In small economies such as Cyprus, investment opportunities are limited, especially those which can produce reasonable returns in relation to the risk involved. Due to the introduction of the general public health system, various groups of investors (including foreign ones) have turned their interest towards health related projects, either as healthcare centres or simply as … Read more
Cyprus remains a prime destination for investors eyeing lucrative deals in the real estate sector, as the island offers a variety of investment opportunities for both local and foreign investors, according to a leading real estate company. The biggest opportunity at the moment is on the south east coast, in Larnaca, as the government moves … Read more
The Hellenic Healthcare Group (HHG), owner and operator of nine leading private hospitals in Greece and Cyprus, has added the American Medical Center and the American Heart Institute in Nicosia to its portfolio of healthcare facilities and services. The value of the deal and the size of the equity stake were not disclosed. The AMC, … Read more
– The General Health System (GHS) in Cyprus was established five years ago.
– The GHS remains financially viable for the next seven years, with reserves of €590 million.
– The GHS has increased confidence among the public, with 60% of beneficiaries visiting a specialist in the past year.
– The GHS has improved access to health services and quality of life for citizens.
– Plans are underway to reduce waiting times at specialist physicians and publish a strategic plan for 2024-2026.
– The GHS has added four hospitals, two A&E departments, day care centers, at-home palliative care, and additional healthcare professionals and therapies.
– The GHS has imposed fines, carried out investigations, and suspended contracts to ensure oversight and quality of services provided.
The disbursement of state grants to hospitals in Cyprus, both public and private, will begin in June for those undergoing or starting the accreditation process. The Government has approved a Grant Provision Plan for Private and Public Hospitals focused on Accreditation, aiming to improve health services through the implementation of standards. The plan, costing €2.5 million and covered by the Recovery and Resilience Plan, will benefit 51 hospitals, with grants distribution starting in June. Accreditation is also a key quality criterion for determining compensation in the General Health System.
The Health Insurance Organization (HIO) will implement a new regulation before Easter to inform beneficiaries of the General Health System (GHS) via text messages on their mobile phones about healthcare provider entries made in their name. The organisation’s priority is to link beneficiaries with their electronic profiles in the system’s software. Almost 260,000 adult beneficiaries have activated their profiles since the start of the GHS in 2019, with approximately 100,000 other beneficiaries connected through them. The HIO urges citizens to update their data as many mobile phones and email addresses registered under beneficiaries’ names are incorrect or belong to someone else. Beneficiaries must activate their profile in the GHS software to receive text messages, and the elderly or individuals without internet access can activate this setting through their personal doctor. Email notifications will continue alongside text messages.