Gireesh Kumar Email & Phone Number

Kochi, Kerala, India

As the Cheif Financial Officer for VPS Lakeshore Hospital, my responsibilities include:- Oversee the comprehensive operations of the department, including budget preparation, cash flow management, cost control, banking operations, and auditing.- Conduct cost analysis of medical procedures.- Develop and implement staff incentivization strategies.- Optimize inventory management by releasing tied-up funds and ensuring optimal inventory levels.- Analyze departmental performance and recommend improvements as necessary.- Make strategic decisions regarding the allocation of surplus institutional funds.- Finalize Management Information Systems (MIS) reports and other essential documents for presentation and discussion at board meetings and the Annual General Meeting (AGM).

Kochi, Kerala, India

As the Deputy General Manager my specific responsibilities included:- Prepared monthly Management Information Systems (MIS) reports, including profit and loss statements and balance sheets.- Managed the preparation and submission of applications for the Export Promotion Capital Goods (EPCG) license, overseeing the process through to license redemption.- Compiled departmental profit and loss statements.- Conducted cost analysis for major medical procedures.- Liaised with statutory and internal auditors, banking institutions, and insurance companies.- Finalized rate tariffs in collaboration with the operations team.

Kerala, India

- Optimized Operating Theater Utilization: Ensured efficient scheduling and utilization of operating theaters to maximize capacity and minimize downtime.- Compliance with NABH Standards: Ensured strict adherence to NABH (National Accreditation Board for Hospitals) policies and protocols across all hospital operations.- Patient Room and Ward Management: Coordinated with reception staff to monitor and control the assignment of rooms and wards, ensuring optimal patient flow and satisfaction.- Patient Relations and Feedback: Addressed major patient complaints and feedback, working to resolve issues and enhance patient experience.- Procurement and Negotiation: Led negotiations for the purchase of consumables and medicines, ensuring cost-effective procurement while maintaining quality.- Bed Utilization and ARPOB Optimization: Monitored bed utilization, reduced average length of stay, and increased the Average Revenue Per Occupied Bed (ARPOB).- Resource Utilization and Cost Control: Ensured the proper use of reusable consumables and monitored the disposal and billing processes for AYUSH and Medisep patients.- Management Reporting: Prepared and presented daily Management Information System (MIS) reports at weekly management committee meetings.- Outpatient Flow Management: Streamlined outpatient processes, reducing wait times for consultations and pharmacy services.- Prescription Conversion: Ensured that 95% of prescriptions were captured by the pharmacy, maximizing conversion into sales.- Timely Execution of Investigations: Monitored the timely execution of investigations and procedures, reducing revenue leakage and operational errors.- Physician Management: Managed doctor schedules, including leave control, and engaged in discussions regarding their incentive systems.- Operational Rounds: Conducted regular rounds across all floors to ensure cleanliness, efficiency, and the effectiveness of nursing and administrative staff.

Kochi/Kerala

Served as the Vice President at Indivar Capital Advisors LLP a 100% subsidiary of M/s. Advay Capital. Indivar is a mid-market investment bank based in Chennai, focused on advisory services for private equity fundraising and mergers & acquisitions for leading corporate Hospitals.As the Vice President, I was responsible for:- Developed and Implemented Management Information Systems (MIS): Assisted management in creating and adopting a comprehensive monthly and quarterly MIS, ensuring that relevant financial and operational data were accurately captured and effectively utilized for strategic decision-making.- Advised on Cost Reduction Strategies: Provided strategic guidance to promoters on cost reduction initiatives to enhance overall profitability. This included conducting detailed pricing analyses, optimizing overhead costs, managing manpower expenses, and identifying other cost-saving opportunities.- Performance Monitoring and Variance Analysis: Reviewed and developed mechanisms to support the promoters in the regular monitoring of performance metrics and variances, facilitating timely adjustments and improvements to align with business objectives.- Optimized Asset Utilization: Assisted promoters in devising and implementing an asset utilization plan aimed at maximizing efficiency and profitability. This involved analyzing asset performance and making recommendations for better resource allocation.- Supported Pricing Strategy Development: Aided management in the determination of pricing for major procedures and investigations. This included conducting thorough cost analyses to ensure that pricing decisions were aligned with cost structures and profitability targets.

India

Responsibilities:Led the implementation of new logistical processes, ensuring timely and efficient operations.Managed all aspects of inventory control, demand planning, budgeting, and supply expense analysis.Oversaw insurance and corporate tie-ups for hospitals, with a focus on monitoring and recovering doubtful debts.Directed vendor management and monitored slow-moving and expiring items to optimize inventory.Prepared and managed MIS reports for budgetary control, ensuring accurate financial oversight.Supervised a team of 25 full-time employees, promoting a motivated and high-performing work environment.Facilitated the empanelment of new insurance providers and third-party administrators (TPAs).Achievements:Successfully imported capital goods through the EPCG scheme, achieving a duty exemption of ₹17 Crores.Recovered ₹50 Lakhs in old outstanding debts that had previously been written off, through persistent follow-up.Coached and mentored two employees, enabling them to advance into higher positions within the organization.

India

Achievements:Led a project focused on the costing of procedures and surgeries performed at the hospital, enabling the organization to determine financial feasibility and set appropriate pricing.Identified key areas of revenue leakage, leading to the development of strategies to optimize revenue collection.Provided actionable insights and recommendations that improved the efficiency and effectiveness of financial operations.

Kozhikode, Kerala, India

 Intervene and resolve departmental problems for solving interdepartmental issues. Facilitate interdepartmental negotiations and decision-making. Coaching staff in problem-solving related to patient complaints. Ensuring proper use of EMR by doctors and other employees dealing patients. Working as a link between clinical and non-clinical departments.

Kozhikode, Kerala, India

Financial Planning and AnalysisDevelop and manage the hospital's budget, including forecasting, financial modeling, and variance analysis.Analyze financial performance, identify trends, and provide insights to senior management for strategic decision-making.Revenue Cycle ManagementOversee revenue cycle processes, including billing, collections, and accounts receivable, to ensure timely and accurate revenue recognition.Cost Control and Budget ManagementMonitor and control operational costs, identify opportunities for cost reduction, and implement cost-saving measures.Prepare and manage departmental budgets, ensuring alignment with overall hospital financial goals.

Calicut Area, India

- Preparation of Profit and Loss account and Balance sheet- Preparation of age-wise report of debtors and creditors - Setting standards for major procedures and monitoring the actual with the standards.- Preparation of departmental performance and analyzing the progress of the department.- Filing of Form 8 & 13 with Registrar of Companies.

Cochin Area, India

A company which is dealing the clearing and forwarding of containers of various foreign lines and the surveyor of Lloyds insurance, London in India Reported to Finance Manager Job Responsibilities Included:• Preparation of the accounts of various shipping lines (SPM4 statement preparation).• Updating of the passbook of Port and Customs authorities.• Reconciliation of divisional accounts with head office and also various bank accounts• Correspondence with the principle office of various foreign lines.