A private hospital in Bahrain is reportedly planning to sell off land to raise the money it needs to pay staff.
Gulf Daily News said the International Hospital of Bahrain blamed an 80 percent drop in business over the past year for cashflow problems at present.
It said 14 nurses had quit their jobs at the hospital after allegedly not being paid for three months.
The hospital has witnessed a significant drop in patients, which has had a damaging impact on the amount of money coming in, the newspaper said. It has reportedly also suffered from insurance companies reportedly opting not to underwrite treatment at the facility for those with medical insurance.
“If patients reduce, the economy of the hospital can be affected and, unfortunately, our patient number has reduced from 500 per day to 100 since last year,” IHB medical director Dr Abdul Shaheed Naseeb Dr Naseeb was quoted as saying.
He insisted management were expecting to find a solution by mid-April. “We will settle all payment backlogs, including staff and suppliers. Many staff including doctors, nurses and others have resigned and I can’t hide this fact, but I can assure from the management’s side that everything will be settled as soon as the land is sold.
“I don't know which land, as I am not the owner, but this is what has been communicated.”
No further information on the reported land sale was provided in the article.
The hospital is now believed to be investigating possible reasons for the decline in patient numbers and arranging meetings with insurance providers to ascertain the reasons for their non-sanctioning of patients.For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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