Latest news with #MadaniHozaien
Argaam
03-03-2025
- Business
- Argaam
Saudi German Health CFO says profit growth driven by patient volumes, expansion
Middle East Healthcare Co. (Saudi German Health) CFO Madani Hozaien said the company's Q4 2024 net income growth was driven by higher revenue from rising patient volumes and expanded capacity, particularly in Dammam and Makkah. These two branches shifted from losses to higher operational capacity. In an interview with Argaam, Hozaien said outpatient visits rose 6% year-on-year (YoY) to 621,000 in Q4 2024, adding inpatient admissions grew 11% YoY to 26,000. Despite revenue growth, gross income declined due to seasonal shifts in the sales mix. This led to variations in gross margin performance across branches. Hozaien noted that private-sector healthcare demand is rising as the number of insured individuals in Saudi Arabia continues to grow, leading to higher patient traffic to private hospitals. He added that the company's nationwide presence has strengthened Saudi German Health's role as a key strategic partner to the Ministry of Health. Its hospitals in Mecca and Medina play a vital role in serving pilgrims and Umrah visitors. On Zakat-related settlements, Hozaien stressed the company's adherence to international accounting standards, adding the outstanding Zakat and tax liabilities for 2023 have been recorded as a precautionary measure. He reaffirmed the company's belief in its entitlement to most disputed amounts. If a favorable ruling is issued, the provisions will be reversed accordingly, Hozaien said. Looking ahead, the CFO expects performance to keep improving in Q1 2025. Growth will be supported by capacity expansions and increased specialized medical services led by top-tier Saudi consultants, Hozaien said.
Mid East Info
30-01-2025
- Business
- Mid East Info
Saudi German Health signs MoU with Megamind at Arab Health 2025 to transform healthcare delivery - Middle East Business News and Information
The partnership between SGH and Megamind is aimed at transforming healthcare delivery with the advanced implementation of the HIS system and strengthened cybersecurity measures. Saudi German Health (SGH), the largest healthcare group in the MENA region, signed a Memorandum of Understanding (MoU) with Megamind to embark on a transformative journey aimed at revolutionising healthcare delivery. The collaboration focuses on the advanced implementation of the Health Information System (HIS) and the enhancement of cybersecurity measures across SGH facilities in Saudi Arabia through the 'SGH KSA Cybersecurity' project. The MoU was signed by Madani Hozaien, Group Chief financial officer at SGH, and Hamza Sobhi Batterjee, President/CEO, Megamind IT Solutions, during the third day of Arab Health, which is being held between January 27 and 30, 2025, at the Dubai World Trade Centre. The strategic partnership underscores SGH's steadfast commitment to innovation, operational excellence, and patient-centric care, as well as setting new benchmarks for healthcare in the region. Makarem Batterjee, Vice Chairman of SGH, stated: 'We are thrilled to launch the Intersystem HIS Implementation project at Saudi German Hospital (SGH) in KSA. This strategic initiative reflects SGH's steadfast commitment to advancing innovation and excellence within the healthcare sector. By utilising Intersystem's state-of-the-art HIS solutions, we aim to create a healthcare ecosystem that is interconnected, human-centric, and equitable. Furthermore, initiating the 'SGH KSA Cybersecurity' project will reinforce our digital infrastructure, ensuring robust security across all healthcare systems. At SGH KSA, we remain steadfast in our dedication to fostering a secure, resilient, and innovative healthcare environment with an emphasis on patient safety and data protection.' The cutting-edge HIS implementation project is designed to enhance healthcare delivery by optimising patient care workflows, integrating advanced health information technologies, improving data accuracy and accessibility, and enhancing patient outcomes and satisfaction. Concurrently, the SGH KSA Cybersecurity project is focused on fortifying SGH's digital infrastructure to ensure secure healthcare operations through a comprehensive set of security measures. This cybersecurity project aims to optimise system performance and provide a secure, efficient user experience. Key components include the installation of a Web Application Firewall (WAF) to protect web applications from cyber threats, as well as a remote access system to ensure secure and seamless connectivity for SGH employees. A Data Centre Firewall will be deployed to bolster defences at the core of SGH's operations. Additionally, the project will incorporate Identity and Access Management (IAM) to strengthen secure access control, Privileged Access Management (PAM) for safeguarding sensitive systems and accounts, and a 24/7 Security Operations Centre (SOC) to monitor and address threats in real-time. Furthermore, Security Information and Event Management (SIEM) tools will be implemented for advanced threat detection and incident management. The project will identify and mitigate potential risks as well as ensure business continuity and rapid recovery in the event of unexpected events or disruptions. This partnership is designed to elevate the region's healthcare system by combining state-of-the-art technology with robust cybersecurity solutions, ensuring patient safety and data protection are prioritised across all operations.
Zawya
30-01-2025
- Business
- Zawya
Saudi German Health signs MoU with Megamind at Arab Health 2025 to transform healthcare delivery
Saudi German Health (SGH), the largest healthcare group in the MENA region, signed a Memorandum of Understanding (MoU) with Megamind to embark on a transformative journey aimed at revolutionising healthcare delivery. The collaboration focuses on the advanced implementation of the Health Information System (HIS) and the enhancement of cybersecurity measures across SGH facilities in Saudi Arabia through the 'SGH KSA Cybersecurity' project. The MoU was signed by Madani Hozaien, Group Chief financial officer at SGH, and Hamza Sobhi Batterjee, President/CEO, Megamind IT Solutions, during the third day of Arab Health, which is being held between January 27 and 30, 2025, at the Dubai World Trade Centre. The strategic partnership underscores SGH's steadfast commitment to innovation, operational excellence, and patient-centric care, as well as setting new benchmarks for healthcare in the region. Makarem Batterjee, Vice Chairman of SGH, stated: 'We are thrilled to launch the Intersystem HIS Implementation project at Saudi German Hospital (SGH) in KSA. This strategic initiative reflects SGH's steadfast commitment to advancing innovation and excellence within the healthcare sector. By utilising Intersystem's state-of-the-art HIS solutions, we aim to create a healthcare ecosystem that is interconnected, human-centric, and equitable. Furthermore, initiating the 'SGH KSA Cybersecurity' project will reinforce our digital infrastructure, ensuring robust security across all healthcare systems. At SGH KSA, we remain steadfast in our dedication to fostering a secure, resilient, and innovative healthcare environment with an emphasis on patient safety and data protection.' The cutting-edge HIS implementation project is designed to enhance healthcare delivery by optimising patient care workflows, integrating advanced health information technologies, improving data accuracy and accessibility, and enhancing patient outcomes and satisfaction. Concurrently, the SGH KSA Cybersecurity project is focused on fortifying SGH's digital infrastructure to ensure secure healthcare operations through a comprehensive set of security measures. This cybersecurity project aims to optimise system performance and provide a secure, efficient user experience. Key components include the installation of a Web Application Firewall (WAF) to protect web applications from cyber threats, as well as a remote access system to ensure secure and seamless connectivity for SGH employees. A Data Centre Firewall will be deployed to bolster defences at the core of SGH's operations. Additionally, the project will incorporate Identity and Access Management (IAM) to strengthen secure access control, Privileged Access Management (PAM) for safeguarding sensitive systems and accounts, and a 24/7 Security Operations Centre (SOC) to monitor and address threats in real-time. Furthermore, Security Information and Event Management (SIEM) tools will be implemented for advanced threat detection and incident management. The project will identify and mitigate potential risks as well as ensure business continuity and rapid recovery in the event of unexpected events or disruptions. This partnership is designed to elevate the region's healthcare system by combining state-of-the-art technology with robust cybersecurity solutions, ensuring patient safety and data protection are prioritised across all operations. -Ends-
