- The event had more than 250 healthcare professionals in attendance including owners, CEOs, chairpersons, and medical directors of hospitals, dental clinics, pharmacies, and medical centers from the region.
- Some institutions represented included Medcare, Saudi German Hospitals, Emirates European Hospital, Emirates Hospitals Group and Al Futtaim Healthcare.
- The highlight of the event was the networking session where attendees shared ideas on how to improve cash flow and move the industry forward.
- Healthcare fintech startup KLAIM made a presentation about how emerging technology can help healthcare providers solve key RCM challenges.
FOR IMMEDIATE RELEASE (Dubai, UAE; May XX, 2022): On April 27, 2022, KLAIM, a fintech company committed to improving the Revenue Cycle Management of healthcare providers, organised an Iftar Gala Dinner for C-level managers and other healthcare professionals at The Address Boulevard in Downtown Dubai to discuss ways to improve the healthcare industry in the country.
The event, which was attended by over 250 healthcare leaders, including key decision makers such as owners, CEOs, chairpersons, and medical directors from various hospitals, dental clinics, pharmacies, and medical centers. Some institutions represented included Medcare, Saudi German Hospital, Emirates European Hospital, Emirates Hospitals Group, and the Al Futtaim Healthcare, among others, which gathered in an atmosphere especially made for networking, accompanied by authentic cuisine and Arabic music to celebrate the holiday occasion.
KLAIM CEO Karim Dakki opened the dinner with a speech that outlined the sizable efforts that healthcare providers have put into the industry, transforming the UAE into a global leader in the improvement of healthcare services. Dakki emphasised that the nation’s reputation in raising the bar for quality healthcare could not be materialised without the commitment, creativity, and innovation of the healthcare providers in attendance.
After the Iftar dinner, Dakki went on to highlight the mission for the healthcare industry going forward. In particular, this mission included how KLAIM is transforming healthcare RCM through its RCM 2.0 platforms that seek to make RCM more efficient, as well as its healthcare advanced financing solution that seeks to improve the cash flow of providers.
During an interactive Q&A session, KLAIM emphasised that medical claim denial rates need to be lowered, with 30% of new claims and 15% of resubmitted claims being rejected in the UAE, according to Aster DM Healthcare. This is an issue that stands out as a major hurdle for sustainable healthcare industry growth, and emerging technology in automation can help RCM teams overcome this challenge.
The networking opportunities after the Q&A was the highlight of the Iftar Gala dinner, allowing various healthcare leaders and stakeholders to exchange ideas about how to improve their cash flow and transform their RCM for more profitability.
New relationships were formed, new ideas were discussed, and new partnerships were envisaged. Dakki said after the event, “the healthcare industry in the GCC has huge potential that can be explored if various healthcare providers can come together to share ideas and work together towards common goals. We hope this event will be the beginning of such idea-sharing and cooperation.”
Due to the success of the event, KLAIM is now looking to organise more such events to unite the healthcare community in the UAE, and, very soon, the entire GCC.
The global healthcare industry is striving to reduce healthcare costs, improve healthcare outcomes for patients, and enhance healthcare access. None of these goals are achievable without ensuring that healthcare providers remain sustainably profitable. The coming together of some of the brightest minds in the industry will unearth various creative and innovative ways to improve the performance of healthcare providers as a condition for reducing healthcare cost, improving healthcare outcomes, and enhancing healthcare access.
KLAIM is a fintech company committed to improving the Revenue Cycle Management (RCM) of healthcare providers in the GCC. It does this through its advance financing solution, where it buys medical claims for cash within seven days, and its RCM 2.0 platforms, which improve the efficiency of revenue cycle management through automation. Launched in 2019 as a UAE-based company, KLAIM is now expanding its reach to other GCC countries, such as Saudi Arabia and Oman.