Reimbursement Analyst

American Addiction Centers•Milwaukee, WI

2d•$33 - $50•Remote

About The Position

Assist with plans and prepares revenue analysis for system wide programs, projects and services, and monitors revenue budgets and benchmarking activities. Acts as support for all system intermediary data requests, audits and exit conferences. Assists in preparation and provides necessary information required for the completion of system wide external financial audits, and Medicare and Medicaid interim and year-end cost reports. Assists with coordination of the year-end system financial audit with external auditors and reimbursement staff. Develops and maintains appropriate relationships with the Fiscal Intermediary and external auditors. Prepares analysis and assists in making recommendations to ensure that that all regulatory reviews are completed accurately and on time. Participates in the development and preparation of the system wide budgeting for Gross and Net Patient Revenue to ensure accuracy, timeliness, and compliance with accounting standards. Analyzes and reviews the monthly accounts receivable valuation and provides recommendations to ensure optimal reimbursement. Understands and oversees the tools used for calculation. Develops and provides coordination for the system wide monthly closing process with respect to Medicare/Medicaid liabilities and the allowances on patient receivables. 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. Develops and applies an understanding of Medicare and Medicaid regulations pertaining to current and proposed reimbursement and works directly with Government Affairs and external consultants to provide needed expertise. Coordinates, with the Financial Planning department(s), the preparation of System budgets as they pertain to third party reimbursement. Provides support to Financial Planning in the development of retrospective financial review and pro forma development.

Requirements

Strong MS Excel and Accounting skills required.
Bachelor's Degree in Finance or related field.
Typically requires 3 years of experience in 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.

Responsibilities

Assist with plans and prepares revenue analysis for system wide programs, projects and services, and monitors revenue budgets and benchmarking activities.
Acts as support for all system intermediary data requests, audits and exit conferences.
Assists in preparation and provides necessary information required for the completion of system wide external financial audits, and Medicare and Medicaid interim and year-end cost reports.
Assists with coordination of the year-end system financial audit with external auditors and reimbursement staff.
Develops and maintains appropriate relationships with the Fiscal Intermediary and external auditors.
Prepares analysis and assists in making recommendations to ensure that that all regulatory reviews are completed accurately and on time.
Participates in the development and preparation of the system wide budgeting for Gross and Net Patient Revenue to ensure accuracy, timeliness, and compliance with accounting standards.
Analyzes and reviews the monthly accounts receivable valuation and provides recommendations to ensure optimal reimbursement.
Understands and oversees the tools used for calculation.
Develops and provides coordination for the system wide monthly closing process with respect to Medicare/Medicaid liabilities and the allowances on patient receivables.
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.
Develops and applies an understanding of Medicare and Medicaid regulations pertaining to current and proposed reimbursement and works directly with Government Affairs and external consultants to provide needed expertise.
Coordinates, with the Financial Planning department(s), the preparation of System budgets as they pertain to third party reimbursement.
Provides support to Financial Planning in the development of retrospective financial review and pro forma development.

Benefits

Advocate Health offers a comprehensive suite of Total Rewards: benefits and well-being programs, competitive compensation, generous retirement offerings, programs that invest in your career development and so much more – so you can live fully at and away from work, including:
Compensation Base compensation listed within the listed pay range based on factors such as qualifications, skills, relevant experience, and/or training
Premium pay such as shift, on call, and more based on a teammate's job
Incentive pay for select positions
Opportunity for annual increases based on performance
Benefits and more Paid Time Off programs
Health and welfare benefits such as medical, dental, vision, life, and Short- and Long-Term Disability
Flexible Spending Accounts for eligible health care and dependent care expenses
Family benefits such as adoption assistance and paid parental leave
Defined contribution retirement plans with employer match and other financial wellness programs
Educational Assistance Program