Contract Analyst

Kansas City Orthopaedic Institute; Leawood (KS); Hybrid; USD 55,000 - 75,000; Full time

Benefits offered by this job

Paid holidays

PTO accruals

Bonuses

Medical coverage (Vision/Dental)

Wellness program

HSA/FSA

Life insurance

Long-Term Disability

401(K) with match

Voluntary benefits

Employee Assistance Program

Job summary

Kansas City Orthopaedic Institute in Leawood, KS is seeking an experienced Contract Analyst to join our Revenue Cycle team in a full-time, exempt hybrid role. Work hours are Monday–Friday, 8am–5pm, with occasional in-office days.

Under the direction of the Director of Revenue Cycle Management, you will model contracts, analyze reimbursements, monitor payer performance, and support negotiations while contributing to AR process improvements that optimize revenue.

Qualifications

• High school diploma required; Associate or Bachelor’s degree preferred.
• At least 3 years of hospital billing experience.
• Proficient in Microsoft Excel.
• Self-directed with ability to work independently.

Responsibilities

• Managing and maintaining the RCM Contract Module, including contract modeling, reimbursement analysis, and support for payer contract negotiations.
• Monitoring payer contract performance.
• Running and analyzing monthly variance reports to identify underpayments, below-cost reimbursement, and opportunities for revenue improvement.
• Analyzing Worker's Compensation claims for underpayments and tracking recovery efforts.
• Maintaining reimbursement benchmarking data and comparing reimbursements against market rates.
• Preparing and distributing monthly financial and operational reports for Rehabilitation services and advising on billing improvements.
• Monitoring bundled payment arrangements to ensure proper claim setup and timely payments.

Skills

Microsoft Excel

Independent work

Collaborative work

Education

High school diploma; Associate or Bachelor’s degree preferred

Job description

Job Details

Job Location: Kansas City Orthopaedic Institute - LEAWOOD, KS 66211 Kansas City Orthopaedic Institute is a single specialty orthopedic hospital. We are physician owned and have been serving the Kansas City area for 25 years.

We're seeking an experienced Contract Analyst to join our Revenue Cycle team. This is a full-time, exempt HYBRID position, Mondays-Fridays from 8am-5pm, with the availability to work in the office a few days per month.

ONLY LOCAL CANDIDATES WILL BE CONSIDERED

Working under the direction of the Director of Revenue Cycle Management, the Contract Analyst is responsible for monitoring and reporting on key KCOI departments and service lines, including Rehabilitation, Urgent Care, MRI, Inpatient, and Outpatient services. This role serves as the primary resource for contract modeling and reimbursement analysis within the Revenue Cycle Management (RCM) Contracting Module. The Contract Analyst focuses on identifying underpayments, particularly Workers' Compensation claims, supporting contract negotiations, and contributing to accounts receivable (AR) process improvements that optimize organizational revenue performance.

Essential Responsibilities:

• Managing and maintaining the RCM Contract Module, including contract modeling, reimbursement analysis, and support for payer contract negotiations.
• Monitoring payer contract performance
• Running and analyzing monthly variance reports to identify underpayments. below-cost reimbursement, and opportunities for improvement of revenue
• Analyzing Worker's Compensation claims for underpayments, preparing cases for legal reviews, and tracking claim recovery efforts.
• Maintaining reimbursement benchmarking data, including tracking procedure codes and comparing reimbursements against market and competitor rates.
• Preparing and distributing monthly financial and operational reports for Rehabilitation services and provide recommendations to improve billing and revenue cycle processes.
• Monitoring bundled payment arrangements to ensure accurate claim setup, prevention of inappropriate billing, and facilitating timely payments to downstream providers.
• Supporting AR management by assisting with denial analysis, old AR resolution, and small-balance account cleanup.

We provide a robust benefits package, including:

• 6 company paid holidays
• Rich PTO Accruals
• Employer discretionary bonuses
• Medical, Dental, and Vision
• Wellness program with abilities to reduce premiums
• HSA/FSA option
• Company Paid Life and Long-Term Disability
• 401(K) with a substantial company match
• Optional Voluntary Benefits plans
• Employee Assistance Program

QualificationsQualifications

• High school diploma, Associates or Bachelor’s degree preferred
• Work experience equivalency of at least 3 years in Hospital Billing (required)
• Proficient in Microsoft ExcelSelf-directed and ability to work with minimal supervision
• Ability to work independently and collaboratively in a fast-paced environment