Responsibilities
This is a remote position with preferred Central time zone.
Do you enjoy special projects on the more technical side of payer analytics and managed care? The person in this role will need to be very proficent with SQL queries, VBA and Excel and will help solution for requests on the more technical side of our contract modeling system.
The Senior Analyst, Payer Economics performs complex managed care payer financial analysis, strategic pricing and payer contract modeling activities for a defined payer portfolio.
Provides analytical and pricing expertise for the evaluation, negotiation, implementation and maintenance of managed care contracts between CommonSpirit Health providers and payers.
Recommends strategies for maximizing reimbursement and market share. Provides mentorship and guidance of Analyst contract modeling. Provides analysis findings and education to key stakeholders. This position will serve and support all stakeholders through ongoing educational and problem-solving support for managed care payer reimbursement models. This position requires daily contact with senior management, physicians, hospital staff, and managed care/payer strategy leaders.
- Lead payer contract modeling strategy and consolidation for large managed care payer negotiations. Act as a liaison between CommonSpirit Health and payer to update information and communicate changes related to reimbursement.
- Perform complex strategic pricing analysis to support the negotiation and implementation of appropriate reimbursement rates and associated language, between physicians/hospitals and payers/networks for managed care contracting initiatives. Develop and approve financial models and payer performance analysis.
- Monitor contract financial performance.
- Analyze and publish managed care performance statements and determine profitability.
- Review and accurately interpret contract terms, including payer policies and procedures impacting contract performance.
- Provide training and oversight of the modeling of proposed/existing payer contracts negotiated by payer strategy and operations, including expected and actual revenues/volumes, past performance, proposed contract language and regulatory changes.
- Prepare complex service line reimbursement analyses and financial performance analyses. Develop methods and models (involving multiple variables and assumptions) to identify the implications/ramifications/results of a wide variety of new/revised strategies, approaches, provision, parameters and rate structures aimed at establishing appropriate reimbursement levels.
- Identify, collect, and manipulate from a wide variety of financial and clinical internal databases and external sources.
- Identify and access appropriate data resources to support analyses and recommendations.
- Prepare and effectively present results to senior leadership, and other key stakeholders, for review and decision-making activities.
- Maintain knowledge of operations sufficient to identify causative factors, deviations, allowances that may affect reporting findings.
- Ability to translate operational knowledge to identify unusual circumstances, trends or activity and project the related impact on a timely, pre-emptive basis.
#LI-CSH
Qualifications
Required Education and Experience
- Bachelor's Degree in Business Administration, Accounting, Finance, Healthcare or related field. Equivalent education and experience in a related field may be considered in lieu of degree.
- Minimum of three (3) years of experience in financial healthcare reimbursement analysis is required, including an understanding of national standards for fee-for-service provider reimbursement methodologies.
Minimum Required Skills and Abilities
- Working knowledge of financial healthcare reimbursement analysis including an understanding of national standards for fee-for-service and value-based provider reimbursement methodologies.
- Experience in contribution to profitability through detailed financial analysis and efficient delivery of data management strategies supporting contract analysis, trend management, budgeting, forecasting, strategic planning, and healthcare operations.
- Basic technical understanding and proficiency in MS Excel, MS Access, MS Visual Basic, PIC, SQL, or other related applications.
- Working knowledge of healthcare financial statements and accounting principles.
- Ability to use and create data reports from health information systems, databases or national payer websites (EPIC, PIC, SQL Databases, etc.)
- Proficiency in reading, interpreting and formulating computer and mathematical rules/formulas.
Overview
CommonSpirit Health was formed by the alignment of Catholic Health Initiatives (CHI) and Dignity Health. With more than 700 care sites across the U.S. from clinics and hospitals to home-based care and virtual care services CommonSpirit is accessible to nearly one out of every four U.S. residents. Our world needs compassion like never before. Our communities need caring and our families need protection. With our combined resources CommonSpirit is committed to building healthy communities advocating for those who are poor and vulnerable and innovating how and where healing can happen both inside our hospitals and out in the community.
RemoteSkills:
Analysis Skills, Budgeting, Business Administration, Clinical Data, Contract Analysis, Contract Management, Contract Negotiation, Csh (C Shell) Scripting, Data Management, Economic Analysis, Epic Systems, Finance, Financial Analysis, Financial Modeling, Financial Statements, Forecasting, Healthcare, Healthcare Providers, Healthcare Reimbursement, Hospital, Hospital Administration, Information Technology & Information Systems, Leadership, Managed Care, Management Strategy, Mathematics, Medical Billing, Mentoring, Microsoft Access Database, Microsoft Excel, Microsoft Visual Basic, Microsoft Visual Basic for Applications (VBA), Negotiation Skills, Operations Planning, Performance Analysis, Performance Management, Pricing, Problem Solving Skills, Product Pricing, Profit & Loss, Regulations, Reimbursement, Reporting Skills, SQL (Structured Query Language), SQL Databases, Strategic Analysis, Strategic Planning, Time Management, Training/Teaching, Trend Analysis
About the Company:
CommonSpirit Health
