Financial Analyst - Managed Care

Welcome to NewYork-Presbyterian Hospital, where we strive to provide exceptional care and support to our patients and their families. We are currently seeking a highly skilled and motivated Financial Analyst to join our Managed Care team. In this role, you will play a crucial role in analyzing financial data and providing insights to support decision-making for our hospital's managed care contracts. We are looking for a detail-oriented individual with strong analytical skills and a passion for making a positive impact in the healthcare industry. If you are driven, collaborative, and have a deep understanding of managed care, we want to hear from you. Join us in our mission to improve the health and well-being of our community.

1. Analyze financial data related to managed care contracts and provide insights to support decision-making for the hospital.
2. Develop financial models and forecasts to assess the financial impact of managed care contracts.
3. Collaborate with other departments, including finance, accounting, and revenue cycle, to ensure accurate and timely financial reporting.
4. Monitor and track contract performance, identifying areas for improvement and making recommendations for contract renegotiations.
5. Conduct competitive market analysis and benchmarking to inform negotiation strategies.
6. Communicate with insurance companies and other external stakeholders to negotiate rates and resolve payment issues.
7. Prepare financial reports and presentations for senior management and other stakeholders.
8. Proactively identify potential risks and opportunities related to managed care contracts and develop strategies to mitigate risks and capitalize on opportunities.
9. Stay up-to-date on industry trends, regulations, and changes in managed care to inform decision-making and ensure compliance.
10. Collaborate with cross-functional teams to implement and monitor managed care initiatives and strategies.
11. Train and mentor junior team members on managed care concepts and analysis techniques.
12. Continuously evaluate and improve processes related to managed care contract management and analysis.
13. Maintain confidentiality and adhere to ethical standards in handling financial data and negotiations.
14. Represent the hospital in meetings with insurance companies, government agencies, and other external stakeholders.
15. Support the hospital's mission and values and strive to make a positive impact in the healthcare industry.

According to JobzMall, the average salary range for a Financial Analyst - Managed Care in Manhattan, New York, NY, USA is $77,000 - $120,000 per year. However, the salary can vary depending on the specific company, experience level, and other factors. Some companies may offer higher salaries for more experienced financial analysts or for those with specific skills or certifications. Additionally, cost of living in Manhattan may also impact the salary range for this position.

The NewYork–Presbyterian Hospital is a nonprofit academic medical center in New York City affiliated with two Ivy League medical schools: Columbia University Vagelos College of Physicians and Surgeons and Weill Cornell Medical College.