“There is no doubt that Kavita is one of the gifted talents who is seasoned and who is a thorough professional in her field. Although we have not worked together, we have been connected through the SMP course - IIMA. In addition to her passion, I have found her humility to be very admirable. As a chartered accountant and chief financial officer, I found her to be very methodical and knowledgeable. Her analytical skills are complemented by her thorough understanding of a variety of aspects of finance.”
About
• Visionary, Strategist, Ex-CFO, & established professional with 25 years of experience;…
Contributions
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You're looking for medical billing software. How do you choose the best one for your healthcare practice?
My initial recommendation for the selection of billing software will go on the following criteria 1. Ability to ensure internal control and risk mitigation -i.e control on master management, segregation of duty, audit trail, exceptional situation billing, compliance etc. 2. Integration with other critical applications like accounting, inventory, EHR, collection system, etc. 3. Reporting to support data analysis – e.g analysis report of revenue, cost, asset utilization etc. 4. Ease of working. e,g handling of multiple tariffs, multiple billing templates, collection, and follow-up management, ease of uploading on the customer portal etc This will be further affected by the size, expectations and budget of the organization.
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You're managing a healthcare facility. How can you streamline your supply chain management?
I recommend the following to streamline SCM practices. 1. Identify all important KPIs for the supply chain management process. (e.g holding days, Inventory age, wastages, vendor performance, transaction cost etc 2. Prepare a formulary to reduce SKUs. 3. Invite tender. Opt for bulk purchase. 4. Understand lead time and decide on minimum order quantity and re-order quantity. Work on reduction of lead time. Deal with distributors to hold stock for you. 5. Prepare SoPs for all processes of purchase, inventory & bill processing. Train the staff. 6. Ensure segregation of duty. 7.Use good inventory software to -streamline processes, improve efficiency, and mitigate risk. 8.Evaluate the performance of KPIS 9. Adopt fair practices with vendors.
Activity
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I have voted! Did you? If not, please cast your vote, it is our responsibility.
I have voted! Did you? If not, please cast your vote, it is our responsibility.
Liked by CA Kavita gandhi
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PE investments in India may have contracted by 35% in 2023, but the healthcare sector is defying the trend. According to the Financial Times, PE…
PE investments in India may have contracted by 35% in 2023, but the healthcare sector is defying the trend. According to the Financial Times, PE…
Liked by CA Kavita gandhi
Experience
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CA Kavita Gandhi
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Education
Licenses & Certifications
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Independent director
Indian Institute of Corporate Affairs
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I did it. whats about you? #election2024 #vote #citizen
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