Managed Care Specialist

Company: Sonic Healthcare USA
Location: Austin
Posted on: June 12, 2021

Job Description:

Job Functions, Duties, Responsibilities and Position Qualifications:

Position Summary:

This Managed Care Specialist provides broad support to the managed care team and is familiar with a wide variety of concepts, practices and procedures necessary to meet the goals of the department. Independently manages the implementation of all contractual changes within various systems used to manage expected contract allowable. Responsible for accurate and timely communication of the financial terms that impact our reimbursement to the appropriate departments of the system. Monitoring the payor policies and protocol changes for financial and operational impacts to the system. Responsible for maintaining key documents and historical accounts of contracts and communications in a repository.

Job Responsibilities:

Essential Functions:

• Oversees and participates in the development, negotiation, implementation, monitoring and management of managed care agreements
• Evaluates and recommends financial parameters and reimbursement methodologies
• Implements new managed care programs. Keeps staff apprised of developments in the managed care marketplace
• Directs and participates in financial analysis of revenue projections based on contractual rates with payers, adverse trends, terms and appropriate recommendations or conclusions
• Analyze and monitor financial aspects of existing managed care contracts. Utilize analysis for feedback on contract renewals, re-negotiations or termination. Make recommendations regarding participation or non-participation with new or existing agreements
• Facilitates promotion of departmental programs
• Develop and audit payer fee schedules based on negotiated reimbursement rates by contract and/or product line
• Maintain and distribute participation information by payer by network product for all signed contracts, contracts under-negotiation, or plans not being negotiated
• Responsible for reviewing managed care legal contract language and negotiating language to meet agreed to parameters with legal counsel to lessen risk and improve operational efficiencies
• Strategic planning accountability for other reimbursement & profitability endeavors with subcontract arrangements, government programs, pay for performance initiatives
• Assembles information and prepares materials for presentation to committees, administrators and divisions
• Perform special projects as requested by the Senior Vice President of Managed Care
• Liaison with physician practices, hospitals, other affiliated organizations and managed care organizations regarding issues pertaining to managed care
• Initiate contact with Managed Care Plans to begin negotiation/re-negotiation process.
• Catalog and organize contracts along with helping maintain contracts data base and maintaining Managed Care data base
• Work with the Analytics Group to establish negotiating position
• Coordinate with Revenue Cycle Group to assure contract compliance and troubleshoot reimbursement issues
• Develop strategies to link payment to performance and quality of the practices

Skills:

• Strong attention to detail.
• Excellent organizational skills.

Other Functions:

• Perform other duties as assigned.

Job Qualifications:

Required:

• Strong understanding of Managed Care: ACA, ACO, PHO, MSO, IPA (HMO, PPO and Government programs)
• 5 years of Managed Care or Health plan experience.
• Familiarity with Managed Care contractual terms
• Strong understanding of hospital, physician and ancillary (mainly Clinical Laboratory and Anatomic Pathology Practice) reimbursement methodologies.
• Ability to work independently.
• Strong analytical skills.
• Excellent organizational skills.
• Strong working knowledge of computer spreadsheet programs and database programs such as Excel, Microsoft Word (redlining of documents experience) & CRM Program

Preferred

• Bachelor's degree preferred

Travel

• N/A

License Certification:

• N/A

Scheduled Weekly Hours:

40

Work Shift:

Company:

Sonic Healthcare USA, Inc

Sonic Healthcare USA provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

Keywords: Sonic Healthcare USA, Austin , Managed Care Specialist, Other , Austin, Texas