The basic activities involved in financial management in Peshawar Institute of Cardiology (PIC) include evaluation and planning, long-term investment decisions, financing decisions, working capital management, contract management, and financial risk management. Financial management involves evaluating the financial effectiveness and overall operations of PIC. This allows the healthcare organization to plan for the future.
Main responsibilities of Finance department include management of the following:
- Accounts Payable. Ensures that all suppliers and vendors are paid.
- Accounts Receivable. Ensures that all customers are billed and that you get paid.
- Business Strategy.
- Cash Management.
- Fixed Assets.
- Financial Reporting.