Payer Contracting Analyst

Are you a highly motivated and detail-oriented individual with a passion for healthcare operations? Look no further! The University of Chicago Medicine is seeking a Payer Contracting Analyst to join our dynamic team. In this role, you will be responsible for analyzing and negotiating contracts with various payers to ensure successful reimbursement for our healthcare services. The ideal candidate will possess strong analytical skills, excellent communication abilities, and a thorough understanding of healthcare contract language. If you are ready to make a positive impact on the healthcare industry and join a prestigious institution, apply now!

1. Conduct in-depth analysis of payer contracts to identify opportunities for negotiation and improvement.
2. Collaborate with various departments within the organization to gather necessary data and information for contract negotiations.
3. Develop and maintain relationships with key stakeholders, including payers and internal teams, to ensure successful contract negotiations.
4. Utilize strong analytical skills to review and interpret contract language, identifying potential risks and opportunities for improvement.
5. Negotiate contract terms and reimbursement rates with payers to ensure fair and favorable agreements for the organization.
6. Monitor and track contract performance, identifying any discrepancies or issues and working to resolve them in a timely manner.
7. Communicate contract details and updates to relevant teams and departments to ensure understanding and compliance.
8. Stay informed of industry trends, regulations, and changes in healthcare reimbursement to inform contract negotiations and strategy.
9. Prepare and present reports and recommendations to senior management regarding contract performance and opportunities for improvement.
10. Maintain accurate and organized records of all contracts and related documents.
11. Continuously evaluate and improve contract processes and procedures to increase efficiency and effectiveness.
12. Adhere to all relevant laws, regulations, and ethical standards in contract negotiations and management.
13. Serve as a knowledgeable resource for colleagues and team members regarding contract language and negotiation strategies.
14. Proactively identify and address any issues or challenges related to payer contracts to ensure successful reimbursement and revenue for the organization.
15. Embody the values and mission of the University of Chicago Medicine and represent the organization in a professional and positive manner.

According to JobzMall, the average salary range for a Payer Contracting Analyst in Chicago, IL, USA is $62,000-$95,000 per year. However, this can vary depending on factors such as experience, education, and the specific company or organization the individual is working for. Additionally, salary may also be impacted by the current market demand for this role and any specific skills or certifications the individual possesses.

The University of Chicago Medical Center is a nationally ranked academic medical center located in Hyde Park on the South Side of Chicago. It is the flagship campus for the University of Chicago Medicine system and was established in 1898.