Audit Executive

3 months ago

Attapur Hyderabad Telangana, India Zoi Hospital Full time

**Job Title**: Audit Executive

**Hospital Name**: Zoi Hospitals

**City**: Hyderabad

**Location**: Attapur and Ameerpet

**Job Summary**:
The Audit Executive in a hospital setting is responsible for conducting audits across various departments to ensure compliance with healthcare regulations, financial integrity, and operational efficiency. This role involves reviewing medical billing, patient care documentation, inventory management, and adherence to healthcare standards. The Audit Executive works closely with hospital management to identify risks, recommend improvements, and ensure that the hospital operates in line with regulatory requirements and best practices.

**Key Responsibilities**:

- **Healthcare Compliance Audits**:

- Review patient records, billing processes, and coding practices to ensure accuracy and compliance with healthcare policies.
- Assess adherence to hospital protocols and standards of patient care.
- **Financial Audits**:

- Audit financial statements, revenue cycle management, and expenditure processes to ensure accuracy and prevent fraud.
- Review the hospital's financial controls, including payroll, procurement, and inventory management systems.
- Monitor compliance with financial policies, including cost management and budgetary controls.
- **Operational Efficiency**:

- Evaluate the efficiency of hospital operations, including patient flow, resource allocation, and supply chain management.
- Identify areas for cost reduction and process improvement within the hospital's operations.
- Provide recommendations for enhancing the hospital’s operational efficiency and service delivery.
- **Risk Management**:

- Conduct risk assessments to identify potential threats to the hospital's operations, finances, and reputation.
- Assist in developing risk mitigation strategies and ensuring their implementation.
- Participate in the hospital's emergency preparedness and response planning.
- **Audit Reporting**:

- Document audit findings and prepare comprehensive audit reports with actionable recommendations.
- Present audit results to hospital leadership and collaborate on implementing corrective actions.
- Follow up on audit recommendations to ensure effective resolution.
- **Regulatory Compliance**:

- Stay updated on changes in healthcare laws, regulations, and accreditation standards.
- Ensure the hospital's compliance with local, state, and federal healthcare regulations.
- Provide training and guidance to hospital staff on compliance-related matters.
- **Collaboration & Communication**:

- Work closely with clinical, administrative, and financial departments to obtain necessary information for audits.
- Maintain open communication with hospital management to discuss audit processes, findings, and recommendations.
- Support cross-departmental initiatives to enhance overall hospital performance.

**Qualifications**:

- **Education**:

- Bachelor’s degree in Accounting, Finance, Healthcare Administration, or a related field.

**Skills**:

- Strong analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Proficiency in healthcare auditing software and Microsoft Office Suite.
- Ability to work independently and as part of a team.
- Strong attention to detail and organizational skills.
- Knowledge of auditing standards, procedures, and healthcare regulations.

**Job Types**: Full-time, Permanent

**Benefits**:

- Provident Fund

Schedule:

- Day shift
- Night shift
- Rotational shift

Supplemental Pay:

- Yearly bonus

Work Location: In person

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