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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 />

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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 />

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✓ 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>


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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


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66 FORBES MIDDLE EAST I GUIDE <strong>2018</strong>

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