FINANCE DEPARTMENT

THE FINANCE DEPARTMENT IS RESPONSIBLE FOR THE OVERALL FINANCES OF THE HOSPITAL AND IS
ACCOUNTABLE FOR THE ACCURACY OF ALL FINANCIAL ACCOUNTING TRANSACTIONS.

STRUCTURE OF THE FINANCE DEPARTMENT

FOLLOWING ARE THE SUB DEPARTMENT UNDER FINANCE DEPARTMENT

FINANCIAL ACCOUNTING SECTION

 THE FINANCIAL ACCOUNTING SECTION HAS RESPONSIBILITY FOR THE HOSPITAL FINANCIAL
FUNCTIONS OF ACCOUNTS RECEIVABLE, ACCOUNTS PAYABLE, AND PAYROLL.
 THE MAIN ROLE OF THIS SECTION IS TO UNDERPIN THE FINANCIAL ACCOUNTING
PROCESSES AND CONTROLS AND COMMUNICATIONS PROCESS FOR THE PAYMENT OF
SALARIES TO EMPLOYEES, PAYMENT OF VENDOR INVOICES AND PROACTIVELY MANAGE
THE TIMELY BILLING AND COLLECTION OF HOSPITAL INCOME.

ACCOUNTS RECEIVABLE

 THE ACCOUNTS RECEIVABLE DEPARTMENT IS RESPONSIBLE FOR THE RAISING OF ALL

HOSPITAL INVOICES AND TIMELY COLLECTION OF INCOME.
 THE CASH OFFICE RECORDS ALL CASH RECEIVED BY THE HOSPITAL. THE HEALTH INSURANCE
AND ASSESSMENT OFFICE VALIDATES PATIENT ELIGIBILITY FOR TREATMENT AND ENSURE
CLAIMS ARE SUBMITTED TO HEALTH INSURERS IN A TIMELY MANNER.

ACCOUNTS PAYABLE
RECORDS, VALIDATES THE PAYMENT OF VENDOR INVOICES, RECONCILIATION OF SUPPLIER
STATEMENTS AND ENSURING COMPLIANCE WITH REVENUE REQUIREMENTS.

PAYROLL
TIMELY PREPARES THE FORTNIGHTLY AND MONTHLY PAYROLLS AND FOR ENSURING ACCURACY
AND VALIDITY OF PAYMENTS TO EMPLOYEES.

A PAYROLL QUERY DESK ACCESSIBLE TO ALL EMPLOYEES TO ASSIST WITH ANY QUERIES
REGARDING PAYMENT OF SALARY.

MANAGEMENT ACCOUNTING SECTION

RESPONSIBILE FOR A RANGE OF CLINICAL DIRECTORATES, CORPORATE DEPARTMENTS AND OTHER
COST CENTRES FOR PAY, NON PAY AND INCOME BUDGET PREPARATION.

 THE UNIT IS SUPPORTED BY 4 FINANC

MONTHLY ANALYSIS AND REPORTING OF NET OUTTURN VERSUS PLAN IS A CORE FUNCTION OF THIS
DEPARTMENT.  THE DEPARTMENT IS RESPONSIBLE FOR THE PREPARATION OF THE ANNUAL
SPECIALTY COSTING EXERCISE AND THE DEVELOPMENT OF PATIENT COSTING INFORMATION
SYSTEMS.