Audit Executive

1.

Plan and execute internal audits to assess the hospital's financial and operational processes for compliance, accuracy and efficiency.

Conduct audits of various hospital departments and functions, including finance, billing, patient care and administrative processes.

2.

Ensure that the hospital complies with relevant healthcare regulations, such as HIPAA, Medicare, Medicaid and other industry-specific standards.

Stay up-to-date with changes in healthcare regulations and adapt audit procedures as necessary.

3.

Analyze financial statements, billing records and operational data to identify irregularities, discrepancies and potential areas of non-compliance.

4. Risk Assessment:

Evaluate and identify areas of risk within the hospital's processes and recommend mitigation strategies.

Assess the impact of non-compliance and financial irregularities on the hospital's financial health and reputation.

5.

Collaborate with department heads and staff to recommend and implement process improvements to enhance efficiency and compliance.

Help develop and document improved procedures.

6. Reporting:

Prepare and present audit findings, recommendations and action plans to hospital management.

Create detailed audit reports with insights and suggested remedial actions.

7. Follow-up:

Ensure that corrective actions and recommendations from audit reports are implemented promptly.

Monitor progress and provide feedback to improve compliance and processes.

8. Record Keeping:

Maintain organized and secure records of audit documentation, reports and related materials.

Professional Development:

1. Participate in training programs to develop audit skills and knowledge.

2. Stay informed about changes in auditing standards and regulations.

Required Skill Sets:

1. Strong analytical and problem-solving skills.

2. Attention to detail and the ability to work with numerical data.

3. Good communication and interpersonal skills for effective interaction with hospital staff.

4. Proficiency in auditing software and tools and in MS-Office especially in MS-Excel and MS-Word.

5. Understanding of confidentiality and data security best practices.