Cost Allocation consultant

Title : Cost Allocation consultant

Location : Jackson, MS (Remote)

Duration : 24+ months

Job Description:

• Client is seeking proposals from interested and qualified professional entities to provide a Cost Allocation Contractor.
• This contractor will assist DOM with the Cost Allocation Plan (CAP) as described below.

Vendor should provide the following:

• Review Cost Allocation Plan (CAP) submissions to ensure compliance with federal regulations including drafting CAP narrative edits (DOM will submit at least one CAP per year and may submit two.).
• Identify opportunities to increase federal funding for activities and make changes to software configurations as needed.
• Assist with cost impact calculations related to CAP updates.
• Assist the Comptroller with responding to questions from Cost Allocation Services and Centers for Medicare & Medicaid
  Services on CAP submissions.
• Provide training on site at least four (4) hours annually on current cost allocation principles, specifically focused on Medicaid topics.
• Respond to questions from DOM s Senior Leadership on the applicability of cost allocation principles and federal administrative claiming principles in projects or programs under consideration.
• Perform updates to AlloCAP software to optimize use of the software and make identification of issues easier.
• Perform updates to AlloCAP software for updates made to state administrative software (MAGIC, SPAHRS, Workday, etc.).

Required Skills/Experience:

• The successful resource will have five or more years of experience in the following area:
• Experience in Medicaid Cost Allocation Plan (CAP) methodologies.
• Experience in the application of Medicaid Cost Allocation Plan (CAP) methodologies.
• Experience in federal administrative cost claiming.
• Demonstrate experience in and knowledge of federal regulations, including, but not limited to:
• 2 CFR 200 Uniform Administrative Requirements.
• Cost Principles.
• Audit Requirements for Federal Awards.
• Experience in updating AlloCAP software configurations and settings.