Billing & Revenue Cycle: Process patient bills, reconcile receipts, handle insurance claims, and manage accounts receivable.
Payroll & Compensation: Process salaries for doctors, nurses, and administrative staff, and calculate doctor payouts and incentives.
Vendor & Inventory Management: Oversee accounts payable, execute purchase orders, and track payments to medical suppliers.
Budgeting & Cost Control: Assist in preparing annual operating budgets, monitor expenditures, and identify cost-saving measures.
Financial Reporting: Prepare daily, monthly, and annual financial statements, maintaining ledgers and balance sheets.
Statutory Compliance: Ensure all hospital accounts comply with healthcare laws and regional tax requirements like GST and TDS.