Account Head - Hospital

Job Responsibilities:  Oversee day-to-day accounting operations, including accounts payable, receivables, general ledger, cash and bank transactions.  Ensure accurate and timely monthly, quarterly, and annual financial closing.  Prepare MIS, profit & loss statements, balance sheets, cash-flow statements, and management reports.  Monitor revenue, expenses, profitability, and financial performance.  Ensure proper accounting of OPD, IPD, pharmacy, diagnostics, OT, ICU, insurance/TPA and other hospital revenues.  Supervise hospital billing and revenue-cycle processes.  Monitor outstanding patient, corporate, insurance and TPA receivables.  Ensure timely submission and settlement of insurance/TPA claims.  Identify revenue leakages, billing discrepancies, refunds and credit adjustments.  Coordinate with billing, insurance, medical and operations teams to improve collections.  Lead annual budgeting and forecasting exercises.  Track actual performance against budgets and investigate significant variances.  Provide financial analysis and recommendations to management.  Assist management in cost-control and profitability improvement initiatives.  Prepare and monitor cash-flow forecasts.  Manage working capital and ensure adequate liquidity.  Monitor vendor payments and patient/insurance collections.  Maintain appropriate controls over cash, petty cash and bank transactions.  Ensure compliance with applicable accounting, taxation and statutory requirements.  Oversee GST, TDS, income-tax and other applicable statutory filings.  Coordinate with statutory auditors, tax consultants and internal auditors.  Ensure timely completion of audits and resolution of audit observations.  Establish and maintain strong financial controls and approval processes.  Review financial transactions for accuracy, authorization and compliance.  Conduct periodic checks of cash, inventory, billing and revenue processes.  Support internal, statutory and tax audits.  Implement corrective actions arising from audit findings.  Review vendor invoices, purchase documentation and payment approvals.  Ensure proper matching of purchase orders, goods receipts and invoices where applicable.  Monitor vendor ageing and negotiate payment schedules when required.  Coordinate with procurement and stores teams on financial controls.  Oversee payroll accounting and related statutory deductions.  Ensure timely payment of salaries and statutory employee-related liabilities.  Coordinate with HR for payroll reconciliations and employee advances/settlements.  Lead and supervise the accounts and finance team.  Define responsibilities, targets and performance standards.  Train team members and improve accounting processes.  Ensure adequate segregation of duties and operational controls.  Calculate doctor incentives based on approved agreements, revenue, OPD/IPD, procedures, surgeries and other applicable performance parameters.  Reconcile doctor-wise billing, collections, discounts, refunds and revenue data to ensure accurate incentive calculations.  Prepare doctor-wise incentive statements, obtain management approval and ensure timely and accurate payment.  Maintain incentive MIS, ensure proper documentation and identify errors or revenue leakages.  Identify opportunities for cost reduction and revenue improvement.  Monitor data accuracy and reconciliation between billing, pharmacy, purchase, inventory, payroll, and accounts. 