Jeremy Panacheril featured in Forbes Middle East
In “A patient-centric approach to medical tourism,” Forbes Middle East highlights that while medical tourism in Dubai has grown and will continue to grow, the reality is that it is probably taking a lot longer than most people initially thought.
Parthenon-EY Partner Jeremy Panacheril notes that there are several reasons for this, including perceptions of quality and cultural predispositions, but one inhibitor to faster growth is actually structural. “Anchoring any hospital business model should be a sufficient volume of catchment area patients i.e. that the hospital must have the ability to generate patient volume locally,” he explains.
Applying that logic to Dubai, where much of the patient population is still likely to go abroad or home for treatment for complex conditions, the opportunity to generate returns for the treatment of complex conditions, is ultimately reduced.
Jeremy explains that “Dubai, as a result, is able to capture patient volume for elective procedures, which have less complexity, are more commoditized and lower revenue value per patient—and this will continue to grow.”