Economist

Become a part of our caring community and help us put health first
 Become a part of our caring community and help us put health first.
Humana is seeking a data-driven and detail-oriented Economist to join our Pharmacy Analytics and Consulting team. In this role, you will play a pivotal part in our forecasting and analytics functions. Your focus will be on understanding, analyzing, and reporting the results of simulations which seek to estimate the financial and utilization impacts of various regulatory, benefit, or market changes. Additionally, you will identify and analyze key variances between actual outcomes and projections to improve accuracy of our drug cost projection models. Your insights and analyses will directly inform business decisions, highlight emerging trends, and support strategic opportunities.
This position offers the opportunity to apply your economic skills in a highly impactful healthcare setting while collaborating with industry experts. Work done in this role could potentially be published externally depending on content, although publication is not an expectation.

Use your skills to make an impact
 

Role Responsibilities

• Conduct impact and scenario analysis to understand how different factors such as health policies, market changes, and initiatives contribute to projections, with a focus on sensitivity analysis to assess how changes in variables alter outcomes.
• Analyze and explain variances between current and prior projections to uncover key drivers of changes.
• Investigate discrepancies between projections and actual outcomes, providing detailed explanations for observed variances.
• Monitor and analyze emerging trends, providing timely and proactive insights that can influence business strategies.
• Develop comprehensive reports detailing the impact of key trend contributors.
• Support the development of drug cost and utilization projection tools, enhancing forecasting accuracy.
• Contribute to the development of time series forecasting models, ensuring reliable projections that inform strategic planning.
• Respond to ad hoc requests from partners as it relates to drug utilization and costs for various cohorts.
• Documentation & Quality Assurance - maintain thorough documentation of models, methods, and assumptions. Implement best practices to ensure reproducibility of work.
• Peer Review - conduct reviews of similar/adjacent work done by other analytics associates and provide feedback on methods, assumptions, and validate the soundness of their results (when experienced enough to do so).

Use your skills to make an impact
 

Required Qualifications

• Master’s degree in economics, statistics, applied mathematics, or a related quantitative discipline.
• Three years of experience in analytics, forecasting and using data to drive business outcomes and decisions.
• Strong analytical skills with experience in scenario and sensitivity analysis.
• Proficiency in data analysis software including SAS, SQL, Python, R, and Excel.
• Ability to work cross-functionally with other data and analytics associates (informaticists, data scientists, actuaries) to communicate results in a clear and concise manner.
• Strong attention to detail and a proactive approach to problem-solving.

Preferred Qualifications

• Experience with Pharmacy Benefit Manager, Pharmacy, Health Insurance, or Healthcare data
• Experience with time-series based causal modeling or development of projection tools.
• Familiarity with business intelligence tools such as Power BI.

Scheduled Weekly Hours

40

Pay Range

The compensation range below reflects a good faith estimate of starting base pay for full time (40 hours per week) employment at the time of posting. The pay range may be higher or lower based on geographic location and individual pay will vary based on demonstrated job related skills, knowledge, experience, education, certifications, etc.

$65,000 - $89,500 per year

This job is eligible for a bonus incentive plan. This incentive opportunity is based upon company and/or individual performance.

Description of Benefits

Humana, Inc. and its affiliated subsidiaries (collectively, “Humana”) offers competitive benefits that support whole-person well-being. Associate benefits are designed to encourage personal wellness and smart healthcare decisions for you and your family while also knowing your life extends outside of work. Among our benefits, Humana provides medical, dental and vision benefits, 401(k) retirement savings plan, time off (including paid time off, company and personal holidays, volunteer time off, paid parental and caregiver leave), short-term and long-term disability, life insurance and many other opportunities.
About us
 Humana Inc. (NYSE: HUM) is committed to putting health first – for our teammates, our customers and our company. Through our Humana insurance services and CenterWell healthcare services, we make it easier for the millions of people we serve to achieve their best health – delivering the care and service they need, when they need it. These efforts are leading to a better quality of life for people with Medicare, Medicaid, families, individuals, military service personnel, and communities at large.

Equal Opportunity Employer

It is the policy of Humana not to discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or veteran status. It is also the policy of Humana to take affirmative action to employ and to advance in employment, all persons regardless of race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, genetic information, disability or protected veteran status, and to base all employment decisions only on valid job requirements. This policy shall apply to all employment actions, including but not limited to recruitment, hiring, upgrading, promotion, transfer, demotion, layoff, recall, termination, rates of pay or other forms of compensation and selection for training, including apprenticeship, at all levels of employment.