Abbas Ahmed

Advising on strategy, governance, investor relations, expansion, financial
sustainability, and corporate restructuring for a multi-entity healthcare

Leading the financial strategy for RAM Medical Care Group, overseeing
financial operations, and driving initiatives that contribute to sustained
growth and operational efficiency.
Held a pivotal role in the corporate office, providing financial leadership
to NMC Healthcare. Successfully managed complex financial portfolios
and played a key role in shaping the financial landscape of the
organization.
Led financial restructuring initiatives, optimizing cost structures, and
enhancing profitability for Dr. Fakhry Hospital. Contributed to the
hospitals financial health and operational efficiency.
Steered financial and administrative functions, implementing strategies
that positively impacted the financial performance of Dr Noor Hospital.
Managed diverse financial portfolios within ARG Group of Companies,
contributing to the overall growth and financial stability of the

NMC Healthcare Group - Riyadh, KSA 2018 - 2021
NMC Healthcare is the largest private healthcare company in the UAE and ranks amongst the leading fertility service providers in the world. Over the last 46 years, NMC has earned the trust of millions, thanks to its personalized care, genuine concern and a sincere commitment to the overall well-being of the patients. NMC was the first company from Abu Dhabi to list on the London Stock Exchange and is now part of the premium FTSE 100 Index, an elite club of top 100 blue-chip companies by market cap. The London-listed company has significantly increased its presence in Saudi Arabia in recent times and currently owns five hospitals with a combined bed capacity of 650.

Managed finance for 5 hospitals, reporting to the CEO & Group CFO. Directed budgeting, controls, revenue cycle, ERP/HIS implementations, cost optimization, and multi-entity governance.

Key Achievements
 Delivered SAR 38.7M cost savings across entities (2019-2020).
 Achieved 110% of revenue target and 136% net profit increase.
 Designed and executed a new corporate reporting model improving transparency and decision-making.
 Introduced Payscale Level Model resulting in controlled and structured hiring.
 Implemented centralized referral system capturing C-class insurance business.
 Upgraded HIS and integrated procurement, invoicing, and departmental workflows.
 Member of Executive Committee & Leadership Committee.

Provides leadership in the development for the continuous evaluation of short and long-term strategic financial objectives.
Ensure credibility of Finance group by providing timely and accurate analysis of budgets, financial trends and forecasts.
Take hands-on lead position of developing, implementing, and maintaining a comprehensive job cost system.
Direct and oversee all aspects of the Finance & Accounting functions of the organization.
Evaluates and advises on the impact of long range planning, introduction of new programs/ strategies and regulatory action.
Establish and maintain strong relationships with senior executives so as to identify their needs and seek full range of business solutions.
Provide executive management with advice on the financial implications of business activities.
Manage processes for financial forecasting, budgets and consolidation and reporting to the Company
Provide recommendations to strategically enhance financial performance and business opportunities.
Ensure that effective internal controls are in place and ensure compliance with GAAP and applicable federal, state and local regulatory laws and rules for financial and tax reporting.

measures to mitigate risk and managing stakeholder’s expectation. Responsibilities included but not limited:

• Maintain strong relationship with all insurance and corporate companies, quarterly meetings for new contracts, renewal of contracts with agreeable contractual discounts, prompt payment discounts, rejections resubmission, financial deals, payment reconciliation. Writing business reports, meeting minutes and sharing with managements

• Supervising customer support offices, Front offices, Voucher collection and reconciliation department, Billing departments, Receivables section, prepare monthly duty roasters and submit to management.
• Timely dispatch insurance claims, to submit aging reports to management, designs, updates and implemented new policies, insurance policies are updated in the system,
• Weekly meeting with Staff, responsible to develop business process, teach and train existing as well as new staff, assist IT team to make necessary changes as per agreements.

• Assisting IT team to modify insurance modules, E-claims modules and MIS as required.

• Responsible for day to day financial operation of hospital, polyclinics, pharmacies, provide financial support for various departments, long and short term objective, Presenting financial reports such as statement of financial position, statement of comprehensive income, statement of change in equity, Trial balance, notes to the accounts, Zakat Statement. Dealt with external auditors and review of financial reports, management letters

Reporting to: Chairman, CEO, BOD, Associated & Corporate Branches