GlobeMed Saudi
GlobeMed Saudi is a healthcare Third-Party Administrator (TPA) serving 9 payers (1 public-sector CNHI plus 8 private-sector insurers) in Saudi Arabia, administering benefits for 3.9 million insured members through a network of 4,100+ providers using its proprietary ARC adjudication engine and home-grown PBM platform.
- Company typePrivate
- Founded2004
- HeadquartersRiyadh, Saudi Arabia
- Headcount251–500
- GTM typeB2B
- OfferingServices
What GlobeMed Saudi does
GlobeMed Saudi is a healthcare benefits management company operating as a Third-Party Administrator (TPA) for health insurance in the Kingdom of Saudi Arabia. Incorporated in 2004 and headquartered in Riyadh with branch offices in Jeddah and Dammam, it was the first TPA licensed by the Saudi Central Bank (SAMA) in 2008 and is a franchisee of GlobeMed Group, a regional operator with presence across 12 MENA countries. The company serves 9 payer clients — 1 public-sector entity, the Center for National Health Insurance (CNHI), and 8 private-sector insurers including Salama, Saudi Enaya, Amana, Arabia, Walaa, Mutakamela, Orient, Al-Etihad, and Allianz Saudi Fransi — administering benefits for more than 3.9 million insured members through a contracted network of 4,100+ domestic healthcare providers and 120,000+ international providers accessed via the GlobeMed Group partnership.
The company's product portfolio centers on a proprietary healthcare benefits management platform that integrates policy administration, claims processing, network management, and utilization review. Core technology components include the ARC rules engine (an expert system automating up to 80% of outpatient coverage decisions and supporting fraud, waste, and abuse detection), a home-grown Pharmacy Benefits Management (PBM) module with e-prescription, e-dispensing, drug utilization review, and SFDA/NPHIES code mapping, full integration with Saudi Arabia's National Platform for Health Insurance Exchange and Statistics (NPHIES), an automated cross-border service providing instant coverage decisions across international providers, and member/provider-facing tools such as the GlobeMed FIT mobile app and i*Care portal. Add-on services include the Aurum VIP program, Prestigious Care, International Health Services, an Access-to-Platform licensing product, and a Medical Coding Training Program. The company employs approximately 270 dedicated team members and maintains 13 field offices at key hospitals with a 24/7 bilingual contact center.
GlobeMed Saudi generates revenue through B2B contract-based fees charged to insurance companies and government entities for TPA services, with pricing negotiated per multi-year contract and not publicly disclosed. Revenue streams include full-service TPA administration (managed services), PBM (subscription/recurring), Access-to-Platform (platform licensing), and Medical Coding Training (professional services). Distribution is exclusively enterprise-direct to payers; the company distributes self-service tools (GlobeMed FIT, i*Care portal) to the 3.9M insured members and 4,100+ providers within its network as part of the underlying service, not as standalone consumer products.
GlobeMed Saudi firmographics
Firmographics- Name
- GlobeMed Saudi
- Legal name
- GlobeMed Saudi
- Website
- https://globemedsaudi.com
- Company type
- Private
- Founded year
- 2004
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- GlobeMed Saudi is a healthcare Third-Party Administrator (TPA) serving 9 payers (1 public-sector CNHI plus 8 private-sector insurers) in Saudi Arabia, administering benefits for 3.9 million insured members through a network of 4,100+ providers using its proprietary ARC adjudication engine and home-grown PBM platform.
- Ownership category
- akta.pro rank
GlobeMed Saudi industry classification
Industry- Product category
- Healthcare Benefits Administration
- NAICS
- Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)
- SIC
- Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness) (HLAEALAN)
- akta.pro secondary industry
- Individual Health Insurance Administration (TPA/ASO) (FSAIAEAK)
Keywords
Where GlobeMed Saudi is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices3 records
Markets served
GlobeMed Saudi business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Third-Party Administration (TPA) Services: Full-service TPA offering including policy management, claims processing, network management, and utilization management for insurance companies and government health authorities. Revenue is generated through service fees charged to payers (insurance companies and government entities) for administering their health benefits programs.
- Pharmacy Benefits Management (PBM): Standalone or integrated pharmacy claims management solution. Offered as a module under the full healthcare benefits management services or as a standalone platform. Includes drug utilization review, formulary management, and clinical programs.
- Access to Platform: Payers can adopt an in-house TPA model where services are managed by the payer's human capital while utilizing GlobeMed modules and automated features. Revenue generated through platform licensing and support fees.
- Medical Coding Training Program: Training program for medical coding skills, originally launched in Lebanon in 2002 in collaboration with Saint-Joseph University and expanded to Qatar. Revenue generated through training fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Full Healthcare Benefits Management (TPA) - comprehensive suite of services |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
GlobeMed Saudi product offering
Product offeringCore offering
GlobeMed Saudi is a Third-Party Administrator (TPA) that provides end-to-end healthcare benefits management services to insurance companies (payers) and government health authorities in Saudi Arabia. Its core offering covers policy administration, claims processing and adjudication, provider network management, pharmacy benefits management, medical audit, data analytics, and customer service, all powered by a proprietary rules engine (ARC) and integrated with Saudi Arabia's NPHIES platform.
Product overview
GlobeMed Saudi operates as a healthcare benefits management Third-Party Administrator (TPA) offering a comprehensive platform of services rather than a single software product. The core offering consists of Healthcare Benefits Management (TPA services) as the primary platform, supplemented by specialized modules including Pharmacy Benefits Management (a home-grown PBM solution), International Health Services, Access to Platform (for payers wanting in-house TPA capabilities), and Medical Coding Training Program. The portfolio also includes branded self-service tools: GlobeMed FIT (mobile app for insured members) and i*Care Portal (for healthcare providers). Add-on VIP programs include Aurum and Prestigious Care. The services utilize an expert rules engine (ARC) for automated claims adjudication, fraud detection, and data analytics capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- GlobeMed FIT: Self-service health insurance mobile application and digital wellness tool allowing insured members to manage claims, locate healthcare providers, and access policy details.
- Aurum Program
- Prestigious Care
- i*Care
Products and services
- Healthcare Benefits Management
Quantifiable outcome
- 80% of outpatient coverage decisions automated
- +3 more outcomes
Companies that use GlobeMed Saudi
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles2 records
GlobeMed Saudi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature6 records
GlobeMed Saudi partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, strategic and supporting.
- Al-Etihad Cooperative Insurance CompanycoreTPA agreement effective July 1, 2026 offering Al-Etihad insured members seamless access to quality care services through GlobeMed Saudi's network of 4,200+ healthcare providers across hospitals, pharmacies, laboratories, medical complexes, and physical therapy centers.
- Orient Insurance Company (Saudi Branch)coreCollaboration effective May 2025 enabling Orient Insurance's insured members to access GlobeMed Saudi's network of 3,800+ healthcare providers including hospitals, pharmacies, diagnostic centers, and specialty clinics. GlobeMed operates 13 field offices for seamless member support.
- TachyHealthstrategicGlobeMed Saudi and TachyHealth, an AI healthcare solutions provider, announced a strategic partnership to optimize healthcare benefits management in Saudi Arabia through innovative technology. The partnership combines GlobeMed's 20+ years of experience in healthcare benefits management with TachyHealth's AI algorithms and machine learning capabilities to enhance claims processing and authorization workflows.
- Allianz Saudi Fransi Cooperative Insurance CompanycoreCooperation agreement effective April 2023 enabling Allianz Saudi Fransi's insured members to access GlobeMed Saudi's provider network of 3,300+ healthcare providers across the Kingdom, with field office support and 24/7 bilingual contact center services.
- Saint-Joseph University (Lebanon)supportingMedical Coding Training Program was initially launched in Lebanon in 2002 in collaboration with Saint-Joseph University, one of the most respectable educational institutions in the Middle-East. The program was later expanded to Qatar in 2014 where the Ministry of Public Health appointed GlobeMed as the exclusive training vendor for ICD-10-AM.
- Ministry of Public Health (Qatar)supportingIn 2014, Qatar's Ministry of Public Health appointed GlobeMed as the exclusive training vendor for ICD-10-AM medical coding training, expanding the Medical Coding Training Program beyond Lebanon.
Scale indicators9 records
Recent moves5 records
Expansion highlights5 records
GlobeMed Saudi competitors and assessment
Company assessmentRegional players
- Bupa Arabia: Bupa Arabia is a leading Saudi health insurance cooperative and one of GlobeMed Saudi's largest private-sector payer clients. Comparable as a regional player that both competes for health insurance administration work and is itself a buyer of TPA services from GlobeMed Saudi.
Direct peers
- Now Health International: Now Health International is a global health insurance and TPA provider offering cross-border coverage and provider network access for expatriates and internationally mobile individuals. Comparable to GlobeMed Saudi's International Health Services and Automated Cross-Border offerings, both targeting insured members with multi-country coverage needs.
- NextCare: NextCare is a MENA healthcare management company providing third-party administration, claims processing, and managed care services to insurers and corporates. Comparable to GlobeMed Saudi in serving insurance clients with TPA, network management, and utilization management across the region.
- MedNet: MedNet is a leading MENA-based third-party administrator offering health insurance management, claims processing, and provider network access across the region. Directly comparable to GlobeMed Saudi as a TPA serving insurance companies with similar member administration, provider network, and claims adjudication offerings.
- GlobeMed Lebanon: GlobeMed Lebanon is a sister franchisee of GlobeMed Saudi under GlobeMed Group, offering TPA, PBM, and healthcare benefits management services in Lebanon. Operates the same ARC rules engine and product portfolio, making it a directly comparable regional franchise peer.
- GlobeMed Qatar: GlobeMed Qatar is a sister franchisee of GlobeMed Group offering TPA and PBM services in Qatar. Shares the same technology platform and operating model as GlobeMed Saudi, with Qatar's Ministry of Public Health having appointed it as the exclusive ICD-10-AM training vendor.
Broad incumbents
- Cigna Healthcare: Cigna is a global health services company offering insurance, TPA-like administration, PBM (via Express Scripts), and international health coverage. Comparable to GlobeMed Saudi as a broad incumbent offering overlapping health benefits administration, cross-border provider access, and pharmacy management at global scale.
- Sedgwick: Sedgwick is a global leader in claims management, managed care, and loss adjusting services for insurers, employers, and TPAs. Comparable to GlobeMed Saudi as a broad incumbent in healthcare/insurance claims administration with overlapping claims adjudication and utilization management capabilities.
- GlobeMed Group: GlobeMed Group is the parent franchisor of GlobeMed Saudi, operating healthcare benefits management franchises across 12 MENA countries with 35+ years of experience. Comparable as the broader operating platform that defines GlobeMed Saudi's technology, brand, and operating standards.
- AXA (Global Health): AXA is a global insurer with health lines offering insurance and administrative services for healthcare benefits worldwide. Comparable to GlobeMed Saudi as a broad incumbent with overlapping health insurance administration, provider network management, and cross-border coverage capabilities.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
GlobeMed Saudi social profiles
Digital presenceGlobeMed Saudi compliance and trust
Trust signalCompliance3 records
GlobeMed Saudi financial estimates
Financial estimateRevenue estimate
Valuation estimate
GlobeMed Saudi leadership team
Management profileNumber of profiles
Profiles2 records
GlobeMed Saudi funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
GlobeMed Saudi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about GlobeMed Saudi
What does GlobeMed Saudi do?
GlobeMed Saudi is a Third-Party Administrator (TPA) that provides end-to-end healthcare benefits management services to insurance companies (payers) and government health authorities in Saudi Arabia. Its core offering covers policy administration, claims processing and adjudication, provider network management, pharmacy benefits management, medical audit, data analytics, and customer service, all powered by a proprietary rules engine (ARC) and integrated with Saudi Arabia's NPHIES platform.
Is GlobeMed Saudi a public or private company?
GlobeMed Saudi is a private company. It is classified as corporate owned and is currently operating.
When was GlobeMed Saudi founded?
GlobeMed Saudi was founded in 2004. It employs 251 to 500 people.
Where is GlobeMed Saudi based?
GlobeMed Saudi is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does GlobeMed Saudi make money?
Four revenue lines are on record. Third-Party Administration (TPA) Services are the primary driver. The others are pharmacy Benefits Management (PBM), access to Platform and medical Coding Training Program.
Who are GlobeMed Saudi's main competitors?
Bupa Arabia is listed as a regional player. Direct peers are Now Health International, NextCare, MedNet, GlobeMed Lebanon and GlobeMed Qatar. Broad incumbents are Cigna Healthcare, Sedgwick, GlobeMed Group and AXA (Global Health).
Does GlobeMed Saudi have an API?
No public API is recorded for GlobeMed Saudi.
What industry is GlobeMed Saudi in?
GlobeMed Saudi's product category is Healthcare Benefits Administration. Its primary akta.pro industry code is HLAEALAN, Ancillary Benefits TPA (Dental/Vision/Life/Accident/Critical Illness), with a secondary code of FSAIAEAK, Individual Health Insurance Administration (TPA/ASO). Its NAICS code is 524292 and its SIC code is 6324.