Joint Venture Healthcare System as Common Practice in Developing Countries: Game Changing on Assessing Health Services

• Published in: International journal of preventive medicine Vol. 11; no. 1; p. 10
• Main Authors: Al-Mazroei, Ahmed, Bener, Abdulbari, Arif, Mohammed
• Format: Journal Article
• Language: English
• Published: Iran Medknow Publications & Media Pvt. Ltd 01.01.2020; Wolters Kluwer - Medknow; Wolters Kluwer Medknow Publications
• Subjects: Collaboration; Cooperation; Cost control; Developing countries; health care; Health care policy; Health services; joint venture; Joint ventures; LDCs; low- and middle-income countries; Market positioning; Original; Principal components analysis; Studies; Success; Technology transfer; Qatar; Developing countries; low- and middle-income countries; joint venture; health care
• ISSN: 2008-7802; 2008-8213
• DOI: 10.4103/ijpvm.IJPVM_507_18

To explore the essence of game changing on applying joint venture (JV) approach for healthcare system improvement in developing countries. This is cross-sectional study exploring the factors influencing the successful implementation of JV for the healthcare services in low- and middle-income countries (LMICs). The study included: Qatar Statistical Authority, CIA fact book, Ministry of Health Annual Report, Hamad Medical Corporation Annual Report, Organization for Economic Cooperation and Development information, and Qatar's healthcare system history. The research indicated that the LMIC healthcare system would benefit from affiliation with leading technology partner for healthcare reform. The findings support the view of LMIC healthcare systems' needs to incorporate joint venture approach in implementing JV concept for process improvement and knowledge transfer to contribute in country economic growth, development, and stability. Current study explored evidence supporting decision maker and management control of JV trends in different ways in comparison with developed countries. JV can also help the organization to share the risk and cost of large capital investment. The present study supports observations on expending the use of JVs as approach for improvement in LMIC healthcare system. The current study confirmed the advantages of JV which include helping businesses grow faster, increasing productivity, and generating greater profits, both parties sharing the risks and costs, accessing new markets and distribution networks.