Financial Analyst I-Rate Specialist (Full Time, Remote, North Carolina Based)

The Rate Specialist updates and monitors provider rates. This position will ensure the rates paid to providers for Medicaid, State, and other member services are aligned with cost-based methods that are both financially viable for Alliance and that will financially support the provider and promote quality of services to members

Responsibilities & Duties-

Maintain Alliance rates

• Maintain and update rates within the Alliance Claims System (ACS) according to the applicable benefit plan and ensure the integrity of the rates data in the system
• Ensure that rates are in line with Medicaid published rates where applicable
• Update and track provider and member specific enhanced rates by specific categories of service
• Complete service rate changes and initializations
• Develop and maintain process flows and procedures to address all aspects of rate setting and maintenance 
• Maintain Alliance published rate schedule

Conduct regular reviews of State published material

• Maintain knowledge of internal and external healthcare fee schedules and analyze comparable provider rates from other payers
• Participate as needed in conversations with NC Department of Health and Human Services (NC DHHS) regarding rates
• Regularly review rate material published by NC DHHS and prepare rate updates according to contractual requirements

Financial Analysis

• Conduct financial analysis in response to rate change requests
• Work closely with Provider Networks and/or Clinical Operations to analyze payment methodologies for In Lieu of Services and Alternative Payment Arrangements
• Collaborate on new provider rate projects and other strategies to develop financially viable payment structures
• Work with EVP/Chief Financial Officer and Finance Manager in developing reimbursement rate offers for providers, including accurate, easy-to-understand analysis of the negotiated rates for communications with providers

Customer Support

• Assist with internal and external inquires to resolve provider reimbursement issues
• Collaborate with Provider Networks in communicating to provider community
• work closely with the Claims Department, Provider Networks, Information Technology, and Utilization Management Departments

Improve reporting and input capabilities

• Evaluate all internal (MicroStrategy) reports related to provider or member rates for their usefulness and accuracy. Recommend changes to aid in the ability to enhance and effectively manage our rates and reporting process
• Work with IT to develop processes for easier rate updates in ACS
• Help develop routine and ad-hoc reports for internal review

Associates Degree in Business Administration, Finance, Public Policy, Hospital Administration, or related field and at least four (4) years of related experience in financial analysis with demonstrated capacity to independently draw inferences and to communicate findings or an equivalent combination of education and experience.

Or

Bachelor’s Degree in Business Administration, Finance, Public Policy, Hospital Administration, or related field and at least two (2) years of related experience in financial analysis with demonstrated capacity to independently draw inferences and to communicate findings 

Additional Training Preferred:

A background in managed healthcare, insurance operations preferred

• Considerable knowledge of standardized accounting practices and principles
• Knowledge of program components and accounting processes.
• Knowledge of accounting and auditing principles and practices.
• Skill in communicating, both orally and in written form.
• Advanced skills with Microsoft products, particularly Excel and Access
• Ability to apply and explain accounting practices.
• Ability to interpret and analyze accounting data.
• Ability to interpret and apply common to moderately complex Federal and State fiscal regulations
• Ability to analyze and correct financial problems and accounting errors.
• Ability to prepare interpretive or analytical Accounting or financial reports
• Ability to determine compliance with pertinent guidelines, rules, regulations, and laws.

$61,439 - $78,335/Annually