Experience

NEO Hospital

• India
• Hospitals and Health Care
• 1 - 100 Employee

• Chief Executive Officer

  • Sep 2016 - Present

   Capital structuring, Fund raising & deployment  M&A, JVs, Business partnership and alliance  Business & Financial planning, Budgeting & Forecasting  Revenue, Cost & Profitability Management  Developing and execution of business strategies  Tax Planning, International tax, Transfer Pricing, Tax Compliance and Assessment  Supply Chain; Project planning, Negotiation and Vendors management  Accounts & Audit compliances Accounting: • Approval of daily vouchers and month end provisions • Approval of allocation of costs to cost centers. • Approval of batch posting in the system • Analysing and presenting all daily, weekly, monthly & annual Financial Statements to the Management • Finalizing different type of financial statements such as Balance Sheet, Profit & Loss account. Maintaining MIS & reports, evaluating them for facilitating decision-making process. • Running of monthly depreciation in the system. • Opening of Letter of Credit & Bank Guarantees with Banks. • Develop MIS Modules for Management Information systems, Payroll systems and ensure all MIS reports for management reporting are streamlined. • Coordinate with internal and external clients of the hospital in the setting up of the Hospital Management System (HMS) to ensure the financial aspect of the hospital is being integrated smoothly and successfully with other operations of the hospitals. • Participating in the hospital's monthly operation reviews as well as participating in corporate office meetings as deemed necessary My reports directly to hospital's Managing Director. Reviewing To review the work of subordinates for all financial modules like Asset Control, AR, AP and General Accounting more particularly debtors & Creditors reconciliations, debtors & creditors balance confirmation, Bank Reconciliation, stores & asset verification. Follow-up • Follow-up for recoveries, which are overdue beyond 90 days. Show less



Rama Hospital & Research Centre

• India
• Hospitals and Health Care
• 1 - 100 Employee

• Chief Financial Officer

  • May 2014 - Sep 2016

  Oversee finance, billing, revenue management, IT, and material department services. Member of Risk Management, Performance Improvement, Finance, Utilization Review, Assets & Contracts, HR, Revenue Optimization, Technology, and Product Review & Standardization Committees:  Responsible for planning, implementing, managing and controlling all financial-related activities including the development of financial and operational strategies & treasury functions.  Managing accounting, finance, forecasting, legal, strategic planning, deal analysis, negotiations and investor relations.  Supervising due diligence, handling business & Physician practice acquisitions with business valuations & financial reviews.  Providing strategic recommendations to enhance financial performance and new business opportunities.  Ensuring effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax reporting.  Managed material renegotiations to reduce multiple brand exposures for similar product lines. Initiated standardization of biomedical equipment to standardize consumable costs. Restructured staff health plan for annual savings.  Spearheaded ICD 10 and CPT adoption strategy & strategized HIMSS EMR adaptability.  Liaised with Srilanka Health Authority for policy changes and feedback on proposed resolutions. Currently working on DRG costing/process changes.  Restructured discount proposal with progressive volume rebates. Initiated utilization review for claim review with payers, physician query process via scrubbing of claims, and open house to orient payers with hospital services.  Launched physician productivity dashboard based on MGMA/utilization metrics for performance/compensation reviews.  Set up HIS, billing process, payer agreements, and physician contracts for hospital’s 1st satellite ambulatory Hospital. Show less



Accurate Transformers Ltd

• India
• Appliances, Electrical, and Electronics Manufacturing
• 1 - 100 Employee

• Chief Financial Officer

  • Dec 2012 - Apr 2014

   Liaison with bankers for foreign transactions, issuing of bank guarantees, letters of credit, remittance of payments to overseas vendors, foreign bills discounting/ negotiations and the disbursement of packing credit loans.  Supervise the filing of income tax returns of the company and its directors, ETDS return (employees and non-employees) and liaison with the Income Tax Department.  Liaison with insurance companies to insure company vehicles, stock, plant & machinery, building, marine insurance and to settle claims.  Interface with the GST Department and issuing of different statutory forms.  Coordinate with internal & statutory auditors and facilitate the smooth operation of all audits.  Oversee the preparation of cash flow, fund flow statements etc.  Manage the company's accounting functions and processes in strict accordance with ICAI standards.  Supervise the preparation & finalization of balance sheets, profit & loss account statements and notes to accounts.  Conduct the valuation and cost-assessment of work-in –progress, finished goods and other inventories, cost analysis and product costing. Show less



Apollo Hospitals

• India
• Hospitals and Health Care
• 700 & Above Employee

• Chief Financial Officer

  • Oct 2002 - Nov 2012

  Directed Finance, Billing, IT, Materials Department Services, Pharmacy, and Internal Audit functions during period of organizational transition for 650- beds multispecialty Apollo Hospitals in Colombo, Srilanka. Oversee Medical Affairs, Nursing, Operations, Consultant engagement, IT, Facilities & Hospitality, HR, Finance, Revenue management, Marketing & Material department services:  Initiated concept of annual operating plans that included establishment of financial and non-financial metrics. Shifted physician from salaried model to fee for service (FFS) model. Handled Two Staff wages union settlements involving significant negotiations and discussions.  Responsible for planning, implementing, managing and controlling all financial-related activities including the development of financial and operational strategies & treasury functions.  Managing accounting, finance, forecasting, legal, strategic planning, deal analysis, negotiations and investor relations.  Providing strategic recommendations to enhance financial performance and new business opportunities.  Ensuring effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax reporting.  Achieved efficiencies and generated cost savings by evolving and setting up processes for SCM in pharmacy and consumables.  Facilitated Hospital’s clinical trials and fund raising for research activities for multiple oncology projects.  Changed physician contracts, set up billing guidelines, devised budgets and operational plans, and revamped IT systems in support of organization’s transition to a for profit Hospital.  Established IT system with clear blueprint of billing and doctor payouts.  Initiated business development initiatives with insurance, government organizations, and community physicians. Show less



Rohan Motors Ltd

• India
• Motor Vehicle Manufacturing
• 200 - 300 Employee

• General Manager ( Finance & Accounts )

  • Oct 1996 - Sep 2002

  ROUTINE ACCOUNTS: Developed Accounting policies & procedure. Handled day to day accounting. Reporting to Head Quarters. Cash flow, internal controls. Liaise with auditors and banks. MIS & Variance Analysis. Supervised staff of 20-30. Managed the transition from manual to a computerized accounting system. INVOICING: Handled complete timely Invoicing, Dispatch & recording, Supervises Billing operations. Monitoring System configuration changes & change management processes. Developed relationship with the customers. PAYMENT AUTHORIZATIONS: Approving authority for key commercial transactions including negotiations, contract structures, and payment authorizations. CASH MANAGEMNENT & DISBURSEMENT: Performed & supervised Cash Management tasks including the Balancing of various separate bank accounts. Responsible for daily cash management analysis of the check register. Check signing and wire transfer authorization PROFIT MONITORING: Contribute to the growth & profitability of the company. Presenting accounts to the board and forecast provisions. RECEIVABLE MANAGEMENT: Overall Monitoring of Revenue Assurance activities. Collection supervision & co-ordination. To develop systems to get operational efficiencies in debtors outstanding, M.I.S Reporting on the Receivables. Personal follow up on daily basis, redressed grievances of the customers, Ensured best of services. PAYABLES MANAGEMENT: Periodic preparation of ageing and ensuring bills are processed as per the contracts and purchase orders, rates are approved, material is received, and debit notes / advances are adjusted. BUDGET - PLANNING: Develop annual business plans identify key activities and priorities. Implement and communicate operational strategies and solutions in line with the business plan. Expert in improving profits, and cutting costs, Devised, upgraded and automated annual budget process, Implemented budget input and reporting system. Show less