Cost Reporting/Accounting Manager

Cincinnati Children's Hospital Medical Center • Cincinnati, OH • 2h ago

Responsibilities:

Prepare timely and accurate cost reports and variance analyses for internal management, external stakeholders, and regulatory compliance, including Medicare and Medicaid cost reports.

Collaborate with cross-functional teams, including Finance, Revenue Cycle, Accounting, Operations, and Clinical departments, to gather relevant cost data, provide insights, and support decision-making to optimize resource allocation and financial performance.

Lead and mentor a team of cost reporting and cost accounting professionals, providing guidance, training, and performance management to ensure departmental goals and objectives are met effectively.

Develop and maintain comprehensive cost accounting systems and processes to accurately capture, allocate, and report costs associated with hospital operations, including direct and indirect costs, labor, supplies, and overhead expenses.

Monitor industry trends, regulatory changes, and best practices in cost accounting and healthcare finance to identify opportunities for process improvement, cost reduction, and revenue enhancement initiatives.

Liaise with external auditors, government agencies, and third-party payers to facilitate audits, resolve discrepancies, and ensure compliance with regulatory requirements and reimbursement guidelines.

Participate in special projects and initiatives as assigned by senior management, such as system implementations, financial modeling, and strategic planning exercises, to support organizational goals and objectives.

Qualifications:

Bachelor's degree in Accounting, Finance, or related field; Master's degree and/or CPA designation preferred.

5 years of progressive experience in cost reporting.

Knowledge of healthcare reimbursement methodologies, regulatory requirements (e.g., Medicare, Medicaid), and healthcare industry trends required.

Proficiency in financial analysis, variance analysis, and financial modeling techniques, with advanced skills in Microsoft products.

Excellent communication skills, with the ability to effectively collaborate with cross-functional teams, present complex financial information to non-financial stakeholders, and influence decision-making at all levels of the organization.

Primary Location South Campus Schedule Full time Shift Day (United States of America) Department Accounting - General Employee Status Regular FTE 1 Weekly Hours 40 Expected Starting Pay Range Annualized pay may vary based on FTE status$91,520.00 - $116,688.00 Market Leading Benefits Including: Medical coverage starting day one of employment. View employee benefits here.

Competitive retirement plans

Tuition reimbursement for continuing education

Expansive employee discount programs through our many community partners

Shift Differential, Weekend Differential, and Weekend Option Pay Programs for qualified positions

Support through Employee Resource Groups such as African American Professionals Advisory Council, Asian Cultural and Professional Group, EQUAL - LGBTQA Resource Group, Juntos - Hispanic/Latin Resource Group, Veterans and Military Family Advocacy Network, and Young Professionals (YP) Resource Group

Physical and mental health wellness programs

Relocation assistance available for qualified positions

*Benefits may vary based on FTE Status and Position Type About Us At Cincinnati Children's, we come to work with one goal: to make children's health better. We believe in a holistic team approach, both in caring for patients and their families, and in advancing Apply here: https://www.aplitrak.com/?adid=YmJnZW5lcmljLjEyMDgxLjEwNTA4QGNpbmNpbm5hdGljaGlsZHJlbnNjb21wLmFwbGl0cmFrLmNvbQ

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