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Recruits providers as needed to ensure network adequacy and achievement of network expansion goals. Negotiates contracts with health care providers using pre-determined internal guidelines and financial standards. Uses various sources of competitive intel to negotiate best in market discounts. Develops rate proposals and performs financial analyses to ensure that results are within pre-determined targets. Negotiates contract language in accordance with Aetna standards, engaging other departments as needed for review and approval of contract terms outside the standards. Responsible for building contracts and amendments in contract management system in accordance with Aetna established guidelines, obtaining signatures, monitoring their progress post-signature, and verifying their accuracy post-release. Manages contract performance and works with various internal departments to address questions, issues, and activities related to execution, loading, and ongoing maintenance of provider contracts. Manages relationships with key providers and ensures resolution of escalated issues related, but not limited to, claims payment, contract interpretation and parameters, or accuracy of provider contract or demographic information. Negotiates settlements as needed. Responsible for identifying and making recommendations to manage cost issues and supporting cost saving initiatives.
Job Responsibility:
Recruits providers as needed to ensure network adequacy and achievement of network expansion goals
Negotiates contracts with health care providers using pre-determined internal guidelines and financial standards
Uses various sources of competitive intel to negotiate best in market discounts
Develops rate proposals and performs financial analyses to ensure that results are within pre-determined targets
Negotiates contract language in accordance with Aetna standards, engaging other departments as needed for review and approval of contract terms outside the standards
Responsible for building contracts and amendments in contract management system in accordance with Aetna established guidelines, obtaining signatures, monitoring their progress post-signature, and verifying their accuracy post-release
Manages contract performance and works with various internal departments to address questions, issues, and activities related to execution, loading, and ongoing maintenance of provider contracts
Manages relationships with key providers and ensures resolution of escalated issues related, but not limited to, claims payment, contract interpretation and parameters, or accuracy of provider contract or demographic information
Negotiates settlements as needed
Responsible for identifying and making recommendations to manage cost issues and supporting cost saving initiatives
Requirements:
A minimum of five years of experience negotiating contracts with providers, facilities, and physician groups, including contract language development, analysis of rate proposals, identification of operational and financial improvement opportunities, and the collection and evaluation of competitive data and key financial metrics
Uses detailed financial and market analysis to negotiate favorable contract terms
Understanding of common contract provisions, provider reimbursement methodologies and terms, and industry standard payment policies and practices
Understanding of provider financial issues, regulatory requirements, and competitor strategies
Demonstrates high proficiency with Microsoft Office suite applications (e.g., Outlook, Word, Excel, etc.)
Ability to build collaborative relationships with providers and work cross-functionally to resolve complex provider contract issues
Highly organized and able to successfully manage and prioritize multiple negotiations, issues, and other tasks to ensure completion and meet deadlines
Nice to have:
Experience with Commercial and Medicare lines of business
Experience negotiating and managing contracts with large specialty provider groups