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Connecticut Department of Administrative Services · 6 days ago

Principal Cost Analyst(Hybrid)

Hartford, CT

Full-time

Hybrid

Senior Level, Lead/Staff

$100K/yr - $127K/yr

8+ years exp

The Connecticut Department of Administrative Services is seeking a Principal Cost Analyst to join their Division of Health Services. This role involves the development and implementation of Medicaid reimbursement methodologies and requires consultation with healthcare facilities and state leadership regarding Medicaid payment.

GovernmentService IndustrySocial Assistance

Responsibilities

Plans unit workflow and determines priorities

Schedules, assigns, oversees and reviews work

Establishes and maintains unit procedures

Provides staff training and assistance

Conducts or assists in conducting performance evaluations

Acts as liaison with operating units, agencies and outside officials regarding unit policies and procedures

May make recommendations on policies or standards

May prepare reports and correspondence

Performs related duties as required

Monitors a team of accountants engaged in cost analysis work of determining per diem rates of reimbursement for Medicaid supported patients or carries out such responsibilities directly

Consults with and advises administrators of facilities in preparation and presentation of financial and cost finding reports

Analyzes and interprets cost reports and recommended reimbursement rates to administrators

Attends and participates in appeals hearings for purpose of performing continuous evaluation of cost trends by analyzing facility expenditures and/or adjustments of expenditures in terms of need, policies, financial objectives and legal requirements and recommends appropriate action

Performs related duties as required

Qualification

Medicaid reimbursementCost accountingFiscal managementHealth care budgetingFinancial analysisSupervisory abilityInterpersonal skillsOral communicationWritten communication

Required

Eight (8) years of experience in technical work in cost accounting or fiscal management

One (1) year of the General Experience must have been in an advanced professional capacity recommending cost funding policies in a medical, intergovernmental or quasi-public setting

Considerable knowledge of principles and practices of business administration

Considerable knowledge of principles and techniques of health care budgeting, budget control and cost accounting

Knowledge of research techniques and statistical principles and procedures

Considerable interpersonal skills

Considerable oral and written communication skills

Considerable ability to interpret costing and reporting regulations

Ability to utilize computer software

Supervisory ability

Preferred

Experience in fiscal analysis, cost reporting, ability to synthesize complex financial data and to clearly and effectively convey information both verbally and in writing, listen actively, and adapt communication style to different situations

Experience independently performing highly complex cost, financial analysis functions for calculating Medicaid reimbursement methods

Experience analyzing claims data, provider financial data, and cost reports

Experience with interpersonal, verbal and written communication skills

Experience interpreting and applying federal and state laws and regulations

Experience with Medicaid payment and financing policy, including: fee-for-service, global / bundled payment methods, value-based payments, care transformation, hospital reimbursements

Benefits

Professional growth and development opportunities.

A healthy work/life balance to all employees.

The State of Connecticut is an eligible Public Service Loan Forgiveness employer, meaning you may be eligible to have qualifying student loans forgiven after 10 years of service.