Nagaraju Thungapati

As Founder & Managing Director of Hospifin Solutions Pvt. Ltd., I bring over 18 years of experience in revenue cycle management, receivables, and collections across healthcare and corporate sectors. My professional journey includes working with leading organizations such as Sigma Aldrich Inc., Stanley Black & Decker, Ingersoll Rand, Interface Inc., Columbia Asia Hospitals, Apollo Hospitals, and Care Hospitals. In this role, I am focused on building innovative and efficient financial solutions for the healthcare industry—driving improved cash flow, reducing bad debt, and strengthening revenue cycle performance through strategic and technology-driven approaches.

Receivable Management: Maintain account relationships with key accounts at units and particular focus on growing account. Also, support National Credit Controller in manage relationship for nationally accounts.  Ensure compliance to Credit Management policies and SOPs.  Oversee account reconciliation and balance confirmation process at hospital with customers Drive collection performance and resolve issues with local teams. Monitor key KPIs related to Sale Days and collection targets through cash forecast, receivable budget and target setting processes. General Credit / Cash Patients oversight and dispute management and align legal actions with operations team Monitor provision for doubtful debts adequacy for both bad debts and disallowances. Ensure strict compliance corporate policies and accurate reporting. Credit Cell Management: Monitor bill dispatch TAT and ensure timely submission to parties. Engage with operations and billing teams to ensure bottlenecks are resolved. Oversee credit bill docketing process (documentation / verification / submission) to meet respective KPI measures Ensure customer queries are tracked and responded without any delay and with customer satisfaction and these don’t ultimately result in deductions.  Review disallowance at customer level and implement adequate processes to control / eliminate disallowances while engaging with billing, operations and IT functions. Review Medmantra agreements for credit customers for validity in line with customer MOUs / contracts and engage with Marketing team to establish appropriate controls. Engage with operations and oversee adherence to payer protocols / MOU conditions for credit billing. Review delays and disallowances for necessary process improvements. Team Management: Establish and monitor KRAs for team members and measure performance through organized review framework within the team.

Finance professional with over 14 years of progressive post qualification experience in Contracts, Billing, Credit Management and Credit Control to support financial and organizational efficiency and top and bottom-line growth in Health Care & Manufacturing companies.

Finance professional with over 13 years of progressive experience in Contracts, Billing, Credit management and control to support financial and organizational efficiency and top and bottom-line growth in Manufacturing companies Areas of expertise include Credit Control, Policy Formulation, Order to Cash, Commercial Contract building and Negotiation, Collection, Revenue Realization, Compliance & Risk Management, Stakeholder Management and MIS Reporting

Mange the Credit Control department for business and sales across India and lead a team of 5 resources and manage collections for a business of INR 400 Crores. Manage billing and recovery from over 500 customers like Accenture, IBM, Amex, and many others from purchase order to billing and revenue recognition. Engage with relevant departments and teams for fixing credit limit, reviewing client credit reports to support release of orders. Carry out appraisal of credit proposals & scrutinize relevant documents before credit sanctioning / disbursing, ensuring compliance with organizational credit policies. Handle all bad debt cases including frauds, defaulters, and insolvent clients; initiate appropriate legal action wherever required. Prepare and present multiple periodic reports (monthly, quarterly, and yearly) on collections, delinquency, and AR aging to senior management for informed decision making. Review letter of credit and bank guarantees, agreements, project documents as well as LCs and Bank Guarantees Received multiple appreciation and awards like “Performer of the Year Award” for two years 2016-17 and 2017-18 Possessing strong financial control and reporting skills and rigorously ensuring that all statutory and corporate obligations are met. Expertise in designing and implementing systems to achieve financial discipline and improve the overall efficiency of the organization. Skilled at preparation and finalization of Books of Accounts, Review of Monthly P&L and Balance Sheet, preparing MIS and Monthly reporting in HFM tool, Monthly Collection Review, and report to upper management etc. Proficient in managing Revenue accounting functions in coordination with internal/external departments and Branch offices for smooth financial operations. Knowledge of SAP, Tally ERP9, Oracle and Hyperion tool. Team player with good communication, interpersonal and analytical skills.

1.Credit control 2.Accounts payable verification for dealer accounts 3. C-forms and sales tax Review the company credit control procedure and develop and implement enhancements where required. To manage the outstanding sales balances falling due and contact customers before the balances become overdue to confirm payments. Set and monitor credit limits. Assist in developing and implementing a Direct Debit payment system. Where required initiate proceedings to ensure outstanding debts are bought to a satisfactory conclusion. To keep the company up to date with new credit management procedures and techniques.

Daily cash receipt accounting in SAP. Raising Debit and credit notes in system with proper backup and approval. Setting credit limits and implementing to the customer/dealers. Daily collection report to the respctive sales heads and finance manager. New customer creation in SAP.

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