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Audit & Reimbursement III

Location: This role enables associates to work virtually full-time, except for required in-person training sessions, providing maximum flexibility and autonomy. This approach promotes productivity, supports work-life integration, and ensures essential face-to-face onboarding and skill development. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

Wellpoint Federal is a proud member of Elevance Health's family of brands. We administer government contracts for Medicare and partner with the Centers for Medicare and Medicaid Services to transform federal health programs.

The Audit and Reimbursement III will support our Medicare Administrative Contract (MAC) with the federal government (The Centers for Medicare and Medicaid Services (CMS) division of the Department of Health and Human Services). Under guided supervision, the Audit and Reimbursement III will gain experience on complex issues involving the Medicare cost report and Medicare Part A reimbursement. They will participate in contractual Audit and Reimbursement workload, and have opportunities to participate on special projects. This position provides a valuable opportunity to gain further experience in auditing and financial analysis within a growing healthcare industry. This position allows for educational opportunities leading to certifications and promotes a well-balanced lifestyle that includes professional networking opportunities.

How you will make an impact:

• Analyzes and interprets data and makes recommendations for change based on judgment and experience.

• Able to work independently on assignments and under minimal guidance from the manager.

• Prepare detailed work papers and present findings in accordance with Government Auditing Standards (GAS) and CMS requirements.

• Gain experience with applicable Federal Laws, regulations, policies and audit procedures.

• Respond timely and accurately to customer inquiries.

• Ability to multi-task while independently and effectively prioritizing work using time management, initiative, project management and problem-solving skills.

• Must be able to perform all duties of lower-level positions as directed by management.

• Participates in special projects and review of work done by auditors as assigned.

• Assist in mentoring less experienced associates as assigned.

• Perform complex cost report desk reviews.

• Perform complex cost report audits, serving as an in-charge auditor assisting other auditors assigned to the audit.

• Dependent upon experience, may perform supervisory review of work completed by other associates.

• Analyze and interpret data per a provider's trial balance, financial statements, financial documents or other related healthcare records.

• Perform cost report acceptance, interim rate reviews, final settlements and tentative settlements as assigned.

• Performs complex calculations related to payment exception requests and reviews exception request work papers prepared by others.

• Perform cost report reopenings.

• Under guided supervision, participate in completing more complex appeals related work:

  • Position papers

  • Jurisdictional Reviews

  • Maintaining accurate records by updating all logs, case files, tracking systems

  • Participate in all team meetings, staff meetings, and training sessions

Minimum Requirements:

• Requires a BA/BS degree and a minimum of 3 years of audit/reimbursement or related Medicare experience; or any combination of education and experience, which would provide an equivalent background.

• This position is part of our Wellpoint Federal division which, per CMS TDL 190275, requires foreign national applicants meet the residency requirement of living in the United States at least three of the past five years.

Preferred Skills, Capabilities, and Experiences:

• Degree in Accounting preferred.

• Knowledge of CMS program regulations and cost report format preferred.

• Knowledge of CMS computer systems and Microsoft Office Word and Excel strongly preferred.

• MBA, CPA or CIA preferred.

• Must obtain Continuing Education Training requirements (where required).

• A valid driver's license and the ability to travel may be required.

Audit & Reimbursement Senior

Location:This role enables associates to work virtually full-time, except for required in-person training sessions, providing maximum flexibility and autonomy. This approach promotes productivity, supports work-life integration, and ensures essential face-to-face onboarding and skill development. Alternate locations may be considered if candidates reside within a commuting distance from an office.

*Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

Wellpoint Federal is a proud member of Elevance Health's family of brands. We administer government contracts for Medicare and partner with the Centers for Medicare and Medicaid Services to transform federal health programs.

The Audit and Reimbursement Senior will support our Medicare Administrative Contract (MAC) with the federal government (The Centers for Medicare and Medicaid Services (CMS) division of the Department of Health and Human Services). The Audit and Reimbursement Senior will support contractual workload involving complex Medicare cost reports and Medicare Part A reimbursement. This position provides a valuable opportunity to gain advanced experience in auditing and financial analysis within a growing healthcare industry. This position allows for educational opportunities leading to certifications and promotes a well-balanced lifestyle that includes professional networking opportunities.

How you will make an impact:

• Evaluate the work performed by other associates to ensure accurate reimbursement to providers.

• Assist Audit and Reimbursement Leads and Managers in training, and development of other associates.

• Participates in special projects as assigned.

• Able to work independently on assignments and under minimal guidance from the manager.

• Prepare detailed work papers and present findings in accordance with Government Auditing Standards (GAS) and CMS requirements.

• Analyze and interpret data with recommendations based on judgment and experience.

• Must be able to perform all duties of lower-level positions as directed by management.

• Participate in development and maintenance of Audit & Reimbursement standard operating procedures.

• Participate in workgroup initiatives to enhance quality, efficiency, and training.

• Participate in all team meetings, staff meetings, and training sessions.

• Assist in mentoring less experienced associates as assigned.

• Prepare and perform supervisory review of cost report desk reviews and audits.

• Review of complex exception requests and CMS change requests.

• Perform supervisory review of workload involving complex areas of Medicare part A reimbursement such as Medicare DSH, Bad Debts, Medical Education, Nursing and Allied Health, Organ Acquisition, Wage Index and all cost based principles.

• Prepare and perform supervisory review of cost report acceptance, interim rate reviews, tentative settlements and final settlements as assigned.

• Prepare and perform supervisory review of cost report reopenings.

• Manage caseload of Medicare cost report Appeals

  • Position papers

  • Jurisdictional Reviews

  • PRRB Hearings

  • Administrative Resolutions

  • PRRB or CMS requests

  • Monitor all communications related to caseload

  • Maintaining accurate records by updating all logs, case files, tracking systems

Minimum Requirements:

• Requires a BA/BS and a minimum of 5 years of audit/reimbursement or related Medicare experience; or any combination of education and experience which would provide an equivalent background.

• This position is part of our Wellpoint Federaldivision which, per CMS TDL 190275, requires foreign national applicants meet the residency requirement of living in the United States at least three of the past five years.

Preferred Skills, Capabilities, and Experiences:

• Accounting degree preferred.

• Knowledge of CMS program regulations and cost report format preferred.

• Knowledge of CMS computer systems and Microsoft Office Word and Excel strongly preferred.

• Must obtain Continuing Education Training requirements.

• MBA, CPA, CIA or CFE preferred.

• Demonstrated leadership experience preferred.

• A valid driver's license and the ability to travel may be required.

If this job is assigned to any Government Business Division entity, the applicant and incumbent fall under a 'sensitive position' work designation and may be subject to additional requirements beyond those associates outside Government Business Divisions. Requirements include but are not limited to more stringent and frequent background checks and/or government clearances, segregation of duties principles, role specific training, monitoring of daily job functions, and sensitive data handling instructions. Associates in these jobs must follow the specific policies, procedures, guidelines, etc. as stated by the Government Business Division in which they are employed.

For candidates working in person or virtually in the below location(s), the salary* range:

• Audit & Reimbursement Sr is $75,696 to $125,496
• Audit & Reimbursement III is $63,156 to $104,706

Locations: Maine; Maryland; Massachusetts; New York; Virginia

In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

*The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, paid time off, stock, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company's sole discretion, consistent with the law.

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Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, yo...