Santosh Marathe

CEO

Ahmedabad, Gujarat, India30 yrs 1 mo experience
Highly Stable

Key Highlights

  • Over 25 years of leadership in healthcare.
  • Expert in financial governance and operational strategies.
  • International speaker at multiple global forums.
Stackforce AI infers this person is a Healthcare Executive with extensive financial and operational expertise.

Contact

Skills

Core Skills

Healthcare ManagementFinancial GovernanceFinancial AnalysisFinancial Management

Other Skills

Financial oversightOperational performanceDoctor productivity metricsBusiness process re-engineeringPatient centric initiativesService outcomesPatient engagementCommunity outreachFinancial performanceConsultant engagementRisk managementRevenue optimizationRevenue cycle managementIT systemsStrategic planning

About

Professional Summary : Healthcare Strategist & Advisor I Chief Executive Officer | Chief Operating Officer l Chief Financial Officer – Healthcare Industry | International Speaker Master of Business Administration | Master of Commerce Santosh Marathe has 25+ years of leadership experience and successes in the healthcare industry, combined with 9 years in manufacturing, distribution and engineering industries. Santosh’s capabilities and strengths include: - Resolving challenging issues related to cost leadership targets, growth strategies and pricing strategies, financial governance, and physician compensation. - Leveraging technology and driving new processes, agreements to improve efficiency and physician engagement, and ensure integrity of financial transactions. - Managing multiple, concurrently running projects, identifying and resolving root causes of problems versus circumventing around them, and inspiring people to overcome obstacles and perform at their best. In the earlier work assignments, Santosh has been the COO at NMC healthcare managing 16 JCI Accredited Hospitals (1,000 Beds) with prior stint as the Regional CEO for Apollo Hospitals Enterprises Limited, managing 7 Hospitals (1,200 Beds) & prior to that as the CFO at American Hospital Dubai, a JCI and CAP accredited multispecialty hospital (185 Beds). Santosh received the CIPLA Award for Academic Excellence while attending graduation. He has been a speaker in multiple international forums at Boston, Sydney, Singapore, Hongkong, Amsterdam etc. Specialties: - Physician relationship management - recruitment & retention - Clinical & Service Excellence governance - Facilities & Fixed asset monetization - Physician Compensation & Metrics - Financial governance with Analysis & Reporting - Clinic Ambulatory Setup & Financial Modelling - Pricing Strategies & Product Costing - Information Technology Solutions - EMR & HiMSS - Business Development & Strategic Alliances - Quality, HR & Supply Chain Management - Undertook 7 JCI surveys - Board & Committee Affairs - Process & Performance Improvement

Experience

30 yrs 1 mo
Total Experience
3 yrs 9 mos
Average Tenure
7 mos
Current Experience

Sterling hospitals

MD & CEO

Nov 2025Present · 7 mos · Ahmedabad, Gujarat, India · On-site

  • Sterling Hospitals is the first Corporate Hospital chain in Gujarat with presence in Ahmedabad, Vadodara, Rajkot & Gandhidham with 6 NABH accredited Hospitals including 2 Oncology Hospitals, with a combined 1000+ bed capacity.

Nmc healthcare

Chief Operating Officer

Jul 2024May 2025 · 10 mos · Abu Dhabi Emirate, United Arab Emirates · On-site

  • Financial & operational oversight of 16 JCI Accredited facilities (including Long term Care), 1 CARF facility, 7 ISO Labs & 1 CAP Lab. Responsible for Budgets and P&L while heading Operations & facilities management across all facilities.
  • Responsible for overall financial & operational performance of the Hospital & Clinic Units
  • Responsible for Doctor productivity metrics – Acquiring & developing Doctor practices, supporting Clinical programs with sub-specialties & Doctor compensation modelling
  • Defined & rolled out Operations-Committee playbook - Operational & Service outcomes for each Business Unit (BU) with outcome benchmarks
  • Re-engineered business processes to optimize patient touch points – VOC
  • Strengthened & expanded Hub & Spoke Model between Clinics & Hospitals – Clinical scope & Referrals
  • Initiated Doctors community reach initiatives – Open House events, Round Table Meets, Case of the week, Know Your Doctor (KYD) program & Shared resources framework
  • Evolved “Registration # Growth Strategy”
  • Consolidated Patient centric initiatives – Call Center, Mobile App, CRM
  • Active participation on multiple committees (e.g., Pricing Committee, Clinical PMO & Operations PMO, Operations Committee, Revenue Cycle Management Committee, Procurement Committee, Strategy Committee etc ).
  • Providing strategic recommendations to enhance financial performance and new business opportunities.
Financial oversightOperational performanceDoctor productivity metricsBusiness process re-engineeringPatient centric initiativesHealthcare Management+1

Apollo hospitals

Regional CEO Western Region - Navi Mumbai | Nasik | Ahemdabad | Gandhinagar

Dec 2016Jul 2024 · 7 yrs 7 mos · Navi Mumbai

  • Oversight of Regional Units in states of Maharastra & Gujrat. Led Doctor engagement initiatives in evolving Centre of Excellence (COE) for Clinical programs, assuring revenue & margin sustenance, interfacing & working with Public Health Authorities in participative healthcare reforms.
  • Responsible for overall financial & operational performance of the Unit
  • Responsible for Consultant engagement including on-boarding & compensation
  • Created Clinical & Non-Clinical Leads to manage Risk Management, Performance Improvement, Operations Committee, HR Committee, Revenue Optimization, Physician Advisory Committee.
  • Responsible for planning, implementing, managing and optimizing all Consultant compensation & productivity reviews.
  • Supervising due diligence, handling business & Physician practice acquisitions with business valuations & financial reviews.
  • Providing strategic recommendations to enhance financial performance and new business opportunities.
  • Ensuring effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax reporting.
  • Managed Spend Management initiatives thru material renegotiations to reduce multiple brand exposures for similar product lines.
  • Initiated standardization of biomedical equipment to standardize consumable costs.
  • Spearheading HiMSS EMR adaptability
Financial performanceConsultant engagementRisk managementRevenue optimizationHealthcare ManagementFinancial Governance

American hospital dubai

Chief Financial Officer

Apr 2010Nov 2016 · 6 yrs 7 mos · Dubai

  • Led & oversighted finance, billing, revenue management, IT, and material department services. Member of Risk Management, Performance Improvement, Finance, Utilization Review, Assets & Contracts, HR, Revenue Optimization, Technology, and Product Review & Standardization Committees.
  • Responsible for planning, implementing, managing and controlling all financial-related activities including the development of financial and operational strategies & treasury functions
  • Managing accounting, finance, forecasting, legal, strategic planning, deal analysis, negotiations and investor relations.
  • Supervising due diligence, handling business & Physician practice acquisitions with business valuations & financial reviews.
  • Providing strategic recommendations to enhance financial performance and new business opportunities.
  • Ensuring effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax reporting.
  • Managed material renegotiations to reduce multiple brand exposures for similar product lines. Initiated standardization of biomedical equipment to standardize consumable costs. Restructured staff health plan for annual savings.
  • Spearheaded ICD 10 and CPT adoption strategy & strategized HIMSS EMR adaptability to achieve 5.6 out of 7 rating.
  • Liaised with Dubai Health Authority for policy changes and feedback on proposed resolutions. Currently working on DRG costing/process changes.
  • Led the Revenue Cycle Management - Restructured discount proposal with progressive volume rebates. Initiated utilization review for claim review with payers, physician query process via scrubbing of claims, and open house to orient payers with hospital services.
  • Launched physician productivity dashboard based on MGMA/utilization metrics for performance/compensation reviews.
  • Set up HIS, billing process, payer agreements, physician contracts for hospital’s 1st satellite ambulatory clinic.
Financial managementRevenue cycle managementIT systemsStrategic planningFinancial GovernanceHealthcare Management

Apollo hospitals

2 roles

Vice President Finance

Promoted

May 2006Mar 2010 · 3 yrs 10 mos

  • Established all financial, IT, and recruitment systems for a 275-bed multi specialty JCI accredited, joint venture between Apollo Hospitals and local investors in Bangalore, India.
  • Directed finance, billing, revenue management, IT, materials department services, HR, internal audit, and marketing functions. Member of Risk Management, Performance Improvement, and Finance Committees.
  • Achieved operational break even within 18 months of operations through cost leadership coupled with business growth initiatives.
  • Responsible for planning, implementing, managing and controlling all financial-related activities including the development of financial and operational strategies & treasury functions
  • Managing accounting, finance, forecasting, legal, strategic planning, deal analysis, negotiations and investor relations.
  • Providing strategic recommendations to enhance financial performance and new business opportunities.
  • Ensuring effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax reporting.
  • Designed and implemented HIS systems, including SCM and financial accounting with multiple pilot runs before hospital’s opening. Designed and devised appropriate physician compensation for recruitment and retention of physicians. Linked physician productivity metrics with physician compensation initiatives.
  • Initiated Internal Audit “Night Audit” to review billing accuracy and consistency.
  • Lowered interest exposure and extended payback period by restructuring debt for hospital.
  • Generated savings by introducing cost savings initiatives on consumables.
  • Initiated business development agreements with insurance, government organizations, and community physicians. Structured Pan-India ambulance deal and led other business development initiatives.
Financial strategiesBusiness developmentCost savings initiativesFinancial GovernanceHealthcare Management

Chief Financial Officer

Sep 2002Apr 2006 · 3 yrs 7 mos

  • Directed finance, billing, IT, materials department services, pharmacy, and internal audit functions during period of organizational transition for 350-bed multispecialty joint venture between Apollo Hospitals and Charitable Trust in Pune, India.
  • Initiated concept of annual operating plans that included establishment of financial and non-financial metrics. Shifted physician from salaried model to fee for service (FFS) model. Handled 2 staff wage union settlements involving significant negotiations and discussions.
  • Responsible for planning, implementing, managing and controlling all financial-related activities including the development of financial and operational strategies & treasury functions
  • Managing accounting, finance, forecasting, legal, strategic planning, deal analysis, negotiations and investor relations.
  • Providing strategic recommendations to enhance financial performance and new business opportunities.
  • Ensuring effective internal controls are in place and compliance with applicable regulatory legislation for financial and tax reporting.
  • Achieved efficiencies and generated cost savings by evolving and setting up processes for SCM in pharmacy and consumables.
  • Facilitated Trust’s clinical trials and fund raising for research activities for multiple oncology projects.
  • Changed physician contracts, set up billing guidelines, devised budgets and operational plans, and revamped IT systems in support of organization’s transition to a for profit trust.
  • Established IT system with clear blueprint of billing and doctor payouts.
  • Initiated business development initiatives with insurance, government organizations, and community physicians.
Financial managementOperational strategiesBusiness developmentFinancial GovernanceHealthcare Management

Eagle flask limited

Financial Analyst

Aug 2001Aug 2002 · 1 yr · Pune Talegoan

  • Key challenges involved company’s financially struggling Poultry and Flask Business Units.
  • Oversaw financial closure of individual strategic business units and group consolidations. Worked with McKinsey consultants for business valuations and brand evaluation. Built alliances with Tupperware, Amway, Salton, and Westfalia for business development and brand sharing.
Financial managementOperational strategiesBusiness developmentFinancial GovernanceHealthcare Management

Deeva network

Head - Finance and Operations

Jan 2000Jan 2001 · 1 yr · Pune Area, India

  • Provided financial and operational leadership for a national recruitment and training company.
  • Prepared business plan and valuation of business and raised funds through venture capitalists and their appropriate allocations. Worked with Deloitte & Touche on VC funding. Initiated organizational development plan, created ESOP policy and budgetary control system, and handled finalization and audit of account books. Developed financial models for cost centers, analyzed feasibility of new projects and strategies, and fulfilled statutory compliance requirements (RBI, STPI, patents, trademarks, FERA, Shop Act, Income Tax, etc.).
Financial analysisBusiness valuationsFinancial Analysis

Sapat and company

Commercial Manager

Dec 1998Oct 2000 · 1 yr 10 mos · Nāsik Area, India

  • Managed cash flow operations and facilitated pricing strategies and costing tea for manufacturing and distribution company seeking to secure additional fund infusions for expansion of supply chain distribution and growth.
  • Initiated activity-based costing and a zero-based budgeting exercise. Undertook active financial working for valuation exercise with KPMG Consultants. Facilitated personnel development plan for managers and senior management team. Led ISO implementation as a lead auditor.
Financial leadershipBusiness planningFinancial Management

Crompton greaves

Accounts Executive

Jan 1994Jan 1998 · 4 yrs · Nāsik Area, India

  • Handled finalization of accounts, inter-unit reconciliations between all branches in India and overseas operations, commercial and banking transactions of imports of raw materials for engineering company specializing in manufacturing of IV panels and cogeneration units.
  • Led multiple small group activities (SGIA) under Kaizen and served as key member of task force implementing SAP. Drove successful effort to resolve unreconciled debtors and receivables dues. Improved efficiency of financial reporting by revising existing chart of account and CCH account codes.
Cash flow managementPricing strategiesFinancial Management

Education

MBA Finance

Master of Business Administration (MBA) — Finance

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