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Tag Archives: healthcare

Georgia Healthcare Group Receives Revenue of GEL 622.4

Georgia Healthcare Group PLC on Monday reported a rise in revenue and earnings for the first nine months of 2018 amid double-digit growth in all of its service businesses. The Georgian healthcare provider said earnings before interest, tax, deprecation and amortisation for the first nine months of 2018 rose 23% …

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Service Tariffs in Health Sector Rise by 6.1%, Transport Sector – 6.5%

Geostat, national statistics service of Georgia has published the 2018 October inflation report. The consumer basket value has risen by 2.35 year on year, while, due to specific sectors, major upturn was recorded in health and transport sectors. Health sector: prices rose by 6.1% with 0.51% contribution to total growth …

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Georgia Has Twice More Graduate Doctors than Europe

Twenty-five universities, out of 75 nation-wide, offer healthcare and medical programs, including 15 institutions which provide six-year programs for graduate health workers, five offering a BA program for paramedics and 20 vocational colleges providing programs for practitioner paramedics. According to the health barometer Curatio, programs for graduated paramedics were completed …

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93 Doctors Stripped of State Certificates in 2017

Professional Development Board of LEPL Medical Activity State Regulation Agency had examined professional responsibility issue of 305 doctors. Professional responsibility was imposed on 300 doctors, while 3 cases were postponed after submission of additional information from law enforcement structures. According to the 2017 report of the agency, writing warning was …

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What to Expect from 2018 State Budget

Infrastructure, Education and Healthcare as Priorities of the 2018 State Budget. Total revenues of the 2018 state budget are planned at 12.4 billion GEL, including: tax revenues – 9.490 billion GEL (23.5% of GDP); the remaining part of revenues will be mobilized from other resources. This signifies 23 Tetri from …

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Georgian Healthcare Group to Make $50 million Investment in 2018

Nikoloz Gamkrelidze

Nikoloz Gamkrelidze, head of Georgian Health Group (GHG): GHG is a major actor on this market and is represented in all segments of this market – hospital, insurance or pharmaceutical. Various challenges exist in each of them and there are various types of opportunities too. The year of 2017 was …

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Review: Healthcare Industry in Georgia in 2017

Healthcare

State budget allocations for health sector grows every year. Despite similar growth, the answer to the question: who spends more on healthcare – government or citizens, does not change. The issue of valuable services remains unchanged too. According to the last indicators, the government’s ratio in total health expenditures accounts …

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The Demand for Georgian Production Medicines is Increasing On Export Markets

The demand for  Georgian medicines on export markets increases. The share of medicines has reached 5.4% of total exports. According to “Geostat”, in January-July 2017, almost $ 78,621 million of medicines were exported to foreign markets. In January-July 2016, Georgia exported medicines worth of 54,348 million . Medications take fifth …

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Suspicious Medications Quality and High Prices

Invaluable system of medication quality control is one of the problematic issues on Georgian pharmaceutical market, especially in the domestic production. Currently, medication quality control is carried out by an only responsible body State Regulation Agency for  Medical Activities. The small budget of the agency does not enable to ensure …

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