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Advocate Aurora Health · 1 week ago

Senior Reimbursement Analyst- Accounting Experience Required

AAO Milwaukee - 750 W Virginia St

Full-time

Hybrid

Senior Level

$40.30/hr - $60.45/hr

5+ years exp

Advocate Aurora Health is the third-largest nonprofit, integrated health system in the United States, created from the combination of Advocate Aurora Health and Atrium Health. They are seeking a Senior Reimbursement Analyst who will be responsible for planning and preparing revenue analysis, reviewing government agency regulations, and advocating for administrative flexibility within government regulations to improve efficiency in reimbursement processes.

Health Care

Responsibilities

Plans and prepares revenue analysis for system wide programs, projects and services, and monitors revenue budgets and benchmarking activities. Identifies and researches opportunities to enhance revenue and improve administrative efficiency of governmental payor programs. Works with the Manager of Reimbursement in conjunction with financial and operational leadership to implement the opportunities identified

Reviews government agency bulletins, publications, and the Federal Register to understand proposed and actual state and federal government statutory and regulatory changes that impact Aurora and analyzes the financial and operational impact of the changes to Aurora. Works with the Manager of Reimbursement to develop a plan to communicate the impact of the statutory and regulatory changes to finance and operational leadership. Coordinates Aurora’s response to government agencies on proposed rulemaking and assists with making necessary operational changes to maximize Aurora’s reimbursement under these government programs

Serves as one of the Aurora representatives on the state Medicaid Hospital Rate Advisory Group, Health Care Quality Coalition, and Wisconsin Hospital Association Medicaid Advisory Group. Participates regularly in national, statewide and regional public forums designed to inform payers and providers on policy changes to government payor programs. Working with the Manager of Reimbursement, advocates for administrative flexibility within government regulations in order to improve efficiency and obtain proper coverage for services

Provides support as needed to Finance and Operations on reimbursement related matters. Assists with the preparation of the model template to be utilized in the annual budget process for third party reimbursement

Prepares and/or provides necessary information required for the completion of the annual Medicare and Medicaid interim and year-end cost reports. Supports/coordinates all system Fiscal Intermediary data requests, audits and exit conferences. Develops and maintains appropriate relationships with the Fiscal Intermediary

Prepares analysis and provides recommendations to ensure that all regulatory reviews are completed accurately and on time

Develops and provides coordination for the system-wide monthly closing process with respect to Medicare/Medicaid liabilities

Monitors processes to ensure accurate payment for Medicare/Medicaid and monitors interim payments to determine accuracy, appropriateness and potential liability. Requests adjustments from United Government Services (UGS) and updates internal systems

Works with Graduate Medical Education programs to ensure proper Medicare and Medicaid reimbursement and minimize governmental audit exposure through compliance with regulations specific to medical education programs. Assists with the development of pro forma analysis for new potential community partnerships (i.e., FQHC partnerships, dental residency, etc.) to project future budgets, as well as identify state and federal reimbursement to support these new care delivery models

Qualification

Medicare regulationsMedicaid regulationsFinancial statement analysisData miningMicrosoft Office proficiencyAnalytical skillsCommunication skillsInitiativeSelf-motivated

Required

Bachelor's Degree in Finance or related field

Typically requires 5 years of experience in reimbursement that includes experiences in preparation of Medicare/Medicaid cost reports, regulations and the analysis, modeling and reporting of third party payers

Demonstrated expertise with Medicare and Medicaid regulations in a health care or federal intermediary setting

Knowledge and understanding of third party regulations and the interrelationship of financial statements to not only comply with regulations but to maximize and develop strategies to increase the organization's reimbursement rate with ongoing changes

Demonstrates strong initiative and produces high quality analytical results. Able to perform tasks independently

Strong accounting background with experience in preparing and/or reviewing health care financial statements which are required to perform accurate account analysis

Strong proficiency in the use of the Microsoft Office (Excel, PowerPoint, Word, Access), software systems, data management tools or similar products

Proficiency in data mining and analysis

Demonstrated ability to work and function in a complex environment. Excellent written and verbal communication skills and the ability to communicate revenue cycle issues to all levels of the organization

Demonstrated ability to take initiative, produce high quality results, and perform assigned activities in an independent manner. Self-motivated and capable of carrying a project through to successful completion