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Senior Cost Reporting Analyst
4 weeks ago
POSITION TYPE: Administrative
SPECIALTY UNIT: Senior Cost Reporting Analyst
LOCATION: Indiana
SHIFT: Days (REMOTE)
JOB TYPE: Full-Time Permanent
Job Description:
The Senior Cost Reporting Analyst provides financial analysis to department by coordinating the Medicare/Medicaid cost reports, other regulatory filings as required by current regulations, including the development, implementation and maintenance of time studies, statistics, revenue and expense information. Manages and submits information requests for Medicare/Medicaid audits and identifies and evaluates financial impact, prepares documentation, and files appeals for final settled Medicare/Medicaid cost reports. This is a REMOTE position and will be Mon-Fri from 8a-5p EST.
Responsibilities:
- Analyzes impact of audit adjustments and confirms audit issues are consistent with Medicare/Medicaid regulations.
- Possess knowledge of current Medicare and Medicaid rules and regulations. Acts as a technical resource regarding all Medicare, Medicaid reimbursement issues.
- Develops and maintains appropriate documentation for wage index and occupational mix surveys; evaluates the accuracy, consistency and effect on Medicare reimbursement
- Prepares required data submissions for Medicare (federal) and Medicaid (state) disproportionate share reporting and audits.
- Analyze critical computations such as disproportionate share, direct and indirect medical education, wage index data, and bad debts.
- Manages the analysis of rate calculations provided by third party payers and governmental agencies for accuracy.
- Coordinates the completion of provider-based attestations for outpatient locations, updates Medicare, Medicaid enrollment forms when needed
- Communicate and explain significant changes in third party settlement accounts on a monthly and year-end basis to CFOs and other stakeholders
- Review and prepare various financial analyses related to third party settlements as required by Senior Management.
- Assists in the coordination of the annual base rate calculations and information associated with.
- Assist with the documentation and account analysis for annual financial audit and associated work papers as required by Independent audit staff.
- Prepares and reviews third party settlement account analysis under the direction of the management and as requested by Independent auditors.
- Reviews financial statement schedules related to third party settlements for accuracy and reasonableness.
- Develops and maintains good working relationships with Medicare Administrative Contractor.
- Performs other job related duties as assigned.
Qualifications:
- Bachelor's Degree in Accounting or Finance - Required
- Master's Degree - Preferred
- 5 years Medicare and Medicaid reimbursement in a hospital environment or consulting firm - Required
- 3 years Medicare and Medicaid cost report preparation experience. - Required
- Certified Public Accountant (CPA) - Preferred
- Healthcare Financial Management Association Certification (HFMA) - Preferred
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