Job Description

1. Financial Planning & Budgeting Develop and manage annual budgets in coordination with department heads. Monitor budget utilization and implement corrective actions for variances. Prepare financial forecasts, long-term plans, and cash flow projections. 2. Financial Reporting & Analysis Prepare monthly, quarterly, and annual financial statements. Analyze financial performance indicators (P&L, balance sheet, cash flow). Present financial insights to the leadership team for strategic decisions. 3. Revenue Cycle Management Oversee billing, coding, claims processing, collections, and reconciliation. Monitor Days Sales Outstanding (DSO) and implement AR reduction strategies. Ensure effective coordination with TPAs and insurance companies. 4. Cost Management & Control Analyze cost structures and identify cost-saving opportunities. Support departments in managing expenses within budget limits. Drive initiatives for cost efficiency without compromising service quality. 5. Compliance & Audit Ensure compliance with statutory regulations (GST, TDS, Income Tax, etc.). Manage internal and external audits; address findings proactively. Maintain accurate documentation and timely statutory filings. 6. Capital Expenditure & Asset Management Evaluate capital investment proposals and perform ROI analysis. Monitor capital project budgets and disbursements. Oversee fixed asset accounting, tagging, and depreciation. 7. Financial Systems & Process Improvement Oversee implementation and optimization of ERP/HIS systems. Drive automation and digitization of financial processes. Ensure accurate data flow between clinical and finance systems. 8. Strategic Support & Decision-Making Support hospital expansion, mergers, or new service feasibility studies. Prepare business cases, project financial models, and investment justifications. Collaborate in pricing strategy for services and packages. 9. Team Leadership & Development Supervise and mentor the finance and accounts team. Ensure clear delegation of responsibilities and performance monitoring. Promote skill development and succession planning. 10. Stakeholder Management Liaise with banks for working capital, term loans, and other financing. Coordinate with auditors, consultants, and regulatory authorities. Present financial reports to the Board, investors, and senior management.