To provide timely, accurate, clear and complete information to enhance decision making and support best practice to improve financial management across the Lady Reading Hospital.We will ensure that we use the resources available to us to get the best possible outcomes for our service users.We will educate our staff regarding the cost of the services that we provide so as to promote the effective use of our resources.We will get the best possible value for money when sourcing goods or services.
About Finance
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Managment & Services
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Services
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Riaz Ali Khan
Director Finance
Our Services
Budgeting and Financial Planning
Developing and maintaining the hospital's annual budget. Collaborating with other departments to ensure financial goals align with overall hospital objectives.
Revenue Cycle Management
Overseeing billing and collection processes to ensure timely and accurate payments from patients and insurance providers. Monitoring and managing accounts receivable.
Financial Compliance
Ensuring compliance with financial regulations and standards in the healthcare industry. Coordinating with auditors to conduct internal and external financial audits.
Contract Management
Negotiating and managing contracts with vendors, suppliers, and service providers. Ensuring that contractual agreements align with the hospital's financial goals.
Cash Flow Management
Monitoring and managing the hospital's cash flow to ensure liquidity and financial stability.
Strategic Financial Planning
Collaborating with hospital leadership to develop long-term financial strategies. Assessing the financial implications of new programs or initiatives.
Financial Reporting
Generating regular financial statements and reports for hospital management. Providing financial updates to key stakeholders, including hospital administrators and board members.
Cost Control and Expense Management
Identifying cost-saving opportunities and implementing strategies to control expenses. Analyzing and managing the costs associated with healthcare services.
Financial Analysis
Conducting financial analysis to support decision-making processes.
Evaluating the financial performance of different hospital departments and service lines.
Evaluating the financial performance of different hospital departments and service lines.
Financial Policies and Procedures
Developing and updating financial policies and procedures to maintain consistency and compliance. Providing guidance on financial policies to hospital staff.
Insurance and Reimbursement
Managing relationships with insurance companies.
Ensuring accurate and timely reimbursement for medical services provided
Ensuring accurate and timely reimbursement for medical services provided
FINANCE
Payables/Receivables
Financial Reporting
Tax and Compliance
Financial Planning
Budgeting
Corporate Strategy
