The Healthcare Advisory/Cost-Reporting internship is comparable to a tax or audit internship in scope and difficulty and is fairly foundational. It’s best suited for an accounting major who has completed core accounting classes. A strong work ethic is essential, and any prior exposure to accounting, healthcare, or an office environment is a plus.
Role & Responsibilities
- Prepare skilled nursing facility cost reports
- Organize and analyze client-provided information
- Classify trial balances and prepare adjusting entries
- Reconcile fixed assets to supporting schedules
What Interns Learn
- Exposure to healthcare and long-term care facilities
- Understanding of Medicare/Medicaid reimbursement and payor mixes
- Insight into census and compliance concepts
- Experience working in a team-based environment
About Cost Reports
- Required filings for long-term care facilities that accept Medicare or Medicaid
- Focus on reporting facility costs, which impact reimbursement amounts
- Highly compliance-driven and healthcare-specific, offering specialized industry exposure
Future Opportunities
- About a month before the internship ends, intern performance and future staffing needs are reviewed to assess potential next steps.