IFoA Facilitates Crucial Review of Saudi Healthcare Strategy
Riyadh, Monday, 14 July 2025.
The Institute and Faculty of Actuaries (IFoA) led a review of Saudi Arabia’s healthcare frameworks, providing vital feedback to enhance operational efficiency and patient outcomes, aligning with Vision 2030.
Strategic Alignment with Vision 2030
Saudi Arabia’s healthcare transformation is a crucial component of its Vision 2030, which seeks to dynamically shift the country’s economic foundations. This vision supports a transition from a provider-centric approach to a patient-centered, value-based system that emphasizes efficiency and patient outcomes. The health care reforms, prominently shaped by the Institute and Faculty of Actuaries (IFoA), aim to employ strong actuarial governance and updated payment frameworks to respond to population risk and improve cost-effectiveness in healthcare delivery [1].
Role of the Institute and Faculty of Actuaries
The IFoA facilitated an independent review, applying their expertise in actuarial science to the Kingdom’s healthcare system. This collaboration, involving IFoA volunteers, provided strategic insights into sector capability gaps and suggested robust data governance strategies necessary for the transformational process. The input from IFoA was instrumental in refining the core aspects that will support the system’s efficiency and align it with global best practices, addressing both strategic goals and operational backbones of the healthcare sector [1].
Innovative Payment and Governance Frameworks
Central to the reform is the introduction of a new provider payment strategy by the Center for National Health Insurance (CNHI) and the National Casemix Center of Excellence (NCCoE). These reformative steps engage actuarial perspectives to ensure that funds are allocated based on demographic needs and efficient healthcare delivery. Such frameworks are meant to secure more targeted healthcare economics, aligning payments with patient needs while encouraging competition among healthcare providers [1].
Long-Term Impacts on Saudi Healthcare System
The long-term impacts of these strategic developments are anticipated to significantly revamp Saudi Arabia’s healthcare landscape. With a focus on sustainability and patient-centered care, these changes are designed to streamline healthcare services, improving their accessibility and effectiveness. Furthermore, by gearing towards the best international practices, Saudi Arabia positions itself not only as a regional leader but also as a competitive figure on the global stage of healthcare delivery and biotechnological innovation [2].