The Board approved the final accounts and the technical performance report of the Authority for the fiscal year 2023/2024.
The Board of Directors stated that they have successfully provided approximately 48 million health services to beneficiaries of the universal health insurance system in six governorates so far, with a goal to achieve the highest quality levels and ensure citizen satisfaction.
For the first time, the Board successfully covered a budget deficit by 50.5%, with a revenue increase of 64% compared to the previous fiscal year, despite a 70% increase in medical service costs influenced by rising service input costs, exchange rate fluctuations, and inflation.
The Board also noted that revenues from medical tourism programs exceeded $2.1 million, and they are implementing directives from the political leadership to continue efforts to double foreign currency earnings and expand the "We Care for You in Egypt" medical tourism program.
The Board approved a substantial discount on medical examination fees for school children not registered in the universal health insurance system, while continuing to provide services at no cost to registered beneficiaries and legally exempt categories, in line with government directives to alleviate financial burdens on citizens.
Dr. Ahmed El-Sobky, Chairman of the Board, stated that the Egypt Health Care Authority's selection as an international partner by the world's top three medical insurance companies—BUPA, Allianz, and AXA—is a testament to the Authority's medical reputation and a sign of its accounting discipline, especially in the claims system.
He highlighted successes in enhancing the quality of health care across various specialties, noting that the Authority ranks first among both public and private sectors in obtaining national (GAHAR) or international (JCI) accreditation, the establishment of an electronic system for reporting adverse events (E-OVR), and excellence in international initiatives and competitions for improvement projects, including those from the Japan International Cooperation Agency (JICA) and the Saudi German Hospital.
Dr. El-Sobky mentioned that over EGP 12 billion was spent on medical services for beneficiaries of the universal health insurance system in six governorates during the fiscal year 2023/2024, funded by the state's general budget and the Authority's resources from universal health insurance claims.
He affirmed the ongoing state support for the Egypt Health Care Authority reflects the political leadership's commitment to continually enhance the health care system, keep pace with global developments, and maintain the level of health services provided to citizens despite rising health service input costs.
Finally, the Board approved the participation of the Authority and its affiliated entities in the mandatory training network for university hospitals for pharmacy interns, in accordance with the rules of the Supreme Supervisory Committee.
The Board issued a decision to establish a Review and Governance Committee, chaired by the Chairman of the Board and comprising independent board members, to oversee the executive operations of the Authority and conduct regular field visits to its health facilities.
The meeting concluded with discussions on several important topics and the issuance of significant decisions, ensuring the continuous regulation and professional delivery of health care services under the universal health insurance system.
