The Finance department is responsible for the monitoring and controlling of hospital finances and setting of budgets on an annual basis. In addition we are responsible and accountable for the accuracy, quality and validity of all financial transactions and production of monthly and statutory financial statements.
The department has two sections – Financial Accounting and Management Accounting.
Financial Accounting has responsibility for Accounts Payable, Payroll, Accounts Receivable including Health Insurance and Health Assessments.
Management Accounting prepares the annual budget, monitors budget versus actual spends and provides support to the Clinical directorate structure on financial matters. The management accounting team also has responsibility for all costings and the annual specialty costing return.