Services

How We Work

How we navigate financial success

01. Consultation and needs assessment

During this phase, our experienced team will engage with you to understand your specific needs, challenges, and financial goals.

02. Customized proposal and planning

We believe in transparent communication and want you to be fully informed about the services you’ll receive.

02. Implementation and execution

Whether it’s financial analysis, tax planning, or strategic consulting, our team will execute the agreed-upon plan with precision and dedication.

03. Evaluation and ongoing support

We provide ongoing support, whether it’s fine-tuning strategies, addressing emerging financial challenges, or adapting to changes in your business environment.

Our services

Advanced financial modeling services

ABS –Accounting & Bookkeeping

ABS delivers accurate bookkeeping and accounting to support informed decisions and enhance financial performance.

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CS-Consultancy Services

CS delivers expert consultancy, driving strategic growth, operational efficiency, and sustainable success.

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RCM-Revenue Cycle Management

Our expert RCM services streamline workflows to maximize revenue and improve financial efficiency.

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Accounting and Bookkeeping Services – Hospital Industry

General Ledger (GL) & Reporting

Financial statement preparation & reporting (Standalone &Consolidation)
Financial Reporting under IFRS
Period end JVs
Accruals & prepayments
Related party, Intercompany transactions and allocations
Sub Ledger (Inventory, Payroll, FA, AP, AR) reconciliation
GL level variance analysis
ERP super user
Supplier rebates
External & Internal Audit
COA Management
Periodic physical asset and inventory count supervision

Accounts Payable (AP)

Supplier invoices booking
Supplier & other payments
Supplier month /period end recon
Staff & related payment
Petty cash & Credit Card management
Supplier creation & management
Cash outflow forecast
External & Internal Audit schedule
HTH system management
Periodic physical asset and inventory count

Treasury

Liquidity management
Daily, weekly, monthly & yearly cash flow forecasts
Banking facilities management (drawdown, repayment, extension, renewal, covenants, CP,CS).
BG, PB, APG, LG, LC, PAR,CAR etc management
Interest rate risk management
Bank Account Opening & Closing
Bank accounts & DOA management
Online banking
Capital Calls
Bank reconciliation
Relationship management with bankers
Dividends

Accounts Receivable

Customer collection & follow-ups
Cash conversion & wc optimization
Revenue, billing, submission, resubmission reconciliation
Revenue reconciliation with GL
Revenue periodical closing and validation per IFRS-15
Contractual discounts & variable consideration accounting
RA & deposit creation & allocation
IC & corporate customer Recon
Aging analysis & ECL
Physician PLP computation & payment
Rejection review , analysis and rejection reduction strategies with RCM

PLP & Payroll Management

Monthly payroll
Final settlements
Staff advance etc.
Physician PLP computation & payment
Payroll accounting
Payroll Audits
Pay slips
Staff cost benchmarking and report
WPS transfers
GOSI calculation
Gratuity, Leave salary, air ticket and final settlement administration and management
Functional support in implementation of payroll module

Fixed Assets

Fixed assets register development
Fixed assets tagging and controlling
Periodic fixed asset counting and reconciliation
Fixed asset system implementation support
Asset maintenance software implementation support

IFRS Implementation Advisory

IFRS implementation
IAS implementation and compliance
Impact assessment of new IFRS
Accounting advisory on complex transactions
IFRS compliance checks/audits
IFRS advisory during system implementation

Accounting Software Supported

Oracle Fusion
SAP S4 Hana
Quick Book
Microsoft Dynamic Business Central
Track Care
Track Care
Other HIS

Consultancy Services

Financial Advisory Services

Long term financial planning and financial models
Business valuation services
Financial & commercial Due diligences
Investment advisory services
IFRS & IAS implementation
Accounting advisory
Finance function transformation services
Actuarial valuation services
Most merger integration

FP&A and Decision Support Services

Daily MIS reporting
Annual Budgets
Rolling monthly / quarterly forecasts
Financial feasibilities, cost benefit analysis
Doctor level profitability
Service line profitability
Adhoc Financial analysis
Workforce planning
Data analytic and dash boards
Board presentation
Project budget execution and accounting
Item wise procedure wise standard costing

Tax Advisory Services

VAT implementation
VAT registration
VAT return filing
VAT refund filing
VAT audit support
CT implementation
CT registration
CT return filing

CT audit support
Tax planning
Compliance
VAT & CT system implementation support
Transfer pricing services
Zakat
Withholding Tax

ERP Implementation Support Services

ERP functional consultancy Chart of Account development
Chart of Account development
GL,AP, FA, AR ,Cash management, payroll functional consultancy
Functional consultancy of ERP integration with front end utility
ERP Post implementation support
Oracle fusion, SAP S4 Hana, Microsoft Dynamic Business Central
Finance digital transformation (integration with Bank, tax authorities and other software utilities)
Digital committee

Risk Advisory Services

Corporate Governance Services

Corporate Governance Framework
Board formation
Board committees
Charter & ToRs
Policies & Procedure
Delegation of Authorities
Independent board member services

CFO Services

CFO Services
Strategy Services
Value creation
Governance & Control
Team development
Investor relations
Risk management

Management Audits

Assessment of Internal Processes for Operational Efficiency and Effectiveness
Assessment of decision-making processes and accountability
Assessment of Internal Reporting and Decision-Support Systems
Identification of process bottlenecks and performance gaps
Analysis of resource utilization and cost control measures

Revenue Cycle Management

Claim Coding

Accurate ICD-10, CPT, and HCPCS coding
Claims scrubbing to identify and correct errors.
Regular compliance audits to ensure adherence to Health Authority guidelines.
Specialty-specific coding expertise (e.g., cardiology, orthopedics, radiology).
Specialty-specific coding expertise (e.g., cardiology, orthopedics, radiology).
Training and education for coders on the latest coding standards.
Providing qualified coders and quality auditors as per the requirement (Onsite /Online).
Attending insurance / Government audit

Submission

Timely submission of claims to payers (insurance companies, government payers, Private Companies).
Integration with EHR/EMR systems for seamless workflow.
Customized reporting on claim submission status and performance metrics.
Compliance with payer-specific rules and regulations.
Management of both electronic and paper claims
Ensuring accurate patient demographics and documentation.

Resubmission & Reconciliation

Identification and correction of errors in rejected or denied claims
Timely resubmission of corrected claims to avoid delays in reimbursement.
Reconciliation of accounts receivable (AR) to track payments and outstanding balances.
Resolution of discrepancies in payments through communication with payers.
Maintaining audit trails for all resubmissions and corrections.
Upon the payment received, creation of receipt vouchers and allocate this payment to outstanding claims.
Insurance companies are approached, and a meeting is arranged with them to accept claims that were rejected after the second resubmission.

Rejection Analysis & Management

Root cause analysis of claim rejections to identify common issues (e.g., coding errors, missing documentation)
Development and implementation of denial management strategies.
Tracking and reporting on denial trends and patterns
Training staff on best practices to minimize rejections.
Proactive measures to reduce future rejections and improve reimbursement rates
Identifying rejection percentages by department, Doctor and Procedures and take action to resolve them in the future.

Physician Training Support

Training physicians on accurate coding and clinical documentation practices.
Providing updates on the latest coding guidelines and regulatory changes
Conducting customized workshops and webinars tailored to the organization’s needs.
Offering feedback on documentation accuracy and suggesting improvements.
Creating tailored training materials and resources for continuous learning.

Insurance Pre-approval

Verification of insurance coverage and patient eligibility
Coordination with insurance providers for timely approvals
Preparation and submission of pre-authorization requests
Monitoring turnaround time for approval responses
Ensuring compliance with payer-specific guidelines Insurance Pre-app

Insurance Pre-approval

RCM Software Supported

Trusted reviewer

“I had the pleasure of engaging ARABIAN CAPITAL CONSULTANTS for their accounting & finance consulting services, and the experience has been nothing short of exceptional. From the initial consultation to the implementation of their strategic recommendations, the team demonstrated a level of professionalism and expertise that surpassed my expectations.”

Taylor Danilla

Client since 2016

Don't hesitate to contact us any time you need

Whether it’s a quick inquiry or a detailed discussion, we’re here to provide the support and information you need. Your success is our priority, and we’re just a message or call away. Contact us with confidence—your queries are welcomed anytime.