JEDDAH

JEDDAH: The Health Ministry has forecast revenue of SR4 billion by 2020 because of a major financial overhaul that includes implementation of an insurance system, attracting new investments, and raising funds from conferences and exhibitions, local media reported Friday.
This is according to Aqab Abboud, supervisor of the ministry’s health economics department, who said that revenue was only SR30 million seven years ago. It grew to SR350 million in 2015, and likely to rise to SR500 million at the end of this year, he said.
“We are racing against time across all districts to align our efforts with Vision 2030, especially regarding the application of the Cooperative Health Insurance System at all the ministry’s hospitals, medical cities, clinics, laboratories, heart centers and poison centers,” he said.
“Approval from the Cooperative Health Council, training of employees, development of the electronic financial system, and preparation of sites is all being done in parallel,” he was quoted as saying.

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