Posted Feb 28, 2024 762 views
You play a vital role in the healthcare industry by managing financial transactions and maintaining accurate financial records for medical practices, hospitals, clinics, or healthcare organizations. You are responsible for ensuring the financial stability and efficiency of the medical facility by handling various financial tasks and maintaining compliance with relevant regulations and policies. The successful candidate will work closely with healthcare professionals, administrators, and accounting departments to ensure the smooth financial operations of the organization.
Responsibilities
- Record and process daily financial transactions, including accounts payable and receivable, expense reports, invoices, and payments. Ensure accuracy and timeliness of financial data entry.
- Maintain organized and up-to-date financial records, including general ledgers, balance sheets, income statements, and cash flow statements. Ensure confidentiality and security of financial information.
- Regularly reconcile bank statements, credit card statements, and other financial accounts to verify accuracy and resolve discrepancies.
- Generate periodic financial reports, such as profit and loss statements, financial statements, and cash flow statements. Analyze financial data and provide insights to management for decision-making purposes.
- Calculate and process payroll for medical staff, ensuring accurate and timely payment while complying with applicable laws and regulations.
- Coordinate with medical billing teams to ensure accurate billing and collections processes, including insurance claims and patient payments. Resolve billing discrepancies and follow up on outstanding payments.
- Track and analyze financial performance indicators, such as revenue, expenses, and profitability. Identify areas for improvement and implement cost-saving measures.
- Stay updated with healthcare industry regulations, such as HIPAA, and ensure compliance with financial policies and procedures. Maintained accurate and complete financial documentation for audits and regulatory inspections.
- Collaborate with management and accounting departments to develop and monitor budgets, as well as provide financial projections and forecasts.
- Proficiently use accounting software and tools to streamline financial processes, generate reports, and maintain accurate financial records.
Required Skills
- Able to maintain accurate financial records and detect errors or discrepancies in financial data.
- Have a strong organizational skill to manage multiple tasks, prioritize workload, and meet deadlines.
- Able to analyze financial data and identify trends, patterns, and areas for improvement.
- Effective verbal and written communication skills to interact with healthcare professionals, administrators, and accounting departments.
- Experience in using accounting software and tools, such as QuickBooks, Excel, or other industry-specific software.
- Familiar with medical billing processes, insurance claims, and reimbursement procedures.
- Understand the financial principles, such as budgeting, forecasting, and financial analysis.
- Committed to maintaining confidentiality and adhering to ethical standards in handling financial information.
- Able to identify and resolve financial issues or discrepancies promptly.
- Able to adapt to changing financial and regulatory requirements in the healthcare industry.
Required Qualifications
- High school diploma or equivalent; a degree in accounting, finance, or a related field is preferred.
- Previous experience as a bookkeeper, preferably in a healthcare or medical setting.
- Knowledge of healthcare industry regulations, such as HIPAA, and experience maintaining compliance with financial policies and procedures.
- Proficiency in using accounting software and tools, such as QuickBooks, Excel, or other industry-specific software.
- Strong understanding of financial principles and practices.
- Excellent computer skills and proficiency in MS Office Suite.
- Strong mathematical and numerical abilities.
- Familiarity with medical billing processes and reimbursement procedures.
- Excellent attention to detail and accuracy in financial record-keeping.
- Good communication and interpersonal skills to collaborate with various stakeholders.
Skills
Job Details
Horizon Technologies
Horizon Technologies is an established IT services company having years of experience providing high-quality and cost-effective web development, IT Support and Surveillance solutions. Our expertise lie in Custom Web, mobile & Software Development, Surveillance (CCTV), Time Attendance and Access Control, IT consultancy & infrastructure, BPO & contact center work along with recruitment & IT Maintenance services. We are an one stop IT & office automation service provider where all your IT & business augmentation requirements are met under one umbrella of Horizon Technologies.
What is your Competitive Advantage?
Similar Job Titles
Babar Ahmed Khan
Territory Sales Manager
Engro Foods
Zubair Anjum
Business Excellence Specialist
Nestle Pakistan
Sehrish Azhar
Motivational Speaker & Blogger
Living Upbeat
Ayesha Shaukat
Social Media Marketing Manager
Ivoke
Usman Habib
Recruitment & Training Executive
ACS Synergy (Pvt) Ltd.
Zohaib Ali
Marketing Manager
Digital Online Devices
Ali Aziz
CEO
Shopistan
Aqib Irshad
Head of HR, Training & OD
FINCA
Muzammil Baig
Digital Marketing Manager
IT Services Group
Mona Sharif
Senior Team Lead
Konext PVT. LTD
