Senior Financial Analyst Managed Care

Location: Burlington, MA
Job ID: 176703-1A
Date Posted: Aug 1, 2022
Category: Professional

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Job Description

Welcome To

Welcome to Shared Services, our team uses a coordinated approach to delivering administrative and operational services across Lahey. Our Shared Services colleagues leverage resources across the organization to ensure we provide high-quality, high-value care to the communities we proudly serve.  The Shared Services team includes colleagues who focus on business and network development, legal services, facilities and real estate, human resources, information technology, finance, philanthropy and marketing and communications.

 

About the Job

 The Senior Financial Analyst reports directly to the Director of Contracting Analytics.  This position provides key support and analyses during rate negotiations with Managed Care Plans and performs functions related to other financial aspects of Beth Israel Lahey Health’s Managed Care Contracts and relationships.  It also requires in-depth business knowledge with specialized technical and analytical skills.  The analyst will be responsible for managing analyses from the conceptualization phase to their conclusion.  The analyst works closely with the Contracting, Beth Israel Lahey Health Performance Network, Revenue Finance and Accounting Departments, as well as externally with the Contracting & Provider Relations staff of the Managed Care Plans.

Essential Duties & Responsibilities including but not limited to:

Designs & performs analyses and reporting in support of managed care contract negotiations including but not limited to Hospital rates, Professional rates, risk terms and language.

  1. Monitors financial performance on risk contracts.
  2. Performs analyses to review and validate Hospital and Professional rate/rate schedule updates
  3. Plays key role in developing and maintaining contract summaries containing comparative information on each contract’s financial terms, key provisions and performance.
  4. Performs ad hoc financial analyses of managed care contracts

Minimum Qualifications:

Education: Bachelor’s degree in Health Care Management, Business Administration, Finance or equivalent education or experience

Experience: 

  1. Three to Five years experience working for a health plan and/or provider
  2. Working knowledge of financial terms of managed care contracts (including but not limited to rates, pay for performance and risk/shared savings models).
  3. Developed and used financial models that are moderate to complex in nature
  4. Worked with large medical claims databases (both Hospital and Professional)

 

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DAYS

About Us

Beth Israel Lahey Health is dedicated to improving health and wellness and making a difference in the lives of our patients, their families and all members of the communities we serve.  Formed in March 2019, Beth Israel Lahey Health is a patient-centered, integrated care delivery system providing a continuum of services spanning academic, tertiary and community hospitals, dedicated orthopedic and psychiatric hospitals, primary and specialty care, community acute care, ambulatory care, behavioral services and home health.  Beth Israel Lahey Health Performance Network is a unified joint contracting and population health management organization, jointly governed by participating physicians and hospitals.

Equal Opportunity Employer/Minorities/Females/Disabled/Veterans.