Issues Hospital CFOs Have To Be Ready For In 2023

After the outbreak of Coronavirus in 2019, hospitals in India have been through hell. The number of patients getting admitted into the hospital made it a living hell for the CFOs whose work is to maintain the staffing and finance along with making sure that the hospital supplies are enough. But this is not it, there are many other issues that they have to deal with and should be prepared for in 2023.

Read more
Tailored health plans, dedicated expertise - the perfect match for your organization's well-being
Customized plans

Affordable prices

24X7 Support

Dedicated claims manager

Total Care

All round wellness benefits

Fast-track your search with instant quotes from top insurers
₹1 Lakh cover starting at
No medical test required
Zero waiting period
Paperless claims
secure-icon We don't spam
Get Updates on WhatsApp

Whom do you want to insure?

  • Employee, spouse & kids

  • Employee only

Utilizing Finance To Maximize Efficiency

With the outbreak of Coronavirus, we have witnessed the scenes in the hospitals. The number of patients was so high that a time came when hospitals were out of beds. This came as a nightmare for both patients and hospitals as there were thousands of people dying every day due to a lack of medical care facilities.

In order to tackle this problem, the state’s chief ministers had to step in. To arrange enough beds in a city for the infected people, they turned schools, warehouses, etc. into Covid medical care centers. We are aware of the number of new Coronavirus strains coming out every year, so hospital CFOs have to make sure and be ready in the coming years for the worst-case scenarios as well as make sure that any infected person coming for treatment in the hospital gets the best medical care possible. To make sure of this, they have to allocate their finances accordingly.

Enough Staff For Better Workforce

Similarly to the bedding problem and according to a survey, it was revealed that there is only 1 doctor for more than 1500 patients and 1 nurse for more than 650 patients. It is not easy to manage the staffing because it leads back to the point of the number of medical institutions and the number of medical personnel being graduated.

Since it is the CFOs job to manage the budget and make sure that the hospitals have enough team of medical personnel to look after the number of patients admitted to the hospital. They need to take a different kind of approach and manage their hospitals and be prepared for the time of crisis.

Manage Revenue Cycle

To run a hospital smoothly, managing the revenue generated and utilizing it properly to make the cycle run properly is the most important thing that a CFO has to take care of. They have to majorly focus on the revenue along with ways of making payments, where is the revenue for the hospital is coming from, how they generate more revenue.

Once they get a hold of this, they can easily run the hospital, manage the revenue cycle and make sure that the hospital remains financially stable even at times when they have to put an extra amount to purchase medicines, medical equipment and yes the most important thing, Oxygen generator along with enough tanks to supply to their patients. We have seen the rise in demand for oxygen when Covid-19 brought the people down on their knees.

Go Digital

With the advancement in technology and the initiation of telehealth during the pandemic, it became safer for the doctors to not get contracted with the coronavirus and get infected. Telehealth is a procedure where patients can consult with the doctor on calls or video calls whatever is convenient.

Since it is a smart yet safe way to give medical advice to a patient online rather than offline, it is suggested to the CFOs of the hospitals to provide fast internet connection and invest in technology advancement. This strategy will contribute to the revenue as the patients living in different cities or states can consult with the specialist's doctor while sitting in the comfort of their homes.

Managing Data & Deeper Insight

In this online world, everything depends on the data. The CFOs have to be very keen on analyzing the data and plan accordingly. By analyzing the old data, they can plan for the coming year as the kind of supply they require to meet the demands of the patients as well as medical equipment for the doctors. Since there is more data in the healthcare sector than ever, It is vital to plan and make decisions for the future accordingly.


With the evolving world and the increasing requirement of medical care facilities along with people being very keen on getting the best of medical attention and care, CFOs have to make necessary changes for the betterment of the hospital, better delivery of medical care as well as generate enough revenue to provide better services to the patients.


Group Health Insurance Premium Calculator

Who do you want to insure?

  • Employees
  • Employees & their family

Minimum lives should be 7

  • 1 Lakh
  • 2 Lakh
  • 3 Lakh
  • 4 Lakh
  • 5 Lakh

Include maternity coverage

Premium starts from

(Excluding GST)

Let's find the right plan for you

Speak to our experts to get the right plan for your company's needs

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 23 May
  • 24 May
  • 25 May
  • 26 May
  • 27 May

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Tell us the number you want us to call on

Your privacy matters. We won't spam you

Call scheduled successfully!

Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

Written By: PolicyBazaar - Updated: 04 January 2023
div class="block_content_wrapper">

Now help your friend get Business Insurance

Your referral is greatly appreciated!

Our team will reach out to your friend soon to help with their business insurance requirements.

Wait! Didn't find what you were looking for?

Our certified business insurance experts are just a call away.

icon Expert advice made easy icon
  • Date
  • Time

When do you want a call back?

  • Today
  • Tomorrow
  • 23 May
  • 24 May
  • 25 May
  • 26 May
  • 27 May

What will be the suitable time?

  • 11:00am - 12:00pm
  • 12:00pm - 01:00pm
  • 01:00pm - 02:00pm
  • 02:00pm - 03:00pm
  • 03:00pm - 04:00pm
  • 04:00pm - 05:00pm
  • 05:00pm - 06:00pm

Call scheduled successfully!

Our experts will reach out to you on 4th June between 2:00 PM - 3:00 PM

Call scheduled successfully

Thank you
Our experts will provide you assistance with your
insurance coverage. Be assured, all your questions
will be answered

Customizable plans from top insurers

starting @ ₹110/employee*

View Quotes
Group Health Insurance Articles
GIPSA stands for General Insurance Public Sector Association.It is a group of four General insurance companies...Read more
28 Apr 2022 by Policybazaar 15686 Views
A group medical insurance scheme offers many benefits in addition to providing financial support during medical...Read more
08 Feb 2023 by Policybazaar 7786 Views
When it comes to insurance, it's important to have a clear understanding of the available options. GPA (Group...Read more
01 Jun 2023 by Policybazaar 7351 Views
Companies worldwide strive to attract top talent by offering competitive salaries and outstanding corporate...Read more
15 Sep 2023 by Policybazaar 1817 Views
Adequate health insurance forms an important component in a sound and practical personal financial plan. Its...Read more
21 Sep 2022 by Policybazaar 7459 Views
Extended work hours or working on holidays and weekends have...Read more
18 Apr 2024 by Policybazaar 179 Views
In today's competitive job market, where top talent holds the...Read more
29 Mar 2024 by Policybazaar 205 Views
Payroll management stands as a cornerstone of every business...Read more
26 Mar 2024 by Policybazaar 192 Views
The hybrid work model, a blend of remote and in-office work, is...Read more
26 Mar 2024 by Policybazaar 222 Views
Keeping employees motivated during difficult times is a...Read more
22 Mar 2024 by Policybazaar 175 Views
Policybazaar for Business - Group Health Insurance - Customer Reviews
View all
Based on 189 reviews
out of 5
Based on 189 reviews
38 users
136 users
15 users
0 users
0 users
3.8 April 09, 2023
Excellent Support
It was easy to buy insurance from PolicyBazaar website and customer support was also amazing to clear all the doubts.Thankyou. Highly worth it.
4.3 April 01, 2023
Necessary Investment
It is a good and necessary investment. Thanks PB.
4.3 March 24, 2023
Provides Satisfactory Results
I purchased Group health insurance at policybazaar recently and i am so much satisfied with the plan. The application process was smooth and efficient, making the typically tedious task of getting insurance surprisingly hassle-free.Thanks PB.
3.8 March 16, 2023
Helpful In Making Decisions
When it came to selcting the right Group Health Insurance, Policybazaar offered an impressive range of options from reputable insurers. I appreciated the comprehensive details avalable for each policy which helped me to take the better decisions. Thankyou.
4.3 March 15, 2023
Increases Clients Expectations
I recently had the pleasure of securing a Group Health Insurance policy throug PolicyBazaar and I must say the Entire process exceeded my expectations! From start to finish, their service werw great. Thankyou.
3.8 March 02, 2023
Great Experience
I got great deals on PolicyBazaar website. Highly recommend.
4.3 February 17, 2023
Excellent Purchase
It was a excellent purchase at PolicyBazaaar. Thankyou team.
4.3 February 04, 2023
Prompt Services
Policybazaar's efficient claims process was impressive. In case of any medical emergencies, my employees were able to get their claims settled swiftly, allowing them to focus on their health and recovery without worrying about financial aspects.Thankyou
4.3 January 22, 2023
Budget Friendly Purchase
Thankyou PolicyBazaar for providing such a great plan at affordable premium rates. It was a budget-freindly purchase.
4.3 January 09, 2023
Multiple Range Of Benefits
I purchased Group health Insurance which offered me plans with affordable rates Thankyou PB.