Emirates NBD, Daman launch Early Payment Scheme

Dubai – Mubasher: Emirates NBD and the National Health Insurance Company (Daman) have launched 'Early Payment Scheme' to deploy this new financing initiative across Daman’s medical network in the UAE.

Daman's initiative will be integrated with Emirates NBD smartSCF, a fully automated intuitive supply chain financing solution, to support mass claim processing, according to a press release on Wednesday.

The scheme will enable medical facilities to benefit from enhanced cash flows, improved operational capabilities, and visibility of their payment status through dashboards on smartSCF. 

The CEO of the National Health Insurance Company – Daman, Hamad Al Mehyas, said: "In this period of the healthcare industry’s global evolution, owed to logistical challenges of the pandemic, it is imperative that we facilitate options for businesses to power the future of their operations."

Meanwhile, the Senior Executive Vice President and Group Head, Corporate, and Institutional Banking at Emirates NBD, Ahmed Al Qassim, commented: "Our smartSCF solution streamlines and simplifies supply chain collaborations by infusing liquidity in the supply chain and unlocking working capital."

Mubasher Contribution Time: 15-Jun-2022 13:14 (GMT)
Mubasher Last Update Time: 15-Jun-2022 13:14 (GMT)