Market Access Payor Analyst
The Market Access Payor Analyst is responsible for profiling, researching, and resolving reimbursement issues for assigned payors, products, or lines of business. This position performs analysis, identifies trends, presents opportunity areas, and prioritizes initiatives for payment and performance improvement. Using data analytics, they derive logical conclusions and forecasts from implementing strategies that can improve business performance. Primary Responsibilities: ● Formulates and develops presentations for project analysis needs from Finance, Billing, Market Access, Product Leads, and other teams as required. ● Identify functions and barriers that affect ASP and revenue including identifying trends, opportunities, and risks for all payors and products. ● Compares payor reimbursement patterns based on medical policies, contract language, authorization requirements, and patient benefits. ● Researches complex benefits and insurance verification using various systems and portals internal and external. ● Investigate designated payors' literature and agencies, and stay current on new indicators, such as state statutes, laws, and other requirements. ● Develops strategies to improve reimbursement and reduce denials for assigned payors based on trends and analysis findings. ● Identifies areas of opportunities for process improvements, automation, and efficiencies. ● Creates management reports and custom dashboards & visualizations. ● Initiates and supports projects, initiatives, solutions, and other change management. ● Conducts complex trend review, forecasting, sensitivity analysis, what-if scenarios, and other analyses. ● Partner with multiple internal cross-functional teams and successfully manage multiple product projects simultaneously. ● Presents information, analysis, updates, financial risks, and recommendations to a specific audience. ● Performs analysis of operational, production, financial, and other data. ● Analyzes payor behaviors, systems, and processes in reimbursement to optimize performance. ● Ensure data integrity and control over business processes by developing data management best practices. ● Operationalize business intelligence solutions to highlight strengths and opportunities to meet organizational strategies, objectives, and goals. ● Analyze large data sets of structured, semi-structured unstructured data to discover data insights and collaborate with business partners to deliver business value. ● Participates in weekly meetings to review key metrics, workflows, trends, payor performance improvement opportunities, and strategies. ● This role works with PHI regularly both in paper and electronic form and has access to various technologies to access PHI (paper and electronic) to perform the job. Qualifications: ● Bachelor’s Degree healthcare-related field of study or equivalent experience. ● Minimum of 5 years of experience in revenue cycle or claim analysis ● Project management experien...