Cost Report Analyst

Virginia Commonwealth University Health Systems; Richmond (VA); On-site; USD 59,000 - 88,000; Full time

Job summary

Virginia Commonwealth University Health Systems is seeking a Cost Reporting Analyst to support the Hospital's Medicare Cost Report and the State Indigent Care Cost Report, ensuring compliance with federal and state regulations.

This role handles audit requests, gathers supporting documentation, and contributes to cost report preparation. Ideal for an early-career professional who is detail oriented, comfortable with repetitive tasks, and eager to learn healthcare reimbursement from the ground up.

Qualifications

• Minimum of three (3) years of accounting, finance, business work experience.
• Previous financial work experience in healthcare cost reporting is preferred.
• Bachelor's degree in Finance, Business Administration or closely related field.
• Masters degree in Finance, Business Administration or closely related field is preferred.

Responsibilities

• Handles all audit requests/inquiries related to the Indigent Care Cost Report.
• Prepares and completes all aspects of the State required Indigent Care Cost Report.
• Provides task-oriented support for cost report preparation and audit evidence gathering.
• Entry point into cost reporting and healthcare reimbursement.

Skills

Accounting experience

Finance experience

Audit support

Education

Bachelor's Degree in Finance, Business Administration or closely related field

Master's Degree in Finance, Business Administration or closely related field

Job description

The Cost Reporting Analyst prepares preliminary portions of the Hospital's Annual Medicare Cost Report. This job prepares and completes all aspects of the State required Indigent Care Cost Report consistent with federal and state regulations. This job handles all audit requests/inquiries related to the Indigent Care Cost Report. This job also assists with any audits of the Governmental Cost Reports.

Licensure, Certification, or Registration Requirements for Hire:

N/A

Licensure, Certification, or Registration Requirements for continued employment:

N/A

Experience REQUIRED:

Minimum of three (3) years of accounting, finance, business work experience

Experience PREFERRED:

Previous financial work experience in a healthcare setting with emphasis in cost reporting

Education/training REQUIRED:

Bachelors Degree in Finance, Business Administration or closely related field

Education/training PREFERRED:

Masters Degree in Finance, Business Administration or closely related field

Independent action(s) required:

Handles all audit requests/inquiries related to the Indigent Care Cost Report.

Prepares and completes all aspects of the State required Indigent Care Cost Report.

Supervisory responsibilities (if applicable):

N/A

Additional position requirements:

N/A

Age Specific groups served:

N/A

Physical Requirements (includes use of assistance devices as appropriate):

Physical: Lifting less than 20 lbs.

Activities: Prolonged sitting

Mental/Sensory: Strong recall, Reasoning, Problem solving, Hearing, Speak clearly, Write legibly, Reading, Logical thinking

Emotional: Able to handle multiple priorities, Able to adapt to frequent change

The Cost Reporting Analyst provides detailed, task oriented support to the Reimbursement/Cost Reporting team by performing routine, repetitive, and documentation heavy work necessary for cost report preparation and audit support. This role is focused on data entry, document compilation, audit evidence gathering, and basic regulatory research.

This position is ideal for an early career professional who is detail oriented, comfortable with repetitive tasks, and interested in learning healthcare reimbursement from the ground up.

This role serves as an entry point into cost reporting and healthcare reimbursement. While promotion is not guaranteed, strong performance may lead to expanded responsibilities or advancement opportunities based on organizational needs.

Compensation Range

$58,697.60 - $87,942.40

Actual salary offers will be based on several key factors to include relevant work experience, credentials, and qualifications.

EEO Employer/Disabled/Protected Veteran