- CA qualified with 8-12 years in finance including 3-5 years in hospital finance and expertise in healthcare billing and insurance processes
- Oversee hospital financial operations, budgeting, revenue cycle management, compliance, audits, and team supervision
Key Responsibilities 1. Financial Management
- Oversee daily financial operations of the hospital.
- Prepare and review monthly, quarterly, and annual financial statements.
- Ensure accurate accounting records and compliance with financial regulations.
- Monitor cash flow, accounts payable, and accounts receivable.
2. Budgeting & Financial Planning
- Develop and manage annual hospital budgets.
- Monitor departmental budgets and control costs.
- Conduct financial forecasting and variance analysis.
- Support management with financial insights for strategic decisions.
3. Revenue Cycle Management
- Oversee billing, insurance claims, and collections.
- Monitor patient revenue and ensure timely reimbursement.
- Improve financial performance through revenue cycle optimization.
4. Compliance & Audit
- Ensure compliance with healthcare financial regulations and internal policies.
- Coordinate internal and external audits.
- Implement financial controls to prevent fraud and errors.
5. Financial Reporting & Analysis
- Prepare financial reports for senior management and board members.
- Analyze financial performance and recommend improvements.
- Track key financial indicators such as cost per patient, revenue per bed, and operational margins.
6. Team Management
- Supervise finance, billing, and accounting staff.
- Train and mentor finance team members.
- Ensure smooth coordination with clinical and administrative departments.
Required Qualifications
- Education:
- Bachelors degree in Finance, Accounting, or Commerce
- Mandatory: CA
- Experience:
- 8-12 years in finance/accounting
- 3-5 years in hospital or healthcare finance
Key Skills
- Financial planning and analysis
- Healthcare billing and insurance processes
- Budgeting and cost control
- Accounting software and ERP systems
- Regulatory compliance and auditing
- Robust analytical and leadership skills