Sr Analyst, Medical Economics - REMOTE

Job Title: Sr Analyst, Medical Economics (Clinical Analytics UM/CM) - REMOTE
Job Location: New York, NY, USA
Job Location Type: Remote
Job Contract Type: Full-time
Job Seniority Level: Mid-Senior level
Job Description
Job Summary
The Senior Analyst, Medical Economics provides support and consultation to the Clinical Center of Excellence, Health Plan, and Finance teams through analyzing key business issues related to UM and CM processes and outcomes, as well as its impact on medical cost, utilization and revenue for multiple Molina Healthcare products. Understands and assess critical UM and CM data and designs / develops reports to monitor UM and CM process and outcomes, as well as those program impacts on medical cost trends. With those root causes identified, drives innovation by creating tools to monitor trend drivers and provide recommendations to senior leaders on UM and CM improvements.
Responsible for understanding UM and CM data and creating insights into the health of the process and outcomes of these major areas of the company on improving the quality of care delivered to our members. Extracts, analyzes, and synthesizes data from various sources to identify risks and opportunities.
Job Duties
Understand UM and CM data and provide input on key required data design to support complex UM and CM analyses
Extract and compile information from various systems to support executive decision-making
Mine and manage information from large data sources
Analyze claims and other data sources to identify early signs of UM and CM process and outcome improvement opportunities
Work with clinical, finance, MedEcon teams and other personnel to bring supplemental context/insight to data analyses, and design and perform studies related to the quantification of medical interventions.
Work with business owners to track key performance indicators of medical interventions
Proactively identify and investigate complex suspect areas regarding UM and CM operations and their impact on medical cost, initiate in-depth analysis of the suspect/problem areas, and suggest a corrective action plan
Draw actionable conclusions based on analyses performed, make recommendations through use of healthcare analytics, predictive modeling, and communicate those conclusions effectively to audiences at various levels of the enterprise
Analyze the financial performance of all Molina Healthcare products, identify favorable and unfavorable trends, develop recommendations to improve trends, communicate recommendations to management
Lead projects to completion by contributing to ad-hoc data analyses, development, and presentation of financial reports
Serve as subject matter expert on UM and CM data, reports, and improvement opportunities based on analyses
Provide data driven analytics to Clinical COE, Finance, Claims, Medical Management, Network, and other departments to enable critical decision making
Support Financial Analysis projects related to medical cost reduction initiatives
Support Medical Management by assisting with Return on Investment (ROI) analysis to determine if various programs will lead to value
Keep abreast of Medicaid and Medicare reforms and their impact on Molina Healthcare
Job Qualifications
Required Education:
Bachelor's Degree in Mathematics, Economics, Computer Science, Healthcare Management, or related field.
Required Experience, Knowledge, Skills, And Abilities
5+ years of related experience in healthcare
Demonstrated understanding of Medicaid and Medicare programs or other healthcare plans
Analytical work experience within the healthcare industry (i.e., hospitals, network, ancillary, medical facilities, healthcare vendor, commercial health insurance company, large physician practices, managed care organization, etc.)
Proficiency with Microsoft Excel (formulas, PIVOT tables, PowerQuery, etc.)
Proficiency with SQL and/or Python for retrieving specified information from data sources.
Experience with building dashboards in Excel and Power BI
Knowledge of healthcare operations (utilization management, disease management, HEDIS quality measures, claims processing, etc.)
Knowledge of healthcare data, including UM and CM data, claims, enrollment, ect.
Knowledge of healthcare financial terms (e.g., PMPM, revenue) and different standard code systems (ICD-10CM, CPT, HCPCS, NDC, etc.) utilized in medical coding/billing (UB04/1500 form)
Demonstrated understanding of key managed care concepts and provider reimbursement principles such as risk adjustment, capitation, FFS (Fee-for-Service),
Diagnosis Related Groups (DRG’s), Ambulatory Patient Groups (APG’s), Ambulatory Payment Classifications (APC’s), and other payment mechanisms.
Understanding of value-based risk arrangements
Experience in quantifying, measuring, and analyzing financial, operational, and/or utilization metrics in healthcare
Ability to mine and manage information from large data sources.
Preferred Qualifications
Proficiency with Power BI and/or Tableau for building dashboards
Experience with Databricks
To all current Molina employees: If you are interested in applying for this position, please apply through the intranet job listing.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V.
Pay Range: $66,456 - $129,590 / ANNUAL
Actual compensation may vary from posting based on geographic location, work experience, education and/or skill level.
Lifelancer ( ) is a talent-hiring platform in Life Sciences, Pharma and IT. The platform connects talent with opportunities in pharma, biotech, health sciences, healthtech and IT domains.
For more details and to find similar roles, please check out the below Lifelancer link.