Senior Reimbursement Analyst at MerrimackHealth – Lawrence, Massachusetts

At Merrimack Health, we are committed to pay transparency and equity. The base salary range is $43.28 (Min) — $64.93 hourly (Max), excluding fringe benefits and potential bonuses.

Your final base salary will be determined based on your education, experience, licensure, and internal equity considerations. Offers are typically made below the top of the range to support future salary growth.

As the Senior Reimbursement Analyst, you will be under the direction of the Director of Reimbursement. This position estimates net revenue and prepares analyses and cost reports which are issued to external parties such as third-party government payors and auditors and to internal customers such as Controller and CFO. The Reimbursement Analyst prepares Medicare and Medicaid cost reports, prepares and submits all quarterly government filings, participates in Medicare audits and the year-end financial audits, monitors and communicates reimbursement regulations and changes to the Reimbursement Director, and prepares other analyses that assist the organization in areas impacted by reimbursement.

DUTIES AND RESPONSIBILITIES:

• Prepare third party cost reports. (Medicare, Medicaid, Other State Specific Filings).
• Prepare and submit regulatory filings such as Medicare wage index, Medicare occupational mix, and State required quarterly and annual filings.
• Prepare month-end contractual and bad debt reserve analysis and entries. Includes the ability to analyze rate and volume variances, case mix index impact and payor mix impact. It is expected that the employee will seek direction and assistance from the Director of Reimbursement.
• Assist with preparation of the annual net revenue budget
• Perform month-end, quarter-end and year-end account reconciliations, reimbursement analysis and journal entries to keep the financial statements stated properly and in accordance with GAAP and applicable Medicare and other third-party regulations.
• Perform ad-hoc reimbursement and other analyses at the request of the Director of Reimbursement. The analyses can be related to net revenue, cost reports or to new and/or proposed regulations that may have an impact on the revenues of the organization.
• Performs other duties as assigned.

Required:

• Bachelor’s Degree in Finance or Accounting
• Minimum 3 years of acute-healthcare finance experience.
• Knowledge of widely-used PC software (MS Office, etc.)

Merrimack Health is a private, non-profit community hospital providing the Merrimack Valley & southern New Hampshire regions with patient-centered, compassionate, and quality health care for the whole family. For over 140 years, the dedicated doctors, nurses, and staff of Merrimack Health have been committed to improving the health of the people and communities we serve. We offer competitive pay, a robust benefit package, generous paid time off and free parking! We are an Equal Opportunity Employer committed to hiring a diverse workforce.

In 2022, Healthgrades ranked MH in the top 5 percent of hospitals in the country, and was awarded a top spot on Forbes’ annual list of America’s Best-In-State Employers 2020!