
our priority. A new look for a new life, “To be as You like.”<br />
Turkeyana aims to be the first choice that comes to<br />
mind whenever you think of a perfect vision of yourself. To<br />
see yourself differently and to have the confidence you’ve<br />
always sought. You matter, and it means a lot to us that you<br />
feel amazed whenever you look at yourself in the mirror<br />
48 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
and full of joy that your dreams have come true.<br />
We have expanded to 87 countries around the world,<br />
providing services through 100 professional consultants<br />
working 24/7 to answer all your questions and concerns in<br />
seven international languages. Turkeyana Clinic’s Medical<br />
Board Members are concerned with every detail that<br />
matters, trying to reach all your expectations to give the<br />
best results in beauty and health.<br />
With over 15 years of professional experience,<br />
today Turkeyana Clinic provides more than 15,000 free<br />
consultations every month for customers all around the<br />
world, and proudly offers more than 350 hair transplants,<br />
and carries out more than 70 plastic surgeries and 30<br />
cosmetic dentistry procedures, providing its services.<br />
Turkeyana Clinic aims to provide for your cosmetic<br />
needs, whether you’re looking for a hair transplant,<br />
plastic surgery or cosmetic dentistry. Hair transplants<br />
in Turkeyana Clinic are provided with the best and latest<br />
medical techniques, such as FUE, DHI and Robotic hair<br />
transplants. We also provide for all your needs in cosmetic<br />
dentistry, whether you’re looking for a Hollywood smile,<br />
dental treatment, or teeth implants, using the best Swiss<br />
and German materials, to give you the best results, beautiful<br />
looks and healthy teeth.<br />
In plastic surgery, we offer our cosmetic services in<br />
both surgical and non-surgical procedures.<br />
Non-surgical procedures—tsuch as Botox, fillers,<br />
mesotherapy, silhouette soft facelift, chemical peeling and<br />
plasma-rich platelet (PRP) treatment—tare considered to<br />
be one of the most critical choices in the cosmetic field and<br />
provides a beautiful solution for treatment that improves<br />
appearance and overall shape without the need for surgical<br />
operation. We also provide surgical procedures, such as<br />
facelifts, ear surgery, rhinoplasty, breast implants, breast<br />
augmentation, breast reduction, breast lifts, gynecomastia,<br />
abdominal surgery, abdominal etching, liposuction, tummy<br />
tucks, fat injection, butt reduction, butt augmentation and<br />
body lifts.<br />
Why do thousands of clients choose us?<br />
We give more than 500 personal and professional free<br />
consultations every day, looking after our clients’ health<br />
and giving them their dream looks. We can answer all your<br />
concerns and put your mind on ease, providing you with<br />
full-year medical care that puts you first and embraces your<br />
self- satisfaction as a priority.<br />
“Be as You like” is not just a couple of words on a paper.<br />
We mean it.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 49
GUIDE <strong>2018</strong> HEALTHCARE TECHNOLOGY<br />
Accuracy Matters<br />
Will robots and AI technology replace our<br />
surgeons in the future? Unlikely, but we’re happy<br />
they are around to guide them.<br />
By Inga Louisa Stevens<br />
Earlier this year, Mediclinic City Hospital in<br />
Dubai, U.A.E. conducted the first roboticassisted<br />
knee surgeries in the Middle<br />
East, using Artificial Intelligence (AI)<br />
technology to conduct the partial and total knee<br />
replacements on two patients. The private hospital,<br />
which is part of Mediclinic International, is one of<br />
many regional healthcare facilities taking part in<br />
a growing trend of investment into future AI tools<br />
that will add precision and accuracy in surgery.<br />
The uptake in the use of cutting-edge surgical<br />
robots and the increasing application of AI<br />
technologies in healthcare has been very visible,<br />
particularly in the U.A.E., since the launch of the<br />
U.A.E. Strategy for Artificial Intelligence in 2017;<br />
a major initiative within the U.A.E. Centennial<br />
2071 objectives. The strategy aims to make<br />
the country a world leader in the field of AI<br />
investments in healthcare in order to minimize<br />
chronic and dangerous diseases. The U.A.E<br />
has also appointed its first AI minister to<br />
implement this vision.<br />
For Dr Ali Al Belooshi,—who along with<br />
his colleague Dr Saeed AlThani, both consultant<br />
orthopaedic surgeons at Mediclinic City<br />
Hospital, conducted the robotic-assisted knee<br />
surgeries—while the technical question we<br />
should be asking ourselves is “Do we control<br />
surgical variables with a robot?”, the essential<br />
question is whether or not the control of these<br />
variables actually impacts clinical outcomes for the<br />
patients. “After all, in surgery, it is accuracy that<br />
really matters,” he explains.<br />
The numbers back him up. Recent studies are<br />
demonstrating superior short-term survivorship for<br />
robotic-assisted partial knee replacement, with only<br />
a 1% revision rate at two years after operation (four<br />
times lower than that of conventional techniques).<br />
As well as short-term functional gains when<br />
compared to manually-implanted partial knees,<br />
studies show that patients have less pain in the<br />
first 60 days after the procedure compared to the<br />
conventional technique.<br />
BY SCIENCE PHOTO / SHUTTERSTOCK.COM<br />
50 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
“Using a robotics-assisted hand piece<br />
such as the NAVIO Surgical System enables<br />
a surgeon to plan the surgery accurately<br />
intraoperative, position the implants,<br />
and reduce the risk of errors during the<br />
procedure while decreasing the length of<br />
time it takes for a patient to recover,” says<br />
Dr Al Belooshi.<br />
“The future of health and science is<br />
going to revolutionize the way surgeons<br />
like myself work, as technology like this<br />
will help us be at the forefront of research<br />
and education when it comes to the science<br />
of knee replacement surgery. Also, we can<br />
provide this cutting-edge technology to<br />
our patients so they do not need to travel<br />
abroad seeking such services.”<br />
The NAVIO Surgical System, created<br />
by Smith & Nephew, works in conjunction<br />
with the surgeon’s hands to achieve the<br />
precise positioning of the knee implant<br />
based on each patient’s unique anatomy.<br />
This added level of accuracy can help<br />
improve the function, feel and potential<br />
longevity of the partial knee implant. It<br />
provides robotic assistance through an<br />
advanced computer program that relays<br />
precise information about the patient’s knee<br />
to a robotics-assisted hand piece used by the<br />
surgeon during the procedure. By collecting<br />
patient-specific information, boundaries<br />
are established for the hand piece so the<br />
surgeon can remove the damaged surfaces<br />
of the knee, balance the joint, and position<br />
the implant with greater precision.<br />
Today’s medical robots have come<br />
a long way from the bulky pieces of<br />
equipment that were hard to manipulate<br />
and took up enormous amounts of space<br />
in the surgical theatre. Dr Rolf Hartung,<br />
who is the medical director of Mediclinic<br />
City Hospital, explains: “I have worked with<br />
robots in the past that looked completely<br />
different—they looked similar to robots<br />
used in the car industry. They disappeared<br />
from the market, as there was not enough<br />
volume of surgery in those days. Today,<br />
our surgeons have conducted hundreds<br />
of successful surgeries using these new,<br />
incredibly sophisticated robots to guide<br />
them and now that the market is open,<br />
smaller robots and other robotic-assisted<br />
tools could be developed to be used by the<br />
surgeons in the future.”<br />
Will AI eventually replace human<br />
physicians in the future? According to<br />
Hartung, the master-slave system ensures<br />
that this will never be the case. “The master<br />
is still the surgeon; the human takes the<br />
decision and uses AI to end up with a better<br />
outcome. The technology allows us to be<br />
more precise.”<br />
From a regulators point of view, it is<br />
not about investing in technology just for<br />
the sake of investing in it—it has to add<br />
value. “This means improving patient<br />
satisfaction, reducing pain, reducing cost<br />
and improving the clinical outcome and<br />
overall patient experience. So if a surgery<br />
costs the same while actually improving<br />
outcomes, this is the ultimate goal from a<br />
regulatory perspective,” says Dr Haider Al<br />
Yousuf, director of public health funding at<br />
the Dubai Health Authority.<br />
The direction of the government is very<br />
clear—it is for Dubai to be one of the best<br />
health systems in the world. “You cannot<br />
get there by following. You have to lead,<br />
innovate and challenge the norms. You need<br />
to actually leap ahead,” adds Al Yousuf.<br />
For private medical technology<br />
companies such as GE <strong>Healthcare</strong>, their<br />
focus is on Applied Intelligence. This is a<br />
step away from a general AI approach by<br />
taking a very specific problem statement<br />
such as solving the needs of a hospital and<br />
the patients. “For example, as a radiologist,<br />
I am looking at an X-ray scan, and I am<br />
asking the AI if this particular area of<br />
the lung looks normal. So it is a very<br />
specific application of a general artificial<br />
intelligence. This allows us to focus our<br />
energy and to reduce the amount of data<br />
generated to concentrate on that particular<br />
outcome,” says Rajat Karol, who is the<br />
general manager of GE <strong>Healthcare</strong> Digital,<br />
Eastern Growth Markets & Africa.<br />
In fact, GE’s new strategy for <strong>2018</strong><br />
is Precision <strong>Healthcare</strong>—how to make<br />
healthcare more precise. According to<br />
Karol, medicine today is like throwing<br />
darts at a board and seeing what sticks,<br />
which he explains can be harmful from a<br />
patient perspective, and from a healthcare<br />
provider’s perspective can lead to<br />
unnecessary expense.<br />
“We are using AI to create products<br />
that allow you to accurately and efficiently<br />
diagnose, but causes minimum harm,”<br />
Karol explains. “This is our whole model<br />
of Applied Intelligence and we are trying<br />
to apply it to make our products work in<br />
the best possible way, to provide the best<br />
possible outcome.”<br />
INNOVATORS<br />
WebTEB<br />
Medical And Health<br />
Information Platform<br />
Founder: Majed Abukhater,<br />
Mahmoud Kaiyal<br />
Funding: $7M<br />
Country: Palestine<br />
Founded: 2011<br />
Investors: Siraj Palestine Fund,<br />
Middle East Medical Technology,<br />
Middle East Venture Capital<br />
Palestine-based WebTeb is<br />
an online medical and health<br />
information platform. The startup<br />
provides comprehensive healthrelated<br />
information in Arabic,<br />
connecting users to healthcare<br />
providers such as doctors,<br />
clinics, hospitals, pharmacies,<br />
pharmaceutical and insurance<br />
companies. Co-founded by<br />
Mahmoud Kaiyal and CEO Majed<br />
Abukhater in 2011, WebTeb<br />
has to date raised $7 million in<br />
funding.<br />
Personal Note<br />
Before co-founding WebTeb,<br />
Majed Abukhater worked<br />
with Uber and was their first<br />
employee in the Middle East,<br />
launching operations in the<br />
U.A.E. and Saudi Arabia.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 51
GUIDE <strong>2018</strong> HEALTHCARE TECHNOLOGY<br />
Mobile Medicine<br />
Telehealth tools are starting to bring our GPs to our telephones, and<br />
unsurprisingly it’s the start-up ecosystem leading the charge.<br />
By Marwan Abdulaziz Janahi*<br />
With technology increasingly<br />
dominating our lives, we often find<br />
ourselves trying to decipher a barrage<br />
of new buzzwords. One of these is ‘telehealth’. Not<br />
only does this term remain an enigma to most<br />
of us, but more significantly we are yet to figure<br />
out how to take advantage of its enormous and<br />
enabling implications that promise to transform<br />
our lives.<br />
From healthcare advisory to virtual imaging<br />
and enabling CT scans to be reviewed remotely,<br />
through to patient diagnosis, videoconferencing<br />
and monitoring, we already have access to an<br />
arsenal of cutting-edge telehealth tools that could<br />
soon become integral aspects of a patient’s journey<br />
to good health.<br />
In the most basic sense, telehealth or<br />
telemedicine is described as “the provision<br />
of healthcare remotely by means of<br />
telecommunications technology”. Given its<br />
*Marwan is the Executive Director of Dubai Science Park and chairing Member of the Pharmaceuticals and Medical Equipment Taskforce of the Dubai Industrial Strategy 2030.<br />
BY VERBASKA / SHUTTERSTOCK.COM<br />
52 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
considerable potential, it is no surprise<br />
that entrepreneurs in the U.A.E., and<br />
elsewhere in the world, are keen to tap<br />
into this global $4.5 billion market,<br />
riding the wave of the “connected care”<br />
revolution.<br />
A recent report by Deloitte found<br />
that globally the uptake for telehealth<br />
is on the rise and that by <strong>2018</strong>, 65% of<br />
interactions with healthcare facilities<br />
will occur via mobile devices. Some<br />
80% of doctors already use smartphones<br />
and medical apps in the provision of<br />
healthcare. On paper, this seems like a<br />
marriage made in heaven.<br />
So, on one hand, we have the<br />
innovators that continue to bring<br />
apps to the marketplace, and on the<br />
other we see healthcare providers and<br />
large corporates eager to use the most<br />
advanced platforms to improve their<br />
patient and customer experiences by<br />
offering healthcare services at the click<br />
of a button.<br />
Encouragingly, at the same time,<br />
we also find ourselves becoming<br />
increasingly tech-savvy, enjoying<br />
unprecedented rates of internet<br />
penetration, which holds particularly<br />
true for Dubai where internet<br />
penetration rates are said to exceed 90%.<br />
This is further amplified by the fact that<br />
most of us not only own one, but two<br />
smartphones.<br />
Given this bright prospect, why is it<br />
that we are still consulting our general<br />
practitioner for minor illnesses? Why<br />
are we still finding ourselves stuck in traffic on the way to<br />
hospital after work? Why are we still spending considerable<br />
time in Dubai’s immaculate waiting rooms?<br />
The answer is simple. We are yet to hear about the pathbreaking<br />
services that are out there.<br />
Telehealth will continue to improve patient services<br />
across the board, and <strong>2018</strong> will most likely be the year when<br />
virtual doctors go mainstream. The proliferation of online<br />
health portals and mobile health apps will enable people to<br />
access medical advice from home or from the office through<br />
their laptops, tablets or smartphones. As technologies<br />
mature, patients will have the option to connect with a wide<br />
range of healthcare professionals without leaving the house.<br />
This will hopefully help increase early diagnosis of medical<br />
conditions, as people are less likely to procrastinate in<br />
contacting a virtual doctor than a real-life one.<br />
This belief was reinvigorated recently when Dubai<br />
Science Park hosted one of its regular business partner<br />
breakfasts in partnership with in5, a start-up incubator<br />
GLOBAL STATISTICS<br />
Worldwide revenue for telehealth<br />
devices and services was<br />
$4.5 billion<br />
in <strong>2018</strong><br />
The number of patients using<br />
telehealth will rise to<br />
7 million<br />
in <strong>2018</strong><br />
60%<br />
of U.S. millennials are interested<br />
in telehealth<br />
6 BENEFITS OF<br />
TELEHEALTH<br />
Immediate access to specialised<br />
consultation<br />
Reduces the transfer time of<br />
patients to hospital<br />
Saves travel time for patients and<br />
professionals<br />
Reduces cost of healthcare<br />
Increases patient satisfaction with<br />
services<br />
Doctors can consult with multiple<br />
specialists through Dubai<br />
RoboDoc<br />
According to issue 72 of Better Health, a report<br />
conducted by Dubai Health Authority (DHA)<br />
and Government of Dubai (<strong>2018</strong>).<br />
launched by TECOM Group, with the<br />
aim of bringing together stakeholders<br />
from the government, academia and<br />
industry to discuss the latest trends in<br />
life-science, energy and environment<br />
sectors.<br />
Presenting at the event was Ahmad<br />
Al-Hidiq, co-founder of HeyDoc!,<br />
a Dubai-based and in5 incubated<br />
healthcare startup, offering a health<br />
communications platform that connects<br />
patients struggling with non-urgent<br />
health issues with doctors.<br />
The startup founder, which facilitates<br />
online medical advisories for fees<br />
ranging between $20-$40 per advisory,<br />
noticed that patients have created<br />
informal communications channels with<br />
doctors and practitioners by phone,<br />
email or via WhatsApp messages for<br />
medical advice and to gain second<br />
opinions.<br />
The app, which seeks to<br />
streamline these channels through<br />
a communications platform, allows<br />
patients to share content across text<br />
messages, images, voice and video<br />
notes with qualified doctors all over<br />
the world. The results are impressive.<br />
The startup found that 78% of queries<br />
could be solved without the patient ever<br />
stepping into a practitioner’s office or a<br />
hospital. Unsurprisingly, the startup has<br />
a global focus and is transferable to all<br />
geographies, allowing doctors and users<br />
from around the world to connect with<br />
one another.<br />
Ensuring a global reach as a telehealth provider<br />
makes perfect sense when looking at the numbers. Dubai<br />
Health Authority estimates that the worldwide revenue for<br />
telehealth devices and services will reach the $4.5 billion<br />
mark in <strong>2018</strong>, and the number of patients using these<br />
services will rise to seven million—with millennials leading<br />
the charge.<br />
The benefits of increasing our adoption of telemedicine<br />
across the healthcare spectrum are clear. Patients now can<br />
have instant access to specialised consultations and subject<br />
matter experts. It reduces costs for hospitals and insurers,<br />
saves travel time, increases patient satisfaction and reduces<br />
the overall healthcare burden on the government and<br />
employers. And, this is still only the beginning.<br />
Dubai is fostering an environment that is conducive<br />
to business growth and enables start-ups to flourish and<br />
maximise their potential at every stage of their life cycle. As<br />
the number of telehealth start-ups increases, Dubai and the<br />
U.A.E can join the global conversation on telehealth.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 53
GUIDE <strong>2018</strong> HEALTHCARE THOUGHT LEADER<br />
AI And Robotics Roadmap<br />
With any transformation, the first step<br />
is realization and acceptance of the<br />
need to change. The next—and more<br />
complex—step is to successfully implement<br />
that change. The adoption of the technological<br />
opportunities offered by Artificial Intelligence<br />
(AI) in healthcare is no different.<br />
In the Middle East, we’ve seen that over 65%<br />
of people are open to the use of AI and robotics<br />
to cater to many of their healthcare needs. This<br />
sends a clear and positive message that the<br />
public is ready to embrace the advancements in<br />
technology that are here now in order to obtain<br />
better and more personalized care.<br />
The public’s readiness raises new questions<br />
to a different audience: healthcare business<br />
leaders. If the readiness to embrace AI and<br />
robotics in healthcare exists, and the landscape<br />
for doing so is favorable, what are healthcare<br />
leaders doing to embrace and positively<br />
lead this disruption? And how can they<br />
ensure changes to their organizations will be<br />
implemented smoothly, safely, successfully and<br />
in a way that retains public faith in something<br />
that will radically change the face of health<br />
provision forever?<br />
These are questions that must be addressed<br />
quickly, because the world will not stand still<br />
on the adoption of AI and robotics, and it is<br />
making headway. Research by CBI Insights<br />
found that some of the world’s top 100 AI<br />
startups—the AI 100—had already raised a<br />
combined $11.7 billion in equity funding last<br />
year alone. In healthcare specifically, investors<br />
had poured over $1.79 billion in acquisitions<br />
and funding for 106 AI startups in healthcare<br />
in the first quarter of 2017. In trying to<br />
understand the business readiness of healthcare<br />
leaders in the region, we have seen that while<br />
over 60% of leaders think AI and robotics<br />
will have a major impact on their business<br />
in 10 years, less than 20% are actually doing<br />
something about it.<br />
Powered with the knowledge that the public<br />
is ready, and with a young, digitally-connected<br />
and adept population, our region is in a unique<br />
position to capitalize on AI and robotics in<br />
healthcare and has been given new hope to<br />
tackle some of the biggest obstacles facing the<br />
health sector, including the struggle to attract<br />
and retain a sustainable clinical workforce. The<br />
pace and agility of healthcare leaders’ response<br />
to the opportunities presented before them will<br />
determine whether they will be paving the way<br />
for others or end up playing catch up.<br />
The need for ‘now’ has led us to build on<br />
our thought leadership from last year. Through<br />
new research we have identified seven key areas<br />
that healthcare businesses need to consider<br />
if they are to successfully implement AI and<br />
Robotics.<br />
These allow us to actualize the impact of<br />
these technological advancements, making<br />
what we once considered virtual, our new<br />
reality.<br />
Leadership and Culture: Transformation<br />
requires the shedding of legacy thinking. To<br />
truly embrace AI, healthcare leaders have to<br />
understand technology and be capable of using<br />
it. They have to look forward and see what is<br />
possible, not over their shoulder at what was<br />
done before. They must embrace big data and<br />
be decisive in decision making. They must<br />
never lose sight of the need for compassion and<br />
emotional intelligence to remain immovable<br />
pillars of true healthcare. And even if they have<br />
all these qualities, they have to create a culture<br />
that is supportive of it.<br />
Workforce Transformation: Physical<br />
environments will change. New ways of<br />
working will have to be embraced. Workers<br />
will have to be prepared to learn new skills and<br />
recognize which tasks cannot be replicated by<br />
machines. Crucially, this transformation has to<br />
embed the message that AI has the potential to<br />
be a job-creator, not a job-taker, and open the<br />
HAMISH CLARK, PARTNER, MIDDLE EAST HEALTH INDUSTRIES AT PWC<br />
54 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
Research has shown that<br />
patients are ready and<br />
willing to let robots into<br />
theatre.<br />
BY MASTER VIDEO / SHUTTERSTOCK.COM<br />
door to increased efficiency, greater focus on pure patient care,<br />
and skills development.<br />
Clinical Effectiveness: <strong>Healthcare</strong> providers must target their<br />
AI and robotics investments into areas that bring the greatest<br />
patient benefit, not just through analyzing successful examples<br />
of implementation, but assessing their transferability, and<br />
capitalizing on the opportunity that Big Data offers to increase<br />
patients’ involvement in determining their own care pathways.<br />
Commercial Investment: AI has the potential to add<br />
trillions of dollars to the global economy through increasing<br />
productivity and catalyzing shifts in consumer demand and<br />
behavior. But companies can only translate AI into financial<br />
gain if they define how to use it to drive growth, provide new<br />
services, and improve the overall customer experience. In<br />
investment terms, they must know where to start, and what<br />
their endgame is.<br />
Public Readiness: As our research has shown, Middle East<br />
patients are willing to see AI integrated into healthcare. But<br />
healthcare providers have to understand the drivers of this<br />
attitude, the specific areas in which people hope or expect<br />
AI to benefit them, the desire not to lose healthcare’s human<br />
touch, and the imperative of retaining trust in transformation.<br />
Regulation: Even if healthcare businesses can match AI’s pace,<br />
regulation can be left lagging. As providers recognize how to<br />
protect themselves in the interim, Middle East governments<br />
have a chance to set a global benchmark for the promotion of<br />
patient safety and the encouragement of innovation. A balance<br />
between dynamism and good governance has to be struck.<br />
Ethics and Confidentiality: While healthcare providers need<br />
to be agile in the integration of AI, they cannot afford to lose<br />
sight of the need to avoid bias, protect social equality, build<br />
trust through transparency, and consider the consent clauses<br />
they will build into their systems in order to fully use future<br />
AI technologies.<br />
AI comes with a lot of hype but none of it unsubstantiated—<br />
in fact, it represents a $320 billion opportunity for the region. It<br />
represents not only one of the most potentially radical drivers<br />
of change that the region has ever experienced, but also one of<br />
the most exciting. But behind this excitement is the reality—the<br />
reality of integration, implementation, checks and balances,<br />
data analysis, strategy definition, investment focus, workforce<br />
management. If AI and robotics are the gleaming bodywork, the<br />
seven themes outlined here are the engine that gives it direction<br />
and purpose.<br />
Public willingness to embrace AI and robotics as a central<br />
strand of the future of healthcare is clear across the Middle<br />
East. If the region’s healthcare businesses are to ensure this is<br />
a lasting perspective, rather than an ephemeral one, they will<br />
have to recognize, understand and be tested by the machinery<br />
of unprecedented transformation.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 55
GUIDE <strong>2018</strong> HEALTHCARE LIFESTYLE<br />
Be Well,<br />
Be Successful<br />
Making small changes to your<br />
routine can have a profound<br />
influence on energy levels and<br />
general health, which will naturally<br />
boost performance in the office.<br />
Nutrition and environment are two<br />
things to be aware of—but always<br />
consult a doctor regarding any diet<br />
or lifestyle changes.<br />
By Tim Garrett, Founder of Corporate Wellness Co.<br />
Corporate wellness has fast been gaining popularity<br />
across the world, with some forecasts estimating that<br />
it will become an $8 billion market globally by the end<br />
of <strong>2018</strong>. Although still small, the MENA corporate wellness<br />
market has experienced 40% year-on-year growth over the last<br />
three years, picking up $11 million of the market share.<br />
Working in the Middle East has its own unique and varied<br />
stressors for the businesspeople based here, including being<br />
away from extended families and long working hours. However,<br />
one of the biggest issues is stress. This can come from one or<br />
a combination of sources, and lead to problems such as an<br />
underactive thyroid, hormone imbalance or adrenal fatigue.<br />
If you can reduce your stress levels and control your diet, your<br />
healthy hormones will increase, and that’s the foundation for a<br />
long, healthy life, free from disease. The inherent problem is that<br />
business leaders in the region are doing the exact opposite, and<br />
that can have a profound effect on one’s energy and focus, as well<br />
as making them vulnerable to anxiety and depression.<br />
Keeping an eye on and taking care of your thyroid is a<br />
powerful tool. The thyroid hormones are incredibly protective,<br />
acting as a switch for nearly every health process in the body.<br />
A low thyroid, typically known as chronic fatigue syndrome,<br />
can be a real problem. However, it is possible to boost thyroid<br />
hormones through a controlled diet. There are certain musthave<br />
ingredients that should be consumed to produce adequate<br />
thyroid hormones. Without them a process can begin whereby<br />
the stress hormones cortisol and adrenaline are produced,<br />
which kill the body’s tissues while creating sugar to manufacture<br />
thyroid hormones.<br />
To begin with make sure you get enough cholesterol from<br />
saturated fat. Great examples of this are beef, lamb, milk, eggs,<br />
cheese, coconut oil, butter and ghee (especially if organic<br />
because the fat in these foods will be clean and nontoxic).<br />
Also, getting enough quality, easily-usable sugar is an energy<br />
boosting practice that can deliver quick results. When sugar is<br />
used by cells without causing an unhealthy blood sugar spike<br />
or a build-up of endotoxin in the gut, it can boost energy and<br />
performance. Three great sources of easily-usable sugar are<br />
high-quality orange juice, red grape juice and tropical fruits.<br />
These juices not only have a lot of easily-usable sugar, but<br />
also potassium, which can be more powerful than insulin<br />
in helping the body use sugar effectively. Enough protein—<br />
around 80 grams a day (equivalent to two chicken breasts)—<br />
from a source that doesn’t cause an overproduction of<br />
endotoxin in the gut is another essential ingredient, with the<br />
best sources being gelatine, beef, lamb, milk, eggs or cheese.<br />
The right nutrients are the building or repair blocks for<br />
a body that is bombarded by stress all day, but there are<br />
also some external factors that can be considered to create<br />
a healthy and happy office. The outdoors and activity are<br />
vital, so get a view of nature or the outside world if possible<br />
or go for a walk at lunchtime. If this is not possible, having<br />
pictures of nature, the desert or animals in the office has<br />
been shown to boost productivity and decrease sick days;<br />
natural materials like green walls and exposed wood have<br />
been shown to have the same effect. And stimulate exercise<br />
by putting signs near the entrance to the stairs encouraging<br />
their use.<br />
BY FIZKES / SHUTTERSTOCK.COM<br />
56 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 57
GUIDE <strong>2018</strong> HEALTHCARE THOUGHT LEADER<br />
Clinical Decision Support Systems<br />
In The Era Of AI<br />
Would you be happy to fly in a plane<br />
without a pilot? Or travel in a<br />
driverless car? Would a human<br />
backup make any difference in your comfort<br />
level? Apply the same thought to healthcare. How<br />
comfortable would you be under a completely<br />
autonomous surgical blade? Now compare this to<br />
an overworked, sleep deprived human surgeon, at<br />
the end of a 24-hour shift.<br />
Fatigue has been recognized as a problem in<br />
the healthcare industry for a long time. Clinicians<br />
are overworked, understaffed, sleep deprived,<br />
and they are working in a very challenging<br />
environment, making hundreds of split-second<br />
decisions that will impact people’s lives every day.<br />
Not to mention the very complex nature of what<br />
they deal with—the human body.<br />
While healthcare cannot yet be completely<br />
autonomous, technology plays a major role today<br />
in improving outcomes, increasing safety and<br />
reducing the cost of care. If we look at the primary<br />
source of fatigue in clinicians, it’s not just about<br />
long hours of work, or short hours of sleep. It’s also<br />
decision fatigue. Here is where computer software<br />
can bring a lot of value as a clinical decision<br />
support system.<br />
In its most basic form, clinical decision<br />
support (CDS) provides clinicians, staff, patients<br />
and other individuals with knowledge and personspecific<br />
information, intelligently filtered or<br />
presented at appropriate times, to enhance health<br />
and healthcare. Examples are reminders, alerts and<br />
evidence links embedded within the electronic<br />
medical record in various workflow points to<br />
guide the clinician’s decision-making process.<br />
A more advanced form of such systems is the<br />
analytical form. Where many of the Radiology<br />
Information Systems contain post-acquisition<br />
analysis modules that can spot pathology, perform<br />
3D reconstruction of 2D images, and even analysis<br />
ECG waveforms to provide interpretation.<br />
The form that takes CDS to the next level,<br />
is providing various levels of recommendations,<br />
a suggested course of action and interactive<br />
assistance personalized to the patient’s condition.<br />
When physicians document a finding, CDS<br />
would suggest a diagnosis. When they document<br />
a diagnosis, the system would suggest a treatment<br />
plan. How the suggestion is made, and whether<br />
it’s only a proposal pending human approval, or<br />
an actual automatic ordering of management, is<br />
a debate.<br />
Some CDSs can also monitor the patient’s vital<br />
signs and other clinical assessments and highlight<br />
subtle changes in the patient’s condition that a<br />
human can miss. It would guide the clinicians<br />
through the assessment process, start to finish,<br />
and provide recommendations at the end. Other<br />
tools provide guided management of complex<br />
conditions across multiple visits, medical services<br />
and disciplines, to facilitate multiple clinicians<br />
providing care tailored to the patient’s condition,<br />
progress and response to treatment.<br />
At the end, the most important decision<br />
such systems should support, is how to make<br />
them better. Such systems provide a wealth of<br />
information, such as what recommendations<br />
were given to the clinicians? How were they<br />
given? Did the human provider override the<br />
recommendations? And finally, what was the<br />
outcome of the decision? This needs to feed back<br />
into machine learning algorithms and artificial<br />
intelligence modules to learn, grow and design<br />
future systems that are faster, safer, more accurate<br />
and able to provide better decision support to<br />
clinicians.<br />
We’ve seen very advanced AI modules in areas<br />
like, aviation, transportation, finance and even<br />
gaming and entertainment industries that learn,<br />
evolve and excel on their own. When are we going<br />
to see an equivalent investment in the use of AI in<br />
healthcare?<br />
DR NADER ELSHEHABI, PHYSICIAN EXECUTIVE, CERNER MIDDLE EAST & AFRICA<br />
58 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
SUBSCRIBE NOW!<br />
Please send an SMS with the word ‘subscription’ to<br />
+971 50 1007621<br />
or email us at subscription@forbesmiddleeast.com<br />
FOR ADVERTISING INQUIRIES<br />
Contact us at<br />
+971 4 4408975<br />
or send us an email at advertising@forbesmiddleeast.com<br />
www.forbesmiddleeast.com<br />
ALSO AVAILABLE ON THE APP STORE<br />
@ForbesMEEnglish<br />
@ForbesME<br />
forbesmiddleeast<br />
@ForbesME<br />
@Forbesmiddleeast<br />
/+Forbesmiddleeast<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 59
GUIDE <strong>2018</strong> HEALTHCARE LIFESTYLE<br />
The fact that we live in a society<br />
suffering from the results of<br />
unhealthy diets and lack of<br />
activity can be seen in the<br />
rising cases of lifestyle-related illnesses<br />
witnessed every year. What is more<br />
alarming is the increasing incidences of<br />
chronic diseases in children, stemming<br />
from a faulty diet, lack of exercise, and an<br />
overall negligence towards keeping good<br />
health and hygiene. Childhood obesity,<br />
for instance, affects more than 41 million<br />
children worldwide and is forecasted to<br />
reach 70 million by 2025. Similarly, cases of<br />
type 1 and type 2 diabetes are also on the<br />
rise among children and teens. However,<br />
health studies worldwide show that 80% of<br />
health problems are preventable by simply<br />
following a structured diet and an active<br />
lifestyle.<br />
For a child to achieve its full potential<br />
and lead a productive and satisfying life,<br />
it is important that they score well on<br />
health, nutrition and education quotients.<br />
Investing in children’s physical, emotional<br />
and mental wellbeing today will ensure<br />
a far healthier society in future. Good<br />
health and nutrition not only instills<br />
positivity among children but also leads<br />
to better performance and productivity<br />
both inside and outside the classroom. For<br />
a sustainable future it is essential to create<br />
a strong and safe environment, free of<br />
negative vibes and illnesses. Studies have<br />
proven that unhealthy children are more<br />
prone to diseases when they grow older.<br />
This is why inculcating the importance of<br />
health and wellness at a young age can go a<br />
long way, as the younger the age the deeper<br />
the impact.<br />
Health education is an essential tool to<br />
build the mindset among young children,<br />
making health and wellness not an option<br />
but a regular code of life for them. It<br />
highlights the positive effects of physical,<br />
mental, emotional and social health and its reflection on<br />
society as a whole, and encourages them to stay fit, work on<br />
their health and avoid diseases. In short, it promotes a healthy<br />
lifestyle and prevents diseases. Moreover, health education<br />
and implementation prepares youngsters for wiser, healthier<br />
choices when they grow up.<br />
This can only become possible with a holistic involvement<br />
of children, educational institutions and policy makers. Schools<br />
in particular play an essential role, as it is where children spend<br />
a significant portion of their day. Health promotion activities<br />
within school premises arm young minds with knowledge<br />
Arming<br />
Children For A<br />
Healthier Future<br />
As the region continues to see rising numbers of<br />
lifestyle-related diseases such as diabetes and obesity,<br />
what more should we be doing to ensure that our<br />
bad habits are not passed on?<br />
By Dr Raza Siddiqui, CEO of Arabian <strong>Healthcare</strong> Group<br />
and skills regarding their own health and help to build a more<br />
positive attitude towards the subject. Thematic research has<br />
also proven that school-based health and nutrition learning not<br />
only improves academic performance but reduces absenteeism<br />
among students.<br />
While a school provides the infrastructure to promote<br />
health education, it is the cohesive responsibility of many<br />
other institutions to bring about a physical change, particularly<br />
in under-developed countries. UNESCO’s FRESH initiative<br />
(Focusing Resources on Effective School Health) is one such<br />
example, where good health and a safe and secure physical and<br />
BY ALTANAKA / SHUTTERSTOCK.COM<br />
60 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
psychosocial environment in schools is reinforced by other<br />
strategies, such as the availability of safe water and sanitation<br />
and skills-based health education. Another essential factor<br />
is the quality of trained health education teachers for a more<br />
significant output.<br />
Schools need to empower students with health-wellness<br />
programs and health education, motivating them to take<br />
what they have learnt back into their homes where it can be<br />
extended to other members of the household. Besides teaching<br />
the theoretical importance of a healthy lifestyle, students<br />
should be encouraged to follow the teaching practically,<br />
by bringing in healthy lunches.<br />
Similarly, schools that serve<br />
meals should adhere to healthy<br />
nutritional guidelines issued by the<br />
authorities concerned, to ensure ,<br />
they are providing nutritious food.<br />
On a larger scale, the<br />
community involvement in<br />
promoting health education cannot<br />
be stressed enough. UNESCO’s<br />
FRESH framework advocates<br />
partnerships between the health<br />
and education sectors, schools and<br />
community groups, teachers and<br />
health workers, and interaction<br />
between students and authorities<br />
involved in implementing school<br />
programmes. Regular workshops<br />
are another great motivation to<br />
creating awareness, along with<br />
newsletters and quizzes.<br />
Health screening can also be an<br />
important aspect where educational<br />
institutions can play an important<br />
role. Dental problems, rising sugar<br />
levels and weakening eyesight<br />
due to low standards of general<br />
hygiene fall under this category,<br />
and regular screening serves as a<br />
warning to both students and their<br />
parents to rectify the health issue<br />
before it gets out of hand. Schools<br />
can help monitor and manage the<br />
pre-existing ailments and prevent<br />
the lifestyle-oriented diseases from<br />
escalating.<br />
In view of the importance of<br />
health education, the SAHI-School<br />
Health Program was launched in<br />
the U.A.E. in 2012, motivating<br />
students to improve overall<br />
health, hygiene and wellbeing<br />
through conscious changes in<br />
behavior, habits and attitude.<br />
Working in tandem with schools<br />
across the U.A.E., the program encompasses regular health<br />
checks, medical checks, health education and activities in the<br />
school, addressing student health concerns such as nutritional<br />
disorders, fitness issues, oral health and risk behaviors by<br />
teaching students to embrace healthier habits that will endure<br />
for life. So far SAHI has undertaken health-wellness programs<br />
covering approximately 4,000 students from various schools.<br />
By teaching our children positive habits and giving them<br />
the knowledge and awareness to take care of their health and<br />
wellbeing, the lifestyle diseases plaguing the current generation<br />
could be a thing of the past for the next.<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 61
GUIDE <strong>2018</strong> HEALTHCARE LIFESTYLE<br />
Destination<br />
<strong>Healthcare</strong><br />
The numbers of tourists travelling<br />
overseas for the sole purpose of obtaining<br />
healthcare treatment is rising, although<br />
it’s unclear how rapidly. The U.A.E. is<br />
determined to lead the market<br />
By Subodh Panangatt, Head of <strong>Healthcare</strong> & Education<br />
Consulting at GRMC<br />
With no authoritative data on the exact numbers<br />
of medical tourists travelling between<br />
countries and continents, there remains some<br />
disagreement about the current size of the<br />
industry. Most available data on medical travel is of poor<br />
quality, with sources often lacking details about how estimated<br />
figures were calculated. There are also variations in the<br />
definition of medical travellers and a lack of agreed methods<br />
for data collection. However, there is a general consensus that<br />
the industry has flourished over the past decade and that this is<br />
likely to continue.<br />
Travelling abroad for medical reasons is not a new<br />
phenomenon—people have travelled abroad for health benefits<br />
since ancient times. However, the pattern of travel has altered.<br />
During the 20th century, wealthy people from less developed<br />
areas of the world travelled to developed nations to access<br />
better facilities and highly trained medics. Currently things<br />
are different, with flow from developed to less developed<br />
nations, more regional movements, and the emergence of an<br />
international market. For example, patients from Western<br />
Europe are taking advantage of Eastern European nations for<br />
more economical medical treatment.<br />
Destinations can be divided by focus:<br />
• Medical Quality Focus: These destinations are respected<br />
for high-quality, technological and clinical innovations.<br />
The services offered are highly priced and attract affluent<br />
patients who live in countries that typically do not have a<br />
very robust healthcare system.<br />
Countries: U.S., UK, Germany, Switzerland<br />
• Value Focus: These countries sell services to patients from<br />
developed and other countries who seek maximum value<br />
for money. This segment is gaining popularity with good<br />
quality care that is 30% to 50% cheaper than Western<br />
Europe and North American countries.<br />
Countries: Thailand, India, Costa Rica, Czech Republic<br />
• Tourism Focus: These countries develop their brand based<br />
on the strength of their tourism and hospitality sector.<br />
Although their healthcare facilities handle complicated<br />
treatments within cardiology, oncology and orthopaedics,<br />
much of the focus is on elective procedures.<br />
Countries: U.A.E., Greece, Bulgaria<br />
Governments initiate market strategies based on the country<br />
focus. For example, Singapore has been promoted as a centre for<br />
biomedical and biotechnological activities. Whereas Singapore’s<br />
bio-city is a government-supported network of established and<br />
emerging facilities and organisations, Dubai’s <strong>Healthcare</strong> City<br />
(DHCC) represents a planned bio-city, and is an attempt to<br />
encourage vast numbers of Middle Eastern medical tourists to<br />
BY SFAM_PHOTO / SHUTTERSTOCK.COM<br />
62 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
stay within the Middle East rather than travel to Asia.<br />
It is mostly low to middle-income countries that<br />
are the destination, and high-income countries the<br />
source. Although some places (including Dubai)<br />
may be simultaneously acting as countries of origin<br />
and destination. Dubai services overseas patients,<br />
while at the same time its own citizens travel as<br />
medical tourists to medical quality focus countries<br />
such as Germany and the U.S.<br />
Before the formation of the U.A.E. in 1971,<br />
residents with means journeyed to destinations<br />
in the west, unsatisfied with the local healthcare<br />
services provided by the British government<br />
and American missionaries. In the decades<br />
following independence, the country’s healthcare<br />
infrastructure grew, with the creation of 40 public<br />
hospitals in operation by 1986, marking the advent<br />
of a modern healthcare system.<br />
In recent years, however, the U.A.E. has<br />
witnessed an increase in the number of international<br />
patients arriving at its own shores for medical<br />
treatment. According to the Dubai Health Authority,<br />
medical tourism generated more than $381 million<br />
for the emirate in 2016. The city received 326,649<br />
medical tourists, representing an increase of 9.5%<br />
over the previous year. The most popular treatments<br />
were orthopaedics, dermatology and ophthalmology.<br />
In 2016, the largest market for the emirate was Asian<br />
medical tourists, who accounted for 37% of visitors.<br />
Arab and GCC countries were the second largest<br />
market, accounting for 31% of tourists. Visitors from<br />
Europe amounted to 15% of the total.<br />
As many of the medical tourists visiting<br />
Dubai are not price conscious, the quality element<br />
should not be overlooked. Patient satisfaction is<br />
an important dimension of healthcare treatment,<br />
although internationally little is known about<br />
the experience and satisfaction of medical<br />
tourists. Government initiative, Dubai Health<br />
Experience (DXH), ensures that medical tourists<br />
can understand their rights before arriving for<br />
healthcare. DXH provides medical tourists with the<br />
opportunity to compare and choose from over 400<br />
healthcare packages that outline the cost, inclusions<br />
and exclusions. The packages combine both leisure<br />
and health, including hotel accommodation, visa<br />
and insurance along with the selected medical<br />
treatments. In addition, DHCC conducts annual<br />
patient satisfaction campaigns to gauge the overall<br />
patient experience at facilities within the DHCC<br />
premises.<br />
In general, the value focus and tourism focus<br />
segments have a range of government agencies and<br />
policy initiatives to stimulate and promote medical<br />
tourism. It’s clear that many countries, including<br />
the U.A.E., continue to see significant economic<br />
potential in the industry.<br />
<strong>Healthcare</strong> Construction<br />
Worth Billions<br />
According to data from intelligence platform BNC Network,<br />
there were 707 active healthcare projects underway in the GCC<br />
in January <strong>2018</strong>, with a total value of more than $60.9 billion.<br />
The healthcare industry constitutes 4% of all active projects in<br />
the GCC’s urban construction sector, which account for 5% of<br />
the total estimated value.<br />
446 $51.9<br />
HOSPITALS<br />
projects<br />
billion<br />
262<br />
MEDICAL CLINICS<br />
$9<br />
OR RESEARCH<br />
projects<br />
CENTRES<br />
billion<br />
264 $90.6<br />
UNDER<br />
CONSTRUCTION<br />
projects<br />
billion<br />
227 $12.7<br />
IN THE DESIGN<br />
PIPELINE<br />
projects<br />
75<br />
projects<br />
IN TENDER<br />
billion<br />
$1.7<br />
billion<br />
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 63
GUIDE <strong>2018</strong> THOUGHTS<br />
Health<br />
“Health is the greatest gift,<br />
contentment the greatest<br />
wealth, faithfulness the<br />
best relationship”<br />
—BUDDHA<br />
“If you don’t think your<br />
anxiety, depression, sadness<br />
and stress impact your<br />
physical health, think again.<br />
All of these emotions trigger<br />
chemical reactions in your<br />
body. Learn how to cope,<br />
sweet friend. There will always<br />
be dark days. ”<br />
- KRIS CARR<br />
“It is health that is real wealth<br />
and not pieces of gold and<br />
silver.”<br />
—MAHATMA GANDHI<br />
“Sleep is that golden chain<br />
that ties health and our<br />
bodies together. ”<br />
—Thomas Dekker<br />
“The foundation of<br />
success in life is good<br />
health: that is the<br />
substratum fortune;<br />
it is also the basis of<br />
happiness. A person<br />
cannot accumulate<br />
a fortune very well<br />
when he is sick.”<br />
—REBA MCENTIRE<br />
The only way to keep<br />
your health is to eat<br />
what you don’t want,<br />
drink what you don’t<br />
like, and do what<br />
you’d rather not.<br />
—MARK TWAIN<br />
If we could give<br />
every individual the<br />
right amount of<br />
nourishment and<br />
exercise, not too little<br />
and not too much, we<br />
would have found the<br />
safest way to health.<br />
—HIPPOCRATES<br />
“People talk about physical<br />
fitness, but mental health<br />
is equally important. I see<br />
people suffering, and their<br />
families feel a sense of shame<br />
about it, which doesn’t help.<br />
One needs support and<br />
understanding.”<br />
—DEEPIKA PADUKONE<br />
BY EVERETT HISTORICAL; BY CREATIVEI IMAGES; / SHUTTERSTOCK.COM<br />
64 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>
GUIDE <strong>2018</strong> I FORBES MIDDLE EAST 65
FDA APPROVES HISTORIC<br />
CANCER BREAKTHROUGH<br />
In a landmark decision, the U.S. Food and Drug Administration (FDA) recently approved the<br />
first-of-its-kind CAR-T cell therapy created by Penn Medicine. This personalized cellular<br />
therapy genetically alters a patient’s own immune cells to target and destroy their cancer.<br />
This treatment will transform the way the world battles cancer...and this is just the beginning.<br />
Learn more at PennCancer.org or call 215.349.5556 (domestic) +1 215.349.5556 (international).<br />
Your life is worth Penn Medicine.<br />
66 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>