Regulatory Alerts2022-07-06 | No. KH/107/2022Added · Updated
Capital Market Authority Regulation on Managing Health Insurance Revenue Cycles
The Capital Market Authority of Oman issued Decision No. KH/107/2022 to regulate third-party companies managing health insurance revenue cycles. The regulation mandates licensed entities to maintain a minimum capital of OMR 300,000, appoint qualified full-time directors and physicians, integrate electronic systems with the Authority, and strictly utilize approved medical coding standards. It further establishes comprehensive licensing procedures, ongoing reporting obligations, and a tiered administrative fine structure to ensure compliance and operational continuity.