The Accounts Unit at Pantang Hospital is responsible for managing the hospital’s financial operations with precision and transparency. As part of the administrative team, the unit plays a key role in ensuring the financial health of the hospital, overseeing all financial transactions, maintaining accurate records, and supporting effective budgeting and planning processes.
Mission Statement
The Finance Department of Pantang Hospital is committed to providing timely, accurate, and transparent financial services to support the hospital’s mission of delivering high-quality patient care. We strive to ensure effective financial management, optimal resource allocation, and compliance with regulatory requirements, while maintaining the highest level of integrity and professionalism.
Vision Statement
Our vision is to be a world-class finance department, recognized for excellence in financial management, innovation, and customer service. We aim to provide actionable financial insights, drive business growth, and support the hospital’s strategic objectives, while fostering a culture of financial discipline, accountability, and teamwork.
These statements reflect the Finance Department’s commitment to supporting the hospital’s mission, providing excellent financial services, and driving business growth while maintaining the highest standards of integrity and professionalism.
Key Responsibilities:
Financial Record Keeping
- Maintaining accurate and up-to-date records of all financial transactions, including patient billing, hospital expenses, and revenue.
- Ensuring that financial records comply with relevant regulations and hospital policies.
Billing and Invoicing
- Managing the billing process for hospital services, including patient treatments, tests, and procedures.
- Generating and issuing invoices for services provided to patients, insurance companies, and other stakeholders.
Revenue Management
- Overseeing the collection of payments for services rendered, ensuring that revenue is properly tracked and recorded.
- Managing payments from insurance providers and government health programs.
Payroll Processing
- Processing payroll for all hospital employees, ensuring salaries, allowances, and deductions are calculated accurately and on time.
- Ensuring compliance with tax regulations and employee benefits requirements.
Financial Reporting
- Preparing financial statements, including income statements, balance sheets, and cash flow reports.
- Assisting in the preparation of annual financial reports and budgets for management and stakeholders.
Budgeting and Forecasting
- Developing and managing the hospital’s budget, ensuring that spending aligns with hospital priorities and financial capabilities.
- Working with other departments to forecast future expenses and revenue needs.
Expense Management
- Monitoring and controlling hospital expenditures to ensure that costs are kept within the approved budget.
- Reviewing purchase orders, invoices, and payments to ensure they are accurate and justified.
Financial Analysis and Advice
- Analyzing financial data to identify trends, risks, and opportunities for cost savings or revenue enhancement.
- Providing financial advice and recommendations to hospital management based on analysis.
Audit and Compliance Support
- Assisting with internal and external audits by providing necessary financial documentation and supporting audit processes.
- Ensuring compliance with financial regulations and internal policies.
Insurance Processing
- Managing insurance claims and payments for medical services, ensuring that all claims are processed efficiently.
- Assisting patients with insurance inquiries and facilitating timely payments.
