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As our Division Director, Payer Analytics & Economics, you will be accountable for critical managed care financial analysis, strategic pricing, and payer contract modeling activities for a substantial payer portfolio within a defined Division, directly impacting organizational financial performance and clinical enterprise transformation.Every day you will oversee and provide expert analytical and pricing guidance for the evaluation, negotiation, implementation, and maintenance of managed care contracts between our providers and payers. You will also recommend and execute strategies to maximize reimbursement and market share, develop new managed care products aligned with strategic plans, and provide essential education to key stakeholders.To be successful in this role, you will demonstrate exceptional analytical prowess in managed care finance, strategic negotiation skills, and the ability to navigate complex and sensitive situations effectively. Your contribution to system and local strategy, physician alignment, and employee engagement will be vital, requiring a collaborative approach within the Payer Strategy and Relationships leadership team.
Job Responsibility:
Manage the labor and operations of the Division Payer Analytics & Economics team(s) including the hiring, orienting, developing and managing of staff
Oversee quality control and quality assurance of Payer Analytics & Economics analytics deliverables and financial models to support the negotiation and implementation of appropriate reimbursement rates associated language, between physicians/hospitals and payers/networks for managed care contracting initiatives
Review and accurately interpret contract terms, including payer policies and procedures to appropriately contract performance and influence strategic pricing strategies
Monitor contract financial performance. Analyze and publish managed care performance statements and determine profitability
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
Oversee and 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, provisions, parameters and rate structures aimed at establishing appropriate reimbursement levels. Prepare and effectively present results to senior leadership, and other key stakeholders, for review and decision making activities
Requirements:
Bachelors Other Business Administration, Accounting, Finance, Healthcare or related field
Minimum of eight (8) years of experience in contributing 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
Minimum of three (3) years of healthcare or financial leadership experience
Managed Care and Healthcare experience strongly preferred
Nice to have:
Masters Other Master’s Degree
What we offer:
medical, prescription drug, dental, vision plans, life insurance, paid time off, tuition reimbursement, retirement plan benefit(s) including, but not limited to, 401(k), 403(b), and other defined benefits offerings