Robin Modak – Top 50 most ambitious business leaders 2019

Since Genmed was founded in 2005, the business has grown exponentially with the company now one of the leading providers of vendor neutral managed services providers to the NHS. Over the past six years, Genmed’s turnover has increased 513%, with year on year revenue growth rising from £38.6 million (2017/18) to £63.2 million (2018/19).

Genmed partners with 42 Trusts around the country and has 250 managed service contracts (MSCs) some of which are substantial totalling £180 million over their contractual term. Managed services shift costs from CAPEX to OPEX and mean finance directors avoid having to find additional capital they just don’t have available.

Key customers include Countess of Chester Hospital, London Northwest University Healthcare, Norfolk & Norwich University Hospitals, Nottingham University Hospitals, South West London Elective Orthopaedic Centre and Wirral University Teaching Hospital among others.

Robin Modak says, “It’s a real honour to be chosen. I launched the company in 2005 after my previous employer in 2002 didn’t see the opportunity that managed services presents the NHS and two joint ventures with corporates didn’t fly. We now provide a unique service and much needed capital to Trusts via our managed service contracts, with hospitals authorised to reclaim the VAT back on them so they get a 20% budget benefit. We have ambitious goals for the business. Our strategy is to not only support public hospitals but target the private healthcare sector in the UK and internationally, too.”