Medical Economics Resume Samples
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Medical Economics Resume Samples
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500 Luettgen Trafficway
Philadelphia
PA
+1 (555) 524 0969
500 Luettgen Trafficway
Philadelphia
PA
Phone
p
+1 (555) 524 0969
Experience
Experience
Houston, TX
Medical Economics Analyst
Houston, TX
Baumbach LLC
Houston, TX
Medical Economics Analyst
- Working with all relevant stakeholders, produce analytics across a variety of subject matters including medical and quality management, network management, contracting, and new business development
- Produce and monitor monthly trends in cost and utilization and quality metrics to explain drivers of financial results and highlight areas of opportunity for implementation of data-driven solutions to favorably impact medical costs and quality improvement
- Utilize BI tools in designing dashboards, scorecards, and reports to track key healthcare quality and efficiency metrics by Risk Unit, practice, physician and care management program. Communicate findings of performance trends and identification of areas of opportunity for performance improvement
- Provide ad hoc analytical support to other departments such as Contract Management, Medical Management, and Vendor Oversight
- Develop various sensitivity analytics to assess financial exposure based on changes to business and contractual methodologies
- Act as a support resource for provider performance reporting and report development and interpretation to understand medical cost, utilization and corresponding trends
- Provide ad-hoc analytical support to other departments such as Contract Management, Medical Management, and Vendor Oversight
Detroit, MI
Medical Economics Informatics Specialist
Detroit, MI
Braun, Koss and Von
Detroit, MI
Medical Economics Informatics Specialist
- Assist in local market planning process focusing on the expansion of Fee For Value arrangements with Cigna contracted providers
- Develop and improve financial accounting, analysis and forecasting methods
- Create and manage quarterly CCC Reserves including projections and adhoc reporting
- Work closely with Provider Contract Database Analyst to maintain accuracy of forecasting tools
- Manage Reserves for California Special Programs and provide detailed information to other units for related Cigna initiatives such as 50/90 reporting
- Develop and improve reporting processes and documentation for quarterly reports, RFP requests, etc
- Support completion of new business proposals (e.g. RFPs) by providing value based financial analysis, metrics, and insights
present
Philadelphia, PA
Medical Economics Informatics Senior Specialist
Philadelphia, PA
Dooley-Cole
present
Philadelphia, PA
Medical Economics Informatics Senior Specialist
present
- Work with contracting/MME to develop strategies to accelerate the signing of FFV contract
- Be a liason between Cigna and the group to provide analytical support at negotiation of new FFV contracts
- Show providers value of our programs and how to succeed in partnership with Cigna
- Change leader who will be proactive in assisting in positive growth for the future
- Dive deeper than ever before into data
- We are looking for a very technically oriented individual to join our technical team
- Build strong relationships with individuals by demonstrating the power of the informatics our group is doing
Education
Education
Bachelor’s Degree in Finance
Bachelor’s Degree in Finance
Iowa State University
Bachelor’s Degree in Finance
Skills
Skills
- Strong time management skillswith the ability to multitask concurrent priorities in an organized manner
- Strong computer skills with demonstrated proficiency in Microsoft Office applications
- Detail oriented with strong analytical and organizational skills
- Ability to communicate complex quantitative analysis in a clear, precise, and actionable manner
- Understanding of the variables and/or components that comprise Medicare Advantage and Medicaid premiums
- Understanding of medical claims and the components and variables that affect the nature of payment reimbursement
- Strong oral and written communication skills to effectively communicate with all levels of management
- Ability to effectively interpret data and communicate findings/recommendations both orally and in writing appropriate to the audience
- Ability to take direction from and communicate effectively with senior management and medical directors on a daily basis
- A strong focus on process improvement and a proven track record of prior improvements
13 Medical Economics resume templates
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1
Medical Economics Analyst, Senior Resume Examples & Samples
- Proactive involvement with identification, evaluation and monitoring of medical cost savings initiatives
- Bachelor's degree (B. A.) from four-year college or university
- Graduate degree and/or significant industry experience
- Significant experience with SAS Enterprise Guide, Business Objects or other graphical business intelligence tools
- Superior analytical skills required
- Superior ability to define problems, collect data, establish facts, and draw valid conclusions
- Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables
- Knowledge of Word sufficient to create complex documents which may contain graphics, form fields, sub-headings and indexes
- Knowledge of Excel sufficient to create complex spreadsheets containing functions, if statements, look-up tables and macros
- Knowledge of database concepts and designs
- Knowledge of email systems such a Microsoft Outlook sufficient to communicate with both internal and external contacts
- LI-BB1
2
Medical Economics Informatics Senior Specialist Resume Examples & Samples
- Build strong relationships with individuals by demonstrating the power of the informatics our group is doing
- Acts as catalyst through multiple layers to spark enthusiasm, collaboration and results. Never use the term “that’s how we always done it”
- Bachelor’s Degree or commensurate experience. Finance, Economics, Mathematics preferred, Clinical/Current Medical Coding and/or Public Health training a plus. Actuarial experience welcome but not required
- Financial/Clinical Experience (4-6 years minimum) in the managed care industry or Public Health Care; clinical/medical coding knowledge and experience
- Demonstrated ability creating professional relationships
- Effectively partner with and influence a cross-functional team
3
Medical Economics Analyst Resume Examples & Samples
- 3+ years business decision support or financial analytical support using SQL, SAS, MS Access and frontend reporting tools (SSRS, Excel, MS Access, Tableau, etc.)
- Advanced Excel skills (complex formulas, pivot tables, dynamic visualizations, VBA, macros) required
- Strong knowledge of Medicare/Medicaid programs or financial reporting in the health insurance industry
- Ability to effectively interpret data and communicate findings/recommendations both orally and in writing appropriate to the audience
- Ability to utilize database technology to effectively query data and generate reporting analyses for senior management and medical directors
- Ability to read and interpret financial statements and understand the economic drivers relevant to the managed care industry
- Understanding of medical terminology as it pertains to managed care data environment including but not limited to: ICD-9, ICD-10, CPT-4, DRGs and risk adjustment
- Understanding of the managed care industry as it pertains to insurance, physician groups, risk contracting and incentive arrangements
- Understanding of medical claims and the components and variables that affect the nature of payment reimbursement
- Understanding of premium and funding as it pertains to physician group contracts
- Understanding of the variables and/or components that comprise Medicare Advantage and Medicaid premiums
- Ability to take direction from and communicate effectively with senior management and medical directors on a daily basis
- A strong focus on process improvement and a proven track record of prior improvements
- In-depth knowledge and understanding of the various types of contractual relationships payors may have with providers, including global risk, capitation and risk-sharing arrangements
- Organizational and project management skills to manage projects effectively; ability to manage multiple projects simultaneously
- Exercises self-awareness; monitors impact on others
- Receptive to and seeks out feedback; uses self-discipline to adjust to feedback
- Ability to conduct analytic work in an efficient manner with minimal re-work including effective use of the peer review process
- Excellent verbal and written communication skills; outstanding interpersonal skills; the ability to relate positively with individuals at all levels both internally and externally
4
Senior Dir, Medical Economics Resume Examples & Samples
- 2) Provides cross-functional leadership in designing, developing, and assessing local, regional, and national strategic Health Care Delivery initiatives
- 3) Tracks business results and captures critical information for financial accountability and support for performance management team
- 4) Oversees the development of analytical tools and models
- 5) Designs and oversees the design of effective processes for achieving business goals
- 6) Participates in the evaluation of product design and its impact on medical cost
- 7+ years experience in a health care delivery system role with accountability for business results
- 3-5 years experience with Medicare products
- Extensive experience in the managed care industry with an in-depth knowledge of health care analytics and tools
5
Medical Economics Informatics Manager Resume Examples & Samples
- Responsible for rethinking Fee-For-Value (FFV) reserving and reporting
- Creating more transparency with our clients on current and future methodologies around FFV payments
- Create opportunities for Cigna and its clients to better understand performance of FFV programs
- Dive deeper than ever before into data
- Never use the term “that’s how we always done it”
- Collaborate each and every day with known matrix partners and those yet to be discovered
- Acts as catalyst through multiple layers to spark enthusiasm, collaboration and results
- Clinical/Current Medical Coding and/or Public Health training a plus
- Minimum 10 years of Financial/Clinical Experience in the managed care industry or Public Health Care
- Entrepreneurial Mindset
- Demonstrated excellence in leadership ability to engage and motivate in a high performance culture
- Strategic thinker with both sound and broad business acumen
- Experience working successfully in a matrix environment
6
Medical Economics Informatics Specialist Resume Examples & Samples
- Assist in local market planning process focusing on the expansion of Fee For Value arrangements with Cigna contracted providers
- Create quarterly, annual, and five year forecasts of medical cost spending and savings
- Conduct variance analysis at the local market level of savings estimates vs. plan
- Review forecasts and variance reports with local markets as needed and answer any questions around assumptions and the planning process
- Update P&L statements quarterly with latest historical and forecast data and share with matrix partners
- Develop and improve financial accounting, analysis and forecasting methods
- Develop and update quarterly and ad hoc reports for local markets and sr. leaders
- Bachelor’s Degree strongly preferred; Finance, Economics, Mathematics preferred,
- MBA, CPA or advanced degree in statistics is a plus
- Actuary experience welcome but not required
- Financial Experience (4 years minimum) and experience in the managed care industry or Public Health Care (2 years minimum) strongly preferred
- Proven skill in understanding individual market dynamics (healthcare providers, employers, and competitors, skill/experience in quality/payment innovation programs, health plan performance, etc.) to set strategies/tactics to achieve both cost and quality objectives
- Knowledge of both the PPO and managed care environments, including product offerings, competitor offerings and healthcare provider value based reimbursement programs helpful
- High proficiency with PC and software applications, including Microsoft Word, Excel, and Access
- Experience with data analysis, pivot tables, filters, vlookups
- Experience using excel for forecasting and variance analysis
- Familiar with financial concepts such as ROI and cost benefit analysis
- SQL or SAS coding experience desired but not required. Will be expected to learn
- Tableau development experience a plus
7
Medical Economics Informatics Senior Specialist Resume Examples & Samples
- We are looking for a very technically oriented individual to join our technical team
- Reporting development experience with Excel, Powerpoint, Access
- Automation of reports a plus
- Advanced experience with SAS, SAS Macros, SQL, SQL automation
- SAS Certified a plus
- Experience with Tableau preferred
- Experience with VBA preferred
- Bachelor’s degree preferred; or commensurate experience
8
Medical Economics & Actuary Services Supervisor Resume Examples & Samples
- Supervise a unit of employees in the Medical Economics team in the development of monthly dashboard reporting, with contributions toward the monthly trending, and assistance in ad hoc financial analysis
- Ensure staff are on track and focused on goals
- Manage the financial analysis work load
- Work with Director to set priorities and reasonable deadlines
- Develop ongoing dashboard reporting
- Extract and analyze data for Medical, Network Department and Executive Team
- Extract and analyze data for Contract Changes
- Provide monthly trending of Revenue, Member Months and Medical Costs
- Complete monthly and quarterly financial reports, and financial analysis projects in timely and accurate manner
- At least two (2) years working in a managed care environment
- At least five (3) years in healthcare financial management or related field
- At least two (1) years supervisory experience
9
Medical Economics Analyst Resume Examples & Samples
- Medical Economics report development and analytics
- Technology Solutions Expert: SuperUser of Medical Economics technology and analytical solutions used for Medical Economics data and reporting
- Operation and maintenance of Medical Economics reporting
- 1+ years experience in an analytical role with an analysis firm or large company utilizing heavy data management components and performing independent analysis
10
Senior Medical Economics Analyst Resume Examples & Samples
- Medical economics report development and analytics
- Consultation and Education
- Provide guidance and training to Medical Economics Analyst
- Operation and Maintenance of Medical Economics Reporting
11
Medical Economics Informatics Specialist Resume Examples & Samples
- Financial Reporting and administration of California IHA Pay for Performance (P4P) program including financial model improvements and implementation, understanding new/proposed changes to program, and presenting data to stakeholders and provider groups
- Facilitate incentive program payments to Provider Organizations
- Manage Reserves for California Special Programs and provide detailed information to other units for related Cigna initiatives such as 50/90 reporting
- Manage Risk Share arrangements including all financial reporting and data analytics and engaging matrix partners such as Accounting, Contracting, Sales, and Medical Management as needed
- Provide data governance services including validation, reconciliation and transmission to third party vendor
- Create and manage quarterly CCC Reserves including projections and adhoc reporting
- Conduct variance analysis of combined fee for service and encounter claims for Employer Groups and Provider Organizations leveraging Tableau application
- Develop and update quarterly and ad hoc reports for local markets and Sr. leaders
- Bachelor’s Degree strongly preferred; Finance, Economics, Mathematics preferred
- Financial Experience and experience in the managed care industry or Public Health Care strongly preferred
- SQL or SAS coding experience required
12
Senior Analyst, Medical Economics Resume Examples & Samples
- Conducts complex and critical studies and analyses
- Verifies, processes, analyzes and reports on key performance indicators and other data critical to the organization
- Develops and maintains data visualizations and presentations of the KPIs
- Reports results monthly, quarterly, year to date or year/year on departmental requests, as directed
- Tracks, researches and reports statistical variances. Identifies and investigates issues
- Designs, develops and modifies systems and procedures to enhance departmental processing, as needed
- Supports Analysts and other staff in completion of projects and duties
- Troubleshoots problems and researches variance causation. Interprets data and recommends appropriate course of action
- Serves as a liaison between department’s analytical needs and technical data storage systems and files
- Applies knowledge of database structures to ensure optimal logical model and effective/efficient mapping to physical structure
- Bachelor’s Degree Computer Science/Technology, Business Administration, Mathematics, Statistics, or related field, required
- Minimum of four (4) years experience working with databases, reporting applications and/or business intelligence applications, required
- Experience with database tools (SQL, MS SQL Server), required
- Advanced experience with Microsoft Office Excel, preferred
- Reporting and analysis skills, preferred
13
VP Medical Economics Resume Examples & Samples
- Lead a highly matrixed team to apply the medical economics / “creating customer value” process / discipline to deliver cost saving value to the market segments
- Create business unit strategy in partnership with P/L owner
- Establish and ensure medical cost category baseline performance and targets for the segment(s)
- Ensure the cadence and depth of analysis necessary to understand changes in medical cost performance
- Ensure timely and appropriate solution development to meet targets and to address newly observed medical cost concerns
- Champion the implementation of specific initiatives as necessary
- Within the context of the company’s total medical cost control needs, identify, manage and prioritize the portfolio of solutions/initiatives that will have the biggest impact on the segment(s)
- Ensure that results are being measured and realized
- Partner with Market Segment Strategy, Actuary and Finance to ensure that appropriate results are targeted, obtained and appropriately incorporated into pricing policy, forecast/planning processes, etc
- Partner with Health Plan Finance, Medical Economics and Actuary to establish appropriate medical cost category targets for each function that will deliver necessary results to the market segment(s)
- Ensure targeted performance is appropriately contemplated in current/future year projections and pricing models as well as monitored in the emerging financial results
- Leverage the Medical Economics / Creating Customer Value governance processes to escalate and resolve issues
- Regularly interact with senior Market Segment and Finance leadership to set and adjust targets and to resolve issues
- Oversee the initiative management of select initiatives that have significant impact on the market segments(s)
- Apply limited project management resources to manage those initiatives that deliver significant value to the segment(s), have no natural functional owner or otherwise need oversight
- Work with Market Segment and Finance Leadership to ensure appropriate guidelines are followed when assigning initiative accountability
- Shape the cross-functional process
- Serve as the example for how the medical cost management discipline may be applied to the market segment to deliver specific results
- Work with Medical Economics, Finance, other market segments, critical delivery functions to shape and adapt the processes, discipline, organization, governance or other
- Lead in a matrixed work environment
- Help drive a culture change from “reporting the past” to “creating the solutions for future.”
- Collaborate with other market segment leaders, Finance and functional leaders. This will require strong communication skills (verbal and executive quality presentations)
14
Director of Medical Economics Resume Examples & Samples
- Work with departmental staff to identify requirements for reporting and / or business intelligence tools
- Identify necessary data, data sources and methodologies
- Collect, organize, integrate, analyze and interpret data
- Leverage advanced statistical analysis methods to create insightful recommendations and conclusions that you effectively communicate to your stakeholders
- Identify and address expected and unforeseen data complexities to mitigate their impact on the analytic outcome and associated business decisions. Clearly communicate data issues to the recipients and work to improve data quality where possible within the analytical models you create. Feed data quality issues back to IT or identified data stewards to assist in our quest for high quality data
- Develop and present reports, analyses and findings to senior management and others as scheduled or requested
15
Medical Economics Specialist Resume Examples & Samples
- Leadership ability to analyze results working with multiple matrix partners across regions
- Key player in achieving medical cost plans and earnings plans
- Communication and influencing to ensure goals and targets are met. Will be responsible for initiating necessary escalation of risks and opportunities
- Drives change initiatives to address future oriented business needs. Act as catalyst through multiple layers to spark enthusiasm, collaboration and results
- This is an individual contributor position that works independently with only general direction
- Enhance CGHB’s medical spend analysis and reporting capability to drive incremental value and in support of value add decision making; partner with finance
- Manage the provision of data and analytics as needed to support cost containment initiatives, opportunity identification, and overall ROI assessment of initiatives for CGHB global spend (globally)
- Lead cost containment projects to deliver stated savings. Ensure communications are timely and delivered to appropriate audiences on any developments resulting in risks and/or opportunities to the plan
- Partner with global clinical leadership to define valid and reliable key performance indicators that accurately reflect outcomes and impact on matrix partners
- Lead data consolidation activities to support global clinical reporting and analytics (Monthly Operational Reporting, Clinical Dashboards, Cost Containment/Savings Reporting) using multiple Business Intelligence reporting tools (for example: Cognos, Business Objects and Qlikview)
- Prepare and present key strategic and tactical clinical analytics using Business Intelligence reporting tools to both managerial and front line partners to drive improvements in customer experience and healthcare costs
- Present data that provides insights into key improvement opportunities, savings opportunities and case management opportunities
- Develop insight into member and provider performance and the variables affecting performance
- Partner with cost containment team to drive steerage, discounts, proactive and effective case management and additional savings opportunities
- Be able to gather data from multiple sources using multiple technologies (SQL, Cognos, QlikView, Excel, Access, etc.) and consolidate into global dashboards and reports ready to be presented to senior leaders
- Attention to detail to uncover data gaps and inconsistencies. Ability to deliver dashboards and reporting under tight deadlines
- Bachelor’s degree in Mathematics, Biostatistics, Statistics, MIS or Finance is highly preferred
- 4+ years’ experience in business reporting and analytical roles required
- 2+ years of experience in managed care, medical cost reporting and analytics for the health insurance industry required
- Proficient knowledge of medical terminology, cost components, contracting methodologies
- Demonstrated analytical capabilities related to clinical and financial process improvements
- Ability to maximize technology expertise to deliver re-usable and scalable business process enhancements
- Demonstrated proficiency using advanced Excel features and techniques. Microsoft Access and SQL preferred
- Experience working with a variety of information systems and data files, including large and complex files: analyzing file structure, using and creating file layouts, transforming raw data into finished products
- Experience in identifying and developing key performance indicators and management reporting
- Accomplished ability to manage multiple timelines and priorities for self and team
- Demonstrated excellent leadership ability
- Very strong verbal and written communication skills are required
- Strong analytical skills and excellent presentation skills required
16
Medical Economics Informatics Senior Specialist Resume Examples & Samples
- Be a liason between Cigna and the group to provide analytical support at negotiation of new FFV contracts
- Show providers value of our programs and how to succeed in partnership with Cigna
- Work with contracting/MME to develop strategies to accelerate the signing of FFV contract
- . Acts as catalyst through multiple layers to spark enthusiasm, collaboration and results
17
Medical Economics Analyst Resume Examples & Samples
- Perform statistical population health utilization and management analytics as directed by their Manager
- Assist analytics team with development of total cost of care targets for at-risk populations
- Support development of complex analytical models targeting operational efficiency improvements and reductions of cost per case variances
- Gather data from multiple sources and build complex data sets to enable accurate and robust quantitative analyses
- Develop deep understanding of the findings and effectively communicate them to analytics management and senior leadership
- BS in a quantitative/analytically challenging field and 1-2 years of experience in healthcare analytics is preferred. Experience working at a health insurance plan is preferred
- Experience with cost management and population health analytics is preferred
- Advanced MS Access, Excel, and SQL skills preferred
- Experience with EPIC Clarity model is a plus
- Intellectual curiosity about analytics and improving health care delivery
- Ability to work in a fast-paced and dynamic environment, with a drive to deliver outstanding results
- Ability to work cooperatively and collaboratively with staff at all levels across the organization
- Self-motivated person with a positive, professional attitude and ability to work independently and on teams
18
Senior Medical Economics Analyst Resume Examples & Samples
- Proficient in both data aggregation and managed care specific acumen to interpret data
- Communicates actionable findings, provides recommendations as appropriate to senior/executive management
- Acts as the primary analytical resource in the development and interpretation of key monthly cost
- Utilizes metrics that support the reserve process
- Strengthen managements understanding of key drivers of medical cost and developing various "impact" and "scenario" models to assess financial exposure based on changes to business and contractual methodologies
- Serves as a lead resource for a team of Medical Cost Analysts
- Provides ad hoc analytical support to other departments such as Contract Management, Medical Management, and Vendor Oversight
- Develop various sensitivity analytics to assess financial exposure based on changes to business/contractual methodologies
- Provide ad-hoc analytical support to other departments for work related to Contract Management, Medical Management, and Vendor Oversight and other related concerns as requested
- Superior data-aggregation techniques
- Knowledge of Federal and NY State Medicaid reimbursement methodologies
- Five years of financial healthcare analytical experience in a managed care setting, required
- Proficiency in Microsoft Office; Outlook; SQL/SAS
- Must have strong analytical and problem solving skills
- BA/BS - Bachelors Degree in a related field, required
- MA/MS – Masters Degree or equivalent preferred
19
Medical Economics Informatics Specialist Resume Examples & Samples
- Support completion of new business proposals (e.g. RFPs) by providing value based financial analysis, metrics, and insights
- Assist in analysis, creation, and maintenance of value based scorecards and reports delivered to various leaders and business partners
- Develop meaningful relationships with business partners by delivering quantitative and qualitative data and insights for Cigna’s value based initiatives
- Develop and improve reporting processes and documentation for quarterly reports, RFP requests, etc
- Update scorecards/reports quarterly with latest historical and forecast data and share with matrix partners
- Bachelor’s Degree strongly preferred
- Minimum of 3 years of Financial experience strongly preferred
- Minimum of 2 years of healthcare experience strongly preferred
- Proven skill in understanding of individual market dynamics (healthcare providers, employers, and competitors, skill/experience in quality/payment innovation programs, health plan performance, etc.) to set strategies/tactics to achieve both cost and quality objectives
- Excellent communication and presentation skills -- able to effectively explain and apply complex concepts in meaningful ways to all levels of organization
- Experience with data analysis in Excel strongly preferred
- Strong understanding of financial concepts such as ROI and cost benefit analysis
- SQL/SAS coding experience desired but not required
20
Medical Economics Analyst Resume Examples & Samples
- Working with all relevant stakeholders, produce analytics across a variety of subject matters including medical and quality management, network management, contracting, and new business development
- Produce and monitor monthly trends in cost and utilization and quality metrics to explain drivers of financial results and highlight areas of opportunity for implementation of data-driven solutions to favorably impact medical costs and quality improvement
- Utilize BI tools in designing dashboards, scorecards, and reports to track key healthcare quality and efficiency metrics by Risk Unit, practice, physician and care management program. Communicate findings of performance trends and identification of areas of opportunity for performance improvement
- Use BI tools and/or SQL coding skills to support advanced analytic drill downs
- Leverage, promote and support the use of existing technology and BI solutions available to Physician and Hospital stakeholders to provide data that will inform decision making and drive performance
- Minimum of 3 years experience working in a health care analytics role
- Field of study in mathematics, economics, statistics or finance preferred
- Understanding of SAS, SQL Access, EHR systems, and/or EHR data constructs preferred
- Experience with healthcare services utilization/reimbursement concepts and/or experience designing visual analytics in a business intelligence (BI) platform such as Tableau, Microsoft BI tools, or Qlik preferred
21
Senior Medical Economics Analyst Resume Examples & Samples
- Manage the development of state of the art reporting that allows CCI to effectively understand cost of care trend drivers (both retrospectively and prospectively) and implement a communication strategy that allows this information to be effectively distributed to all interested departments
- Conducts and coordinates cross-functional analysis of health care data to identify trends, explain plan results, and discover opportunities for plan improvement. Communicates findings to senior management and the appropriate stake-holders particularly Medical Operations, Network Operations, Actuarial and Underwriting through a monthly meeting with the other appropriate stake-holders facilitated by the Medical Economics Analyst
- Design, develop, and implement statistically valid tests for internal and external assumptions for healthcare cost savings. Design methods that take into account the justifiable causes for variation in medical costs (age, sex, illness, severity, etc,) and develop reports that summarize this information in a way that management can use to make actionable decisions. Contribute to planning by determining what information is necessary to make valid decisions, generating the necessary information, and analyzing the information and making recommendations
- Works with Medical Operations, Network Operations, Sales & Marketing, Operations, Actuarial and Underwriting to determine appropriate information for corrective action management reports. Designs and develops reports required to thoroughly understand the cost of care opportunities including the top trend drivers so action plans can be developed to address
- Prepares sophisticated financial analysis of proposed contracting initiatives, including user-friendly utilization and cost reports
- Works cross-functionally to develop, refine, and implement the data warehouse reporting strategy designed to make reporting at CCI a strategic advantage
- Supports the initiatives of Medical Operations, Operations and Network Operations by providing applicable data and guidance on measurement
- Identifies deficiencies in data quality and works cross-functionally to resolve
- Develop other Contract Analysis & Implementation team members on cost of care analysis/reporting so CCI can develop analyst(s) to perform this analysis/reporting in their current role(s) so they can identify cost of care opportunities
- Requires Bachelors Degree in Actuarial Sciences, Decision & Information Sciences, Medical Informatics, Finance or related quantitative field and 7 to 10 years of experience in the design, development, and management of informational analysis tools
- Previous work experience in cost of care and trend analysis required preferably within a managed care environment
- Must have previous work experience in interpreting financial results and explaining variances from budget to actual
- Must have experience, training, or coursework in analysis and assessment of medical claims and forecasting. In lieu of a Bachelors degree and 5 years of experience as stated, we will accept a Masters degree in one of the stated fields and 3 years of work experience, and will view one year of Ph.D. studies as equivalent to each year of required work experience as stated on a one to one basis
- Knowledge of relational database principles including PCSAS, SQL and MS-Office products (particularly MS-Access) are required. Knowledge of Cognos Powerplay, Upfront and Application development principles preferred
- Excellent quantitative and analytical skills
- Knowledge of medical terminology and coding methodologies required. HCPC, CPT, RBRVS, Diagnosis (ICD-9), DRG's required. 8. Good oral and written communication skills with work experience in presenting analysis to key stakeholders to support strategic business decisions. 9. Good project management skills
22
Senior Medical Economics Analyst Resume Examples & Samples
- Responsible for the development, coordination and delivery of medical economics models and studies that drive health services outcomes
- Performs in depth analysis on medical and pharmaceutical expense trends, interprets leading indicators, and effectively communicates actionable items
- Demonstrates strong communication with the customer to thoroughly understand the business problem, work through issues, and produce the desired finished product
- Models hospital, physician and ancillary contracts in order to advise network contractors during rate negotiations, as well as provide monthly analysis of overall network performance
- Identify potential areas for medical cost improvements and alternative pricing strategies
- Displays a high level of critical thinking to address complex business problems
- Creates actionable information and effectively communicates results that support findings to customers
- Collaborates with internal and external partners to understand data needs and design analytic studies that provide actionable results
- Supports Medical and Financial programs through monitoring and tracking of initiatives
- Proactively identifies potential areas for medical cost improvements and alternative pricing strategies
- Provides ad hoc reports upon request and distributes/presents to internal customers including senior leadership
- Deliverables are generated and distributed timely, reflecting detailed and accurate information with actionable conclusions
- Manages change to requirements through effective use of change control processes and tools
- Creates and maintains high quality documents, and adheres to quality standards set by Management
- Assists in enforcement of project deadlines, schedules, and methodologies
23
Medical Economics Analyst Resume Examples & Samples
- Proficient in both data aggregation and managed care specific acumen to interpret data; communicate findings and provide recommendations as appropriate
- Provide ad hoc analytical support to other departments such as Contract Management, Medical Management, and Vendor Oversight
- Act as primary analytical resource in the development and interpretation of key cost and utilization metrics that support the monthly reserve process and strengthen management's understanding of key drivers of medical cost
- Develop various sensitivity analytics to assess financial exposure based on changes to business and contractual methodologies
- Act as a support resource for provider performance reporting and report development and interpretation to understand medical cost, utilization and corresponding trends
- Provide ad-hoc analytical support to other departments such as Contract Management, Medical Management, and Vendor Oversight
- Health administration, economics, or finance in managed healthcare experience preferred
- Three to five years related experience required
- BA/BS - Bachelors Degree or equivalent required
- MA/MS - Masters Degree or equivalent preferred
- Proficiency in Microsoft Office: Excel, Word, Access; Outlook; SQL, required
24
Medical Economics Analyst Resume Examples & Samples
- Creatively solve problems to drive results through use of project management, technology, and processes
- Consistently improve the department through positive attitude, attention to detail, and thorough documentation of deliverables
- Work collaboratively with other team members and take instruction effectively
- Bachelor’s Degree in Analytics, Biostatistics, Statistics, Mathematics, Business, Finance or equivalent training, or any combination of education and experience, which would provide an equivalent background
- Strong Excel skills (nested functions, index/match, vlookup, pivots) with a self-driven perspective towards researching and understanding various financial and operational issues. Ability to understand the business model and provide insights to our customers (e.g., contracting, finance, network operations, market leadership)
- Strong understanding of SQL to be able to pull data and generate insights from that data
- Strong interpersonal skills that can be leveraged to deliver market focused presentations to our customers and provide interpretation of analysis performed
- Understand how to calculate PMPM and Per K metrics from medical and pharmacy claims data
- Familiarity with medical and pharmacy claims, ICD10, DRG, APC, HCPCS, CPT considered a plus
25
Medical Economics Informatics Specialist Resume Examples & Samples
- Analyze trend impact for hospital and physician group contract negotiations
- Provide ad-hoc analysis and deep dives into data as appropriate to support negotiations and other activities contributing to medical cost improvement opportunities
- Summarize and communicate findings and recommendations to matrix partners (Medical Economics, Contracting, Competitive Intelligence, Medical Management, Pricing, Sales)
- Identify opportunities for trend reduction and engage Contracting to build these into plan where appropriate
- Work closely with Provider Contract Database Analyst to maintain accuracy of forecasting tools
- Proficient with relational database applications: MS Access, MS Excel, SQL
- Strong healthcare data experience preferred (claims utilization, provider contracts)
- Must be able to interpret and discuss data with others
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Medical Economics Analyst Resume Examples & Samples
- Bachelors degree in relevant field required, Masters degree preferred
- Minimum of three (3) years of Data Analysis, Reporting, Claims, Case Management, Utilization Management or Healtcare experience required
- Demonstrated skills with statistical analysis tool such as SAS and at least one reporting application such as Crystal Reports, MS Excel, MS Access, SQL
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Medical Economics Analyst Resume Examples & Samples
- Responsible for running queries and providing required analysis in order to understand related drivers (such as medical cost and utilization), as well as providing insightful commentary and sensitivity modeling analysis
- Compile and analyze cost and utilization information in order to analyze complex system, corporate, or industry performance indicators
- Partner with IT as primary stakeholder in the ongoing validation and development of client's Enterprise Data Warehouse (EDW)
- Track and analyze provider financial performance metrics such as Medical Loss Ratio (MLR) in order to recommend options and solutions for the organization to meet objectives
- Responsible for assuring the accuracy and validity of both source data and results and interpreting results into recommendations
- Collaborate with Finance and other departments, including clinical, to analyze financial value of vendor contracts
- Ongoing system validation and review of all applicable Federal and State reimbursement methodologies
- Interfacing with, gathering information from and making presentations to various levels of management
- Perform ad hoc pricing sensitivity analysis and evaluation for Contract Management and other internal customers
- Developing professional expertise; applies company policies and procedures to resolve a variety of issues
- Works on problems of moderate scope where analysis of situation or data requires a review of a variety of factors. Exercises judgment within defined procedures and practices to determine appropriate action
- Builds productive working relationships
- Managed Healthcare experience; insurance operations, a plus
- Strong computer skills with demonstrated proficiency in Microsoft Office applications
- Detail oriented with strong analytical and organizational skills
- Self-starter with the ability to work under minimal supervision
- Ability to communicate complex quantitative analysis in a clear, precise, and actionable manner
- Strong time management skillswith the ability to multitask concurrent priorities in an organized manner
- Strong oral and written communication skills to effectively communicate with all levels of management
- Data reporting experience with SAS or SQL, a plus