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Job Details
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39519
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Senior Analyst – Medical Economics and Reimbursement: CORP – Mgd Care Contracting

Apply NowCurrent Employees Apply





Senior Analyst – Medical Economics and Reimbursement: CORP – Mgd Care Contracting

Apply Now
Current Employees Apply




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About This Job

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Summary:
The Medical Economics Analyst will be responsible for supporting strategic and operational initiatives through healthcare data analytics and financial modeling for the managed care department. The Medical Economics Analyst is responsible for collecting , analyzing and interpreting healthcare data information to solve business problems.

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Detailed responsibilities:
• Perform strategic pricing analysis to support the negotiations and implementation of appropriate reimbursement rates for managed care contracting initiatives. This includes modeling of contract proposals, reporting of contract proposal impact, performance and quantifying financial impact of these proposals for future year(s) and developing alternative proposals within the budget parameters. The role will also provide pricing recommendations to optimize reimbursement.
• Develop complex analytics for value based agreements. This includes financial and quality performance metrics, identify opportunities and propose changes to the reimbursement models and risk arrangements. This includes ACO/shared savings, bundle payments, transplant and other risk arrangements.
• Provide training and oversight of the modeling of proposed/existing payer contracts negotiated by the negotiators including expected and actual revenues/volumes, past performance, proposed contract language and regulatory changes. Analyze terms of new and existing risk and non-risk contracts and/or amendments/modifications using approved model contract language.
• Prepare complex service line reimbursement analysis and financial performance analysis using a broad spectrum of healthcare data. Develop methods and models (involving multiple variables and assumptions) to identify the implications of a wide variety of new/revised strategies, approaches, provisions, and rate structures aimed at establishing appropriate reimbursement levels.
• Key stakeholder in multiple high profile cross functional pricing, strategic or operational projects. This role provides both healthcare analytical support and subject matter expertise as it relates to the managed care book of business.
• Manages the detailed analysis, design, coding, testing, implementation and maintenance of reports, dashboards, and other delivery methods used to support managed care business analytics.
• Responsible for managing and maintaining contract pricing software for contract modeling and accounts receivable pricing. This includes fee schedule updates, architecture updates, testing and validation to ensure accurate pricing/posting of contractual allowances.
• Stay up-to-date of changing healthcare landscape to maintain an awareness of competitor services and reimbursement models, as well as opportunities for improvement of the financial components of managed care contracts.

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Experience & Requirements


Competencies and skills:
Essential:
• STANDARDS OF BEHAVIOR: Acts in a manner that supports the standards of communication, respect, privacy, and teamwork by demonstrating a commitment to professional and ethical conduct.
• CUSTOMER SERVICE: Demonstrates commitment to service excellence by promptly addressing internal/external customer issues/requests, resolving concerns while maintaining a professional image and behavior to build and enhance the patient/family/customer experience.
• ACCOUNTABILITY: Accepts ownership of job roles and specific assignments/goals; works independently, takes responsibility for own actions; admits mistakes and judgment errors; and accepts constructive feedback. Connects personal work results to the accomplishment of team and organizational goals.
• RESPONDING TO CHANGE: Accepts change and adapts in a positive and productive manner; handles unexpected situations and changes in direction calmly and with confidence. Views new assignments and job responsibilities as an opportunity for growth.
• FINANCIAL ANALYSIS – MANAGED CARE: Uses financial data to evaluate the organization’s financial performance.
• SYSTEMS ADMINISTRATION – MGC: Performs systems administration functions for designated information systems/technologies.

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Education:
Essential:
• Bachelors

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Credentials:

Education equivalent experience:
Essential:
• Finance or in a Related Field

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Other information:
Complexity of Work: This role requires critical thinking skills, effective communication, decisive judgment, and the ability to work with minimal supervision. The incumbent must be able to work in a stressful environment and take appropriate action.

Required Work Experience: 5 years plus experience required in health care pricing, medical economics or related discipline. This includes creating and using financial modeling tools, spreadsheets, and business intelligence tools to perform financial impact analysis and data manipulation.Extensive knowledge of healthcare/medical economics data such as hospital/physician /ASC claims, utilization data, various payment methodologies, various types of fee schedules(such as CMS) and healthcare industry coding systems ICD-10, CPT/HCPCS, Revenue Codes, MS/APR-DRGs and APCs.Advanced proficiency working with business intelligence tools which include MS-SQL, Tableau and MS Excel.Extensive experience working with large databases and complex data sets and be able to identify data gaps and make reasonable assumptions where necessary to summarize data. Be able to access and manipulate significant amount of data and produce meaningful and useful reports for senior leadership.

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Wages shown on independent job boards reflect market averages, not specific to any employer. We encourage candidates to talk to their Memorial Healthcare System recruiter to discuss actual pay rates, during the hiring process.
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Working Conditions

Working conditions:
Essential:
• Keyboard Entry  ; ; ; 80.00%
• Lifting or Carrying 0 – 25 lbs Non-Patient  ; ; ; 40.00%
• Pushing or Pulling 0 – 25 lbs Non-Patient  ; ; ; 20.00%
• Reaching  ; ; ; 60.00%
• Repetitive Movement Hand/Arm  ; ; ; 60.00%
• Sitting  ; ; ; 60.00%
• Standing  ; ; ; 60.00%
• Walking  ; ; ; 60.00%
• Audible Speech  ; ; ; 60.00%
• Hearing Acuity  ; ; ; 60.00%
• Depth Perception  ; ; ; 60.00%
• Distinguish Color  ; ; ; 60.00%
• Seeing – Far  ; ; ; 60.00%
• Seeing – Near  ; ; ; 60.00%
• Computer Monitor  ; ; ; 80.00%

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About Memorial Healthcare System

Organizational Profile:

Since its inception in 1953, Memorial Healthcare System has been a leader in providing high-quality healthcare services to South Florida residents. Today, it is one of the largest public healthcare systems in the nation with over 13,000 team members and highly regarded for its exceptional patient- and family-centered care. Memorial’s patient, physician and employee satisfaction rates are some of the most admired in the country, and the system is recognized as a national leader in quality healthcare.

Memorial has a reputation as one of Florida’s leading healthcare systems and is supported by a distinguished medical staff. In fact, the vast majority of physicians are board certified or board qualified in their specialties and have been trained at many of the nation’s finest medical schools and hospitals. Because of its distinguished medical staff and services, Memorial draws patients from South Florida and beyond.

Many prestigious healthcare awards have been earned by Memorial Healthcare System and its facilities. The accolades include: Modern Healthcare magazine’s Best Places to Work in Healthcare, Florida Trend magazine’s Best Companies to Work for in Florida, 100 Top Hospitals, Consumer Choice Award, Best-Run Hospital, Best Nursing Staff, Best Pediatric Hospital and Best Maternity Hospital.

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Disclaimer

Disclaimer: This job description is not intended, nor should it be construed to be an exhaustive list of all responsibilities, skills, efforts or working conditions associated with the job. It is intended to indicate the general nature and level of work performed by employees within this classification.

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Memorial Healthcare System is proud to be an equal opportunity employer committed to workplace diversity.

Memorial Healthcare System recruits, hires and promotes qualified candidates for employment opportunities without regard to race, color, age, religion, gender, gender identity or expression, sexual orientation, national origin, veteran status, disability, genetic information, or any factor prohibited by law.

We are proud to offer Veteran’s Preference to former military, reservists and military spouses (including widows and widowers). You must indicate your status on your application to take advantage of this program.

Employment is subject to post offer, pre-placement assessment, including drug testing.

If you need reasonable accommodation during the application process, please call 954-276-8340 (M-F, 8am-5pm) or email TalentAcquisitionCenter@mhs.net

Job Details

Job Category:
Clerical

Facility:
Memorial Healthcare System

Department:
Memorial Healthcare System

Job ID:
39519

Location:
Hollywood
, FL

Work Shift:
FT DAYS-8

Shift Hours:
8:30 to 5:00

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Memorial Healthcare System is proud to offer new pay rates, retirement plans, and a GED course

July 26, 2023/in Featured /by balajivaradaraj

Be where you are valued I am excited to announce that we are improving more of the benefits we offer to our employees. In addition to medical, dental, and vision insurance, paid time off, education benefits, employee discounts, and more, we also offer a variety of retirement contribution plans to help our teammates plan for […]

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