August 2023 Healthcare Visionaries Arabian Business presents the leading figures behind a booming industrywww.ftnft.comarabianbusiness.com 3 Contents August 2023 www.arabianbusiness.com SUBSCRIBE NOW +971 4444 3000 www.itp.com/subscription arabianbusiness#arabianbusinessarabianbusiness AN ALY S IS The healthcare industry in the Middle East: Challenges and opportunities As we present some of the leading gures in the sector in this special issue of Arabian Business, we explore the current state of the healthcare industry in the Middle East, the challenges it encounters, and the opportunities for improvement 06 FIRST WORD We thank you for the hard work that you are contributing to one of the Middle East’s most rapidly developing industries Matthew Amlot Editor-in-Chief matthew.amlot@itp.com he he pidly 17 32 19 34 18 Dr Reem Osman Parmjot Bains Ihsan Al Marzooqi Hasan Jasem Al Nowais Dr Sanjay Parashar4 August 2023 FIRST WORD | Matthew Amlot, Editor-in-Chief Hello and welcome to the August issue of Arabian Business. Last month saw the Arabian Business Leadership Summit return to Dubai, and, in keeping with the theme of leadership, we have featured on the cover the former Prime Minister of the United Kingdom and Northern Ireland, David Cameron. The former British premier shared his profound insights with us on leadership, emphasising the signi cance of teamwork in achieving success. Cameron, a true legend in the political arena, o ers inval- uable insights into leadership. Through his experiences, he emphasises the pivotal role of teamwork in achieving ambi- tious goals. Success is seldom a solo endeavour; it is a result of cohesive collaboration, where diverse talents and perspec- Learning from legends MATTHEW AMLÔT @MatthewAmlot tives converge to navigate challenges e ectively. As we look at the business landscape, we witness how leaders are increasingly embracing this notion, fostering an inclusive work culture that encourages innovation and growth. The symbiotic relationship between business and polit- ical leaders has become more evident in recent times. Both spheres face challenges that require astute leadership, adapt- ability, and empathy. Business leaders are expected to take a stand on societal and environmental issues, while political leaders have to navigate complex economic landscapes. Cameron notes that this convergence of leadership styles is yielding positive outcomes, as leaders from various domains learn from each other’s experiences and best practices. Amid this conversation, Cameron also commented on the remarkable journey of the UAE as a global leader. The nation has demonstrated visionary leadership, transforming itself into a beacon of progress and prosperity. Through bold initiatives and innovative strategies, the UAE has paved the way for sustainable growth and diversified its economy, making signi cant contributions to the global community. As a result, the country continues to inspire others with its achievements and dedication to excellence. The full interview is well worth a read and I encourage you to check it out start- ing on page 28. The Leadership Summit also proved to be a remarkable event, attracting an A-list lineup of speakers including Huda AlHashimi, UAE Deputy Minister of Cabinet A airs for Strate- gic A airs, Jerry Inzerillo, GCEO of Diriyah Gate, and James Hogan, former CEO of Etihad and current CEO of Knighthood Global. Their collective wisdom on leadership has inspired us to examine the principles that underpin successful leadership. In our extensive section on leadership starting from page 36, we meticulously unpack key learnings from the summit. We hope that the wisdom shared by the event’s speakers will help inspire all of our readers in their own leadership journey. I would also like to personally thank all who attended the Leadership Summit and contributed to its resounding success. We are grateful for the continuous support from our readers, and we remain committed to providing insightful content that informs, educates, and inspires. This month also marks the return of the annual Arabian Business Healthcare Visionaries list. Given the remarkable success of the last year’s edition, and the high quality and volume of nominations for this year’s, we have decided to separate it from the main edition into its own supplement. Congratulations to all those listed and thank you for the hard work that you are contributing to one of the Middle East’s most exciting and rapidly developing industries. With that I’ll let you get to reading. Until next time. 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With an increasing population and evolving healthcare needs, the region faces unique challenges in providing accessible, a ordable, and high-qual- ity healthcare services. As we present some of the leading figures in the sector in this special issue of Arabian Business, we explore the current state of the healthcare industry in the Middle East, the challenges it encoun- ters, and the opportunities for improvement. Healthcare landscape in the Middle East The Middle East is a diverse region comprising countries with varying economic development, healthcare systems, and healthcare infrastruc- ture. Countries like the UAE, Saudi Arabia, Qatar, and Kuwait have made substantial investments in their healthcare sectors, leading to advancements in medical technology, facilities, and expertise. On the other hand, some other nations struggle with inadequate resources, insuffi- cient funding, and disparities in healthcare access. Challenges faced by the healthcare industry Infrastructure and resources: Many Middle Eastern countries face chal- lenges related to healthcare infrastruc- ture. While some nations have well- equipped and modern medical facilities, others have limited resources and lack the necessary infrastructure to meet the growing healthcare demands of their populations. Human resources and brain drain: There is a signi cant depend- ence on expatriate healthcare profes- sionals in some Middle Eastern countries, which leads to brain drain from the region's own talent pool. This reliance can lead to skill short- ages and hinder the development of local expertise in healthcare. Lifestyle-related diseases: The prevalence of lifestyle-related diseases, such as obesity, diabetes, and cardiovascular diseases, has been on the rise in the Middle East. Rapid urbanisation, sedentary lifestyles, and changes in dietary habits contribute to this trend, placing an increased burden on healthcare systems. Healthcare nancing: Healthcare nancing is a signi cant challenge in the region. While some countries have robust healthcare nancing systems, others face nancial constraints and struggle to provide universal health- care coverage to their citizens. Quality and accessibility: There are disparities in healthcare access and quality within and between coun- tries in the Middle East. Rural areas often have limited access to health- care facilities, and the quality of services can vary signi cantly. Opportunities for Improvement Investment in healthcare infrastruc- ture: Governments and private enti- ties in the Middle East should continue to invest in healthcare infra- structure to enhance medical facili- ties, research centres, and hospitals. Increased funding can help modern- ise existing infrastructure and build new facilities where needed. Capacity building and talent retention: To reduce the dependence on foreign healthcare professionals, the region must focus on capacity building and invest in local talent. This includes providing advanced medical education and training opportunities to attract and retain skilled healthcare practitioners. Preventive healthcare initiatives: Prioritising preventive healthcare initiatives can help reduce the preva- lence of lifestyle-related diseases. Governments can implement aware- ness campaigns, promote healthier lifestyles, and improve nutrition education. Health insurance reforms: Reforms in health insurance systems can improve healthcare access and a orda- bility. Governments can work towards creating comprehensive health insur- ance schemes that cover a wide range of services for their citizens. Embracing telemedicine and digi- tal health: The adoption of telemedi- cine and digital health solutions can enhance healthcare accessibility, espe- cially in remote areas. These technol- ogies can enable remote consultations, improve patient monitoring, and facil- itate medical education. Countries such as the UAE have made substantial investments in their healthcare sectors, leading to advancements in medical technology, facilities, and expertise8 August 2023 HEALTHCARE VISIONARIES 2023 UAE S haista Asif has an impressive career trajectory spanning over two decades, with 17 years in the healthcare industry. In 2006, she co-founded the PureHealth, and has been steering the Group’s growth and development, transforming the Group into the largest healthcare group in the Middle East. As Group Chief Operating O cer, Shaista’s strategic vision is the driving force behind PureHealth’s continuous innovation, leading the Group’s diverse portfolio which includes hospitals, clinics, laboratories, health insurance, healthcare procurement, and health tech solutions. She has spearheaded large healthcare acquisitions both locally and globally, propelling PureHealth to become the fastest growing and largest healthcare company in the region. Region’s only integrated platform and largest healthcare group PureHealth has solidi ed its position as a pivotal player in the region’s healthcare landscape with an extensive network of over 25 hospitals, 160 laboratories, and more than 100 clinics, supported by over 24,000 dedicated employees. At the core of PureHealth’s success lies its holistic ecosystem, comprising prominent entities like Abu Dhabi Health Services Company (SEHA), National Health Insurance Company (Daman), Abu Dhabi Stem Cells Centre (ADSCC), Ambulatory Healthcare Services, Yas Clinic Group, Rafed, PureLab, One Health, The Life Corner, Tamouh Healthcare and the Medical O ce. The success doesn’t stop at the Middle East, Pure- Health has made significant progress expanding its global reach, including acquisition of stake in Ardent Health Services, the United States’s fourth largest privately held healthcare group, adding to its integrated 1. SHAISTA ASIF Co-founder and Group COO PUREHEALTH GROUP portfolio more than 200 sites of care, 30 hospitals, over 23,000 employees, which operates across six US states, re ecting PureHealth’s prominent presence in the inter- national market. PureHealth is further looking to expand its international presence through acquisitions and working towards becoming a global player. PureHealth is on a transformative mission to revo- lutionise the future of healthcare by shifting its focus from reactive sick care to proactive healthcare. Lever- aging its integrated and international network, Pure- Health introduces Healthcare in the Cloud, digitising real-time patient data for prompt interventions. Utilis- ing Arti cial Intelligence and Machine Learning, Pure- Health engages with the population, by baselining their health through various methods including genome sequencing, to enable people to receive personalised care. Taking healthcare to the edge through wearables and IoT, the eco-system provides continuous monitoring for proactive health management. This reimagines health spans, challenges traditional life spans, and fuels the next generation of innovation, all aligned with PureHealth’s North Star - Longevity, empowering individuals to lead longer, healthier, and more ful lling lives, furthermore, shaping a sustainable and healthier future for individuals around the world.arabianbusiness.com 9 HEALTHCARE VISIONARIES 2023 UAE 2. JOHN SUNIL 40 The number of facilities of Burjeel Holdings across the UAE and Oman CEO BURJEEL HOLDINGS With an illustrious legacy spanning nearly two decades, Burjeel Holdings has pioneered a new paradigm of healthcare. In 2007, Dr. Sham- sheer Vayalil, its founder and chairman, began with a single hospital in Abu Dhabi and a vision to make quality healthcare and clinical excellence available to everyone. Since then, Burjeel Holdings has consistently pushed boundaries by harnessing state-of-the-art technology and attracting world-renowned medical talent to deliver high-quality, complex care to people in the UAE and the wider region, through its facilities including its agship Burjeel Medical City. The group has an unmatched patient o ering and a diversi ed portfolio of 16 hospitals and 24 medical centres across the UAE and Oman. Burjeel Holdings continues to focus on key areas including oncology, nuclear medicine, orthopedics and spine, women's care, fetal medicine and pediatric specialties, organ transplant, and bone marrow trans- plant. As part of its geographic expansion strategy across key markets in the region, the group marked its entry to the Kingdom of Saudi Arabia recently by setting up a network of rst-of-its-kind advanced physiotherapy, rehabilitation, and wellness centres. A new era of leadership Since 2022, CEO John Sunil’s dynamic leadership has ushered in a new era of healthcare innovation. Sunil has built a history of leadership at Burjeel Holdings, holding the roles of Financial Controller, COO, Regional CEO, and nally, the CEO of Burjeel Holdings. As the CEO, he creates value for stakeholders by developing and executing strategies for business growth in the long and short term and overcoming business challenges. Elevating utilization across the Group’s world-class assets and adding to its service portfolio are his areas of focus. Armed with a profound understanding of the healthcare landscape, Sunil continues to lead a team of dedicated healthcare professionals, with a shared focus on advancing patient outcomes and nding innovative solutions to complex healthcare problems. The shared vision and leadership of both Dr. Sham- sheer and Sunil continue to deliver impressive results for patients and the many investors still celebrating its rst year as a public company. Since debuting on ADX in late 2022, Burjeel has delivered double-digit pro t and patient footfall growth in each quarter. We continue to shine, elevating the standing of the UAE healthcare sector and attracting an increasing number of patients from across the globe Next >