Seven years after the launch of GeSY, Cyprus’ private healthcare sector continues to attract investment, acquisitions and expansion, highlighting the system’s growth and potential. However, significant challenges remain.
Speaking to Economy Today, OEB Business Development Head Michalis Grigoriou said the private sector is concerned about proposals for a capacity plan that could limit the entry of new healthcare providers. He argued that any future planning should be based on patient needs and market data without restricting competition.
Grigoriou also rejected concerns that recent mergers and acquisitions are reducing competition, noting that patients still have a wide range of healthcare providers to choose from.
One of the sector’s most pressing issues remains the shortage of nursing staff. According to the Health Ministry, Cyprus currently needs around 600 additional nurses. The OEB has proposed several measures, including easing language requirements for foreign nurses and making better use of nursing graduates already studying in Cyprus.
He also highlighted the high operational costs facing private emergency departments and stressed the need for a balanced approach that links healthcare quality with provider compensation under GeSY.
Source: Economy Today.
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