Business Finance Associates

1 week ago

Bengaluru, Karnataka, India Happiest Health Systems Full time ₹ 9,00,000 - ₹ 12,00,000 per year

Job Summary:

The Business Finance Associate will be responsible for managing financial planning, budgeting, and performance analysis across Healthcare Services (Clinics), diagnostic labs/CECs, and Wellness Services. The role requires a strategic thinker with strong analytical skills to optimize revenue streams, control costs, and support business expansion in the healthcare sector.

Key Responsibilities:

Financial Planning & Analysis (FP&A):

  • Develop annual budgets, rolling forecasts, and long-term financial plans for clinic operations, diagnostics, and wellness services that support the strategy.
  • Track KPIs (patient volume, test utilization, AR days, service profitability) and provide actionable insights to leadership.
  • Analyse revenue cycles (fee-for-service, insurance reimbursements (as & when covered), package pricing and identify opportunities for margin improvement.
  • Prepare & present periodic MIS & financial reports (Plan vs Actuals) with performance dashboards & strategic recommendations for senior management.

Revenue Optimization, Cost Control & & Commission structure:

  • Pricing Strategy: Analyse pricing models for consultations, diagnostic tests, and wellness programs (e.g., memberships, corporate wellness etc).
  • Cost Management & tracking: Monitor expenses (lab supplies, medical equipment, staffing) and implement efficiency improvements.
  • Billing Oversight: Work with billing teams to ensure the completeness & wherever applicable optimize insurance claims processing, reduce denials, and improve collections.
  • Managing Commission Structures for Clinics team including consulting doctors.

Business Strategy & Growth Support:

  • Evaluate new service lines through financial modelling and ROI analysis.
  • Support expansion initiatives (new clinics, lab partnerships, acquisitions) with feasibility studies and investment proposals.
  • Collaborate with marketing to assess promotional campaigns, corporate wellness contracts, and patient acquisition costs etc.

Compliance & Risk Management:

  • Ensure adherence to healthcare financial regulations.
  • Implement internal controls for revenue recognition, inventory management (diagnostic supplies), and fraud prevention.
  • Liaise with auditors, tax advisors, and healthcare financiers for compliance and funding needs.

Cross-Functional Leadership:

  • Partner with Medical Directors or Mentors, clinic managers, lab directors, Wellness leads, team of Operations, Quality, marketing, project implementation Sales, Technology officers to align financial and operational goals.
  • Mentor finance and core team of Clinics, Diagnostic and Wellness Centre (accountants, admin etc) and streamline processes (AP, compensation, inventory tracking etc).

Qualifications & Skills:

  • Education: CA/MBA in Finance.

Experience:

  • 1-3 years in Business Finance/FP&A role
  • Knowledge of medical & wellness centres billing, lab economics, and insurance reimbursement is an added advantage.

Technical Skills:

  • Strong Accounting Knowledge & Advanced financial modelling (Excel, Power BI). To be a Technology Savvy & have worked on ERP systems (Like MS Dynamics & lab-specific software).
  • Familiarity with healthcare analytics tools is a +

Soft Skills:

  • Strong problem-solving and ability to simplify complex financial data for non-finance teams.
  • Influence cross-functional stakeholders.
  • Act with Integrity & be an energised and inspirational manager aligning to Company's Mission, Vision and Values.

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