22 Ford Hospital And Research Centre Patna Jobs in Patna

A Hospital Accounts Manager plays a crucial role in managing the financial health of a hospital. Their Key Responsibility Areas (KRA) include:

1. Financial Management

• Oversee hospital accounts, budgets, and financial planning.
• Ensure timely collection of payments from patients, insurance companies, and corporate clients.
• Manage hospital expenses, including salaries, procurement, and operational costs.
• Ensure compliance with taxation and other financial regulations.

2. Billing & Revenue Cycle Management (RCM)

• Supervise patient billing, ensuring accuracy in charges for treatments, surgeries, and services.
• Handle insurance claims processing and liaise with insurance providers for approvals and reimbursements.
• Implement measures to reduce billing errors and revenue leakages.

3. Compliance & Auditing

• Ensure adherence to hospital financial policies and legal requirements.
• Prepare financial reports and statements for audits.
• Implement internal controls to prevent fraud and financial mismanagement.

4. Accounts Payable & Receivable

• Monitor and manage hospital vendor payments and supplier invoices.
• Follow up on outstanding payments from patients and third-party payers.
• Reconcile accounts regularly to maintain accurate financial records.

5. Budgeting & Cost Control

• Develop and manage hospital budgets to ensure profitability.
• Monitor expenses and suggest cost-cutting measures without compromising service quality.
• Track financial performance and provide insights for decision-making.

6. Financial Reporting & MIS

• Generate financial reports, including balance sheets, profit & loss statements, and cash flow statements.
• Provide management with insights on revenue trends and financial risks.
• Ensure timely submission of financial reports to stakeholders.

7. Team Management & Coordination

• Lead and supervise the accounts team, ensuring efficiency in daily financial operations.
• Train staff on hospital accounting policies and procedures.
• Coordinate with other departments, including administration, procurement, and patient services, for financial matters.