CCHI endorses plan to support M&As among healthcare SMEs

building of Council of Cooperative Health Insurance

The Saudi Council of Cooperative Health Insurance's (CCHI) board of directors approved a plan to support mergers and acquisitions (M&As) among the small and medium-sized healthcare services providers.

The plan, which was set in coordination with the Saudi Central Bank (SAMA), aims to enhance the competitive environment in line with a specified methodology.

This came during CCHI's board of directors meeting held yesterday via videoconferencing, under the chairmanship of the Minister of Health Tawfig Al-Rabiah

On the other hand, CCHI's board of directors nodded to implementing phase one of its UniPlat Program (Nafis) for the exchange of medical insurance transactions electronically, starting from January 1, 2021.

The implementation of the first phase of 'Nafis' platform will reflect positively on service providers, insurance firms and beneficiaries, and will also help save time and procedures through technology investment, said Othman Al-Qasabi, the official spokesman of CCHI and executive director for enablement and specialized supervision.

The council also approved the 2021 operational plan and budget, along with CCHI's budget for off-budget healthcare services; thus coping with the council's strategy 2020-2024, which targets enabling beneficiaries to receive full healthcare services and protection.