The Role
Manage FP&A, budgeting, forecasting, KPI analysis, revenue optimization, cost control, billing oversight, and commission structures across healthcare clinics, diagnostic labs, and wellness services. Support pricing, growth initiatives, financial modeling, ROI analysis, compliance, internal controls, audits, and funding activities. Lead cross-functional financial alignment and mentor finance and operations teams while improving reporting, collections, inventory tracking, and business performance.
Summary Generated by Built In
Position: Manager-Business Finance
Location:Bengaluru.
Department: Business Finance
Reports To: Head of Finance
Employment Type: Full-time
Job Summary:
The Business Finance Manager will be responsible for managing financial planning, budgeting, and performance analysis across Healthcare Services (Clinics), diagnostic labs/CECs, and Wellness Services. The role requires a strategic thinker with strong analytical skills to optimize revenue streams, control costs, and support business expansion in the healthcare sector.
Key Responsibilities:
Financial Planning & Analysis (FP&A):
• Develop annual budgets, rolling forecasts, and long-term financial plans for clinic operations, diagnostics, and wellness services that support the strategy.
• Track KPIs (patient volume, test utilization, AR days, service profitability) and provide actionable insights to leadership.
• Analyse revenue cycles (fee-for-service, insurance reimbursements (as & when covered), package pricing and identify opportunities for margin improvement.
• Prepare & present periodic MIS & financial reports (Plan vs Actuals) with performance dashboards & strategic recommendations for senior management.
Revenue Optimization, Cost Control & & Commission structure:
• Pricing Strategy: Analyse pricing models for consultations, diagnostic tests, and wellness programs (e.g., memberships, corporate wellness etc).
• Cost Management & tracking: Monitor expenses (lab supplies, medical equipment, staffing) and implement efficiency improvements.
• Billing Oversight: Work with billing teams to ensure the completeness & wherever applicable optimize insurance claims processing, reduce denials, and improve collections.
• Managing Commission Structures for Clinics team including consulting doctors.
Business Strategy & Growth Support:
• Evaluate new service lines through financial modelling and ROI analysis.
• Support expansion initiatives (new clinics, lab partnerships, acquisitions) with feasibility studies and investment proposals.
• Collaborate with marketing to assess promotional campaigns, corporate wellness contracts, and patient acquisition costs etc.
Compliance & Risk Management:
• Ensure adherence to healthcare financial regulations.
• Implement internal controls for revenue recognition, inventory management (diagnostic supplies), and fraud prevention.
• Liaise with auditors, tax advisors, and healthcare financiers for compliance and funding needs.
Cross-Functional Leadership:
• Partner with Medical Directors or Mentors, clinic managers, lab directors, Wellness leads, team of Operations, Quality, marketing, project implementation Sales, Technology officers to align financial and operational goals.
• Mentor finance and core team of Clinics, Diagnostic and Wellness Centre (accountants, admin etc) and streamline processes (AP, compensation, inventory tracking etc).
Requirements
Qualifications & Skills:
• Education: CA/MBA in Finance.
• Experience:
- 5+ years in Business Finance/FP&A role
- Knowledge of medical & wellness centres billing, lab economics, and insurance reimbursement is an added advantage.
• Technical Skills:
- Strong Accounting Knowledge & Advanced financial modelling (Excel, Power BI). To be a Technology Savvy & have worked on ERP systems (Like MS Dynamics & lab-specific software).
- Familiarity with healthcare analytics tools is a +.
• Soft Skills:
- Strong problem-solving and ability to simplify complex financial data for non-finance teams.
- Influence cross-functional stakeholders.
- Act with Integrity & be an energised and inspirational manager, aligning to Company’s Mission, Vision and Values.
Skills Required
- CA or MBA in Finance
- 5+ years of experience in Business Finance or FP&A
- Strong accounting knowledge
- Advanced financial modeling skills
- Proficiency with Excel and Power BI
- Experience working with ERP systems such as Microsoft Dynamics and lab-specific software
- Knowledge of medical and wellness center billing, lab economics, and insurance reimbursement
- Familiarity with healthcare analytics tools
- Strong problem-solving and ability to simplify complex financial data
- Ability to influence cross-functional stakeholders
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The Company
What We Do
nHRMS is a strategic human-resources partner providing end-to-end solutions for organizations in the United States and India. Its services span executive search and talent acquisition, performance management, HR advisory, organization strategy, HR technology, leadership development, labor-code compliance, workforce productivity, and learning. The firm supports clients across the employee lifecycle, combining people-first consulting with technology-enabled systems to help organizations scale.
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