UAE’s hospitals want insurers to pay up fast
Wednesday, 03 25 2020, Category: Health, Country: U.A.E
Hospital operators in the UAE are in talks with medical insurers to try and speed up the insurance claims generated since the start of the year. An early - or timely - release of funds is the only way healthcare facilities can manage the sharp spike in outpatient visits since early February.
This was after the first cases of coronavirus were detected in the country and led to a rush of people wanting to get themselves checked. Most of the leading hospitals and clinics report a high double-digit growth in outpatient visits during this period.
“The majority of the visits are to see GPs or internal medicine - so the per visit claims generated is not on the higher side,” said Dr. Sherbaz Bichu, CEO of Aster Hospitals UAE. “Typically, they range between Dh400-Dh500 - but the problem is the number of claims being generated and impacting on our “cash burn”.
“No one is coming to a super speciality hospital to treat a cough - everyone knows that, including insurers.
“This is why the healthcare industry needs medical insurers to speed up the claims processing and free up the cash. For most healthcare facilities in the country, what insurers pay represents 80-90 per cent of their cashflow.”