Prince Mohammed bin Abdulrahman, while working for global consultancy Accenture in Riyadh, noticed a gap in the healthcare sector. Patients often forgot appointments or failed to inform medical providers, causing clinics financial losses. This realization led him to collaborate with friends to create a tech platform. They developed Clinicy, a cloud-based platform to help medical centres manage operations efficiently.
Prince Mohammed, along with co-founders Abdullah bin Sulaiman Alobaid and Saud bin Sulaiman Alobaid, founded Clinicy in 2017. “The healthcare industry in Saudi Arabia loses 3 billion Saudi riyals ($800 million) annually due to administrative inefficiencies,” says Prince Mohammed, CEO of Clinicy. By using Clinicy’s technology, medical centres can reduce patient no-shows by an average of 55%.
Saudi Arabia, prioritizing healthcare development under Vision 2030, sees Clinicy playing a crucial role. “We aim to make healthcare more accessible and digitized,” says Prince Mohammed. Additionally, Clinicy has served one million patients and aims to reach 1.5 million by the end of 2024. The platform manages operations from appointment booking to patient attendance, reducing human error.
Clinicy operates on a subscription model, charging medical centres monthly or yearly. Prince Mohammed expects the company to break even by mid-2025. Accordingly, Saudi Arabia’s focus on diversifying its economy from oil includes heavy investments in healthcare. The kingdom is leveraging AI and the latest technologies to improve healthcare services.
The Future of and made by Clinicy
The digital health market in Saudi Arabia is projected to reach $1 billion in 2024. Partnerships between tech companies and healthcare providers are driving innovation. Additionally, Prince Mohammed sees a $2 billion opportunity in enhancing patient-provider connections through technology. Clinicy raised $5 million this year and seeks additional funding for expansion.
Currently operating in Riyadh, Al Khobar, and Makkah, Clinicy plans to expand to more cities. With 25 employees, the company aims to grow its workforce amid expansion efforts. Prince Mohammed is optimistic about the company’s growth prospects and its role in Saudi Arabia’s healthcare transformation.
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