02 Aug
|
N Human Resources & Management Systems
|
Bengaluru
02 Aug
N Human Resources & Management Systems
Bengaluru
Position: Manager-Business Finance
Location:Bengaluru.
Department: Business Finance
Reports To: Head of Finance
Employment Type: Full time
Job Summary:
The Business Finance Manager will be responsible for managing financial planning, budgeting, and performance analysis across Healthcare Services (Clinics), diagnostic labs/CECs, and Wellness Services. The role requires a strategic thinker with strong analytical skills to optimize revenue streams, control costs, and support business expansion in the healthcare sector.
Key Responsibilities:
Financial Planning & Analysis (FP&A;):
• Develop annual budgets, rolling forecasts, and long-term financial plans for clinic operations, diagnostics, and wellness services that support the strategy.
• Track KPIs (patient volume, test utilization, AR days, service profitability) and provide actionable insights to leadership.
• Analyse revenue cycles (fee-for-service, insurance reimbursements (as & when covered), package pricing and identify opportunities for margin improvement.
• Prepare & present periodic MIS & financial reports (Plan vs Actuals) with performance dashboards & strategic recommendations for senior management.
Revenue Optimization, Cost Control & & Commission structure:
• Pricing Strategy: Analyse pricing models for consultations, diagnostic tests, and wellness programs (e.g., memberships, corporate wellness etc).
• Cost Management & tracking: Monitor expenses (lab supplies, medical equipment, staffing) and implement efficiency improvements.
• Billing Oversight: Work with billing teams to ensure the completeness & wherever applicable optimize insurance claims processing, reduce denials, and improve collections.
• Managing Commission Structures for Clinics team including consulting doctors.
Business Strategy & Growth Support:
• Evaluate new service lines through financial modelling and ROI analysis.
• Support expansion initiatives (new clinics, lab partnerships, acquisitions) with feasibility studies
📌 Finance Manager | Bangalore (Bengaluru)
🏢 N Human Resources & Management Systems
📍 Bengaluru