Hospital Reimbursement Analyst

Medical Mutual•Cleveland, OH

4d•Hybrid

About The Position

Medical Mutual employees must submit their applications through MySource. Note: The Hospital Reimbursement Analyst should have a strong understanding of hospital reimbursement methodologies. This is a hybrid role requiring 3 days per week on-site in our Brooklyn, Ohio office. Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.2 million members through our high-quality health, life, disability, dental, vision and indemnity plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement, and individual plans. Performs routine to moderately complex financial analyses to support provider contracting strategies for Professional Providers. Begins to gain exposure to Institutional Provider analytics. Collaborates with Network Management and senior analysts to deliver actionable insights that support business initiatives and decision-making. Maintains market intelligence and contributes to the evaluation of network performance.

Requirements

Bachelor’s degree in business or healthcare administration, finance, accounting, or related field. Equivalent education and experience directly related to the role may substitute for a degree.
3-4 years of experience as a Provider Reimbursement Analyst or equivalent progressive health care administration experience with an emphasis on Provider Contracting/Network Management.
Intermediate Microsoft Office Excel, Word, Access, and PowerPoint
Working knowledge of SAS and/or SQL; knowledge of writing queries and analytical reports preferred.
Ability to quickly learn and use software business intelligence tools.
Experience working with relational databases.
5 years of experience as a Provider Reimbursement Analyst or equivalent progressive health care administration experience with an emphasis on Provider Contracting/Network Management.
Advanced financial analysis skills including forecasting and payment modeling.
Advanced computer skills including Excel, Word, Access, and PowerPoint.
Ability to utilize SAS programming language in assigned analysis.
Ability to quickly learn and use software BI tools.
Experience working with relational databases.
Ability to apply technical skills and operational knowledge to produce actionable results and analysis.

Nice To Haves

Knowledge of writing queries and analytical reports preferred.

Responsibilities

Develop complex deal models in collaboration with Network Management to support contracting.
Analyze performance using utilization, cost, contract valuation, competitive benchmarks, and financial impact metrics.
Communicate findings to support decision-making.
Support rate strategy development by identifying opportunities to optimize contracted rates and protect favorable structures through financial analysis.
Update and validate provider rate loading to ensure accuracy and compliance with contract terms.
Analyze emerging payment models and pricing strategies.
Apply knowledge of commercial and Medicare reimbursement policies to inform contracting decisions.
Provide tactical support to senior analysts by extracting, cleaning, and preparing data for robust quantitative analysis.
Forecast contract rates and utilization trends.
Build financial models and ‘what-if’ scenarios using claims and healthcare data.
Assist in building and validating rate methodologies.
Ensure documentation is clear, repeatable, and aligned with update timelines.
Interpret complex contract language to assess financial implications of proposed changes.
Performs other duties as assigned.
Collaborate with Network Management to shape rate strategies and contract methodologies that optimize financial outcomes.
Identify opportunities to enhance or safeguard favorable rate structures by analyzing the financial impact of corporate initiatives, including policy changes.
Deliver strategic insights through clear communication of recommendations, analytical summaries, and presentations to senior leadership.
Build and refine complex deal models in collaboration with Network Management to support contracting efforts.
Apply advanced analytical techniques and business acumen to evaluate deal projections, benchmark performance, and assess financial impacts using utilization data, cost trends, contract valuation, and competitive analysis.
Ensure accuracy and consistency in provider rate loading through regular updates and quality assurance reviews.
Mentor and guide junior analysts, providing training, support, and quality oversight.
Serve as a resource for resolving complex analytical and operational issues.
Partner with Actuaries and Underwriting to assess regional financial impacts of contracted rates and support short- and long-term forecasting.
Develops, builds and quality checks Institutional Reimbursement Methodologies, ensuring documentation around each build is clear and repeatable.
Documents what Methodologies need to be updated when.
Forecasts contract rates, utilization trends and creates financial models using claims and other healthcare data.
Creates ‘what if’ scenarios to help guide analytical decision making.
Interpret complex contract language to assess financial implications of proposed changes and support negotiation strategies.
Investigate claim disputes to validate pricing accuracy and conduct root cause analysis on inquiry data.
Recommend system enhancements, targeted training, and process improvements to mitigate future errors and strengthen operational integrity.
Performs other duties as assigned.

Benefits

We will provide the equipment you need for this role, including a laptop, monitors, keyboard, mouse and headset.
On-site fitness centers at many locations, or a gym membership reimbursement when there is no Medical Mutual facility available. Enjoy the use of weights, cardio machines, locker rooms, classes and more.
On-site cafeteria, serving hot breakfast and lunch, at the Brooklyn, OH headquarters.
Discounts at many places in and around town, just for being a Medical Mutual team member.
The opportunity to earn cash rewards for shopping with our customers.
Business casual attire, including jeans.
Employee bonus program.
401(k) with company match up to 4% and an additional company contribution.
Health Savings Account with a company matching contribution.
Excellent medical, dental, vision, life and disability insurance — insurance is what we do best, and we make affordable coverage for our team a priority.
Access to an Employee Assistance Program, which includes professional counseling, personal and professional coaching, self-help resources and assistance with work/life benefits.
Company holidays and up to 16 PTO days during the first year of employment with options to carry over unused PTO time.
After 120 days of service, parental leave for eligible employees who become parents through maternity, paternity or adoption.
Career development programs and classes.
Mentoring and coaching to help you advance in your career.
Tuition reimbursement up to $5,250 per year, the IRS maximum.
Diverse, inclusive and welcoming culture with Business Resource Groups.