Sr Risk Adjustment Analyst

Posted 24 Days Ago
Be an Early Applicant
New York, NY, USA
In-Office
73K-120K Annually
Senior level
Healthtech • Insurance
The Role
Analyzes healthcare plan financial performance, medical costs, utilization, revenue trends, provider reimbursement, contracts, and fee schedules. Builds financial models, conducts ROI and ad hoc analyses, monitors Medicaid and Medicare reforms, supports cost-reduction initiatives, and provides recommendations to management and internal stakeholders. Collaborates with finance, clinical, operations, medical management, and provider network teams while managing multiple departmental projects.
Summary Generated by Built In
The Senior Healthcare Analyst provides support through the research and investigation of business issues related to cost, utilization, and revenue data for multiple Healthfirst products. The HCA will identify/monitor cost and utilization trends and the root causes in health plan trend performance and provide recommendations for solutions. The HCA will interact with divisional subject matter experts, clinical partners, finance, and other areas of the organization to provide support in various tasks related to achieving business objectives. The HCA will contribute to a broad set of projects across the department. This position requires an individual with emerging skills who enjoys working in a fast paced and challenging environment. The HCA works in partnership with other areas of Finance to provide key insights and analysis to our internal stakeholders across departments like operations and medical management as well as our external hospital and provider networks.

Job Description

    • Analyze the financial performance of all Healthfirst products, identify favorable and unfavorable trends, develop recommendations to improve trends, communicate recommendations to management.
    • Create financial models to evaluate the impact of provider reimbursement changes.
    • Gather data and conduct ad hoc analyses as directed by other department team members and assist with the development and presentation of analytical data reports.
    • Support department projects related to medical cost reduction initiatives.
    • Assist with Return on Investment (RoI) analyses for vendors to determine if their financial and clinical performance is achieving desired results.
    • Keep abreast of New York Medicaid and Medicare reforms and their impact on Healthfirst and their owner hospital performance.
    • Provide support to the department’s performance improvement work groups.
    • Monitor costs and revenue trends and assist in understanding trends.
    • Understand and analyze impacts of new program changes.
    • Responsible for creating, modifying, and updating analysis for Provider Organizations.
    • Responsible for contract analysis and fee schedule modeling.
    • Maintain current project logs and work plans on assignments.
    • Additional duties as assigned

 

Minimum Requirements:

    • Bachelor's degree or higher from an accredited institution with a concentration in Finance, Accounting, Business, Public Health, Healthcare Policy, or Healthcare Administration
    • 3+ years of related experience
    • Self-motivated, creative problem solver who can work independently and collaborate through strong communication and interpersonal skills.
    • Strong project management experience and ability to handle multiple projects in a fast-paced environment.
    • Current or previous work experience in healthcare
    • Experience with analyzing medical cost and utilization trends
    • Knowledge of Medicaid and Medicare programs
    • Skills in Excel

Preferred Qualifications:


    • Experience in modeling financial impact of provider reimbursement changes
    • Skills in SAS, Python, R, Tableau, or a similar coding language
    • Experience in modeling financial impact of provider reimbursement changes

WE ARE AN EQUAL OPPORTUNITY EMPLOYER.  HF Management Services, LLC complies with all applicable laws and regulations. Applicants and employees are considered for positions and are evaluated without regard to race, color, creed, religion, sex, national origin, sexual orientation, pregnancy, age, disability, genetic information, domestic violence victim status, gender and/or gender identity or expression, military status, veteran status, citizenship or immigration status, height and weight, familial status, marital status, or unemployment status, as well as any other legally protected basis. HF Management Services, LLC shall not discriminate against any disabled employee or applicant in regard to any position for which the employee or applicant is otherwise qualified.

If you have a disability under the Americans with Disability Act or a similar law and want a reasonable accommodation to assist with your job search or application for employment, please contact us by sending an email to [email protected] or calling 212-519-1798 . In your email please include a description of the accommodation you are requesting and a description of the position for which you are applying. Only reasonable accommodation requests related to applying for a position within HF Management Services, LLC will be reviewed at the e-mail address and phone number supplied. Thank you for considering a career with HF Management Services,  LLC.

Know Your Rights

All hiring and recruitment at Healthfirst is transacted with a valid “@healthfirst.org” email address only or from a recruitment firm representing our Company. Any recruitment firm representing Healthfirst will readily provide you with the name and contact information of the recruiting professional representing the opportunity you are inquiring about. If you receive a communication from a sender whose domain is not @healthfirst.org, or not one of our recruitment partners, please be aware that those communications are not coming from or authorized by Healthfirst.  Healthfirst will never ask you for money during the recruitment or onboarding process.

Hiring Range*:

  • Greater New York City Area (NY, NJ, CT residents): $83,100 - $120,360

  • All Other Locations (within approved locations): $73,400 - $109,225

As a candidate for this position, your salary and related elements of compensation will be contingent upon your work experience, education, licenses and certifications, and any other factors Healthfirst deems pertinent to the hiring decision.

In addition to your salary, Healthfirst offers employees a full range of benefits such as, medical, dental and vision coverage, incentive and recognition programs, life insurance, and 401k contributions (all benefits are subject to eligibility requirements). Healthfirst believes in providing a competitive compensation and benefits package wherever its employees work and live.

*The hiring range is defined as the lowest and highest salaries that Healthfirst in “good faith” would pay to a new hire, or for a job promotion, or transfer into this role.

Skills Required

  • Bachelor's degree or higher in Finance, Accounting, Business, Public Health, Healthcare Policy, or Healthcare Administration
  • 3 or more years of related experience
  • Healthcare work experience
  • Experience analyzing medical cost and utilization trends
  • Knowledge of Medicaid and Medicare programs
  • Strong Excel skills
  • Ability to work independently and collaborate effectively
  • Strong project management skills and ability to manage multiple projects
  • Experience modeling the financial impact of provider reimbursement changes
  • Skills in SAS, Python, R, Tableau, or similar coding language

Healthfirst, Inc Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Healthfirst, Inc and has not been reviewed or approved by Healthfirst, Inc.

  • Healthcare Strength — Healthcare coverage is positioned as a comprehensive offering, including medical/dental/vision options and additional mental-health support through Spring Health. Wellness credits and disability coverage further strengthen the perceived breadth of health-related support.
  • Leave & Time Off Breadth — Time off appears robust, with paid time off plus a set of paid holidays and additional early office-closure days. A designated Social Justice day and noted parental/bereavement leave options add to the overall leave breadth.
  • Retirement Support — Retirement support is framed around a 401(k) program with a company match that can reach a meaningful level after a tenure milestone. This match is repeatedly highlighted as a notable component of total rewards value.

Healthfirst, Inc Insights

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The Company
HQ: New York, NY
3,909 Employees
Year Founded: 1993

What We Do

Healthfirst is a provider-sponsored health insurance company that serves 1.8 million members in downstate New York. Healthfirst offers top-quality Medicaid, Medicare Advantage, Child Health Plus, and Managed Long Term Care plans. Healthfirst Leaf Qualified Health Plans and the Healthfirst Essential Plan are offered on NY State of Health, The Official Health Plan Marketplace. Healthfirst offers Healthfirst Pro and Pro Plus, Exclusive Provider Organization (EPO) plans for small-business owners and their employees, and Healthfirst Total, an EPO for individuals. For more information on Healthfirst, visit www.healthfirst.org

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