Medical Economics Analyst

Healthcare Outcomes Performance Co. (HOPCo)•Phoenix, AZ

15h•Hybrid

About The Position

The Medical Economics Analyst leads or participates in complex medical economic projects, focusing on medical cost savings, trend analysis, and risk assessment. This role involves applying statistical methods to develop and execute algorithms, statistical models, and reporting tools to address business questions. Key responsibilities include providing medical cost trend analytics, assessing variances, forecasting contract terms for health insurer and provider clients, and making recommendations on data collection and evaluation methods. The analyst develops studies and presentations for decision-makers, works cross-functionally, and ensures project quality and timely deliverables. The position requires a willingness to delve into technical details, ensure data integrity, and conduct sophisticated analyses independently.

Requirements

Bachelor’s degree preferred. Undergraduate degree in math/actuarial, business, finance, or related field preferred.
3+ years in health insurance, value-based care, or healthcare administration.
2+ years of experience analyzing healthcare claims and eligibility data, including: Medical cost, trend, and variance analysis. Identification of cost management opportunities. Medical economics analysis and reporting. Statistical analysis and data modeling.
2+ years of experience analyzing capitated and fee-for-service provider contracts across: Medicare, Medicare Advantage, Commercial, and Medicaid plans.
2+ years working with database management systems (e.g., SQL Server, DB2, SAS).
Proficiency in SQL and healthcare data analytics.
Experience with reporting tools such as Power BI (or similar).
Advanced skills in Microsoft Excel; working knowledge of Word, PowerPoint, and Access.
Proficiency in statistical methods of data analysis.
Understanding of medical cost drivers and provider reimbursement methodologies.
Strong problem solving, analytical, and project management skills.
Demonstrated extensive and diverse knowledge of health care data, metrics, systems, and standards; demonstrated subject matter expert in multiple subject areas.
Ability to make sound decisions and recommendations to drive business solutions.
Ability to communicate statistical and technical ideas and results to non-technical clients.
Ability to work independently and complete projects within established timeframes.
Self-starter and ability to juggle competing priorities.
General business/demonstrated business and industry acumen.
General business/turning data into information.
Finance/delivering profit and performance.

Nice To Haves

Experience with actuarial analysis and methodologies.

Responsibilities

Leads or participates in complex medical economic projects (e.g., medical cost savings, trend, and risk assessment initiatives) including identification and completion of key deliverables.
Apply statistical analysis methods to develop, validate, and execute algorithms, statistical models, and reporting tools that answer applied research and business questions for internal and external clients.
Provide medical cost trend analytics, assess variance to expectations, and determine forecasted contract terms for health insurer and risk bearing provider clients.
Makes recommendations about data collection methods, metrics definition, and evaluation methods.
Develops studies, analyses, and presentation materials needed to appropriately inform decision makers. Presents results and recommendations to management across VBC teams.
Works cross-functionally throughout the organization toward achieving operational targets.
Presents complex information in a way that multiple levels within an organization can understand and utilize to make appropriate decisions to meet business objectives.
Responsible for project commitments to quality and on-time deliverables.
Willingness to understand and probe into technical details.
Creates and evaluates the data needs of assigned projects and assures the integrity of the data.
Works independently to plan and conduct sophisticated analyses.
Other duties as assigned.