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Senior Analyst, Provider Network Pricing

Indianapolis, IN Ascension (System Office)

Job ID: 250714

Senior Analyst, Provider Network Pricing

Indianapolis, Indiana

Regular
/
Day

Additional Job Information

Title: Senior Financial Analyst

City, State:  Indianapolis, IN

Location:  ININD 10330 St Vincent Health

Department:   Managed Care Contracting 001

Additional Job Details:  FT, Days

About Us

Ascension is a faith-based healthcare organization dedicated to transformation through innovation across the continuum of care. As the largest non-profit health system in the U.S. and the world’s largest Catholic health system, Ascension is committed to delivering compassionate, personalized care to all, with special attention to persons living in poverty and those most vulnerable. In FY2017, Ascension provided more than $1.8 billion in care of persons living in poverty and other community benefit programs. Ascension includes approximately 165,000 associates and 34,000 aligned providers. Ascension’s Healthcare Division operates more than 2,600 sites of care – including 153 hospitals and more than 50 senior living facilities – in 22 states and the District of Columbia, while its Solutions Division provides a variety of services and solutions including physician practice management, venture capital investing, investment management, biomedical engineering, facilities management, clinical care management, information services, risk management, and contracting through Ascension’s own group purchasing organization.

Job Description

Job Summary:

Researches, analyzes, and reconciles managed care contracts and utilization patterns.

 

Responsibilities:

  • Conducts financial modeling and analysis by utilizing a modeling system (or develops tools to model against) to support negotiating strategies, modeling current and future facility and physician contract rate proposals.
  • Analyzes changes to reimbursement rule and regulations for all payers, evaluates impact on hospital and physician reimbursement, and educates appropriate personnel.
  • Reviews and evaluates the language of the Managed Care contracts and participates in negotiations, as needed.  Identifies any compliance issues and coordinates contract workflow/approval through legal review to contract execution.
  • Maintains all contract management software and content related to executed contracts and modeling, ensuring data integrity and consistency.
  • Analytical support of Regional Director as it relates to Managed Care contracts and payment issues.
  • Generates regular and ad-hoc reports for clinical and financial review and trending to analyze and compare information related to clinical procedures, payer categories, volume, net income, net loss charges, costs, revenue, and variances.
  • Follows company policies and procedures.
  • Must be able to travel to other company sites or business functions, as needed.
  • May provide education and training to staff or third party vendors, as needed.
  • Must be able to cross-train and support other regional analysts.
  • Performs other duties as assigned or as needed by the business.

 

Complexity of Work:

Within scope of job, requires critical thinking skills, decisive judgment and the ability to work with minimal supervision. Must be able to work in a stressful environment.

 

Personal Protective Equipment:

Follows Standard Precautions using personal protective equipment as required.

 

Qualifications:

Education:

  • Bachelor’s degree in statistics, economics, accounting, finance, health administration, or another related field is preferred.
  • MHA or MBA preferred.

 

Work Experience:

  • Two (2) years of experience preferred in finance or financial analytics, preferably related to insurance reimbursement for healthcare services.  Preferred two (2) years of experience in hospital, health system, health plan, or healthcare operations with experience in reimbursement, revenue cycle, or Managed Care contracting.
  • Skilled in supporting contract negotiation, working with databases and spreadsheets, giving presentations, critical and analytical thinking.

 

Technical Skills:

  • Contracting knowledge, preferably in Managed Care and Revenue Cycle.
  • Proficiently utilizes Microsoft Excel.
  • Negotiating skills.
  • Strong analytical skills.

 

Behavioral Skills:

  • A personal presence which is characterized by a sense of honesty, integrity and caring with the ability to inspire and motivate others to promote the philosophy, mission, vision, goals and values.
  • Ability to work collaboratively in a team environment or independently, as applicable. 
  • Communicates professionally and effectively in written and verbal manner with payers, third-party administrators, health plan networks, negotiating agencies, department manager and director, as well as other departments within the organization.
  • Abides by policies and procedures that ensure consistency with the organization’s mission and directives.
  • Investigational and analytical skills with a proven ability to communicate effectively in both written and verbal format.
  • Effective problem solving and excellent customer service.
  • Takes initiative to identify barriers and opportunities and provides solutions through process and operational improvements. 
  • Displays good verbal and written communication skills, and able to professionally receive and follow oral instructions.
  • Exceptional attention to detail and demonstrated ability to prioritize tasks to ensure accuracy and timely completion.
  • Ability to anticipate obstacles to a goal and initiates appropriate resolution.  Takes initiative to identify barriers and opportunities and provides solutions through process and operational improvements.    

Equal Employment Opportunity

Ascension Health is an EEO/AA employer: M/F/Disabled/Vet. For further information regarding your EEO rights, click on the following link to the “EEO is the Law” poster:
 
Please note that Ascension will make an offer of employment only to individuals who have applied for a position using our official application. Be on alert for possible fraudulent offers of employment. Ascension will not solicit money or banking information from applicants.

E-Verify Statement

Ascension Health participates in the Electronic Employment Verification Program. Please click the E-Verify link below for more information.

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