Job Description
**Job Overview:**
The Senior Analyst assists with aspects of the fee-for-service environment
related to contract negotiations, rate modeling and contract performance
review. Additionally, the position will collaborate with all departments of
the revenue chain to ensure revenue optimization for the health system.
**Qualifications:**
**Required:**
* Bachelor s degree in finance or accounting required.
* Experience working with complex and sophisticated managed care contracts.
* Strong analytical skills with ability to manipulate large data sets into meaningful information.
* Advanced knowledge of Microsoft Excel, including formulas, lookups and pivot tables.
* Must possess strong interpersonal and email communication skills.
**Preferred:**
* 5 years of experience relating to healthcare reimbursement, strongly preferred.
* Experience solving difficult problems relating to reimbursement, contract modeling and revenue cycle functions, strongly preferred.
**Scheduling Requirements:**
* This role is fully remote with the option to work in-person if desired with a designated office space.
**Essential Functions**
* **Analytical lead on modeling contract rates throughout the managed care contract negotiation process.**
* **Assists in varying aspects of managed care payor negotiations including proposals, rate validation, rebalancing, language review and communication with insurance companies.**
* Evaluate payor performance relating to profitability, benchmarking, denials, contract compliance and retrospective reviews.
* Collaborates with the system business office to provide support relating to contract interpretation, denial reviews, payment variances, and cost-based audit reviews.
* **Supports the loading of payor contracts into the contract management system and validates accuracy at time of implementation.**
* **Collaborates with hospitals on creation andor review of revenue proformas relating to new service offerings.**
* Leads managed care payor projects in determining financial impact and progress tracking.
* Works with outside vendors on projects relating to revenue recovery and strategic pricing assessments.
* Research changes relating to managed care payor policies and determine financial impact to the health system.
* Models financial impact of new technologies, and provides timely notification to payers in accordance with contractual terms.
* Serves as a managed care resource across the organization assisting with reimbursement inquires, contractual rate grids, facility credentialing and various ad hoc requests.
* Special projects as assigned.
**Other Duties:**
Please note this job description is not designed to cover or contain a
comprehensive listing of activities, duties or responsibilities that are
required of the employee for this job. Duties, responsibilities and activities
may change at any time with or without notice.
At RWJBarnabas Health, our market-competitive Total Rewards package provides
comprehensive benefits and resources to support our employees physical,
emotional, social, and financial health.
* Paid Time Off (PTO)
* Medical and Prescription Drug Insurance
* Dental and Vision Insurance
* Retirement Plans
* Short & Long Term Disability
* Life & Accidental Death Insurance
* Tuition Reimbursement
* Health CareDependent Care Flexible Spending Accounts
* Wellness Programs
* Voluntary Benefits (e.g., Pet Insurance)
* Discounts Through our Partners such as NJ Devils, NJ PAC, Verizon, and more!
**Choosing RWJBarnabas Health!**
RWJBarnabas Health is the premier health care destination providing patient-
centered,
high-quality academic medicine in a compassionate and equitable manner, while
delivering
a best-in-class work experience to every member of the team. We honor and
appreciate the privilege of creating and sustaining healthier communities, one
person and one community at a time. As the leading academic health system in
New Jersey, we advance innovative strategies in high-quality patient care,
education, and research to address both the clinical and social determinants
of health.
RWJBarnabas Health aims to truly make a unique impact in local communities
throughout New Jersey. From vastly improving the health of local residents to
creating educational and career opportunities, this combination greatly
benefits the state. We understand the growing and evolving needs of residents
in New Jersey whether that be enhancing the coordination for treating complex
health conditions or improving community health through local programs and
education.
Equal Opportunity Employer
Job Tags
Full time, Contract work, Temporary work, Work experience placement, Local area, Immediate start, Flexible hours,