Senior Medical Economics Analyst (Remote) - Health Alliance Plan

📁
Clinical/Allied Health
💼
HAP (Health Alliance Plan)
📅
2413898 Requisition #

GENERAL SUMMARY:

As a Senior Medical Economics Analyst, your primary objective will be to identify, analyze, and explain emerging medical trends. You will play a crucial role in identifying opportunities for cost containment and quality improvements initiatives.

 PRINCIPLE DUTIES AND RESPONSIBILITIES:

  • Conduct analysis associated with medical cost containment initiatives. Analyze medical and pharmacy claims to identify early signs of trends or other issues related to medical care costs.
  • Perform qualitative analysis to pinpoint cost drivers (such as utilization, pricing, and service mix), address business challenges, and continuously enhance data-driven strategies and processes to improve financial results.
  • Evaluate vendor and partnership performance, focusing on value and return on investment (ROI), and communicate findings to key leadership and stakeholders.
  • Collaborate with finance and business leaders to establish benchmarks for monitoring medical cost trends and variances.
  • Demonstrate proficiency in healthcare/medical economics data and an understanding of healthcare industry coding systems such as ICD-10, CPT/HCPCS, and DRGs.
  • Take proactive initiative and show curiosity in exploring new opportunities to enhance cost-saving strategies and improve overall financial performance.
  • Participate in and/or lead cross-functional corporate business teams and meetings to develop medical economics programs.
  • Communicate and present findings to key leadership and stakeholders, addressing business questions and objectives.
  • Prepare reports and presentations for quarterly business meetings.
  • Perform other related duties as assigned.

EDUCATION/EXPERIENCE REQUIRED:

  • Must have an undergraduate (BS) degree in Statistics, Mathematics, Economics, Public Health, and Finance or another related field.
  • Master’s degree preferred.
  • Minimum of three (3) years of progressive analytical experience in a healthcare or managed care/insurance related setting.
  • Minimum of one (1) year of experience in leading staff in projects or supervisory/management position preferred.
  • Skills required: SQL, Excel.
  • Skills preferred: Microsoft PowerBI, SAS, R.
  • Demonstrated experience with data interpretation, analysis, and reporting; clinical and financial data; risk modeling and forecasting; key performance indicators as it relates to medical cost data.
  • Demonstrated project management experience in running corporate wide projects.
  • Experience in mining and migrating medical cost performance data to a single platform preferred.

The nature of the work requires progressive interpersonal communication, decision- making, financial and technical skills. Ability to ideate, improve processes, calculate measures, and leverage BI solutions to improve healthcare performance.

  • Must exhibit the ability to function in an autonomous manner in a rapidly changing environment.
  • High energy: strong leadership, analytical, project planning and coordination skills to enable efficient, timely task completion of deliverables that meet or exceed customer expectations.
  • Demonstrated ability to function in a creative, "out-of-the-box" way of thinking to develop original solutions to overcome roadblocks and meet or exceed customer requirements and expectations.
  • Knowledge of medical claims data and managed care membership data.
  • Knowledge of business intelligence applications, data, and tools.
  • Advanced Microsoft analytic skills (e.g., Access, Excel, and PowerBI).
  • Knowledge of Medicare and Commercial Reimbursement methodologies a plus.

    Additional Details

This posting represents the major duties, responsibilities, and authorities of this job, and is not intended to be a complete list of all tasks and functions. It should be understood, therefore, that incumbents may be asked to perform job-related duties beyond those explicitly described above.

Overview

Henry Ford Health partners with millions of people on their health journey, across Michigan and around the world. We offer a full continuum of services – from primary and preventative care to complex and specialty care, health insurance, a full suite of home health offerings, virtual care, pharmacy, eye care and other health care retail. With former Ascension southeast Michigan and Flint region locations now part of our team, Henry Ford’s care is available in 13 hospitals and hundreds of ambulatory care locations. Based in Detroit, Henry Ford is one of the nation’s most respected academic medical centers and is leading the Future of Health: Detroit, a $3 billion investment anchored by a reimagined Henry Ford academic healthcare campus. Learn more at henryford.com/careers.

Benefits

  

The health and overall well-being of our team members is our priority. That’s why we offer support in the various components of our team’s well-being: physical, emotional, social, financial and spiritual. Our Total Rewards program includes competitive health plan options, with three consumer-driven health plans (CDHPs), a PPO plan and an HMO plan. Our team members enjoy a number of additional benefits, ranging from dental and eye care coverage to tuition assistance, family forming benefits, discounts to dozens of businesses and more. Employees classified as contingent status are not eligible for benefits.  

Equal Employment Opportunity/Affirmative Action Employer

        Equal Employment Opportunity / Affirmative Action Employer Henry Ford Health is

        committed to the hiring, advancement and fair treatment of all individuals without regard to

        race, color, creed, religion, age, sex, national origin, disability, veteran status, size, height,

        weight, marital status, family status, gender identity, sexual orientation, and genetic information,

        or any other protected status in accordance with applicable federal and state laws.

Previous Job Searches

My Profile

Create and manage profiles for future opportunities.

Go to Profile

My Submissions

Track your opportunities.

My Submissions

Similar Listings

Community Care Services

Troy, Michigan

📁 Clinical/Allied Health

Requisition #: 2410415

Henry Ford Ascension Medical Group MI

Troy, Michigan

📁 Clinical/Allied Health

Requisition #: 1183832

Henry Ford Ascension Medical Group MI

Troy, Michigan

📁 Clinical/Allied Health

Requisition #: 2412310