A Chief Finance Officer (CFO) in a hospital plays a critical leadership role in managing the financial health, sustainability, and strategic growth of the organization. The CFO ensures that the hospital operates efficiently while maintaining compliance, profitability, and quality patient care.
1. Financial Planning & Budgeting
- Prepare annual hospital budgets and departmental budgets
- Monitor revenue, expenses, and cash flow
- Forecast financial performance and future financial needs
- Develop cost-control strategies without affecting patient care quality
2. Revenue Cycle Management
- Oversee billing, collections, insurance claims, and reimbursements
- Monitor:
- IP & OP revenue
- Insurance receivables
- Corporate tie-ups
- TPA settlements
- Improve collection efficiency and reduce revenue leakage
3. Financial Reporting & Analysis
- Prepare:
- Profit & Loss statements
- Balance sheets
- MIS reports
- Financial dashboards
- Present financial reports to the CEO, Board of Directors, and management
- Analyze departmental profitability and operational performance
- EBITDA Margin
- Net Profit Margin
- AR Days (Accounts Receivable)
- Cash Flow Position
- Revenue Growth %
- Cost per Occupied Bed
- Payroll Cost Ratio
- Insurance Claim Settlement TAT
- Budget Variance %
- Collection Efficiency %
4. Cost Management & Control
- Monitor operational costs:
- Pharmacy
- Consumables
- Payroll
- Equipment maintenance
- Vendor payments
- Implement cost optimization initiatives
- Control wastage and improve financial efficiency
5. Strategic Financial Decision-Making
- Support hospital expansion plans
- Evaluate:
- New branches
- Capital investments
- Medical equipment purchases
- ROI on projects
- Participate in strategic planning with leadership teams
6. Compliance & Risk Management
- Ensure compliance with:
- Tax regulations
- Statutory audits
- Healthcare financial regulations
- NABH/NABL financial standards
- Manage financial risks and internal controls
- Coordinate external and internal audits
7. Banking & Fund Management
- Manage:
- Bank relationships
- Loans and working capital
- Investments
- Cash reserves
- Negotiate financing and credit facilities
8. Payroll & Compensation Oversight
- Supervise salary disbursements and payroll budgeting
- Monitor manpower cost ratios
- Ensure compensation structures align with hospital finances
9. Vendor & Procurement Financial Oversight
- Approve major purchases and contracts
- Monitor procurement costs
- Negotiate with vendors for better pricing and payment terms
- Lead finance, billing, accounts, audit, and procurement teams
- Develop SOPs and financial policies
- Ensure accountability and transparency in financial operations
- Intrested Candidates can apply to corporatehr@srikarahospitals.com or WhatsApp to 9100097574
Pay: ₹100,000.00 - ₹250,000.00 per month
Work Location: In person
