Senior Health Economics Analyst

ChenMed; Miami (FL); On-site; USD 77,000 - 110,000; Full time

Job summary

ChenMed is seeking a Senior Health Economics Analyst to deliver data-driven insights for executive leadership. The role focuses on medical cost analytics and business intelligence to improve profitability and strategic planning across Finance, Clinical, Operations and Specialty Care.

Ideal candidates have a strong background in finance, data analytics and healthcare economics, with at least four years of related experience and proficiency in PowerBI and SQL.

Qualifications

• Bachelor’s degree in Finance, Data Analytics or Economics and/or MBA preferred.
• Minimum of four years of related experience.
• Experience in Medicare Advantage, Hospital Systems and/or risk-based healthcare organization preferred.

Responsibilities

• Analyzes enrollment, revenue, and claims data to identify business problems and improve financial results.
• Prepares medical cost and KPI data for executive management presentations with actionable recommendations.
• Tracks medical cost KPIs for assigned divisions/departments and supports annual planning.

Skills

Analytical skills

Problem-solving

Communication

PowerBI

SQL

Excel

Financial modeling

English fluency

Presentation skills

Healthcare data

Education

Bachelor’s in Finance or Economics

MBA preferred

Tools

PowerBI

Qlikview

SQL

Excel

Job description

We’re unique. You should be, too.

We’re changing lives every day. For both our patients and our team members. Are you innovative and entrepreneurial minded? Is your work ethic and ambition off the charts? Do you inspire others with your kindness and joy?

We’re unique. You should be, too.

We’re changing lives every day. For both our patients and our team members. Are you innovative and entrepreneurial minded? Is your work ethic and ambition off the charts? Do you inspire others with your kindness and joy?

We’re different than most primary care providers. We’re rapidly expanding and we need great people to join our team.

The Senior Health Economics Analyst is responsible for identifying and delivering data-driven insights and analytical support to executive leadership of ChenMed. Success in the role will be achieved through the ability to leverage data and analytic skills to create business intelligence—identifying risks to be mitigated or opportunities to be seized. The incumbent serves as the primary medical cost analytics consultant to our Finance, Clinical, Operations, and Specialty Care leadership and will make data-driven strategy recommendations in the Medicare Advantage and healthcare industry. This senior-level analyst position has the opportunity for impact and advancement within the Finance organization and the broader enterprise.

Essential Job Duties/Responsibilities

• Analyzes and interpret enrollment, revenue, and claims (utilization and unit cost) data to identify and solve business problems and continuously improve data-driven strategies and processes to improve financial results.
• Partners with finance and business leaders to create benchmarks to monitor medical cost trends and variances. Assists in the design and evaluation of company KPIs for potential replacement or evolution as the company grows.
• Prepares and analyze medical cost and leading indicator data to develop presentations for executive management. Interpret results and articulate actionable recommendations that maximize profitability and ensure financial targets are achieved.
• Tracks performance of medical cost Key Performance Indicators (KPIs) for assigned Divisions/Departments.
• Leverages data analytics and modeling to test, validate and track return of investment of existing and proposed medical cost strategies and initiatives.
• Works with Analytics and IT teams to validate data, enhance medical cost reports and tools, and help design new products for enterprise consumption.
• Builds strong and trusting relationships with leaders to support problem resolution and ensure overall awareness of medical cost issues and challenges.
• Supports finance in the annual and multi-year planning process including development of medical cost targets, key metrics, and projections.
• Analyzes emerging medical cost results and forecast the impact of those results on future periods (including identification and execution of actions to improve those results).
• Prepares ad-hoc analysis for claims and KPIs of medical costs for executive leadership
• Develops a deep understanding of the economic impact of the components, drivers, and indicators of the ChenMed core model and external factors.
• Performs other duties as assigned and modified at manager’s discretion.

Knowledge, Skills And Abilities

• Strong analytical, problem-solving, critical-thinking, communication, and relationship skills
• Effective organization skills with the ability to work in a very fast-paced, team-oriented environment with minimal supervision
• Ability to interpret the needs of the organization and communicate actionable insights through analytics
• Ability to develop presentations to drive action/impact
• Ability to model financial concepts of ROI, IRR, etc.
• Strong financial acumen, problem-solving and analytical skills with keen attention to detail and accuracy
• Ability to analyze multiple data sources to develop deep understanding of market dynamics, identify and prioritize opportunities, and spot trends
• Extensive knowledge of healthcare/medical economics data such as hospital/physician /ASC claims, utilization data, and healthcare industry coding systems ICD-10, CPT/HCPCS, Revenue Codes, MS/APR-DRGs and APCs
• Excellent communication skills across verbal, written, and presentation applications (Microsoft Word, PowerPoint, Excel, etc)
• Experience with PowerBI, Qlikview & SQL preferred
• Spoken and written fluency in English
• This job requires use and exercise of independent judgment

Education And Experience Criteria

• Bachelor’s degree: experience may substitute for education on a year-for-year basis above the minimum experience required
• Bachelor’s degree in Finance, Data Analytics or Economics and/or MBA preferred
• Minimum of four (4) years of related experience
• Experience in a Medicare Advantage, Hospital Systems and/or risk-based healthcare organization, preferred

Pay Range

$76,732 - $109,617 Salary

The posted pay range represents the base hourly rate or base annual full-time salary for this position. Final compensation will depend on a variety of factors including but not limited to experience, education, geographic location, and other relevant factors. This position may also be eligible for a bonuses or commissions.

Employee Benefits

https://chenmed.makeityoursource.com/helpful-documents

We’re ChenMed and we’re transforming healthcare for seniors and changing America’s healthcare for the better. Family-owned and physician-led, our unique approach allows us to improve the health and well-being of the populations we serve. We’re growing rapidly as we seek to rescue more and more seniors from inadequate health care.

ChenMed is changing lives for the people we serve and the people we hire. With great compensation, comprehensive benefits, career development and advancement opportunities and so much more, our employees enjoy great work-life balance and opportunities to grow. Join our team who make a difference in people’s lives every single day.