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Market Daily Report: Bursa Malaysia Ends Higher In Line With Most Regional Markets

KUALA LUMPUR, Sept 20 (Bernama) -- Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve's substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday's close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday's 3.99 billion units worth RM4.08 billion. UOB Kay Hian Wealth Advisors head of investment research, Mohd Sedek Jantan, noted the FBM KLCI's gains were led by utilities, logistics, and banking stocks, reflecting improved market sentiment. Additiona
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IHH Healthcare Ready to Explore Outcome-Based Payment Models

IHH Healthcare Bhd (KL), Malaysia’s largest hospital operator, announced on Monday its readiness to explore outcome-based payment models, driven by positive results from its recent value-driven outcomes (VDO) initiatives.

Key Takeaways:

  • Outcome-Based Payment Models: IHH Healthcare is prepared to assess the feasibility of outcome-based payment models, which tie payments to clinical results rather than predetermined costs. This follows successful VDO initiatives that have shown improved patient outcomes.

  • VDO Initiatives:

    • Colonoscopy Procedures: Achieved higher-than-benchmark detection of polyps that could lead to colon cancer.
    • Total Knee Replacement: Surveys indicated significant improvements in pain relief, physical function, and quality of life.

  • Executive Statement: Jean-François Naa, CEO of IHH Healthcare’s Malaysian operations, highlighted the maturity of data from VDO initiatives as a key factor in considering outcome-based payment models.

  • Government and Industry Support: Health Minister Datuk Seri Dr Dzulkefly Ahmad has advocated for private hospitals to adopt pay-for-outcome fees to curb medical inflation and enhance healthcare outcomes. The Association of Private Hospitals of Malaysia supports this proposal.

  • Current Coverage and Expansion Goals: IHH Healthcare’s VDO initiatives cover around 15% of its procedures, including colonoscopy and hysterectomy, at facilities like Gleneagles Hospitals, Pantai Hospitals, and Prince Court Medical Centre. The goal is to expand coverage to 50% in the near future.

  • Rising Medical Claims: The Life Insurance Association of Malaysia reported a 26% increase in medical claims payouts in 2023, following a 34% rise in 2022. This surge is attributed to policyholders seeking or resuming medical consultations post-Covid-19 pandemic.

  • Market Performance: IHH Healthcare’s shares increased by one sen or 0.16% to RM6.27 on Monday, giving the company a market valuation of RM55.22 billion.

IHH Healthcare's move towards outcome-based payment models aligns with broader efforts to enhance healthcare quality and manage costs effectively, signaling a shift in Malaysia’s private healthcare sector.

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