Data Strategist

Medica • Minnetonka, MN

108d • $87,100 - $149,300

About The Position

We are seeking a dynamic and experienced Healthcare Strategist to join Medica's Healthcare Economics Team. This role is pivotal in developing and implementing data strategies that drive key business decisions. The ideal candidate will leverage data from various sources to enhance the use of healthcare data, industry standards, and benchmarks to inform stakeholders and support decisions focused on cost optimization, ultimately improving financial performance and patient outcomes. The strategist will also focus on industry trends in pharmacy and medical services, incorporating benchmarking practices to ensure competitive positioning.

Requirements

• 7 years of experience in healthcare analytics or data-driven roles within healthcare or insurance, with a focus on benchmarking tools and methodologies.
• Strong proficiency in data analysis tools (e.g., SQL, Python, R, Excel) and visualization software (e.g., Power BI, Tableau).
• Proven experience in developing and implementing data standards and best practices.
• Proficiency in Microsoft Office (Word, PowerPoint, Excel, Access).
• Strong analytical and problem-solving skills with the ability to interpret complex data sets.
• Excellent written and verbal communication skills.
• Experience working independently and collaboratively in cross-functional teams.

Nice To Haves

• Master's degree in Data Science, Healthcare Analytics, Healthcare Economics, or a related field.

Responsibilities

• Analyze complex healthcare data to identify trends, patterns, and KPIs related to utilization, cost, quality, and member health status.
• Monitor and evaluate industry trends in pharmacy and medical services, including drug pricing, formulary management, and adherence strategies.
• Develop data-driven insights to recommend strategic decisions regarding network development, product design, and risk adjustment strategies.
• Conduct regular assessments of industry trends in pharmacy and medical services (e.g., regulatory changes, payer strategies, emerging therapies).
• Benchmark organizational performance against industry standards and best practices to identify opportunities for improvement and innovation.
• Conduct comparative analyses of Medica's performance against competitors and industry standards, providing insights on core KPIs (e.g., cost, rates, utilization, quality, NPS).
• Create customized reports and dashboards to visualize key metrics and communicate actionable insights to stakeholders.
• Collaborate with business teams to translate data insights into actionable strategies that improve patient care and financial performance.
• Stay updated on emerging data technologies and analytics tools.
• Evaluate and implement new data sources and platforms to support strategic initiatives.
• Present complex analytical concepts and results to both technical and non-technical audiences.
• Manage the lifecycle of data strategy and benchmarking projects, including requirements gathering, scoping, resource planning, and delivery.
• Collaborate with stakeholders to define benchmarking initiatives, deliverables, and timing.
• Partner and represent Medica with key vendors on analytical benchmarking projects.
• Identify high-risk patient populations through data analysis and develop targeted interventions.
• Monitor and evaluate the effectiveness of population health programs using analytics.
• Develop and maintain operating playbooks, workflows, and SOPs for analytics processes.
• Ensure compliance with applicable laws and regulations in analytics practices.
• Perform other duties as assigned.

Benefits

• Competitive medical, dental, vision insurance.
• Paid time off (PTO) and holidays.
• Paid volunteer time off.
• 401K contributions.
• Caregiver services.
• Generous total rewards package.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Professional, Scientific, and Technical Services
• Education Level: Master's degree