Analyst, Value Based Contracting

CVS Health

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About The Position

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time. Position Summary As a Value-Based Contracting Analyst you will support network teams on implementation and administration of Value Based Contracting (VBC) agreements. The Value-Based Contracting Analyst is essential for ensuring proactive tracking and facilitating of meeting VBC agreement incentive payment commitments throughout the contract life cycle. The Value-Based Contracting Analyst position is responsible for working with data manipulation and reporting as needed to support increasingly complex requirements to support these deals. As part of the Value-Based Contracting Team, you will take ownership of your portfolio of markets and deals, working collaboratively with negotiators and Network managers as well as Value-Based Contracting VBC partners to ensure we meet our contractual commitments, administer incentive payments and assist in pre-deal evaluation and make recommendations. You will lead enhancements projects and projects manage process improvements. You will serve as a SME on complex questions and guide and train other team members as needed. The larger Value-Based Contracting Team is accountable for analysis of medical costs across lines of business, supporting data for the right pricing and to develop medical cost savings initiatives. We partner with a wide range of business units across the enterprise including other Value-Based Contracting areas and Negotiators.

Requirements

• At least 1 year of professional work experience in finance or managed care.

Nice To Haves

• Be able to work in a fast-paced environment and meet tight deadlines
• Strong analytical, critical thinking, problem solving and communication skills
• Be able to communicate effectively with a diverse audience
• Be resourceful and can quickly and successfully adapt to change
• Working knowledge of SQL and relational databases
• Exposure to SAS or other web-query based programs
• Advanced skills in Microsoft Office Products (Excel, PowerPoint, Access)

Responsibilities

• support network teams on implementation and administration of Value Based Contracting (VBC) agreements
• ensuring proactive tracking and facilitating of meeting VBC agreement incentive payment commitments throughout the contract life cycle
• working with data manipulation and reporting as needed to support increasingly complex requirements to support these deals
• take ownership of your portfolio of markets and deals, working collaboratively with negotiators and Network managers as well as Value-Based Contracting VBC partners to ensure we meet our contractual commitments, administer incentive payments and assist in pre-deal evaluation and make recommendations
• lead enhancements projects and projects manage process improvements
• serve as a SME on complex questions and guide and train other team members as needed
• accountable for analysis of medical costs across lines of business, supporting data for the right pricing and to develop medical cost savings initiatives

Benefits

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees