Addis Ababa, Ethiopia April 24, 2019 — IFC, a member of the World Bank Group, today signed an advisory services agreement with Hallelujah General Hospital to promote improvements in patient safety and quality assurance in Ethiopia.
IFC will work with the Hospital to assess achievements and gaps in patient safety and quality assurance. The support will enhance corporate processes, minimize patient safety risks, and make the company more attractive to international partners, such as investors and insurance companies.
Hallelujah General Hospital CEO Yetnayet Eshetu said “Patient Safety is an essential aspect of risk management. It is paramount for us to operate in line with international standards and good practices. Hallelujah aspires to be a center of excellence and a referral center for the patients in Ethiopia and from neighboring countries who are travelling abroad seeking quality healthcare”.
World Health Organization (WHO) recognizes patient safety as a serious global public health issue in developed and developing nations. Estimates show that in high-income developed countries, about one in 10 patients is harmed while receiving hospital care. A recent Lancet study highlighted that in lower middle-income countries poor quality of health services contributed to more deaths than lack of access to health services.
Adamou Labara, IFC Acting Country Manager for Ethiopia, said “IFC is committed to promoting improvements in the quality of health care service delivery as the foundation of better risk management and stronger performance. We are rolling out the health care quality advisory to help service providers implement best practices and develop processes for high quality of care.”
Hallelujah General Hospital is the first IFC partner in Ethiopia to receive a comprehensive assessment based on IFC’s Healthcare Quality Tool. The Tool has been designed to address quality challenges faced by health care service providers in emerging markets. IFC will transfer knowledge to identified Hospital staff, and support development of an evidence-based quality improvement plan. IFC expects to work with other interested healthcare providers on health care quality and patient safety as a part of broader IFC and World Bank engagement with health sector in Ethiopia and to facilitate strategic development of health care sector.
IFC is the largest multilateral investor in private healthcare in emerging markets, with over $4.3 billion financing in over 200 projects as of June 30, 2017.
About IFC
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. We work with more than 2,000 businesses worldwide, using our capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2018, we delivered more than $23 billion in long-term financing for developing countries, leveraging the power of the private sector to end extreme poverty and boost shared prosperity. For more information, visit www.ifc.org
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About Hallelujah General Hospital
Hallelujah General Hospital provides a comprehensive service at one place, from diagnosis to major surgeries. The hospital has 115 beds, out of which 96 beds are for Inpatients. For more information, visit http://hallelujahospital.org/
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