Cost Containment Analyst

HealthEZ-posted 1 day ago

$70,000 - $120,000/Yr

Full-time • Mid Level

Edina, MN

251-500 employees

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HealthEZ is seeking a highly analytical Cost Containment Analyst who combines public health knowledge with business intelligence expertise to identify, analyze, and implement cost-saving opportunities while maintaining quality outcomes. This role requires a unique blend of healthcare understanding and advanced data analytics capabilities to drive financial performance and operational efficiency.

Identify and analyze cost-saving opportunities across programs, operations, and service delivery
Develop and monitor cost containment initiatives, tracking savings and ROI
Partner with department leaders to implement cost reduction strategies while maintaining quality standards
Create financial models to project the impact of proposed interventions and policy changes
Evaluate program effectiveness and cost-effectiveness of healthcare initiatives
Monitor health outcomes metrics in relation to expenditures
Support value-based care initiatives through data-driven insights
Design, develop, and maintain interactive dashboards and reports using Power BI
Write complex SQL queries to extract, transform, and analyze data from multiple sources
Leverage Microsoft Fabric for data integration, analytics, and reporting solutions
Create automated reporting systems to track key performance indicators and cost metrics
Translate complex data findings into clear, actionable insights for stakeholders
Ensure data integrity and accuracy across analytics platforms
Build and maintain data models that support cost containment analysis
Collaborate with IT and data teams to optimize data infrastructure
Develop predictive models to forecast costs and identify risk areas
Conduct ad hoc analyses to support strategic decision-making

Bachelor’s degree in healthcare administration, Business Analytics, Finance, or related field
Advanced proficiency in Power BI (DAX, Power Query, data modeling)
Strong SQL skills for data extraction and analysis
Experience with Microsoft Fabric or similar data platform solutions
Proficiency in Excel (pivot tables, VLOOKUP, advanced formulas)
Experience with data visualization best practices
3-5 years of experience in healthcare analytics, public health, or cost analysis
Proven track record of identifying and implementing cost-saving initiatives
Experience analyzing healthcare claims data, utilization patterns, or program costs
Background in public health programs, population health, or healthcare operation
Understanding of public health principles, metrics, and program evaluation
Knowledge of healthcare finance, reimbursement models, and cost accounting
Familiarity with healthcare data standards (ICD-10, CPT, HCPCS)
Strong analytical and problem-solving abilities
Excellent communication skills with ability to present complex data to non-technical audiences
Project management capabilities and attention to detail

Master's degree preferred (MPH, MHA, MBA, or MS in Analytics/Data Science)
Experience with additional Microsoft tools (Azure, Power Automate, Power Apps)
Knowledge of statistical analysis software (R, Python, SAS)
Experience with healthcare quality metrics (HEDIS, CAHPS, clinical outcomes)
Understanding of value-based care models and alternative payment methodologies
Experience in government health programs (Medicaid, Medicare) or managed care

Employee benefits are part of the competitive total rewards package that HealthEZ provides to you. Our comprehensive benefits program includes health benefits, retirement plan (401k), paid time away, paid leaves (including paid parental leave) and more.

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