The Saudi cabinet has approved the transfer of all assets related to medical services from the Ministry of Health to the Health Holding Company (HHC).
The decision included the transfer of all financial and contractual obligations and rights related to health services currently provided by the Ministry, to the Health Holding Company or any of its subsidiaries, said a statement from the ministry.
HHC is a public corporation established by the cabinet last June with the aim to run local health clusters that provide direct services to beneficiaries all around the country. It manages five subsidiaries distributed in different geographical regions.
This is in line with the Saudi Health Sector Transformation Program which was established for the Kingdom’s Vision 2030 to ensure the continued development of healthcare services in the Kingdom and focus efforts on this vital sector.
It also follows the National Transformation Program’s achievement of accomplishments and strategic targets that upgraded the health sector to face challenges related to health services by increasing their quality and efficiency, and the levels of protection against health risks.
The program depends on the principle of value-based care, which ensures transparency and financial sustainability by promoting public health and preventing diseases, in addition to applying the new model of care related to disease prevention. It also aims to improve access to health services through optimal coverage and a comprehensive and equitable geographical distribution, expanding the provision of e-health services and digital solutions, as well as improving the quality of health services.
In a major move, UAE-based Burjeel Holdings has signed an MoU with Saudi Arabia’s Ministry of Investment which will see the private healthcare Group partner and collaborate with KSA institutes and healthcare organizations, and invest up to $1 billion in the kingdom by 2030.
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