Privatization:

Change legal status to a Not-for-Profit Independent Foundation

Dependent on Healthcare financing sector reform and the readiness of KFSH&RC to stand alone as a Not for Profit Independent Foundation the final stage of transformation will require transfer of the General Organization shares to a newly created Independent Foundation. KFSH&RC will undergo an objective authorization process that will assess its financial ability to be self-sustainable (with the existence of a payer), its operational capability to deliver high quality Healthcare services in line with its mandate.The leadership and governance performance will also be assessed as part of the criteria.

 

 


This initiative will only be activated in year four (4) of the transformation. Initial preparation has commenced.