Hayati to offer health financing services
Dubai, June 13, 2009
Hayati Healthcare, the first dedicated patient financing company in the Middle East, has opened its regional office in the UAE as part of its plan to introduce its new healthcare financing services in the region.
An innovative start-up business, Hayati is being recognised regionally as a pioneering healthcare venture in the Gulf region which provides loans for elective and non-elective medical procedures which medical insurance companies do not cover.
Hayati, (My Life in Arabic), understands that the needs of each patient are unique and will work directly with them to provide the loan they need and a suitable doctor/clinic within its network of physicians and healthcare providers, said a company official.
Hayati is one of the first companies to be funded by the Arab Business Angels Network, a member of Dubai International Capital, and the Gulf Finance Corporation.
It was a finalist in the prestigious Harvard Business School Business Plan Competition and the Pan-Arab MIT Business Plan Competitions, with over 2000 company entries.
Conceptualised by Dr Michael Matly and his business partner Tariq S. El-Titi while working with the Dubai Government to revamp its healthcare system, Hayati is a direct response to the region’s maturing healthcare industry.
“Residents in the region are being exposed to the highest quality of healthcare, well known institutes and reputed doctors, which in turn equates to higher costs,' said Dr Michael Matly.
Hayati Healthcare provides UAE nationals and expatriates with a convenient and accessible financing method which will allow the patient to receive the necessary medical procedure yet not feel the financial burden, especially during these financially trying times” he noted.
The benefits of Hayati are not limited to just the patients but also to healthcare clinics and banks who are embracing the scheme as it also provides them with enhanced value.
The clinics can expand their patient volumes, service offerings and receive full payments up-front, whereas banks will be able to diversify their capital into new segments such as healthcare.
“We have gone to great lengths to ensure that the application process for patients is simple, accessible and confidential. We were able to achieve this by investing in a pioneering web-portal, which is a first for this region, ensuring a highly efficient and user friendly customer experience,' said Tariq S El-Titi, COO of Hayati Healthcare.
'Patients can go to our website www.hayatihealthcare.com, apply fully online for their patient financing needs, search through our network of healthcare providers and learn more about the unique services we offer at Hayati,” he added.
Covering elective and non- elective healthcare procedures, Hayati Healthcare offers loans for procedures that are not covered by medical insurance which include Dental and Orthodontics, Lasik eye surgery, Plastic and Cosmetic Surgery, Cosmetic Dermatology, Hair Transplants, Fertility treatments, Obesity treatments, Cardiovascular surgeries and Maternity among many others.
Hayati’s partner healthcare providers include some of the leading and most highly reputed clinics and hospitals within the UAE and the Middle East region including; the New Medical Center (NMC) Group, Drs. Nicolas & ASP network of Dental clinics, MoorfieldsEye Hospital Dubai, the American Academy of Cosmetic Surgery and the London Center for Aesthetic Surgery.-TradeArabia News Service