Consultant, Payment Intelligence

AArete • Chicago, IL

11d • $84,000 - $102,000

About The Position

AArete is one-of-a-kind when it comes to consulting firm culture.
We’re a global, innovative management and technology consulting firm, with offices in the U.S., India, and the U.K. Our name comes from the Greek word for excellence: “Areté.” And excellence is exactly what we strive for.
Our success starts with enriching and empowering our people. From robust career development planning to competitive life and wellness benefits, AArete’s “Culture of Care” takes a holistic approach to the employee experience.
AAretians (our team members) are leaders at every level. You are encouraged to unlock your full potential by directly contributing to our mission and prioritizing space for personal development and fulfillment.
The Role
Health plans face continued challenges in reimbursing claims on-time and accurately. AArete’s consulting service line, Payment Intelligence®, goes beyond typical payment integrity to ensure erroneous and inefficient payments are identified, rectified, and recouped to prevent them in the future. Our Payment Intelligence® team addresses issues with payment policies, provider contracts, provider data, covered benefits, member eligibility and prior authorizations.
In this role, the individual will be responsible for client delivery of Payment Intelligence®. The position will report to a Payment Intelligence® Manager. The individual will be the subject matter expert on strategies to help our clients ensure proper claims payment through the use of (1) claims analytics, (2) process improvements, (3) integration of automation/technology, and (4) configurations setups. This role will support the internal development of Payment Intelligence initiatives including research and interpretation of healthcare policies and regulations, and experience in claims editing.
Work You’ll Do
Support the development, identification and analysis of payment accuracy opportunities through remediation with client counterparts
Utilize analytics to identify claims payment opportunities through your knowledge of standard payment methodologies including Prospective Payment Systems (IPPS/OPPS), fee for service, Groupers, RUG, etc.
Support process improvements and automation initiatives for clients
Conduct research on current events, changes in regulatory requirements and market trends impacting health plan reimbursement
Contribute to the preparation of client ready deliverables with clear and actionable insight
Exercise sound judgement and clear and direct communication in all aspects of your work
Other duties as assigned

Requirements

• 2+ years of experience in a role within consulting, provider revenue cycle, a payment integrity vendor, and/or a payer organization
• Foundational knowledge of claims processing across multiple lines of business, including Medicare, Medicaid, ACA/Marketplace, Commercial, and Duals
• Experience across various spend areas, including professional, ancillary, outpatient, and inpatient services
• Ability to identify and analyze mispaid claims to ensure accuracy and compliance
• Knowledge of industry vendors and tools related to claims processing, provider data, and contract management
• Understanding of end-to-end claims processes, including claims management, provider lifecycle, and network optimization
• Strong professional communication skills, including written, verbal, interpersonal, and in-person presentation expertise
• Experience coaching and mentoring team members
• Advanced proficiency utilizing Microsoft Excel
• Strong analytical, data interpretation, and problem-solving skills
• Ability to identify client savings opportunities and develop actionable business cases
• Bachelor’s Degree or equivalent
• Direct client interaction with possible travel to client locations
• Must be legally authorized to work in the United States without the need for employer sponsorship

Nice To Haves

• Policy & Claims Editing Expertise
• Research and interpretation of healthcare policies and regulations
• Experience in reimbursement policy writing and claims editing
• Proficiency in data mining to detect errors and inconsistencies
• Ability to crosswalk and compare edits and policies
• Knowledge of claims editing processes, including Prepay/Post-Pay, COB, Subrogation, Fraud Detection, and Medical Record Reviews
• Contract Configuration & Provider Data Expertise
• Interpretation of provider contract terms and pricing methodologies, including fee schedules, per diem, DRGs, cost-plus, and outlier payments
• Understanding of contract carve-outs, including bundled services, readmissions, and reductions
• Experience in contract pricing and claims reimbursement analysis
• Ability to price and reprice claims based on contractual agreements
• Understanding of provider TIN and NPI relationships
• Knowledge of the provider lifecycle, including Credentialing, Data Management, Contracting, and Configuration
• Familiarity with network processes, including Optimization, Adequacy, and Pricing
• Experience with SQL or other query languages
• Familiarity with claims adjudication systems (e.g., Facets, QNXT, Amisys, etc.)
• Based in Chicago, IL, and flexible to work from our Chicago office as needed

Responsibilities

• Support the development, identification and analysis of payment accuracy opportunities through remediation with client counterparts
• Utilize analytics to identify claims payment opportunities through your knowledge of standard payment methodologies including Prospective Payment Systems (IPPS/OPPS), fee for service, Groupers, RUG, etc.
• Support process improvements and automation initiatives for clients
• Conduct research on current events, changes in regulatory requirements and market trends impacting health plan reimbursement
• Contribute to the preparation of client ready deliverables with clear and actionable insight
• Exercise sound judgement and clear and direct communication in all aspects of your work
• Other duties as assigned

Benefits

• Flexible PTO, monthly half-day refuels, volunteer time off, 10 paid holidays
• Own Your Day flexible work policy
• Competitive majority employer-paid benefits: Medical, Dental, Vision, 401K Match
• Generous paid parental leave options
• Employer paid Life Insurance, STD, LTD
• Charitable contribution matching program
• New client commission opportunities and referral bonus program
• Bike share discount program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees