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.