Quest Diagnostics
Senior Financial Analyst, Health Plan Finance (Hybrid)
Quest Diagnostics, Secaucus, New Jersey, us, 07094
Overview:
The Sr. Financial Anlayst supports the financial and operational evaluation of prospective Health Plan contracts, providing consulting and recommendations to insure growth and profitability of third-party payors. Towards this goal, works closely with Health Plan Sales, Regional Finance and Health Plans Finance Contract Support Manager. Partners with representatives of the Health Plan sales organization in response to contract proposals for regional and national contracts.Responsibilities:Performs all financial analyses required for prospective third-party contracts including the compilation of fee schedules, revenue projections, synergy analyses and what-if scenariosCalculates specific CAP PMPM rates and develops CPT based fee schedules for key regional and national contractsDevelops utilization and membership corridors and integrates such corridors into contracts where applicable to protect the Company from downstream risk with capitated arrangementsSupports the development of standard premium priced tests, capitation carve-outs and overall pricing guidelinesWorks closely with the Clinical Franchise department to ensure that pricing guidelines for high value and new test campaigns are considered in prospective contractsServes as a content expert to regional leadership regarding third party contracts and pricing strategiesInterfaces directly with regional leadership regarding the price, volume, and cost implications associated with new and existing third-party contractsDevelops methods to streamline the pricing review and authorization process for third-party contractsPerforms specific test campaign analyses to determine the prospective revenue and volume impact for key test initiativesPartners with Billing function to review, disseminate, and recommend enhancements to third-party data used to build financial modelsSupports the annual budget process providing details and insights on known and potential contract changes in the coming yearAd-hoc projects as neededQualifications:
Bachelors degreeA minimum of three years relevant financial analysis experienceStrong understanding of the healthcare industry and health plans specifically (product types, trends, etc.)Strong financial and analytical skillsInnovative thinker comfortable with ambiguity to complete tasksAbility to work effectively cross-functionally in a matrix environment and build/maintain relationshipsExcellent verbal and written communication skillsAbility to work effectively both independently and within a teamStrong PC skills (Excel, Access, PowerPoint, Word)While we appreciate and value our staffing partners, we do not accept unsolicited resumes from agencies.
Quest will not be responsible for paying agency fees for any individual as to whom an agency has sent an unsolicited resume.EEO:Equal Opportunity Employer: Race/Color/Sex/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Vets
The Sr. Financial Anlayst supports the financial and operational evaluation of prospective Health Plan contracts, providing consulting and recommendations to insure growth and profitability of third-party payors. Towards this goal, works closely with Health Plan Sales, Regional Finance and Health Plans Finance Contract Support Manager. Partners with representatives of the Health Plan sales organization in response to contract proposals for regional and national contracts.Responsibilities:Performs all financial analyses required for prospective third-party contracts including the compilation of fee schedules, revenue projections, synergy analyses and what-if scenariosCalculates specific CAP PMPM rates and develops CPT based fee schedules for key regional and national contractsDevelops utilization and membership corridors and integrates such corridors into contracts where applicable to protect the Company from downstream risk with capitated arrangementsSupports the development of standard premium priced tests, capitation carve-outs and overall pricing guidelinesWorks closely with the Clinical Franchise department to ensure that pricing guidelines for high value and new test campaigns are considered in prospective contractsServes as a content expert to regional leadership regarding third party contracts and pricing strategiesInterfaces directly with regional leadership regarding the price, volume, and cost implications associated with new and existing third-party contractsDevelops methods to streamline the pricing review and authorization process for third-party contractsPerforms specific test campaign analyses to determine the prospective revenue and volume impact for key test initiativesPartners with Billing function to review, disseminate, and recommend enhancements to third-party data used to build financial modelsSupports the annual budget process providing details and insights on known and potential contract changes in the coming yearAd-hoc projects as neededQualifications:
Bachelors degreeA minimum of three years relevant financial analysis experienceStrong understanding of the healthcare industry and health plans specifically (product types, trends, etc.)Strong financial and analytical skillsInnovative thinker comfortable with ambiguity to complete tasksAbility to work effectively cross-functionally in a matrix environment and build/maintain relationshipsExcellent verbal and written communication skillsAbility to work effectively both independently and within a teamStrong PC skills (Excel, Access, PowerPoint, Word)While we appreciate and value our staffing partners, we do not accept unsolicited resumes from agencies.
Quest will not be responsible for paying agency fees for any individual as to whom an agency has sent an unsolicited resume.EEO:Equal Opportunity Employer: Race/Color/Sex/Sexual Orientation/Gender Identity/Religion/National Origin/Disability/Vets