Risk Adjustment, Financial Analyst (Hybrid NY)

Healthfirst, Inc.; New York, Northern (NY, KY); Hybrid; USD 69,000 - 100,000; Full time

Benefits offered by this job

Medical/Dental/Vision coverage

401k contributions

Incentive programs

Job summary

Healthfirst, Inc. is seeking a Healthcare Analyst to support research and analysis of cost, utilization, and revenue data across Healthfirst products.

The role involves building financial models, identifying trend drivers, and delivering actionable recommendations to management and cross-functional partners in Finance, Operations, and Medical Management. The candidate will work with SQL, Python, and BI tools to analyze large datasets, monitor trends, and support projects aimed at cost reduction

Qualifications

• Bachelor’s degree or higher with concentration in Finance, Accounting, Healthcare Administration, or related field.
• Experience in modeling financial impact.
• Self-motivated, creative problem solver with strong communication and interpersonal skills.
• Strong time management and ability to handle multiple projects in a fast-paced environment.
• Knowledge of statistical methodologies and tools, including experimentation design.
• Demonstrated success analyzing large datasets.
• Excel – Advanced.
• Proficient in SQL, Python, SAS or R.
• Proficiency with Redshift and S3 or similar cloud data warehouse solutions.
• Familiarity with data models and/or data modelling.
• Experience with Alteryx, Tableau, Amazon Redshift, QlikView, or other similar tools/platforms.

Responsibilities

• Analyze the financial performance of all Healthfirst products, identify favorable and unfavorable trends, develop recommendations to improve trends, 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 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.

Skills

Finance modeling

Excel Advanced

SQL

Python

SAS or R

Redshift/S3

Tableau

Alteryx

Data modeling

Statistics

Education

Bachelor’s degree in Finance/Accounting/Healthcare Administration or related field

Tools

Alteryx

Tableau

QlikView

Amazon Redshift

S3

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, Network, and IT 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.

Job Duties/Responsibilities:

• Analyze the financial performance of all Healthfirst products, identify favorable and unfavorable trends, develop recommendations to improve trends, 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.
• Bachelor's degree or higher from an accredited institution with a concentration in Finance, Accounting, Business, Healthcare Administration, or related field
• Experience in modeling financial impact.
• Self-motivated, creative problem solver who can work independently and collaborate through strong communication and interpersonal skills.
• Strong time management experience and ability to handle multiple projects in a fast-paced environment.
• Knowledge of statistical methodologies and tools, including experimentation design
• Demonstrated success analyzing large datasets
• Excel – Advanced
• Proficient in SQL, Python, SAS or R
• Proficiency with Redshift and S3 or similar cloud data warehouse solutions
• Familiarity with data models and/or data modelling
• Experience with Alteryx, Tableau, Amazon Redshift, QlikView, or other similar tools/platforms

Preferred Requirements:

• 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.
• Experience with analyzing medical cost and utilization trends
• Current or previous work experience with a Health insurance company
• Knowledge of Medicaid and Medicare programs
• 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.
• Utilize statistical tools to identify, analyze, and interpret patterns and trends in complex data sets.
• 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

Hiring Range*:

Greater New York City Area (NY, NJ, CT residents): $68,900 - $99,620

All Other Locations (within approved locations): $61,300 - $91,120

As a candidate for this position, your salary and related elements of compensation will be contingent upon your work experience, education, licenses and certifications, and any other factors Healthfirst deems pertinent to the hiring decision.

In addition to your salary, Healthfirst offers employees a full range of benefits such as, medical, dental and vision coverage, incentive and recognition programs, life insurance, and 401k contributions (all benefits are subject to eligibility requirements). Healthfirst believes in providing a competitive compensation and benefits package wherever its employees work and live.

*The hiring range is defined as the lowest and highest salaries that Healthfirst in “good faith” would pay to a new hire, or for a job promotion, or transfer into this role.

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. If you have a disability under the Americans with Disability Act or a similar law and want a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to [e-mail] or calling 212-519-1798 . In your email please include a description of the accommodation you are requesting and a description of the position for which you are applying. Only reasonable accommodation requests related to applying for a position within HF Management Services, LLC will be reviewed at the e-mail address and phone number supplied. Thank you for considering a career with HF Management Services, LLC. Know Your Rights