Job Description

CFO Hospitals, Chennai15 - 25 yearsSIMS HOSPITAL SRM Group of companiesJob description:Role & responsibilities:- Good understanding on Finance , month end processes , MIS reporting, data analysis , Variance analysis , Budget, Forecast.- Ability to create financial models (cash flow, DCF, NPV, P/L , CAPM, payback, CBA, business valuation, equity analysis, Investor deck ,forecastand various models)- Develop and implement comprehensive financial strategies that align with the hospital\'s mission, vision, and strategic objectives- Lead the development of annual operating budgets, long-range financial plans, and capital expenditure budgets.- Conduct financial forecasting and scenario analysis to support strategic decision-making and mitigate financial risks.- Oversee the preparation and distribution of accurate and timely financial reports, including monthly, quarterly, and annual financial statements.- Analyse financial performance, identify variances, and provide insights to drive operational efficiency and cost optimization.- Direct revenue cycle operations, including billing, coding, claims processing, and reimbursement functions.- Implement strategies to maximize revenue capture, reduce denials, and improve collections efficiency.- Collaborate with clinical and administrative departments to optimize charge capture and revenue integrity.- Coordinate external audits and regulatory reviews, addressing audit findings and implementing corrective actions as needed.- Evaluate capital investment opportunities, including facility expansion, technology upgrades, and equipment purchases.- Develop business cases and financial projections to support capital investment decisions, balancing return on investment with strategic priorities.- Identify and assess financial risks, including market volatility, reimbursement changes, and operational disruptions.- Monitor insurance coverage, liability risks, and contractual obligations to protect the hospital\'s financial interests and Develop risk mitigation strategies and contingency plans to minimize financial exposure- Proficiency in financial analysis, due diligence, and risk assessment.- Excellent communication and negotiation skills.- Attention to detailQualification: Bachelor\'s degree in Finance/ Accounting/ Healthcare Administration, or related field; MBA or CA strongly preferred.Experience: Minimum of 15 years of progressive experience in financial management, with at least 5 years in a senior leadership role within the healthcare industry.

IIM Jobs