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Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.
Position Summary
As a Medical Economics Senior Analyst, you will support local market network teams on the implementation and administration of Value Based Contracting (VBC) agreements. The Medical Economics Senior Analyst is essential for ensuring proactive tracking and facilitating of meeting VBC agreement incentive payment commitments throughout the contract life cycle. This position is responsible for working with scorecards, reconciliation payment requests, and reporting as needed to support increasingly complex requirements for incentive payments on these deals.
Preferred Qualifications
As part of the Value Based Team, you will take ownership of your portfolio of markets and deals, working collaboratively with negotiators, Network managers, and Value Based partners to ensure we meet our contractual commitments, administer incentive payments, assist in pre-deal evaluation, and make recommendations. You will participate in enhancement projects and process improvements. The larger Value Based Team is accountable for the analysis of Value based arrangements across lines of business, supporting data for the right pricing, and assisting our provider partners to achieve improved outcomes for our members. We partner with a wide range of business units across the enterprise including other Finance areas and Contract Negotiators.
Required Qualifications
- 2+ years of Excel experience in a professional and/or academic setting
Preferred Qualifications
- 2 or more years in the managed care industry with exposure to value-based contracting
- 1 or more years of experience with financial analysis and/or administrative claims data
- Ability to work in a fast-paced environment and meet tight deadlines
- Strong analytical, critical thinking, problem-solving, and communication skills
- Possess analytical and problem resolution skills
- Ability to communicate effectively with a diverse audience
- Resourceful and able to quickly and successfully adapt to change
- Working knowledge of SQL and relational databases
- Exposure to SAS or other web-query based programs
- Advanced skills in Microsoft Office Products (Excel, PowerPoint, Access)
Education
Bachelor's degree or equivalent work experience required
Pay Range
The typical pay range for this role is: $46,988.00 - $112,200.00. This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography, and other relevant factors. This position is eligible for a CVS Health bonus, commission, or short-term incentive program in addition to the base pay range listed above.
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long-term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time, and other time off are provided consistent with relevant state law and Company policies.
For more detailed information on available benefits, please visit Benefits | CVS Health .
We anticipate the application window for this opening will close on: 11/15/2024.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws.
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