Finance Head Hospital

Location: Bhopal, Madhya Pradesh

Experience: 10+ Years

Industry: Healthcare / Hospital

Hospital Capacity: 80 Beds

Hospital Focus: Women & Child Care

Hospital Launch: March

Role Type: Full-time | Leadership Position

About the Role:

We are looking for an experienced Finance Head to lead the finance and accounting function for its upcoming 80-bedded Women & Child Care Hospital in Bhopal. The ideal candidate will have 10+ years of relevant experience in hospital/healthcare finance, with strong expertise in financial planning, budgeting, accounting, statutory compliance, hospital revenue management, cost control, MIS, audits, and financial governance. The candidate will play a key role in establishing the finance function and ensuring financial readiness for the hospital's launch and subsequent operations.

Key Responsibilities:

Financial Planning & Strategy:

- Lead the overall finance and accounting function of the hospital.

- Develop annual budgets, financial plans, cash-flow projections and business forecasts.

- Monitor financial performance against budgets and identify areas for cost optimization.

- Provide strategic financial insights to the Hospital Management and leadership team.

- Support business planning, expansion initiatives and capital expenditure decisions.

Hospital Finance & Revenue Management:

- Manage hospital revenue cycles, billing, collections and receivables.

- Monitor revenue from OPD, IPD, diagnostics, pharmacy, surgeries, insurance and corporate clients.

- Establish effective processes for revenue assurance and leakage control.

- Monitor insurance/TPA claims, settlements, deductions and outstanding receivables.

- Ensure accurate accounting of hospital operations and revenue streams.

Accounting & MIS:

- Oversee day-to-day accounting, general ledger, accounts payable and accounts receivable.

- Ensure timely closure of monthly, quarterly and annual financials.

- Prepare management MIS, dashboards and financial reports.

- Analyze profitability, margins, operating costs and department-wise financial performance.

- Establish appropriate financial controls and approval mechanisms.

Compliance & Audit:

- Ensure compliance with applicable statutory and regulatory requirements.

- Manage GST, TDS, income tax and other applicable statutory compliances.

- Coordinate internal, statutory and external audits.

- Ensure proper documentation, financial controls and audit readiness.

- Liaise with auditors, consultants, banks, insurers/TPAs and other external stakeholders.

Budgeting & Cost Control:

- Develop and monitor departmental budgets.

- Control hospital operating expenses and identify opportunities for cost efficiency.

- Monitor procurement expenses, vendor payments and inventory-related financial controls.

- Support CAPEX planning for medical equipment, infrastructure and hospital setup.

- Implement strong financial governance across departments.

Hospital Launch & Setup:

- Lead finance-related activities for the new hospital launch.

- Establish accounting processes, SOPs, controls and reporting structures before go-live.

- Set up billing, collection, payment and financial approval workflows.

- Work closely with HR, Procurement, Operations, IT and Hospital Administration teams.

- Ensure financial systems and processes are operationally ready before hospital opening.

Key Skills & Competencies:

- Strong knowledge of Hospital / Healthcare Finance

- Hospital revenue cycle management

- Budgeting, forecasting and financial planning

- MIS and financial reporting

- Cost control and profitability analysis

- TPA/Insurance billing and claims management

- Statutory compliance and taxation

- Audit management

- Cash-flow management

- Vendor and payment management

- Financial controls and SOP development

- Strong leadership and stakeholder management skills

- Excellent analytical and decision-making abilities

Candidate Profile:

- Qualification: CA / CMA / MBA Finance / M.Com or equivalent qualification.

- Experience: 10+ years of overall finance experience, with significant experience in hospitals/healthcare organizations.

- Candidates who have worked as Finance Head / Head of Finance / Financial Controller / Senior Finance Manager in hospitals will be preferred.

- Experience in hospital finance setup, stabilization or new hospital launch will be an added advantage.

- Strong understanding of hospital billing, TPA/insurance processes and healthcare revenue cycles is preferred.

- Candidates should have strong leadership skills and the ability to independently manage the complete finance function.

Preferred Candidate Background:

- Mandatory: Hospital / Healthcare Finance experience.

- Candidates from hospitals, healthcare groups, multi-specialty hospitals, women & child hospitals or healthcare chains with experience managing finance operations are preferred.

Why Join?:

- Opportunity to take ownership of the complete finance function of a new 80-bedded Women & Child Care Hospital and play a critical role in building the financial systems, controls and processes from the ground up.