Network Business & Finance Consultant

Blue Cross & Blue Shield of Minnesota; Eagan (MN); Hybrid; USD 79,000 - 131,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401k

PTO

VPTO

Job summary

Blue Cross and Blue Shield of Minnesota is seeking a Network Business and Finance Consultant to support provider contracting, settlements, reporting, and business analysis. You will contribute to accuracy, compliance, and cost management while gaining knowledge of healthcare finance and payment methodologies.

The role offers hybrid work with in-person days and opportunities to collaborate across teams on cross-functional initiatives, leveraging data to drive practical solutions and process

Qualifications

• 3+ years of related finance professional experience.
• Bachelor’s degree; in lieu of a degree, an additional two years of relevant experience may be accepted.
• Experience in healthcare or health insurance domain is preferred.
• Ability to develop and perform audit processes.
• Ability to tailor communication to varied audiences and collaborate cross-functionally.

Responsibilities

• Review provider contract language and financial terms for accuracy.
• Process, reconcile, and invoice provider settlements.
• Assist with budgeting, forecasting, accounting, audit support, and settlement projection activities.
• Prepare financial reports related to provider claims, settlements, and healthcare costs.
• Analyze healthcare cost, discount, and unit cost trend information.
• Support Value-Based Payment (VBP) teams with data, reports, and analyses for modeling, forecasting and audit activities.
• Assist with gathering, validating, and reporting information for local, state, and federal reporting requirements.

Skills

Finance experience

Bachelor's degree

Data analysis

Education

Bachelor’s degree

Tools

Financial modeling tools

Job description

About Blue Cross and Blue Shield of Minnesota

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. As a Blue Cross associate, you are joining a culture that is built on values of succeeding together, finding a better way, and doing the right thing. If you are ready to make a difference, join us.

The Impact You Will Have

As a Network Business and Finance Consultant, you will support provider contracting, settlements, reporting, and business analysis activities through data analysis, process execution, and operational support. In this role, you will contribute to the accuracy, compliance, and effectiveness of provider arrangements while developing foundational knowledge of healthcare finance, payment methodologies, forecasting, and business operations. Through collaboration on cross-functional initiatives and day-to-day analytical activities, you will build the technical and professional skills necessary to support business objectives and assume increasing levels of responsibility.

What You’ll Do

• Assist with reviewing provider contract language and financial terms to ensure accuracy and compliance
• Support the processing, reconciliation, and invoicing of provider settlement payments
• Assist with budgeting, forecasting, accounting, audit support, and settlement projection activities

How You’ll Do It

• Prepare and maintain financial reports related to provider claims, settlements, and healthcare costs
• Support cost recovery and chargeback processes through data gathering and analysis
• Analyze and report healthcare cost, discount, and unit cost trend information
• Support Value-Based Payment (VBP) teams by preparing data, reports, and analyses for modeling, forecasting and audit activities
• Assist with gathering, validating, and reporting information for local, state, and federal reporting requirements
• Participate in cross-functional projects and departmental initiatives
• Identify opportunities for process improvements and share recommendations with team members and leadership
• Performs additional responsibilities consistent with the scope and level of the role, as assigned

Required Skills & Experience

• 3+ years of related finance professional experience.
• Bachelor’s degree; in lieu of a degree, an additional two years of relevant experience beyond the qualifications listed above may be accepted.

Preferred Skills & Experience

• Healthcare or health insurance industry experience.
• Experience with financial modeling tools.
• Knowledge of healthcare payment methodologies.
• Ability to develop and perform audit processes.
• Ability to tailor communication to varied audiences, actively listen to uncover requirements, and ensure accurate and timely information exchange.
• Ability to analyze information, identify patterns and root causes, and collaborate with partners to implement practical solutions.
• Ability to effectively organize work, balance competing priorities, and manage time across multiple responsibilities and deadlines.

Role Designation

Hybrid

Anchored in Connection

Our hybrid approach is designed to balance flexibility with meaningful in-person connection and collaboration. We come together in the office two days each week – most teams designate at least one anchor day to ensure team interaction. These in-person moments foster relationships, creativity, and alignment. The rest of the week you are empowered to work remote.

Compensation and Benefits:

Pay Range: $79,100.00 - $104,800.00 - $130,500.00 Annual

Pay is based on several factors which vary based on position, including skills, ability, and knowledge the selected individual is bringing to the specific job.

We offer a comprehensive benefits package which may include:

• Medical, dental, and vision insurance
• Life insurance
• 401k
• Paid Time Off (PTO)
• Volunteer Paid Time Off (VPTO)
• And more

To discover more about what we have to offer, please review our benefits page.

Equal Employment Opportunity Statement

At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. Blue Cross of Minnesota is an Equal Opportunity Employer and maintains an Affimative Action plan, as required by Minnesota law applicable to state contractors. All qualified applications will receive consideration for employment without regard to, and will not be discriminated against based on any legally protected characteristic.

Individuals with a disability who need a reasonable accommodation in order to apply, please contact us at: [e-mail].

Blue Cross® and Blue Shield® of Minnesota and Blue Plus® are nonprofit independent licensees of the Blue Cross and Blue Shield Association.

Physical Requirements