Cost Allocation Contractor

Job Title: Cost Allocation Contractor

Location: Remote

Contract Duration: 3 Years contract

Hours/week: 35

Overview:

IRG clients are seeking a qualified professional entity to serve as a Cost Allocation Contractor. The selected contractor will support and maintaining compliance with federal regulations, optimizing federal funding, and updating the Cost Allocation Plan (CAP).

Key Responsibilities:

• Review Cost Allocation Plan (CAP) submissions to ensure compliance with federal regulations, including drafting CAP narrative edits.
• Identify opportunities to increase federal funding for eligible activities and modify software configurations as needed.
• Assist in cost impact calculations for CAP updates.
• Support the Comptroller in responding to inquiries from Cost Allocation Services and Centers for Medicare & Medicaid Services (CMS).
• Provide at least four (4) hours of annual onsite training focused on cost allocation principles related to Medicaid.
• Advise Senior Leadership on the applicability of cost allocation principles and federal administrative claiming regulations.
• Perform updates and optimizations to AlloCAP software to enhance usability and issue identification.

Required Qualifications & Skills:

Minimum of 5 years of experience in:

• Medicaid Cost Allocation Plan (CAP) methodologies.

Federal administrative cost claiming.

• Application of CAP methodologies in Medicaid programs.

Strong knowledge of federal regulations, including but not limited to:

• 2 CFR 200 Uniform Administrative Requirements.
• Cost Principles for federal funding.
• Audit Requirements for Federal Awards.
• Experience in configuring and updating AlloCAP software for Medicaid cost allocation.

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