Value Based Sr. Analyst

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver.

Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary

As a Medical Economics Senior Analyst you will support local market network teams on implementation and administration of Value Based Contracting (VBC) agreements. The Medical Economics Senior Analyst is essential for ensuring proactive tracking and facilitating of meeting VBC agreement incentive payment commitments throughout the contract life cycle. The Medical Economics Senior Analyst position is responsible for working with scorecards and reconciliation payment requests and reporting as needed to support increasingly complex requirements to support the incentive payments on these deals.

Preferred Qualifications

As part of the Value Based Team, you will take ownership of your portfolio of markets and deals, working collaboratively with negotiators and Network managers as well as Value Based partners to ensure we meet our contractual commitments, administer incentive payments and assist in pre-deal evaluation and make recommendations. You will participate in enhancement projects and process improvements. The larger Value Based Team is accountable for analysis of Value based arrangements across lines of business, supporting data for the right pricing and to support our provider partners to achieve improved outcomes for our members. We partner with a wide range of business units across the enterprise including other Finance areas and Contract Negotiators.

Required Qualifications

2+ more years of Excel experience in professional and/or academic setting

Preferred Qualifications

2 or more years in the managed care industry with exposure to value-based contracting

1 or more years of experience with financial analysis and/or administrative claims data

Be able to work in a fast-paced environment and meet tight deadlines

Strong analytical, critical thinking, problem solving and communication skills

Possess analytical and problem resolution skills

Be able to communicate effectively with a diverse audience

Be resourceful and quickly and successfully adapt to change

Working knowledge of SQL and relational databases

Exposure to SAS or other web-query based programs

Advanced skills in Microsoft Office Products (Excel, PowerPoint, Access)

Education

Bachelor's degree or equivalent work experience required

Pay Range

The typical pay range for this role is

$43,700.00 - $107,200.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.

In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off ("PTO") or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.

For more detailed information on available benefits, please visit Benefits | CVS Health (~~~)

We anticipate the application window for this opening will close on: 10/07/2024

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.