Managed Care Finance Director directs and oversees all policies and procedures for the financial and data operations of managed care contracts. Manages contracts, negotiates and sets rates, and reviews reimbursement levels and managed care agreements to ensure that proper payment practices are utilized. Being a Managed Care Finance Director implements processes that encourage and inform the organization how to increase levels of reimbursements. Requires a bachelor's degree. Additionally, Managed Care Finance Director typically reports to top management. The Managed Care Finance Director manages a departmental sub-function within a broader departmental function. Creates functional strategies and specific objectives for the sub-function and develops budgets/policies/procedures to support the functional infrastructure. Deep knowledge of the managed sub-function and solid knowledge of the overall departmental function. To be a Managed Care Finance Director typically requires 5+ years of managerial experience. (Copyright 2024 Salary.com)
SUMMARY:
The Director of Managed Care Contracts is responsible for the management of all managed care and capitation contracts/amendments, including, but not limited to, professional and facility fee contracts, Letters of Agreement, Letters of Interest, and ensuring contract compliance therewith. Engages in the review of language and terms, and negotiations/renegotiations, develops and updates summarized fact sheets per payer. Develops and identifies potential business opportunities and relationships, to expand Acuity's footprint across all regions.
ESSENTIAL FUNCTIONS:
To perform this job successfully, an individual must be able to perform each essential function satisfactorily with or without accommodation. The requirements listed below are representative, but not all inclusive, of the knowledge, skill, and/or ability required.
QUALIFICATIONS:
REQUIRED: Bachelor's Degree in related field or equivalent; minimum 5-10 years of contract management experience; extensive knowledge of contract management, contracting concepts and demonstrated knowledge and ability in connection with contract review and negotiations, contract principles, and interpretation of contract language required; knowledge and understanding of HMO, Capitation, POS and PPO contracts; prior staff management experience; excellent written and verbal communication skills; must be proficient in Microsoft Office Suite.
DESIRABLE: Master's Degree in business or related field; prior business development experience; prior experience in the healthcare industry.
KNOWLEDGE/SKILLS/ABILITIES/TALENTS:
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