Chief Financial Officer

6 months ago

Bhopal, India Bansal Group Full time

**Hiring for Bansal Hospital**

**Profile: Chief Financial Officer**

**Location: Bhopal (On site)**

**Role Description**

This is a full-time on-site role for a **Chief Financial Officer at Bansal Group**, located in Bhopal. The Chief Financial Officer (CFO) in a hospital plays a pivotal role in managing the financial aspects of the healthcare institution. Here's an outline of the responsibilities and qualifications typically associated with this position:
**Responsibilities**:

- **Financial Strategy and Planning**:

- Develop and implement financial strategies aligned with the hospital's mission and objectives.
- Oversee budgeting, forecasting, and financial planning processes specific to healthcare operations.
- Evaluate and recommend financial strategies to ensure long-term financial sustainability.
- **Financial Reporting and Analysis**:

- Provide accurate and timely financial reports for internal stakeholders and regulatory bodies.
- Conduct financial analysis to support decision-making on cost management, revenue enhancement, and investment opportunities.
- Monitor financial performance metrics related to patient care, revenue cycles, and operational efficiency.
- **Revenue Cycle Management**:

- Supervise revenue cycle processes, including billing, coding, and collections, ensuring compliance with healthcare regulations.
- Implement strategies to optimize revenue streams, reduce billing errors, and enhance reimbursement processes.
- **Compliance and Risk Management**:

- Ensure compliance with healthcare financial regulations and standards (e.g., HIPAA, Medicare, and Medicaid).
- Develop and implement internal controls to mitigate financial risks and fraud.
- Stay updated with changes in healthcare finance laws and regulations, adapting hospital policies accordingly.
- **Capital Management and Investments**:

- Manage capital allocation, investments, and financial resources for equipment, facility upgrades, and technology.
- Evaluate financing options for healthcare projects or expansions, considering long-term financial implications.
- **Leadership and Team Management**:

- Lead and mentor the finance team, fostering a collaborative and efficient work environment.
- Collaborate with other department heads to align financial goals with patient care and operational objectives.

**Qualifications**:

- Bachelor’s degree in Finance, Accounting, Healthcare Administration, or related field; MBA, CPA, or relevant certifications preferred.
- Extensive experience (usually 10+ years) in financial management within healthcare settings.
- Strong knowledge of healthcare finance, reimbursement mechanisms, and regulatory compliance.
- Proficiency in financial analysis, budgeting, and strategic planning
- Excellent leadership, communication, and problem-solving skills.

**Preferred Industry: Hospitals/Healthcare**

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

**Salary**: ₹65,000.00 - ₹80,000.00 per month

Ability to commute/relocate:

- Bhopal, Madhya Pradesh: Reliably commute or planning to relocate before starting work (required)

**Experience**:

- total work: 7 years (preferred)

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