Medicare Cost Report Specialist

POSITION SUMMARY

The Medicare Cost Report Specialist will be responsible for preparing and managing the Medicare/Medi-Cal Cost Reports required by healthcare providers participating in the Medicare/Medi-Cal program. The Medicare Cost Report Specialist will work in conjunction with Controller and Chief Financial Officer to ensure that Cost Reports for multiple Med-Surg Hospitals, LTAC Hospitals, CAHs and Rural Health Clinics comply with the Centers for Medicare & Medicaid Services (CMS) regulations.

POSITION QUALIFICATIONS

-           Bachelor's degree in finance, accounting, healthcare administration.

-           Experience in healthcare finance, specifically with a focus on Cost report preparation and Medicare reimbursement.

-           Familiarity with CMS regulations and guidelines related to Medicare Cost Reporting.

-           Strong analytical and problem-solving skills.

-           Attention to detail and accuracy.

-           Excellent communication skills.

-           Knowledge of Medicare regulations and reimbursement methodologies.

-           Financial analysis in a healthcare setting.

-           Understanding of cost allocation principles.

-           Proficiency in spreadsheet and Cost Reporting software

DUTIES AND RESPONSIBILITIES

-           Collect and validate financial and statistical data from various departments within the healthcare organization.

-           Ensure accuracy and completeness of data in accordance with Medicare regulations and guidelines.

-           Prepare and submit annual Medicare/Medi-Cal Cost Reports in compliance with the Centers for Medicare & Medicaid Services (CMS) regulations.

-           Compile information related to allowable costs, reimbursement, and financial performance.

-           Maintain accurate and organized documentation supporting the information presented in the Medicare Cost Reports.

-           Prepare and organize documentation for audits and reviews.

-           Collaborate with internal teams to provide training and guidance on internal control for effective Cost Reporting & documents requirements.