Chief Financial Officer - Hospital Space

CFO Hospitals, Chennai

15 - 25 years

SIMS HOSPITAL SRM Group of companies

Job 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 detail

Qualification: 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.