Dubai: The Dubai Health Authority (DHA) launched a smart tool at an event on Sunday.

The tool will facilitate use of available financial data by current health-care investors using the Health Accounts System of Dubai (HASD). The tool provides round-the-clock access to vital information to help enhance better decision-making in the health sector by comparing the organisation’s financial standing with those in the peer group and assist all hospitals, clinics, pharmacies, health insurance companies and third party administrators in Dubai.

As per the HASD, the total health expenditure in Dubai was Dh12.77 billion in 2014, out of which 70 per cent was funded by the private sector. The total expenditure on health is expected to increase in the following years as more people become insured. Of the Dh12.77 billion spent in 2014, Dh10.95 billion was spent inside Dubai and Dh1.83 billion outside Dubai. The health expenditure of the private sector was Dh8.5 billion, an increase of 37 per cent from 2012.

Members of government entities, health-care providers, insurance companies, third party administrators and other stakeholders were present at the event, which took place at Hyatt Regency in Dubai.

The event was conducted using advanced online meeting and video conferencing, and virtual attendees from 10 countries took part in the event. The report has been shared with these stakeholders and they can access the detailed findings using the smart HASD tool.

Dr Haidar Al Yousuf, director of the Health Funding at the DHA, said: “We began the implementation of the emirate’s mandatory health insurance scheme in 2014 and today it is in the final stages. We are confident that when the roll-out is complete, the health expenditure will also increase substantially. The HASD report will help understand the allocation of funds, which is vital for all stakeholders in decision-making. It is imperative to monitor the flow of funds between different sources and different schemes and this report achieves just that. The fact that this data can be analysed using an online tool will significantly help health-care entities, including health insurance providers and third party administrators to benchmark their performance against the industry, to strategise to increase market share, and to improve efficiency.”

Al Yousuf said the Smart Health Accounts System of Dubai (HASD) is a tool that allows stakeholders to use HASD results for comparative analysis and evidence-based decision making. The tool is aligned with DHA’s goals of ensuring transparency, open data and promoting investment. The tool is available free-of-cost and can be used by current and future providers and investors.

Altijani Hussin, health economics consultant at DHA, added that although the health accounts is done in more than 100 countries, the smart HASD is the first-of-its-kind to allow comparative analysis at the level of health-care providers, health insurance, and health-care services based on an international methodology. The tool turns the technical data into two beneficial facts for investors: it measures the market share of their organisations from the total market in Dubai, and it compares their financial flow to peer groups in Dubai.

Hussin added that the DHA’s funding department provides complete support to investors by addressing all their queries including questions on health-care expenditure. “We also monitor developments in the health sector such as where the health funds come from, which schemes are used to pool these funds, which providers received these funds, and what services are purchased.”