Payer Contracting Financial Analyst - Remote

ABOUT SOUND

Headquartered in Tacoma, WA, Sound Physicians is a physician-founded and led, national, multi-specialty medical group made up of more than 1,000 business colleagues and 4,000 physicians, APPs, CRNAs, and nurses practicing in 400-plus hospitals across 45 states. Founded in 2001, and with specialties in emergency and hospital medicine, critical care, anesthesia, and telemedicine, Sound has a reputation for innovating and leading through an ever-changing healthcare landscape — with patients at the center of the universe. 

Sound Physicians offers a competitive benefits package inclusive of the items below, and more: 

• Medical insurance, Dental insurance, and Vision insurance 
• Health care and dependent care flexible spending account 
• 401(k) retirement savings plan with a company match 
• Paid time off (PTO) begins accruing immediately upon start date at a rate of 15 days per year, in accordance with Sound's PTO policy
• Ten company-paid holidays per year   

ABOUT THE ROLE

The Payer Contracting Financial Analyst is a key analytical team member reporting to the Sr. Manager Payer Contracting Analytics and Strategy.  In collaboration with the business leadership and other centralized functions such as accounting, revenue cycle, corporate finance, IT, etc. this individual will be critical to the analytical support of contract negotiations, contract strategy development and decision support to these important financial conversations in the organization. 

The Details: 

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Contract Negotiation Support: Offering detailed analytical support and analyses to payer contract negotiations, utilizing insights derived from data analysis

• Contract Strategy Development: Providing analytical support to cross-functional teams in developing and refining strategic approaches to payer contracting

• Data Analysis and Insights: Conducting comprehensive analysis of healthcare data, including billing data, fee schedules, financial reports, and market trends, to generate actionable insights and recommendations for all aspects of payer contracting

• Reporting and Presentation: Preparing and presenting detailed reports and presentations for the Payer Contracting and Finance teams, synthesizing complex analytical findings into clear and actional insights to inform strategic decision making and drive organizational growth

• Continuous Improvement: Driving continuous improvement in contracting processes and analytics capabilities through the integration of technology, best practices, and innovation, aiming to enhance efficiency, accuracy, and strategic alignment

• Budgeting and Forecasting: Supporting annual budgeting and periodic forecasting process.  Detailed analyses will inform assumptions throughout the organization on contracting changes and corresponding revenue implications

VALUES

• Resourceful: Proactive willingness to utilize available information and tools to figure things out

• Adaptable: Demonstrates flexibility and a willing ness to change as circumstances evolve

• Collaborative:  Demonstrates the ability to work well with others to accomplish a goal and get the work done; takes opinions of others into consideration; includes others in the decision-making process

• Intellectually curious: Demonstrates a genuine interest in learning new things and wants to know the reason “why” behind the way things are done

• Communication: The ability to speak, write, and listen clearly and consistently

• Relationship Building and Maintenance: The ability to create and nourish healthy, strong relationships within the Finance team and Payer contracting organization

KNOWLEDGE, SKILLS AND ABILITIES

• Proficiency with Microsoft Office Suite

• Analytical, data driven decision maker

• Strong data, excel and presentation skills

• Knowledge of healthcare regulations, reimbursement mechanisms, and the financial drivers within the healthcare sector

• Experience reading and synthesizing complex contracts

EDUCATION AND EXPERIENCE

• Bachelor’s degree in healthcare administration, Business, Finance, Statistics, Data Analytics or related area

• 2-3 years of experience in healthcare, ideally in payer contracting, healthcare analytics, medical economics, finance or a similar role

$75,000-$95,000 annually. Exact pay will be determined based on candidate experience and geographic location.

Sound Physicians is an Equal Employment Opportunity (EEO) employer and is committed to diversity, equity, and inclusion at the bedside and in our workforce. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, gender identity, sexual orientation, age, marital status, veteran status, disability status, or any other characteristic protected by federal, state, or local laws. 

This job description reflects the present requirements of the position.  As duties and responsibilities change and develop, the job description will be reviewed and subject to amendment.