Full-time
Posted 5 days ago
Job description
ESSENTIAL FUNCTIONS
• Leads or participates in complex medical economic projects (e.g., medical cost savings, trend, and risk assessment
initiatives) including identification and completion of key deliverables.
• Apply statistical analysis methods to develop, validate, and execute algorithms, statistical models, and reporting tools that
answer applied research and business questions for internal and external clients.
• Provide medical cost trend analytics, assess variance to expectations, and determine forecasted contract terms for health
insurer and risk bearing provider clients.
• Makes recommendations about data collection methods, metrics definition, and evaluation methods.
• Develops studies, analyses, and presentation materials needed to appropriately inform decision makers. Presents results
and recommendations to management across VBC teams.
• Works cross-functionally throughout the organization toward achieving operational targets.
• Presents complex information in a way that multiple levels within an organization can understand and utilize to make
appropriate decisions to meet business objectives.
• Responsible for project commitments to quality and on-time deliverables.
• Willingness to understand and probe into technical details.
• Creates and evaluates the data needs of assigned projects and assures the integrity of the data.
• Works independently to plan and conduct sophisticated analyses.
• Other duties as assigned.
EDUCATION
• Bachelor’s degree preferred. Undergraduate degree in math/actuarial, business, finance, or related field preferred
EXPERIENCE
Healthcare Industry Experience:
3+ years in health insurance, value-based care, or healthcare administration
• Data & Analytical Expertise:
2+ years of experience analyzing healthcare claims and eligibility data, including:
▪ Medical cost, trend, and variance analysis. Identification of cost management opportunities. Medical
economics analysis and reporting. Statistical analysis and data modeling
• Contract & Product Knowledge:
2+ years of experience analyzing capitated and fee-for-service provider contracts across:
▪ Medicare, Medicare Advantage, Commercial, and Medicaid plans
Technical Skills:
2+ years working with database management systems (e.g., SQL Server, DB2, SAS)
Proficiency in SQL and healthcare data analytics
Experience with reporting tools such as Power BI (or similar)
Advanced skills in Microsoft Excel; working knowledge of Word, PowerPoint, and Access
Preferred:
Experience with actuarial analysis and methodologies
ABILITIES
• Proficiency in statistical methods of data analysis
• Understanding of medical cost drivers and provider reimbursement methodologies
• Strong problem solving, analytical, and project management skills
• Demonstrated extensive and diverse knowledge of health care data, metrics, systems, and standards; demonstrated subject
matter expert in multiple subject areas
• Ability to make sound decisions and recommendations to drive business solutions
• Ability to communicate statistical and technical ideas and results to non-technical clients
• Ability to work independently and complete projects within established timeframes
• Self-starter and ability to juggle competing priorities
SKILLS
• General business/demonstrated business and industry acumen
• General business/turning data into information
• Finance/delivering profit and performance
ENVIRONMENTAL WORKING CONDITIONS
• Normal office environment or remote
• Some travel
PHYSICAL/MENTAL DEMANDS
• Requires sitting and standing associated with a normal office environment.
• Some bending and stretching are required.
• Manual dexterity using a computer keyboard, phone, and scanner.
ORGANIZATIONAL REQUIREMENT
• HOPCo Mission, Vision, and Values must be read and signed.
This description is intended to provide only basic guidelines for meeting job requirements. Responsibilities, knowledge, skills,
abilities, and working conditions may change as needs evolve.
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Frequently asked questions
Q: What skills or qualities help someone succeed as a Economic Analyst?
A: To succeed as an Economic Analyst, key technical skills include proficiency in econometrics, statistical modeling, and data analysis software such as Excel, R, or Python, as well as a strong understanding of economic theories and models. Soft skills like effective communication, problem-solving, and critical thinking are also essential, as they enable analysts to interpret complex data, present findings to stakeholders, and make informed recommendations. By combining technical expertise with strong soft skills, Economic Analysts can provide valuable insights that drive business decisions and support career growth through opportunities for advancement and professional development.
Q: What is the career path for a Economic Analyst?
A: A typical career progression for an Economic Analyst involves starting as an Entry-Level Economic Analyst, where they assist in data analysis, research, and report preparation. As they gain experience, they can move into Mid-Level roles such as Senior Economic Analyst or Economic Researcher, where they take on more complex projects, lead teams, and develop strategic recommendations. Ultimately, Senior Economic Analysts or Lead Economists can progress to Senior Leadership positions, such as Director of Economic Research or Chief Economist, where they oversee teams, drive business strategy, and provide expert guidance on economic trends and policy.\n\nKey opportunities for skill development and professional growth include:\n\n- Developing expertise in economic modeling, forecasting, and data analysis\n- Gaining experience in industry-specific sectors, such as finance, healthcare, or energy\n- Building strong communication and presentation skills to effectively convey complex economic concepts to non-technical stakeholders\n- Pursuing advanced degrees, such as a Master's or Ph.D. in Economics, to enhance career prospects and earning potential\n\nLong-term career prospects for Economic Analysts may include transitioning into roles such as:\n\n- Policy Analyst or Advisor, where they apply economic expertise to inform government or corporate policy decisions\n- Business Development or Strategy roles, where they leverage economic insights to drive business growth and innovation\n- Academic or Research positions, where they focus on advancing economic knowledge and theory.
