DUBAI: Avivo Group, one of the fastest-growing healthcare service providers in the GCC, is looking for mergers, acquisitions and new partnerships to focus more on super specialised healthcare services, its Chief Executive Officer Dr Dilshaad Ali has revealed.
At present, Avivo Group offers an array of healthcare services, both general and specialised ones, through more than 220 qualified doctors and over 1,200 compassionate employees serving more than one million patients a year.
“The Group is redefining itself with a new business model and moving towards super speciality healthcare for future growth. We believe that although general healthcare remains relatively attractive for some in the industry, we reviewed our business strategies and have decided to focus our resources on bridging the gap in complexity management. Most of the Group’s general healthcare assets will be transformed into speciality clinics,” Dr Ali explained. “We will also relook at the existing specialities that do not fulfil the current demographic needs,” he added.
The Group has begun strategic initiatives to work with super speciality providers in the healthcare sector from around the world, he said. “We are in discussions with several global providers to come and partner with us for this new business model. This is in line with what the UAE and the region needs at this time,” he added.
“The management is shifting its focus from low revenue high volume businesses to more complex, high revenue specialities that deliver exceptional outcomes. We have been seeing a drastic drop in reimbursements by insurers and third-party administrators for general healthcare. The consolidation of providers in this segment will help stabilise the industry as well. The industry needs serious reform to ensure sustainability,” he stressed.
“While Dubai embarks on being a medical tourism hub for the region, we align ourselves to meet the domestic demand and the medical tourists coming to Dubai who are more in need of medical institutions that offer specialised care for complex medical conditions and deliver high-value care,” he said.
Dubai is likely to host 500,000 medical tourists by 2020, according to a report by the Dubai Health Authority (DHA), “Realising this transformation will not happen in a single step but requires an overarching strategy. It will require restructuring how healthcare delivery is organised, measured and reimbursed. Serving patients with world-class outcomes and exceptional experiences has always been the core mission of the Group. Avivo has built a forte in super specialities and will keep growing on its strengths.” PR