Finance Head

Narayana Health (NH); Kamrup Metropolitan; On-site; INR 1,500,000 - 2,500,000; Full time

Job summary

Narayana Health invites applications for a Finance Manager to oversee the hospital's financial operations, ensuring sustainability, compliance, and alignment with strategic goals. You will lead budgeting, planning, reporting, and analysis to support decisions and elevate efficiency.

The role requires coordinating with departments, managing revenue cycle aspects, and liaising with regulators. Join NH to drive financial discipline and strategic impact within a renowned healthcare network.

Responsibilities

• Develop and manage the hospital's annual budget and long-term financial plans.
• Forecast capital, staffing, and operational needs.
• Monitor budget performance and advise on corrective actions.
• Prepare monthly, quarterly, and annual financial reports.
• Analyze financial trends and variances.
• Present insights to senior management and advisory committees.
• Ensure compliance with federal, state, and local financial regulations.
• Coordinate internal and external audits.
• Monitor insurance and reimbursement policies affecting hospital revenue.
• Oversee billing, coding, claims processing, and reimbursement.
• Implement cost-control strategies and financial controls.
• Manage patient accounts and donated funds.
• Collaborate with department heads to align financial goals with hospital strategy.
• Support business planning and performance improvement initiatives.
• Provide financial input for policy changes and healthcare reform impacts.
• Liaise with insurance providers, auditors, and regulatory bodies.
• Support fundraising and grant management efforts.
• Communicate financial performance to internal and external stakeholders.

Job description

Job Purpose

The Finance Manager is responsible for overseeing all financial operations of the hospital, ensuring financial sustainability, regulatory compliance, and strategic alignment with organizational goals. This role involves budgeting, financial planning, reporting, and analysis to support decision-making and improve operational efficiency.

Job Responsibilities

Financial Planning & Budgeting

• Develop and manage the hospitals annual budget and long-term financial plans.
• Forecast capital, staffing, and operational needs.
• Monitor budget performance and recommend corrective actions.

Financial Reporting & Analysis

• Prepare monthly, quarterly, and annual financial reports.
• Analyze financial trends and variances.
• Present financial insights to senior management and advisory committees.

Compliance & Risk Management

• Ensure compliance with federal, state, and local financial regulations.
• Coordinate internal and external audits.
• Monitor insurance and reimbursement policies affecting hospital revenue.

Revenue Cycle & Cost Control

• Oversee billing, coding, claims processing, and reimbursement.
• Implement cost-effective strategies and financial controls.
• Manage patient accounts and donated funds.

Strategic Support

• Collaborate with department heads to align financial goals with hospital strategy.
• Support business planning and performance improvement initiatives.
• Provide financial input for policy changes and healthcare reform impacts.

Stakeholder Engagement

• Liaise with insurance providers, auditors, and regulatory bodies.
• Support fundraising and grant management efforts.
• Communicate financial performance to internal and external stakeholders.