Senior Provider Reimbursement Analyst - Hybrid (PA/NJ/DE)

Bring your drive for excellence, teamwork, and customer commitment to Independence. Join us as we renew and reimagine the future of health care. Together we will achieve our mission to enhance the health and well-being of the people and communities we serve.

Summary

The Senior Provider Reimbursement Analyst leads the development, evaluation, and governance of reimbursement methodologies to ensure accurate, compliant, and market-competitive provider payment. This role serves as a subject matter expert, driving complex financial analyses, shaping reimbursement strategy, and influencing contract design and implementation. The position partners closely with Contracting, Actuarial, Configuration, and leadership to support network performance and advance organizational financial objectives.

Key Responsibilities

·       Lead complex reimbursement analyses to evaluate payment accuracy, financial impact, and market positioning across provider specialties, products, and lines of business.

·       Serve as a subject matter expert on reimbursement methodologies, CMS policies, and emerging market trends to inform strategic decision-making and contract design.

·       Develop and present advanced financial models and scenario analyses to assess alternative reimbursement structures and support negotiations.

·       Identify and quantify cost savings, cost avoidance, and risk mitigation opportunities through analysis of utilization trends, billing patterns, and provider variation.

·       Translate negotiated contract terms into comprehensive rate exhibits, payment policies, and configuration requirements, ensuring clarity, accuracy, and alignment with financial intent.

·        Provide oversight and validation of reimbursement structures to ensure compliance with internal policies, regulatory requirements, and contractual obligations.

·       Partner with Contracting leadership to shape reimbursement strategy, including development of rate structures, contract language, and payment methodologies.

·       Collaborate with Configuration teams to ensure accurate and timely implementation of new and revised reimbursement methodologies; proactively identify and mitigate implementation risks.

·        Lead resolution of complex reimbursement issues and claim payment discrepancies by analyzing claims data, contract intent, and system configuration logic.

·       Recommend and implement process improvements to enhance payment accuracy, reduce downstream abrasion, and improve operational efficiency.

·       Support audits, regulatory reviews, and compliance initiatives by providing detailed analyses, documentation, and subject matter expertise.

·       Develop executive-ready summaries, presentations, and materials that translate technical analyses into clear business insights and actionable recommendations.

·       Mentor analysts and provide guidance on analytical approaches, reimbursement methodologies, and best practices.

·       Drive cross-functional alignment and accountability across Contracting, Claims Operations, Actuarial, and Provider Pricing teams.

·       Perform additional responsibilities in support of departmental priorities, strategic initiatives, and organizational goals.

Qualifications

·       Bachelor’s degree in Business, Finance, Healthcare Management, Information Science, or a related field; Master’s degree preferred.

·       5+ years of experience in provider reimbursement, healthcare finance, or managed care required.

·       Advanced analytical expertise with demonstrated experience in financial modeling, claims analysis, and reimbursement methodology design.

·       Advanced proficiency in Excel (including complex modeling), SQL, and data analysis tools; experience with large healthcare datasets required.

·       Strong organizational skills with the ability to manage multiple high-priority initiatives simultaneously.

·       Highly detail-oriented with strong critical thinking and problem-solving skills.

·       Demonstrated ability to work independently while also leading and collaborating within cross-functional teams.