Oversees the physician compensation, revenue analysis, and financial reporting. Calculates and disburses physician fees and incentives, as well as the preparation of detailed financial reports to support decision-making across departments. Provides operational and billing support, contributing to the overall efficiency and financial integrity of the hospital.
Physician Payments and Incentives
- Prepares fees payable to physicians based on specific fee-sharing agreements, ensuring timely processing of payments.
- Calculates and prepares physician incentives in accordance with contractual terms.
- Ensures the timely and accurate submission of bills to clients, along with proper documentation for billing purposes.
Reporting and Analytics
- Prepares and submits weekly and monthly CBD revenue reports.
- Generates and maintains various departmental reports, including weekly and monthly MIS reports.
- Prepares the monthly Insurance and Manual Discount report for the General Ledger.
- Assists in the preparation and analysis of package reports and package corrections/adjustments.
- Prepares the daily revenue report for American Hospital Clinics.
Billing Support
- Resolves day-to-day billing queries and provides support to departments on related issues.
- Ensures the accuracy and timeliness of collections processed by cashiers.
- Handles patient billing queries promptly and effectively.
Operational Support
- Assumes Main Cashier responsibilities when required, ensuring smooth cashiering operations.
- Assists with ad hoc reports and financial analyses as needed by the Finance Department.
QUALIFICATIONS & SKILLS:
- Bachelor’s Degree in Accounting, Finance, or a related field.
- Professional Qualifications such as CA, CMA, ACCA, or CPA preferred.
PROFESSIONAL EXPERIENCE:
- Minimum of three (3) years of progressive experience in a finance or accounting role, preferably within a healthcare, hospital, or large enterprise environment.
- Knowledge of physician compensation structures, including fee-sharing agreements and incentive calculation methods, ensuring timely and accurate payment processing.
- Knowledge of healthcare financial operations and revenue cycle management, with a focus on physician billing, insurance discounts, and departmental revenue reporting.
- Knowledge of accounting principles and standards applicable to hospital finance, including general ledger reconciliation and reporting.
- Skills in preparing and analysing financial and operational reports, such as daily revenue reports, MIS summaries, insurance discounts, and package adjustments.
- Skills in utilising financial software, spreadsheets, and hospital management systems to generate data-driven reports and ensure data accuracy.
- Skills in Excel and financial modelling tools (e.g., pivot tables, VLOOKUP, charts) to analyse trends and support data-driven decision-making.
- Ability to process, track, and validate collections from various cashiers, ensuring reconciliation and timely submission of revenues.
- Ability to manage main cashier functions as needed, maintaining operational continuity and ensuring seamless financial transactions.