Healthcare Analyst

healthfirst; New York (NY); Hybrid; USD 85,000 - 110,000; Full time

Job summary

Healthfirst is seeking a Healthcare Analyst to support the research and investigation of cost, utilization, and revenue data across Healthfirst products. The role involves identifying trends, building financial models for reimbursement changes, and delivering analyses to internal stakeholders in a fast-paced environment.

The position operates on a hybrid schedule, reporting to the 100 Church Street, NYC office on Tuesdays, Wednesdays, and Thursdays, collaborating with finance, operations, and

Qualifications

• Bachelor's degree or higher with concentration in Finance, Accounting, Business, Public Health, Healthcare Policy, or Healthcare Administration.
• Strong communication and interpersonal skills; ability to manage multiple projects in a fast-paced environment.
• Experience analyzing medical cost and utilization trends; knowledge of Medicaid/Medicare programs.
• Intermediate MS Excel skills.

Responsibilities

• Analyze the financial performance of Healthfirst products, identify trends, and communicate recommendations to management.
• Create financial models to evaluate provider reimbursement changes.
• Gather data and conduct ad hoc analyses and present analytical reports.
• Support department projects related to medical cost reduction initiatives; RoI analyses for vendors.

Skills

Healthcare cost analysis

Project management

MS Excel

Communication skills

Independent work

Education

Bachelor's degree or higher in Finance/Accounting/Business/Public Health/Healthcare Policy/Healthcare Administration

Tools

SAS

SQL

Tableau

R

Job description

The Healthcare Analyst (HCA) provides support through the research and investigation of business issues related to cost, utilization, and revenue data for multiple Healthfirst products. The HCA will identify/monitor cost and utilization trends and the root causes in health plan trend performance and provide recommendations for solutions. The HCA will interact with divisional subject matter experts, clinical partners, finance, and other areas of the organization to provide support in various tasks related to achieving business objectives. The HCA will contribute to a broad set of projects across the department. This position requires an individual with emerging skills who enjoys working in a fast paced and challenging environment. The HCA works in partnership with other areas of Finance to provide key insights and analysis to our internal stakeholders across departments like operations and medical management as well as our external hospital and provider networks.

Hybrid Work Schedule consists of reporting to our 100 Church Street, NYC office every Tuesday, Wednesday & Thursday.

Duties & Responsibilities

• Analyze the financial performance of all Healthfirst products, identify favorable and unfavorable trends, develop recommendations to improve trends, and communicate recommendations to management.
• Create financial models to evaluate the impact of provider reimbursement changes.
• Gather data and conduct ad hoc analyses as directed by other department team members and assist with the development and presentation of analytical data reports.
• Support department projects related to medical cost reduction initiatives.
• Assist with Return on Investment (RoI) analyses for vendors to determine if their financial and clinical performance is achieving desired results.
• Keep abreast of New York Medicaid and Medicare reforms and their impact on Healthfirst and their owner hospital performance.
• Provide support to the department's performance improvement work groups.
• Monitor costs and revenue trends and assist in understanding trends.
• Understand and analyze impacts of new program changes.
• Responsible for creating, modifying, and updating analysis for Provider Organizations.
• Responsible for contract analysis and fee schedule modeling.
• Maintain current project logs and work plans on assignments.
• Additional duties as assigned.

Minimum Requirements

• Bachelor's degree or higher from an accredited institution with a concentration in Finance, Accounting, Business, Public Health, Healthcare Policy, or Healthcare Administration
• Self-motivated, creative problem solver who can work independently and collaborate through strong communication and interpersonal skills
• Strong project management experience and ability to handle multiple projects in a fast-paced environment
• Experience with analyzing medical cost and utilization trends
• Knowledge of Medicaid and Medicare programs
• Intermediate skills using MS Excel

Preferred Qualifications

• Current or previous work experience with a Health insurance company
• Demonstrated understanding of key managed care concepts and provider reimbursement principles such as risk adjustment, capitation, FFS (Fee-for-Service), Diagnosis Related Groups (DRG's), Ambulatory Patient Groups (APG's), Ambulatory Payment Classifications (APC's), and other payment mechanisms.
• Current or previous work experience with a Health insurance company
• Skills in SAS, SQL, R, Tableau, or a similar coding language
• Experience in modeling financial impact of provider reimbursement changes

WE ARE AN EQUAL OPPORTUNITY EMPLOYER

HF Management Services, LLC complies with all applicable laws and regulations. Applicants and employees are considered for positions and are evaluated without regard to race, color, creed, religion, sex, national origin, sexual orientation, pregnancy, age, disability, genetic information, domestic violence victim status, gender and/or gender identity or expression, military status, veteran status, citizenship or immigration status, height and weight, familial status, marital status, or unemployment status, as well as any other legally protected basis. HF Management Services, LLC shall not discriminate against any disabled employee or applicant in regard to any position for which the employee or applicant is otherwise qualified.

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