Executive Director Medical Economics

Health Care Service Corporation • Helena, MT

10d • Hybrid

About The Position

At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers. Join HCSC and be part of a purpose-driven company that will invest in your professional development. Job Summary This position is responsible for leading enterprise-wide medical economics strategy to improve the way we analyze medical cost, and how we surface insights to cross-functional stakeholders to help design initiatives to improve medical value. It is the business owner for our Medical Economics Engine (MEE), creating program strategy, defining requirements for capability builds, collaborating with cross-functional executive leaders to provide actionable insights. This is a hybrid role and requires in-office hours 3 days a week at the respective office location.

Requirements

• Bachelor’s degree in finance, Actuarial Science, Healthcare Economics, or related field.
• 12 years of experience in healthcare analytics, medical economics, or financial modeling analysis or 10 years of experience in healthcare analytics, medical economics, or financial modeling analysis with an advanced degree
• 7 years’ experience in a leadership capacity; ability to lead a team of internal subject matter experts and external strategic advisors

Nice To Haves

• Actuarial certification (FSA, etc.).
• MBA, Master of Finance, Master of Medical Economics, or similar advanced degree.
• SQL skills or equivalent querying tools experience.
• Analytics leadership experience with a health insurance payer or provider

Responsibilities

• Medical Economics Engine (MEE) Development: • Lead the development of our medical economics engine by setting program strategy, defining requirements for capability builds, and overseeing testing and delivery
• Collaborate with cross-functional stakeholders (executive leadership, Network, Healthcare Mgmt., etc.) to help define overall program strategy
• Own the business requirements and functional strategy for all components of the MEE platform, partnering with delivery (data, IT) teams to oversee feature prioritization, deployment, change mgmt., and user adoption
• Ensure MEE reporting and analytics effectively supports business needs
• Value Improvement (VI) Support • Serve as a core leader for the Value Improvement task force – helping to identify and analyze key cost drivers in healthcare services and ensuring actionable insights are derived to reduce costs and improve value
• Gather, synthesize, and present timely and actionable insights on emerging trends, cost drivers, and outlier behaviors – enabling cross-functional leaders to make informed decisions on medical cost containment
• Act as the primary point of contact for cross-functional program leads (Healthcare Mgmt., Network, Payment Integrity, PMO, etc.) on medical cost trends and insights
• Assist in shortening timelines from opportunity identification to delivery of value improvement, and identify other opportunities to improve the VI process
• Team Development & People Mgmt. • Direct, coach, and develop team members— from the Director to individual contributor levels
• Build the team to support development of additional capabilities (program strategy, AI-enabled insights, etc.)
• Foster a collaborative team environment, set goals, monitor performance, and support professional development.

Benefits

• At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work.
• From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees.
• Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.
• This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.

What This Job Offers

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