What are five qualifications of a Medicaid compliance auditor? Since Medicaid has now been found to outmatch private plans on cost and is still integral to the health and well-being of the elderly and disabled, ensuring that companies in the healthcare sector are compliant with regulations is a necessary job. Here are the top qualifications for this position that any interested candidate should keep in mind.
Most jobs in this field require at least a bachelor’s degree from an accredited university; it is preferred that the degree is in the field of health services. A minor in finance or accounting is also preferred. For more advanced positions, a master’s degree in health services, business, or accounting is necessary; law degrees, preferably in the field of healthcare, are also accepted. While some positions do not require a degree, these are few and far between and are not suitable for professionals interested in a long-term career.
2. Healthcare Compliance Certification
One of the five most important qualifications for this position is certification. Many positions, especially those in the health insurance industry, require a Healthcare Compliance Certification, known as the CHC, which is granted by the Compliance Certification Board. The certification demonstrates that the professional who obtained it is knowledgeable in current healthcare regulations and the compliance process.This is a certification that is valid for two years and must be maintained on a consistent basis by any professional who obtains the certification. While not required for many positions, it is highly valued by the healthcare industry and is the mark of a professional who believes in the standards set forth by the Health Care Compliance Association.
3. Work Experience
Work experience is a necessary qualification for this position and may vary depending on the state and employer. However, it is a general guideline that any professional seeking the position of Medicaid compliance auditor have at least five years of working within the healthcare industry, with a preference for any work experience relating to Medicaid or regulatory environments. It is also suggested that a candidate have work experience in performing audits in the industry, with preference given to candidates who can demonstrate a working relationship with state and federal regulators.
4. Understanding of Medicaid Requirements and Regulations
The field of healthcare continues to evolve; therefore, candidates for this position must be able to demonstrate, through work experience or through interviews, that they have a thorough understanding of Medicaid requirements and regulations for the state in which they are seeking employment. This understanding is important for the position because candidates must be able to jump head-first into an environment that continuously changes and improves regulations as the health care sector undergoes advancements in law and technology. State regulations also vary, so it is advised that a candidate seek employment in their current state of residence so they will not have to gain more work experience based on the regulations of a new state.
One of the major qualifications for this position lies in the realm of both soft and technical skills. An auditor must possess both communication and negotiation skills as well as demonstrate proficiency in data analysis, organization, and tech skills, such as statistical analysis and experience with computers and their various applications. The role of an auditor also requires time and project management skills as well as the ability to effectively present information to companies, both in written and verbal form. Additionally, an understanding of regulations and health care law are important for valuable candidates.
Medicaid is an important part of the healthcare system in America; as the healthcare industry changes based on the regulations put forth by federal and state regulators, it is crucial to have an auditor that understands the intricacies of those regulations and can ensure that a company is compliant. These five qualifications of a Medicaid compliance auditor will help potential candidates understand what is required of them to hold the position and will benefit them if they are starting on the career path of becoming an auditor.
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