Cost Accounting Director

CO00 Children's Hospital Medical Center; United States; Hybrid; USD 112,590 - 146,369; Full time

Job summary

CO00 Children's Hospital Medical Center is seeking a qualified candidate for a pivotal role focused on managing Medicare and Medicaid reimbursement, compliance, and financial functions. This hybrid role allows two days of remote work weekly and is located at Cincinnati Children's South Campus.

The candidate must have a Bachelor’s degree and at least 7 years of relevant experience, particularly in preparing Medicare/Medicaid cost reports. Strong financial management and leadership skills are essential for success in this position.

Qualifications

• 7+ years of work experience in a related job discipline.
• Preferred: 7+ years preparing Medicare/Medicaid cost reports.

Responsibilities

• Prepare and file Medicare and Medicaid cost reports.
• Ensure compliance with the 340b drug discount program.
• Maintain the cost accounting system for valid reporting.
• Develop and enforce departmental policies and procedures.
• Manage annual and capital budgets with financial analysis.
• Oversee staffing and retention strategy.

Skills

Budget management

Financial analysis

Compliance understanding

Team leadership

Communication skills

Education

Bachelor’s degree in a related field

Job description

Position Overview

This is a hybrid position with 2 days of remote work per week. The role is located at Cincinnati Children’s South Campus.

Key Responsibilities

• Medicare and Medicaid Reimbursement – Overall accountability for the preparation and filing of Medicare and Medicaid cost reports; establish internal controls for accuracy and completeness; implement and maintain processes for responding to auditors and managing audits by regulatory agencies.
• 340b Registration and Compliance – Partner with the AVP of Pharmacy to support compliance requirements of the 340b drug discount program, manage child site eligibility and annual registration with HRSA, and assist in auditor responses.
• Cost Accounting System Management – Maintain the cost accounting system for the Medical Center with the information services team; ensure complete and accurate costing data and internal controls for valid reporting; assist in analytics of clinical operations costing for new initiatives.
• Policies & Practices – Develop, implement and enforce policies and procedures that guide and support departmental operations and services; interact with business and operational leaders to identify upcoming operational changes.
• Financial Management – Overall accountability for department financial functions; develop and manage annual and capital budgets, establish internal cash management controls, maintain financial controls and external audit processes, manage accounts receivable, analyze financial performance, evaluate variances, establish productivity metrics, and ensure compliance with financial policies and procedures.
• Performance Management – Direct staffing and retention strategy, including hiring, workforce planning, succession planning, and retention; partner with HR to create recruitment packages, onboarding programs, and performance management of direct reports; mentor and develop faculty and leaders; meet talent management goals and ensure adherence to HR and legal policies.
• Compliance – Sustain an understanding of regulatory requirements and accreditation standards; evaluate compliance, identify best practices and deficiencies, develop corrective action plans, ensure readiness plans are current, and promote interdisciplinary collaboration on compliance standards.

Qualifications

• Bachelor’s degree in a related field.
• 7+ years of work experience in a related job discipline.
• Preferred: 7+ years preparing Medicare/Medicaid cost reports.

Compensation

Annualized pay may vary based on FTE status: $112,590.40 - $146,369.60.

EEO Statement

Cincinnati Children’s is proud to be an Equal Opportunity Employer committed to creating an environment of dignity and respect for all employees, patients, and families. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, genetic information, national origin, sexual orientation, gender identity, disability, or protected veteran status.