Job Information
Elevance Health Provider Contract / Cost of Care Analyst Senior in RICHMOND, Virginia
Provider Contract / Cost of Care Analyst Senior
Location: Indianapolis, IN. This position will work a hybrid model (remote and office). The Ideal candidate will live within 50 miles of one of our Elevance Health PulsePoint locations.
The Provider Contract / Cost of Care Analyst Senior will be responsible for providing analytical support to the Cost of Care and/or Provider Contracting organizations. Focuses efforts on lowering claims costs, improving the quality of care, and increasing member and provider network satisfaction. Typically works with one provider type, e.g. physician, ancillary, or medical group. Provides advice and analytic support to Medical Directors, contract negotiators and management on cost of care issues to help reduce costs without compromising quality of care.
How you will make an impact:
Performs varied data analyses which may include:
Developing moderately complex ROI models and performs healthcare cost analysis to identify strategies to control costs;
Projecting cost increases in medical services by using analytic techniques for PMPM trending via multiple variable analysis;
Preparing pre-negotiation analyses to support development of defensible pricing strategies;
Performing modeling to compare various contract scenarios based on member utilization patterns and 'what if' logic; measuring and evaluating the cost impact of various negotiation proposals;
Researching the financial profitability/stability and competitive environment of providers to determine impact of proposed rates;
Projecting different cost of savings targets based upon various analytics;
Identifies cost of care savings opportunities by analyzing practice patterns in relation to office visits, referral practices, and specialty care procedures and recommends policy changes and claim's system changes to pursue cost savings
Reviews results post-implementation to ensure projected cost savings are realized and recommends modifications as applicable
Recommends standardized practices to optimize cost of care
Educates provider contractors on contracting analytics from a financial impact perspective
May recommend alternative contract language and may go on-site to provider premises during contract negotiations
Participates on project team involved with enterprise wide initiatives
Minimum Requirements:
Requires BS/BA degree in Mathematics, Statistics, or related field and a minimum of 3 years experience in broad-based analytical, managed care payor or provider environment as well as experience in statistical analysis and healthcare modeling; or any combination of education and experience which would provide an equivalent background.
Preferred Skills, Capabilities, and Experiences:
Master's degree preferred
Proficiency with SAS and SQL