Senior Reimbursement Analyst; on-site

Overview

The Senior Reimbursement Analyst is primarily responsible for the preparation and filing of system cost reports including the home office cost reports, long-term care cost reports and all other similar federal and state reports that are required. The Senior Reimbursement Analyst should have expertise in reading and interpreting federal guidelines associated with filing cost reports and the basis for preparing accounting entries every month.

Responsible for organization, prioritization, and structure of workload.

• Prepare work papers, enter data and file the cost reports for the Health System. Ensures reports are prepared in advance for a thorough review and that all reports are filed timely with governing authorities.
• Analyst should understand basic accounting principles and how to prepare journal entries associated with cost reports and other accounting processes within the department.
• Monitor and interpret Federal and State reimbursement regulations, maintain proficiency in using the Federal Register, and maintain a thorough working knowledge of all payer reimbursement principles and regulations.
• Identify and assist with the implementation of strategic reimbursement initiatives. Assist with financial analysis of new and existing programs related to governmental reimbursement calculations, issues and projections.
• Accurately prepare the System Home Office cost report and files within stated deadlines.
• Prepare and respond to audits with management oversight from federal or state intermediaries and agencies on open cost reports.
• Completes the Medicare Intern and Resident Information System (IRIS) file.
• Assist in the preparation of the IME GME filings.
• Administrator of Doc Time log software that tracks both physician medical director and other administrative hours. Sets up new physician users and provides training.
• Computes monthly receivables/payables and prepares journal entries to record the adjustments. Reconciles Medicare periodic interim payments (PIP) to the general ledger and the monthly Medicare receivable/payable schedule.
• Computes reimbursement rates for all payers including those for Medicare IPPS, Medicare SNF, Medicare Inpatient Rehab, and Medicare Inpatient Psych. Analyst should have an understanding of reimbursement and billing practices for other commercial and HMO plans.
• Periodically reconciles commercial insurance claim payments that are based on a methodology similar to or including Federal government reimbursement principles.
• Compiles the annual workman’s compensation data request used for the annual rate setting.
• Performs quarterly cash audits.
• Performs monthly operating reviews with department heads and assists in budget completion with assigned departments.
• Prepares business pro forma for new strategic objectives and service line reviews.
• Prepares wage index projections when CMS releases its proposed and final rules.
• Prepares reconciliation of UCP from Final Notice to Cost Report Reconciliation.
• Works with vendors on special reimbursement initiatives.
• Completed Medicaid Assister program reporting.
• Analyze DRG and APC impact changes.
• Prepares low-volume adjustments.
• Basic understanding of cost accounting and the method in which costs are allocated in the cost accounting system.

Education: Bachelor’s Degree in Accounting, Business, Finance or Healthcare Administration.

Master’s Degree or CPA preferred.

Experience: Two to Four Years of Accounting or Finance Experience preferred.

Two years in an analyst role is preferred.

Prior experience completing cost reports for government programs is preferred.

Must be able to work independently.

Must be able to read, write legibly, speak, and comprehend English.

Must have a passion for change and identifying better ways to do things. Must be an effective communicator and independent worker who will be an industry leader in changing how data and analytics is configured, delivered, and supported.

• Maintains performance, patient and employee satisfaction and financial standards as outlined in the performance evaluation.
• Performs compliance requirements as outlined in the Employee Handbook
• Must adhere to the DCH…