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In Saudi Arabia, the average healthcare claims rejection rate is around 20% - 25% for small and medium-sized hospitals. This translates to delays and loss of revenue amounting to 3.5 – 4.5 billion SAR every year. This figure is poised to increase further as the healthcare market gears up to increase its market size to 141 billion SAR by 2030.
With a market size of 34 billion SAR, market experts consider the Saudi private healthcare sector to be one of the largest in the area. Health insurance companies are responsible for 53% of the total annual revenue in this sector and Saudi Arabia's national transformative strategy plans to gradually grow the market size by more than 141 billion SAR through privatization by 2030.