Senior Analyst Managed Care Modeling

Commonspirit; Omaha (NE); Remote; Full time

Job summary

CommonSpirit Health is seeking a Senior Analyst, Payer Economics to conduct complex financial analysis and strategic pricing for managed care contracts. The ideal candidate will provide analytical expertise to maximize reimbursement and market share, while also mentoring junior analysts. This remote position requires collaboration with various stakeholders in the healthcare sector.

Qualifications

• Minimum of three years of experience in financial healthcare reimbursement analysis required.
• Working knowledge of financial healthcare reimbursement analysis is essential.
• Ability to use and create data reports from health information systems.

Responsibilities

• Perform complex managed care payer financial analysis and strategic pricing.
• Lead payer contract modeling strategy for large managed care negotiations.
• Provide mentorship and guidance in contract modeling.

Skills

Financial healthcare reimbursement analysis

Data management strategies

Excel

SQL queries

Education

Bachelor’s Degree in Business Administration, Accounting, Finance, Healthcare or related field

Job description

2 months ago Be among the first 25 applicants

*Responsibilities*

This is a remote position with preferred Central time zone.

Do you enjoy modeling healthcare payer proposals, conducting contract analysis and working on large payer negotiations? We encourage you to apply to this exciting role.

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.
  
  

*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, PIC, SQL queries, 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.

*Pay Range*

40.80 - $55.00 /hour

Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Health Care Provider

• Industries

  Wellness and Fitness Services, Hospitals and Health Care, and Medical Practices

Referrals increase your chances of interviewing at CommonSpirit Health by 2x

Get notified about new Senior Healthcare Analyst jobs in Chicago, IL.

Chicago, IL $125,000.00-$155,000.00 1 day ago

Payor Relations Manager/Senior Analyst (Healthcare)

Greater Chicago Area $70,000.00-$135,000.00 2 weeks ago

Downers Grove, IL $73,399.00-$110,098.00 1 week ago

Sr Analyst, Population Health, Specialty Partnerships

Chicago, IL $46,988.00-$112,200.00 1 week ago

Chicago, IL $46,988.00-$112,200.00 1 week ago

Chicago, IL $46,988.00-$112,200.00 1 month ago

Chicago, IL $48,000.00-$50,000.00 1 week ago

Disease Specific -Stroke Reviewer - Intermittent

Reviewer-Orthopedic Disease Specific Care

Epic Analyst III - Prelude and Eligibility

Downers Grove, IL $85,000.00-$128,000.00 6 months ago

Sr Healthcare Risk Adjustment Analyst - Remote

Senior Risk Adjustment Coding Quality Assurance Specialist (Remote)

Chicago, IL $89,000.00-$148,000.00 2 weeks ago

Chicago, IL $68,500.00-$116,300.00 4 months ago

VP Sr. Equity Research Analyst - Healthcare

HB Coding Analyst, Full-time, Days (Remote - Must reside in IL, IN, IA, or WI)

Sr. Pharmacy Analyst, Pricing & Underwriting

Senior Consultant, UKG and Payroll, Digital Healthcare

Northbrook, IL $43,888.00-$102,081.00 23 hours ago

Senior Consultant, Infor Payroll- Digital Healthcare (Evergreen) (Open)

Senior Consultant, Healthcare Finance & Strategy

Senior Consultant, Healthcare Finance & Strategy - Value Based Care

Oncology Products Delivery Senior Analyst

Chicago, IL $76,725.00-$102,300.00 3 days ago

Oncology Products Delivery Senior Analyst

Arlington Heights, IL $76,725.00-$102,300.00 3 days ago

Payer Compliance Analyst, Full time - Days

Burr Ridge, IL $73,300.00-$97,700.00 1 week ago

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.