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Payor Strategy Analyst
Company | WellNow Urgent Care |
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Location | Chicago, IL, USA |
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Salary | $72000 – $85000 |
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Type | Full-Time |
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Degrees | Bachelor’s |
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Experience Level | Mid Level |
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Requirements
- BA/BS in Business, Finance, Accounting or other related fields preferred
- 2-3 years of data analysis experience in healthcare or related fields
- Advanced skills with Microsoft Excel required
- SQL, SAS, or other data querying software experience preferred
- Broad knowledge of healthcare insurance, physician billing and reimbursement, administration, systems, practices, and principles, (i.e. Medicaid, Medicare, Medicare Advantage, and Commercial.)
- Has demonstrated ability to review large data files for accuracy and completion
- Has ability to excel in fast paced environment, take direction and handle multiple priorities
- Strong written and verbal communication skills including the ability to communicate results of data analysis to a variety of stakeholders.
Responsibilities
- Analyzes rate fee schedules and claims data to make recommendations for contract negotiations and pricing strategies
- Creates financial models to assess different contract scenarios and pricing strategies that impact patient revenue and utilization
- Creates the needed reporting to track key performance indicators related to payer contracting, such as patient volume, reimbursement rates and payer denials
- Organizes and maintains database of all contracted rates for WellNow Urgent Care
- Oversees that contracted rates are loaded into internal systems and audited to ensure its success
- Responsible for fee schedule compliance and maintenance to ensure that accurate rates are used in expected payment calculations
- Work cross departmentally to address any payer or claims related issues
- Creates ad hoc reports and analysis as required
Preferred Qualifications
- SQL, SAS, or other data querying software experience preferred