Standard Occupational Classification (SOC): Financial Managers

Financial managers in healthcare are responsible for overseeing the financial operations of healthcare organizations, such as hospitals, clinics, and nursing homes. They may be involved in tasks such as budgeting, financial planning, financial reporting, and financial analysis. Financial managers in healthcare may also be responsible for developing and implementing financial policies and procedures, and for ensuring compliance with laws and regulations.

Financial managers in healthcare typically need a bachelor’s degree in a related field such as accounting, finance, or business administration. They may also be required to have professional certification, such as a Certified Public Accountant (CPA) or Certified Healthcare Financial Professional (CHFP). Financial managers in healthcare must have strong analytical and problem-solving skills, as well as the ability to interpret and apply financial regulations and standards. They must also have excellent communication and interpersonal skills, as they may be required to interact with a wide range of people, including healthcare professionals, staff, and patients.