Financial Reporting and Analysis: Preparing financial statements, including balance sheets, income statements, and cash flow statements, to reflect the financial health of the organization. Analyzing financial data, trends, and performance metrics to provide insights and recommendations to management for decision-making. Budgeting and Forecasting: Developing annual budgets and financial forecasts based on historical data, operational plans, and strategic initiatives. Monitoring budget performance, identifying variances, and recommending corrective actions to achieve financial goals. Revenue Cycle Management: Overseeing revenue cycle processes, including billing, claims processing, and collections, to optimize cash flow and minimize revenue leakage. Ensuring compliance with billing regulations, coding standards (e.g., ICD-10, CPT), and insurance reimbursement policies. Cost Management and Analysis: Analyzing costs associated with healthcare services, supplies, and operations to identify cost-saving opportunities and improve efficiency. Implementing cost control measures and monitoring expenses to align with budgetary constraints and financial targets. Financial Compliance and Audit Support: Ensuring compliance with healthcare financial regulations, accounting standards (e.g., GAAP), and regulatory requirements (e.g., HIPAA). Facilitating internal and external audits, preparing audit schedules, and addressing audit findings and recommendations. Payroll and Benefits Administration: Managing payroll processing, including calculating wages, salaries, deductions, and benefits for employees. Administering employee benefits programs, such as health insurance, retirement plans, and other employee incentives. Financial Systems Management: Utilizing financial management software and systems to record transactions, reconcile accounts, and generate financial reports accurately and timely. Maintaining data integrity and security of financial information, implementing controls to prevent fraud and unauthorized access. Financial Planning and Strategic Support: Supporting strategic financial initiatives, capital expenditure planning, and investment decisions through financial analysis and forecasting. Providing financial insights and recommendations to senior management to support organizational growth and sustainability. Tax Compliance and Reporting: Ensuring compliance with tax regulations, preparing and filing tax returns (e.g., income tax, sales tax) accurately and on time. Advising on tax implications of financial decisions and strategies to optimize tax efficiency for the organization. Professional Development and Ethics: Staying informed about changes in accounting principles, healthcare regulations, and industry trends through continuing education and professional development. Upholding ethical standards of accounting practice, including confidentiality, integrity, and objectivity in financial reporting and decision-making.