Novant Health Business Development and Sales Financial Strategy team develops, evaluates and implements pricing strategies and tactics for all markets, facilities, services and payors across Novant Health. The team creates negotiation analytics and maintains approximately $5B annual operating revenue from commercial and government contracts including performance and value based care. Business Development and Sales Financial Strategy is responsible for all pricing strategy decisions including more than 15 facility charge masters covering every billable item at Novant Health. The Financial Strategy team provides thought leadership and financial analysis for various and new emerging payment arrangements including risk models, episodic contracts and other strategic projects. Companywide pricing strategy, market competitiveness and go-to-market approaches are developed and set for Novant Health by the Business Development & Sales Financial Strategy group.Business Development and Sales responsibilities are constantly evolving and currently represent key components of Novant Health’s strategic imperatives. The department consists of 2 teams: payor relationship management and financial strategy. The Sr. Pricing Analyst role is in the financial strategy group. This group partners with the executive team, facility and medical group leadership, service line administration, and other Consumer Strategy teams to bring transformational ideas to the organization
Candidates must have 5 years of healthcare analysis experience
**This is a Remote Position
We can consider applicants from NC, SC, GA, and VA.
What We're Looking For:
- Education: Bachelor’s Degree in Accounting, Finance, Economics, Health Care Administration or related field, required. Graduate Degree, preferred.
- Experience: Minimum five years of experience in healthcare analysis, required.
- Additional Skills (required):
- Excellent analytical skills and ability to manipulate large data sets from multiple systems using MS Office (including Excel and Access), Familiarity with current common coding practices including CPT4, ICD10CM, and DRGs, as well as current Medicare reimbursement methodologies.
- Knowledge of pricing, healthcare finance, managed care, provider incentives and risk contracting required.
- Ability to distill data to salient information and recommendations to present findings of all analyses in a logical, concise manner required. Excellent communication skills and ability to interact with all levels of management at Novant Health.
- Basic accounting, financial or economic analytic skills
- Additional Skills (preferred):
- Understanding of healthcare alternate payment models, value based care and risk contracts (Commercial and Government segments)
- Health insurance experience
- SQL, SAS/Webi or other database management tool experience
What You'll Do:
- Developing new pricing-related consumer products and strategy
- Conducting thorough analysis of internal and external factors surrounding payor negotiations and renewals as well as ongoing proposal development and evaluation
- Evaluating healthcare total cost of care risk and opportunities for populations
- Predicting downstream impact to Novant Health of changing utilization under risk arrangements
- Developing internal episode initiatives including but not limited to CMS and commercial episodes
- Utilizing internal data systems and external data to drive analyses.