March 7, 2019 – Genmed, a specialist supplier of vendor impartial managed companies to the NHS, at this time publicizes the appointment of Ruth Billen as finance director. She can be liable for guaranteeing that Genmed’s monetary controls are sturdy, the enterprise is able to scale and the suitable inner and IT methods are in place to help this progress. Based mostly on the firm’s Welsh workplace in Cwmbran, she may also handle a finance workforce of 4 overseeing all accounting, budgeting, monetary reporting and funding features. Ruth Billen, the brand new finance director at GenmedSince 2014, Genmed’s revenues have elevated 275% – a mirrored image of the recognition and adoption of managed companies within the NHS – with revenues of £38.6 million posted in its final monetary 12 months ending March 31, 2018. Genmed now works for over 40 NHS Trusts and Well being Boards all through the UK managing over 220 contracts price in extra of £510 million. A Chartered Accountant who gained eight years’ expertise at PricewaterhouseCoopers (PwC) as an audit supervisor, Ruth Billen then labored within the aerospace and defence sector earlier than shifting into the IT business. Previous to becoming a member of Genmed, she was monetary controller at Adapt, a personal fairness backed IT managed companies supplier, who was subsequently acquired twice, firstly by Datapipe in 2016 the place she grew to become finance director, after which in 2017 by Rackspace, a number one IT as a Service cloud firm. At Rackspace, she was appointed director of accounting main the combination of the quite a few monetary workstreams related to the Datapipe enterprise. Commenting on her appointment, Ruth Billen says, “I wished to be a part of a smaller enterprise once more the place I will be palms on and a part of a workforce the place I could make a distinction. Becoming a member of Genmed is an actual alternative to be concerned in an organisation that’s rising shortly and has a really thrilling future forward.”Robin Modak, Genmed’s chief government officer, says, “Ruth was the candidate who shone in relation to a capability to see the monetary implications of a fast paced enterprise like ours. Not solely does she have rigorous analytical abilities and understands the complexities of various monetary and funding fashions, however she will suppose laterally and intuitively too – abilities we might want to capitalise on as we work to solidify Genmed’s place because the premier managed service supplier to the NHS and search for alternatives to develop the enterprise internationally.”-ENDS-About GenmedFounded in 2007 and based mostly in London and Wales, Genmed is a vendor impartial managed service supplier specialising within the well being sector. It really works with 40 NHS Trusts and Well being Boards across the nation the place, so far, it has 220 contracts supporting a wide range of medical disciplines equivalent to pathology, surgical procedure, endoscopy, imaging together with medical information, IT and amenities. Genmed’s asset finance necessities are funded by giant blue chip companions together with Société Generale and GE Capital. At present Genmed’s contract portfolio totals round £510 million.Genmed is headquartered in Weybridge, Surrey. For additional data, please go to www.genmed.eu For additional data, please contactTom HerbstTom Herbst PRT:07768 145571 E-mail: [email protected]