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Financial Advisor
Koyili Hospital —Kannur District, Kerala
- ₹35,000 - ₹45,000 a month
- Full-time
- Microsoft Excel
- Finance
- Bachelor's degree
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Financial Advisor
Koyili Hospital —Kannur District, Kerala
*Experience Level:*\* 3–5 years of experience in healthcare revenue cycle management, medical billing, or financial counseling within a clinical or hospital…
₹35,000 - ₹45,000 a month
Quick apply

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Financial Advisor

Koyili Hospital -
Kannur District, Kerala

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Job details

Permanent | Full-time
₹35,000 - ₹45,000 a month

Qualifications

Revenue cycle management
Pricing
Microsoft Excel
Elementary Education
Finance
Bachelor's degree
Medical billing
CPT coding
Accounting
Billing
Communication skills

Full job description

Hospital Financial Advisor
Role Summary:

The Hospital Financial Advisor serves as a vital bridge between clinical care and financial operations. This role is responsible for providing compassionate financial counseling to patients while ensuring rigorous accuracy in revenue cycle management through doctor-fee reconciliation and strategic board reporting.
Key Responsibilities
1. Patient Financial Counseling & Advocacy

Procedure Cost Transparency:Meet with patients to provide clear, upfront estimates for doctor-ordered procedures, diagnostic tests, and surgical interventions.
Low-Income Support:Proactively identify and assist low-income or uninsured patients in navigating financial assistance programs, sliding scale fees, or payment plans.
Accommodation Planning:Educate patients on the costs associated with different room tiers and ancillary services to ensure informed decision-making.
Insurance Navigation:Act as a liaison between patients and insurance providers to verify coverage, obtain authorizations, and explain out-of-pocket responsibilities.

2. Financial Reconciliation & Software Audit

Month-End Tallying:Collaborate closely with the accounting team to perform month-end audits, ensuring all hospital software entries align with actual clinical activity.
Doctor Fee Management:Calculate and tally specific charges and professional fees for each physician, resolving any discrepancies between system-generated reports and manual logs.
Revenue Integrity:Verify that all billed services are captured accurately within the hospital information system (HIS) before final closing.

3. Strategic Reporting & Board Participation

Monthly Board Reporting:Prepare and present comprehensive monthly reports to the Board of Directors detailing financial "ups and downs," revenue trends, and collection rates.
Variance Analysis:Identify causes for revenue fluctuations and provide data-driven insights into hospital financial health.
Marketing Collaboration:Propose strategies to improve hospital market share by analyzing financial data to identify underutilized services or competitive pricing opportunities.

Qualifications & Skills

Education: Primary Education: Bachelor’s Degreein Finance, Accounting, Healthcare Administration, or a closely related business field is required.
Preferred Certifications:Certification as a Certified Healthcare Financial Professional (CHFP)or Certified Patient Accounts Representative (CPAR)is highly desirable.

Additional training or certification in Medical Coding (CPT/ICD-10)is a plus to assist in accurate fee tallying.

Experience Level:* 3–5 years of experience in healthcare revenue cycle management, medical billing, or financial counseling within a clinical or hospital setting.
Experience:Proven experience in medical billing, healthcare finance, or patient financial services.
Technical Proficiency:High level of comfort with hospital management software, billing systems, and advanced Excel for data reconciliation.
Communication:Exceptional empathy and communication skills, specifically the ability to explain complex financial terms to patients during stressful situations.
Analytical Mindset:Strong attention to detail for the purpose of tallying physician fees and identifying billing errors.
Ethics:High standards of integrity when handling sensitive patient financial data and hospital revenue records.

Job Types: Full-time, Permanent

Pay: ₹35,000.00 - ₹45,000.00 per month

Work Location: In person

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