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How much do medical economics jobs pay per hour?

As of Jun 22, 2026, the average hourly pay for medical economics in the United States is $65.38, according to ZipRecruiter salary data. Most workers in this role earn between $59.62 and $71.15 per hour, depending on experience, location, and employer.

What are some common challenges faced by professionals in Medical Economics, and how can they overcome them?

Professionals in Medical Economics often face challenges such as analyzing complex healthcare data, staying updated with constantly changing regulations, and balancing cost-effectiveness with quality patient care. Effective collaboration with clinical teams, finance departments, and regulatory experts is crucial for developing actionable insights and recommendations. To overcome these challenges, professionals should engage in continuous learning, leverage advanced data analytics tools, and foster strong communication skills to work successfully across multidisciplinary teams.

What does a medical economics analyst do?

A medical economics analyst evaluates healthcare data and economic models to assess the cost-effectiveness of medical treatments, policies, and interventions. They use statistical tools and health economics principles to inform decision-making for healthcare organizations, insurers, or policy makers.

Can econ majors work in healthcare?

Medical economics is a field where economics majors can work analyzing healthcare costs, policies, and resource allocation. Skills in data analysis, statistical tools, and understanding healthcare systems are valuable for roles such as health policy analysts, healthcare consultants, and health services researchers.

What are the key skills and qualifications needed to thrive in Medical Economics, and why are they important?

To thrive in Medical Economics, you need a solid background in healthcare finance, data analysis, and health policy, often supported by a degree in health economics, public health, or a related field. Familiarity with statistical software (like SAS or R), claims databases, and knowledge of healthcare reimbursement systems is typically required. Exceptional analytical thinking, communication skills, and attention to detail set successful professionals apart in this area. These skills are crucial for evaluating healthcare costs and outcomes, supporting data-driven decisions, and optimizing resource allocation in the healthcare industry.

What is medical economics?

Medical economics is a field that analyzes the financial aspects of healthcare, including the costs, efficiency, and resource allocation within medical systems. Professionals in this area often work with data analysis, health policy, and economic modeling to improve healthcare delivery and cost management.

What does a medical economist do?

A medical economist analyzes healthcare costs, resource allocation, and economic impacts within the medical field. They use economic theories, statistical tools, and data analysis to inform healthcare policy, improve efficiency, and support decision-making in healthcare organizations.

What is the difference between Medical Economics vs Medical Billing?

AspectMedical EconomicsMedical Billing
Required CredentialsTypically a degree in health economics, healthcare administration, or related fieldsCertification in medical billing or coding, such as CPC or CPC-H
Work EnvironmentHealthcare organizations, consulting firms, or government agenciesMedical offices, hospitals, billing companies
Employer & Industry UsageUsed for analyzing healthcare costs, policy development, and financial planningUsed for processing insurance claims and patient billing

Medical Economics focuses on analyzing healthcare costs, policy, and financial strategies, while Medical Billing involves processing insurance claims and managing patient billing. Both roles are essential in healthcare finance but serve different functions within the industry.

More about Medical Economics jobs
What cities are hiring for Medical Economics jobs? Cities with the most Medical Economics job openings:
What are the most commonly searched types of Medical Economics jobs? The most popular types of Medical Economics jobs are:
What states have the most Medical Economics jobs? States with the most job openings for Medical Economics jobs include:
Infographic showing various Medical Economics job openings in the United States as of June 2026, with employment types broken down into 3% Internship, 44% As Needed, 38% Full Time, 6% Part Time, and 9% Nights. Highlights an 73% Physical, 7% Hybrid, and 20% Remote job distribution, with an average salary of $135,999 per year, or $65.4 per hour.
Manager, Medical Economics - REMOTE

Manager, Medical Economics - REMOTE

Molina Healthcare

Long Beach, CA • Remote

Full-time

Posted 24 days ago


Molina Healthcare rating

8.0

Company rating: 8.0 out of 10

Based on 192 frontline employees who took The Breakroom Quiz

145th of 261 rated insurance


Job description

JOB DESCRIPTION

Job Summary
Responsible for leading the refinement, operationalization, and stewardship of enterprise healthcare datasets for Medical Economics use cases. This role focuses on transforming foundational enterprise data assets into trusted, business-ready datasets aligned to Medical Economics reporting, analytics, and operational workflows. The curation and enhancement of authorization data assets is an initial priority.

This role partners closely with Enterprise Information Management (EIM), Medical Economics, Reporting, and operational stakeholders to improve data quality, establish sustainable governance practices, and support scalable enterprise data solutions.

Essential Job Duties

Data Curation & Stewardship: 
-    Lead refinement and operationalization of enterprise datasets for Medical Economics use cases
-    Establish and maintain business definitions, transformation logic, validation rules, and reconciliation processes
-    Identify and resolve data quality, consistency, and usability gaps across curated datasets
-    Drive continuous improvement of data assets to support evolving business needs
Authorization Data Enhancement
-    Lead Medical Economics curation efforts for authorization data assets
-    Define and document business logic and operational interpretations required for Medical Economics workflows
-    Partner with EIM and upstream data owners to improve foundational data quality and alignment
-    Ensure curated authorization datasets are scalable, reliable, and analytically usable
Team Leadership & Execution 
-    Manage and mentor Lead Analysts supporting data curation initiatives
-    Establish standards for documentation, validation, issue management, and operational support
-    Support prioritization and delivery planning across the team
Cross-Functional Partnership
-    Serve as a liaison between Medical Economics, EIM, Finance, and operational stakeholders
-    Translate business pain points into actionable data improvement opportunities
-    Facilitate alignment on definitions, priorities, dependencies, and implementation sequencing
Governance & Operationalization
-    Support governance processes for curated datasets
-    Maintain documentation for business rules, lineage, assumptions, and operational workflows
-    Promote transparency, consistency, and sustainable support models across data assets
Coordinates with medical economics team to meet data analysis and database development needs.
Reviews, evaluates, and improves business logic and data sources.
Acts as a resource to team for medical economics/analysis related questions.
Reviews medical economics analysis work products to ensure accuracy and clarity.
Reviews regulatory reporting requirements and health plan project documentation.
Maintains reporting service level benchmarks for enterprise information management (EIM) team.
Represents medical economics department in cross-departmental and operational meetings. 
Serves as liaison between EIM and medical economics for reporting needs.
Collects, validates, analyzes, and organizes data into meaningful reports for leadership decision making, and designs, develops, tests and deploys reports to other end users for operational and strategic analysis.
Creates reporting for strategic analysis, profitability, financial analysis, utilization patterns and medical management.
Collaborates with and provides medical economics subject matter expertise for health plans and enterprise teams.
Supports scoreable action item (SAI) initiative tracking to performance.

Required Qualifications

At least 7 years of health care analytics and/or medical economics experience, preferably in claims processing environment and/or health care environment, or equivalent combination of relevant education and experience.
At least 1 year of management/leadership experience.
Bachelor's degree in statistics, mathematics, economics, computer science, health care management or related field.
Demonstrated understanding of Medicaid and Medicare programs or other health care plans.
Analytical work experience within the health care industry (i.e., hospital, network, ancillary, medical facility, health care vendor, commercial health insurance, large physician practice, managed care organization, etc.)
Familiar with relational database concepts
Proficiency with retrieving specified information from data sources.
Experience with building dashboards in Excel, Power BI, and/or Tableau and data management.
Knowledge of health care operations (utilization management, disease management, claims processing, etc.)
Knowledge of health care financial terms (e.g., PMPM, revenue) and different standard code systems (ICD-10CM, CPT, HCPCS, NDC, etc.) utilized in medical coding/billing (UB04/1500 form).
Demonstrated understanding of key managed care concepts and provider reimbursement principles such as risk adjustment, capitation, FFS (Fee-for-Service), Diagnosis Related Groups (DRG's), Ambulatory Patient Groups (APG's), Ambulatory Payment Classifications (APC's), and other payment mechanisms. 
Understanding of value-based risk arrangements
Experience in quantifying, measuring, and analyzing financial, operational, and/or utilization metrics in health care.
Ability to mine and manage information from large data sources.
Demonstrated problem-solving skills.
Strong critical-thinking and attention to detail.
Ability to effectively collaborate with technical and non-technical stakeholders.
Strong time-management skills, and ability to manage simultaneous projects and tasks to meet internal deadlines.
Strong verbal and written communication skills.
Preferred Experience

  • Experience in Medical Economics
  • Business stakeholder management
  • Familiarity with Python, R or BI tools (e.g., Tableau, Power BI)
  • Experience with service categorization
  • Deep auth data knowledge 

To all current Molina employees: If you are interested in applying for this position, please apply through the Internal Job Board.
Molina Healthcare offers a competitive benefits and compensation package. Molina Healthcare is an Equal Opportunity Employer (EOE) M/F/D/V


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About Molina Healthcare

Sourced by ZipRecruiter

Molina Healthcare is a nationwide fortune 500 organization with a mission to provide quality healthcare to people receiving government assistance. If you are seeking a meaningful opportunity in a team-oriented environment, come be a part of a highly engaged workforce dedicated to our mission. Bring your passion and talents and together we can make a difference in the lives of others.

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Long Beach, CA, US

Year founded

1980

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