Job Description

Education, Experience, and Responsibilities

BACKGROUND: HOSPITAL

At a minimum, a high school diploma or equivalent training is required to take on this position. An accounting clerk job usually requires a few years of experience in accounting and payroll duties, and a firm understanding of numbers and ledgers and how they relate to invoices. Experience processing claims in health, disability, and accident insurance is a definite plus.

ROLE & RESOPONSEBILITIES

• Prepare and analyse the hospital's financial statements, including balance sheets, income statements, and cash flow statements, to ensure accuracy and compliance with accounting standards.
• Manage the hospital's budgeting process, including the development, monitoring, and adjustment of departmental budgets in collaboration with department heads.
• Oversee the processing of payroll for hospital staff, ensuring timely and accurate compensation by employment contracts and regulations.
• Implement and maintain internal controls to safeguard the hospital's financial assets and ensure the integrity of its financial data.
• Coordinate with external auditors during annual audits, providing all necessary financial records and explanations to facilitate the audit process.
• Administer the hospital's accounts payable and receivable, ensuring timely billing of services, collection of revenues, and payment of obligations.
• Evaluate and manage financial risks related to hospital operations, including insurance coverage and investment strategies.
• Oversee the financial aspects of contracts with suppliers, insurance companies, and other third parties, ensuring terms are favourable and complied with.
• Healthcare Reimbursement: Hospital accountants analyse and interpret billing codes and insurance claims to secure accurate compensation for medical services. They handle patient billing inquiries, resolve payment discrepancies, and negotiate with insurance providers to enhance revenue and sustain the institution's financial health.

Financial Reporting: Compiling and analyzing financial data, these professionals ensure the fiscal health of the institution is accurately represented. They prepare reports detailing operational costs, revenue, and budget variances, offering insights for strategic decision-making and financial planning.

Cost Accounting: By tracking and analysing the costs associated with medical services and supplies, accountants ensure financial accuracy and support strategic resource allocation. Identifying areas for financial improvement, contribute to the hospital's efficiency and sustainability.

Revenue Cycle Management: Accountants oversee the entire patient care charge process, from registration to final payment. Their understanding of billing codes, insurance claims, and patient payments is critical for optimizing financial performance and compliance with healthcare regulations.

Compliance Auditing: Ensuring financial practices and records comply with healthcare regulations, accountants protect the institution from legal and financial repercussions. Through detailed audits, they identify discrepancies and risk areas, maintaining the financial integrity of the hospital.

Job Types: Full-time, Permanent

Pay: ?25,000.00 - ?40,000.00 per month

Benefits:

• Leave encashment
• Paid sick time
• Paid time off
• Provident Fund

Schedule:

• Fixed shift
• Morning shift

Supplemental pay types:

• Performance bonus

Education:

• Master's (Preferred)

Experience:

• Accounting: 1 year (Preferred)
• Tally: 1 year (Preferred)
• total work: 1 year (Preferred)

License/Certification:

• CA-Inter (Preferred)

Work Location: In person