Payer Contracting Financial Analyst - Remote
Apply NowCompany: Sound Physicians
Location: Dallas, TX 75217
Description:
POSITION SUMMARY
The Payer Contracting Financial Analyst is a key analytical team member reporting to the Sr. Manager Payer Contracting Analytics and Strategy. In collaboration with the business leadership and other centralized functions such as accounting, revenue cycle, corporate finance, IT, etc. this individual will be critical to the analytical support of contract negotiations, contract strategy development and decision support to these important financial conversations in the organization.
The Details: This is a full-time, remote position.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Contract Negotiation Support: Offering detailed analytical support and analyses to payer contract negotiations, utilizing insights derived from data analysis
Contract Strategy Development: Providing analytical support to cross-functional teams in developing and refining strategic approaches to payer contracting
Data Analysis and Insights: Conducting comprehensive analysis of healthcare data, including billing data, fee schedules, financial reports, and market trends, to generate actionable insights and recommendations for all aspects of payer contracting
Reporting and Presentation: Preparing and presenting detailed reports and presentations for the Payer Contracting and Finance teams, synthesizing complex analytical findings into clear and actional insights to inform strategic decision making and drive organizational growth
Continuous Improvement: Driving continuous improvement in contracting processes and analytics capabilities through the integration of technology, best practices, and innovation, aiming to enhance efficiency, accuracy, and strategic alignment
Budgeting and Forecasting: Supporting annual budgeting and periodic forecasting process. Detailed analyses will inform assumptions throughout the organization on contracting changes and corresponding revenue implications
VALUES
Resourceful: Proactive willingness to utilize available information and tools to figure things out
Adaptable: Demonstrates flexibility and a willing ness to change as circumstances evolve
Collaborative: Demonstrates the ability to work well with others to accomplish a goal and get the work done; takes opinions of others into consideration; includes others in the decision-making process
Intellectually curious: Demonstrates a genuine interest in learning new things and wants to know the reason "why" behind the way things are done
Communication: The ability to speak, write, and listen clearly and consistently
Relationship Building and Maintenance: The ability to create and nourish healthy, strong relationships within the Finance team and Payer contracting organization
KNOWLEDGE, SKILLS AND ABILITIES
Proficiency with Microsoft Office Suite
Analytical, data driven decision maker
Strong data, excel and presentation skills
Knowledge of healthcare regulations, reimbursement mechanisms, and the financial drivers within the healthcare sector
Experience reading and synthesizing complex contracts
EDUCATION AND EXPERIENCE
Bachelor's degree in healthcare administration, Business, Finance, Statistics, Data Analytics or related area
2-3 years of experience in healthcare, ideally in payer contracting, healthcare analytics, medical economics, finance or a similar role
SALARY RANGE
$75,000-$95,000 annually. Exact pay will be determined based on candidate experience and geographic location.
The Payer Contracting Financial Analyst is a key analytical team member reporting to the Sr. Manager Payer Contracting Analytics and Strategy. In collaboration with the business leadership and other centralized functions such as accounting, revenue cycle, corporate finance, IT, etc. this individual will be critical to the analytical support of contract negotiations, contract strategy development and decision support to these important financial conversations in the organization.
The Details: This is a full-time, remote position.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Contract Negotiation Support: Offering detailed analytical support and analyses to payer contract negotiations, utilizing insights derived from data analysis
Contract Strategy Development: Providing analytical support to cross-functional teams in developing and refining strategic approaches to payer contracting
Data Analysis and Insights: Conducting comprehensive analysis of healthcare data, including billing data, fee schedules, financial reports, and market trends, to generate actionable insights and recommendations for all aspects of payer contracting
Reporting and Presentation: Preparing and presenting detailed reports and presentations for the Payer Contracting and Finance teams, synthesizing complex analytical findings into clear and actional insights to inform strategic decision making and drive organizational growth
Continuous Improvement: Driving continuous improvement in contracting processes and analytics capabilities through the integration of technology, best practices, and innovation, aiming to enhance efficiency, accuracy, and strategic alignment
Budgeting and Forecasting: Supporting annual budgeting and periodic forecasting process. Detailed analyses will inform assumptions throughout the organization on contracting changes and corresponding revenue implications
VALUES
Resourceful: Proactive willingness to utilize available information and tools to figure things out
Adaptable: Demonstrates flexibility and a willing ness to change as circumstances evolve
Collaborative: Demonstrates the ability to work well with others to accomplish a goal and get the work done; takes opinions of others into consideration; includes others in the decision-making process
Intellectually curious: Demonstrates a genuine interest in learning new things and wants to know the reason "why" behind the way things are done
Communication: The ability to speak, write, and listen clearly and consistently
Relationship Building and Maintenance: The ability to create and nourish healthy, strong relationships within the Finance team and Payer contracting organization
KNOWLEDGE, SKILLS AND ABILITIES
Proficiency with Microsoft Office Suite
Analytical, data driven decision maker
Strong data, excel and presentation skills
Knowledge of healthcare regulations, reimbursement mechanisms, and the financial drivers within the healthcare sector
Experience reading and synthesizing complex contracts
EDUCATION AND EXPERIENCE
Bachelor's degree in healthcare administration, Business, Finance, Statistics, Data Analytics or related area
2-3 years of experience in healthcare, ideally in payer contracting, healthcare analytics, medical economics, finance or a similar role
SALARY RANGE
$75,000-$95,000 annually. Exact pay will be determined based on candidate experience and geographic location.