A doctor examines X-rays on a virtual screen. Getty Images
A doctor examines X-rays on a virtual screen. Getty Images
A doctor examines X-rays on a virtual screen. Getty Images
A doctor examines X-rays on a virtual screen. Getty Images


Virtual health is for real, but it needs critical infrastructure


Matthew Palmer
Matthew Palmer
  • English
  • Arabic

October 06, 2023

Human ingenuity thrives in times of chaos. But what happens after the storm dies down?

In the post-pandemic era, the healthcare industry in the region has experienced enormous changes. Some organisations are thriving in an era of unprecedented transformation and are adapting themselves to be more resilient and self-sufficient. At the same time, they are positioning themselves to compete with world-class healthcare facilities by becoming faster, more efficient and more responsive.

However, as the healthcare industry fundamentally changes the way it operates, it is clear that it needs a powerful and adaptable digital infrastructure to accommodate its metamorphosis.

The numbers corroborate this need. According to research from consultants Deloitte, information technology ranks among the top five strategic priorities for 80 per cent of healthcare providers. In addition, 68 per cent of capital spending is to be dedicated to digital technologies such as virtual health, as companies seek to develop their business models.

Many provider systems that seek diversification and attractive revenue pools are exploring new avenues such as data and analytics, digital health products and services and specialty pharmacies. The opportunities are endless and we are seeing several clear trends for the future of health care in the region.

Health staff at work at Seha Virtual Hospital in Riyadh, Saudi Arabia, last year. AFP
Health staff at work at Seha Virtual Hospital in Riyadh, Saudi Arabia, last year. AFP
Integrating technology into healthcare operations supports a major focus of the industry – transforming patient care

New patient self-service options, including digital health applications, online appointment booking and medicine purchase systems, as well as telemedicine consultations, have significantly increased in popularity since the Covid-19 pandemic. The added convenience these offer to patients as well as the time saved by medical professionals, which allows them to focus on urgent cases or other areas for growth, are among the major benefits resulting from the influx of digital health solutions in the region.

These developments are also driving faster growth and, according to McKinsey and Company research from last year, the digital health market could reach $4 billion by 2026 within the UAE and Saudi Arabia alone.

The opportunity here lies in thinking of health care more holistically – providing patients with access to digital resources for care across the spectrum, including mental health, preventive measures and condition management. This will need a highly inter-connected network that can be utilised throughout the healthcare chain that is flexible enough to grow alongside patient needs and be used across different devices and touchpoints.

Healthcare organisations will need a network infrastructure that supports secure, remote access for patients trying to use resources at home and on campus, without losing any quality of experience.

On the operational side of things, digital technologies are automating and optimising major functions. We are seeing the application of new solutions for payment cycles, tracking and revenue management across supply chains for medicines and health products. These solutions also align perfectly with organisational goals to go paperless, and to reduce the time and money spent on non-critical business functions.

We predict that further advancements will be made by using advanced analytics and next-generation cloud capabilities. Cloud-driven network management solutions support pro-active maintenance of the network and can help provide insights related to health supply delivery, locating medical equipment, pharmacy customer lines, patient waiting times and other business outcomes.

Integrating technology into healthcare operations supports a major focus of the industry – transforming patient care.

In recent years, traditional healthcare providers have refocused their efforts to put personalised patient experiences at the heart of their operations, using technology to help accomplish the goal of continuous improvement. For example, Nahdi Pharmacies in Saudi Arabia is investing in a secure, interconnected system to enable digitised prescriptions and purchase records as well as patient data profiles that are intended to result in tailored retail experiences.

Similarly, Zulekha Hospital in Dubai has elevated patient care through the faster and more secure transmission of digitised medical records through interconnected and segmented wireless and wired infrastructure. Doctors and patients can instantly and securely access digital prescriptions, medical information, reports and other critical information that previously took days or weeks to physically send between healthcare providers.

We are on the cusp of making the impossible possible in health care. Telesurgeries, AI-derived diagnostics, and even robots performing medical procedures are all areas that are actively being worked on and could soon become the reality of tomorrow’s healthcare industry. It is imperative for everyone in health care to understand where technology will take us, assess their readiness for that future, and build up the necessary infrastructure to be part of it.

High investment levels and the sheer volume of healthcare projects promise exciting developments for the industry in the region. However, it will take highly secure, scalable network infrastructure and next-generation technology solutions to deliver on the undeniable promise of growth and change the sector is aiming for.

THE BIO

Occupation: Specialised chief medical laboratory technologist

Age: 78

Favourite destination: Always Al Ain “Dar Al Zain”

Hobbies: his work  - “ the thing which I am most passionate for and which occupied all my time in the morning and evening from 1963 to 2019”

Other hobbies: football

Favorite football club: Al Ain Sports Club

 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

England squad

Joe Root (captain), Alastair Cook, Keaton Jennings, Gary Ballance, Jonny Bairstow (wicketkeeper), Ben Stokes (vice-captain), Moeen Ali, Liam Dawson, Toby Roland-Jones, Stuart Broad, Mark Wood, James Anderson.

How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
How much do leading UAE’s UK curriculum schools charge for Year 6?
  1. Nord Anglia International School (Dubai) – Dh85,032
  2. Kings School Al Barsha (Dubai) – Dh71,905
  3. Brighton College Abu Dhabi - Dh68,560
  4. Jumeirah English Speaking School (Dubai) – Dh59,728
  5. Gems Wellington International School – Dubai Branch – Dh58,488
  6. The British School Al Khubairat (Abu Dhabi) - Dh54,170
  7. Dubai English Speaking School – Dh51,269

*Annual tuition fees covering the 2024/2025 academic year

The Voice of Hind Rajab

Starring: Saja Kilani, Clara Khoury, Motaz Malhees

Director: Kaouther Ben Hania

Rating: 4/5

The more serious side of specialty coffee

While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.

The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.

Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”

One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.

Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms. 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Who was Alfred Nobel?

The Nobel Prize was created by wealthy Swedish chemist and entrepreneur Alfred Nobel.

  • In his will he dictated that the bulk of his estate should be used to fund "prizes to those who, during the preceding year, have conferred the greatest benefit to humankind".
  • Nobel is best known as the inventor of dynamite, but also wrote poetry and drama and could speak Russian, French, English and German by the age of 17. The five original prize categories reflect the interests closest to his heart.
  • Nobel died in 1896 but it took until 1901, following a legal battle over his will, before the first prizes were awarded.
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FINAL RESULT

Sharjah Wanderers 20 Dubai Tigers 25 (After extra-time)

Wanderers
Tries: Gormley, Penalty
cons: Flaherty
Pens: Flaherty 2

Tigers
Tries: O’Donnell, Gibbons, Kelly
Cons: Caldwell 2
Pens: Caldwell, Cross

Rocketman

Director: Dexter Fletcher

Starring: Taron Egerton, Richard Madden, Jamie Bell

Rating: 3 out of 5 stars 

Scores

Bournemouth 0-4 Liverpool
Arsenal 1-0 Huddersfield Town
Burnley 1-0 Brighton
Manchester United 4-1 Fulham
West Ham 3-2 Crystal Palace

Saturday fixtures:
Chelsea v Manchester City, 9.30pm (UAE)
Leicester City v Tottenham Hotspur, 11.45pm (UAE)

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Starring: Jamie Foxx, Angela Bassett, Tina Fey

Directed by: Pete Doctor

Rating: 4 stars

Updated: October 06, 2023, 4:01 PM