What are the responsibilities and job description for the Senior Financial Analyst - Reimbursement position at Lehigh Valley Hospital?
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Summary
Interprets Medicare and Medicaid regulation and direct hospital activities to comply with government payment regulation and optimize Medicare and Medicaid revenue. Develops and executes processes necessary to gather information required for completion of the Medicare and Medicaid cost reports and is responsible to complete the cost reports accurately and by the filing due dates.
Job Duties
- Calculates the financial impacts of purchasing, readmissions, hospital acquired infections, and accountable care arrangements.
- Develops strategies and implement processes to ensure the hospital is in compliance with Medicare and Medicaid regulation.
- Develops processes needed to complete cost reports and ensure the hospital is paid for all programs and services.
- Provides expert guidance on complying with Medicare and Medicaid reimbursement and payment regulation.
- Provides expert advice to identify opportunities to achieve reimbursement for all programs and services provided.
- Provides support for participation in cost report appeals and cost report group appeals.
- Evaluates firms organizing group appeals and recommend firms and consultants to use in preparing and follow appeals.
- Supports the revenue budget process for items where reimbursement is calculated on the cost report.
- Reviews third party settlements monthly and updates in accordance with the monthly and fiscal year end closing schedules.
Minimum Qualifications
Physical Demands
Lift and carry 25 lbs. frequent sitting / standing, frequent keyboard use,
Job Description Disclaimer : This position description provides the major duties / responsibilities, requirements and working conditions for the position. It is intended to be an accurate reflection of the current position, however management reserves the right to revise or change as necessary to meet organizational needs. Other responsibilities may be assigned when circumstances require.
Lehigh Valley Health Network is an equal opportunity employer. In accordance with, and where applicable, in addition to federal, state and local employment regulations, Lehigh Valley Health Network will provide employment opportunities to all persons without regard to race, color, religion, sex, age, national origin, sexual orientation, gender identity, disability or other such protected classes as may be defined by law. All personnel actions and programs will adhere to this policy. Personnel actions and programs include, but are not limited to recruitment, selection, hiring, transfers, promotions, terminations, compensation, benefits, educational programs and / or social activities.
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