Associate Director Cap Revenue Healthcare Economics - Remote

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Under executive direction, the Associate Director Cap Revenue Healthcare Economics Optum Massachusetts is responsible for all aspects of assessing, evaluating, and estimating capitation
revenue and net capitation for Optum Massachusetts. Responsible for complex trend analysis and reporting to inform senior management's decision making regarding the level of changes for
financial statement reporting. Makes recommendations and provides critical professional expertise to inform senior management of amounts to record in the financial statements. Assesses and ensures the integrity, accuracy and consistency of the financial and utilization reports and databases and leads action plans for making improvements. Manages staff, consisting primarily of financial analysts. As the accountable business owner, oversees the implementation of changes to the databases, reports, and processes as dictated by changes in business needs to support the recording of capitation revenue in the financial statements.

You'll enjoy the flexibility to work remotely * from anywhere within the U.S. as you take on some tough challenges. For all hires in the Minneapolis or Washington, D.C. area, you will be required to work in the office a minimum of four days per week.

Primary Responsibilities:

• Oversees all aspects of calculation of capitation revenue under full and shared risk payer contracts
• Produces detailed work papers for all full risk and shared risk arrangements for entities within Optum Massachusetts, that replicate how CDO gets reimbursed by the payors; alignment with
  settlement reports, dashboards and other monthly reports received from payors 
• Responsible for supporting all amounts recorded by accounting and ensuring that proper financial controls are in place to verify amounts recorded
• Tracks covered lives to provide forecast (in partnership with Clinical Operations) and creates monthly reporting
• Responsible for quarterly forecasts, and related deliverables (ie, bridges, RAF capture reporting,
  supplemental schedules for membership, rates, risk revenue, risk IOI, etc); create forecast model for membership and rates
• Develops long range planning model, and monthly collaboration with accounting team
• Delivers key indicators, and metrics to senior leadership and various stakeholders highlighting gaps and opportunities (ie, RAF capture, acuity adjustments) monthly; helps create and delivers risk contract performance narrative (net cap)
• Creates lines of business reports that show profitability of different payor contracts, and margins on reported and restated basis; analyze similarities and differences of contract performance across the market; identify risks and opportunities for Senior Leadership and various stakeholders
• Collaborates with other members of HCE team, FPA, Contracting, and Accounting on a regular basis
• Responsible for maintaining Axiom Health Plan budgeting module and spreading it to Optum Massachusetts
• Generates Optum Massachusetts reporting; establishes source of truth, margins, and BCR
• Produces internal reporting such as, but not limited to, Hoshin metrics, HBI, forecast model, others as applicable
• Partners with business leaders and build solid relationships in support of financial performance; act as a strategic thought partner for the business
• Drives intersegment agreements between Optum Massachusetts and UHC entities along with understanding the financial impacts
• Partners across Optum Massachusetts finance team to help lead integration activities
• Recommends proposals to Contracting Supports Contracting Department discussions and evaluation of managed care contract terms; may propose changes in the contracts to the Contracting Department Leadership
• Provides input and information to facilitate successful payer negotiations on payer financial performance; works closely with the Contracting Department to estimate and manage the preparation of detail settlement documents for recovery of funds based on contractual
  arrangements with payers and hospital risk-sharing partners
• Works collaboratively with the Controller to reach agreement on the final annual contract financial results
• Performs other duties as assigned
• Supervisory Responsibilities
  • Manages a team of financial analyst professionals including all aspects of subordinate staff responsibilities Carries out managerial responsibilities within areas of responsibility in accordance with the organization's policies and applicable laws Provides direction and support to staff to assure departmental effectiveness and efficiency Responsibilities include interviewing, selecting, orienting, and training employees; planning, assigning, and directing work; evaluating performance; rewarding and issuing corrective action to employees; reviewing personnel actions of staff and addressing complaints and resolving problems

You'll be rewarded and recognized for your performance in an environment that will challenge you and give you clear direction on what it takes to succeed in your role as well as provide development for other roles you may be interested in. 

Required Qualifications:

• Bachelor's degree (or equivalent experience), Bachelor's preferably in accounting, finance, mathematics or actuarial science
• 5+ years of experience in financial data analysis including experience in a managerial, supervisory or lead role
• Experience in healthcare or health insurance
• Background in financial modeling and forecasting
• Ability to build relationships and negotiate with external (ie, payers and providers) and internal (ie, finance, contracting, medical  management, data warehouse) customers and develop a solid case for positive financial and other outcomes
• Demonstrated project management skills
• Microsoft Excel and SQL experience
• Proven excellent analytical and quantitative skills including statistical analyses
• Demonstrated ability to work standard business hours in EST zone

Preferred Qualifications:

• MBA
• Actuarial Certification
• Experience in a supervisory or lead role
• Knowledge of provider/facility contracting is a plus
• Proven detail oriented with solid technical writing, communication, and presentation skills

*All employees working remotely will be required to adhere to UnitedHealth Group's Telecommuter Policy  

Pay is based on several factors including but not limited to local labor markets, education, work experience, certifications, etc. In addition to your salary, we offer benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). No matter where or when you begin a career with us, you'll find a far-reaching choice of benefits and incentives. The salary for this role will range from $112,700 to $193,200 annually based on full-time employment. We comply with all minimum wage laws as applicable.

Application Deadline: This will be posted for a minimum of 2 business days or until a sufficient candidate pool has been collected. Job posting may come down early due to volume of applicants.

At UnitedHealth Group, our mission is to help people live healthier lives and make the health system work better for everyone. We believe everyone-of every race, gender, sexuality, age, location and income-deserves the opportunity to live their healthiest life. Today, however, there are still far too many barriers to good health which are disproportionately experienced by people of color, historically marginalized groups and those with lower incomes. We are committed to mitigating our impact on the environment and enabling and delivering equitable care that addresses health disparities and improves health outcomes - an enterprise priority reflected in our mission.  

OptumCare  is an Equal Employment Opportunity employer under applicable law and qualified applicants will receive consideration for employment without regard to race, national origin, religion, age, color, sex, sexual orientation, gender identity, disability, or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations.

OptumCare is a drug-free workplace. Candidates are required to pass a drug test before beginning employment