Contracts Analyst - Associate

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Closing Date : 10 / 18 / 2024

10 / 18 / 2024

Type of Position :

Professional Staff - Project / Program Administration

Job Type : Regular

Regular

Work Shift :

Sponsorship Available :

Institution Name :

University of Arkansas for Medical Sciences

The University of Arkansas for Medical Sciences (UAMS) has a unique combination of education, research, and clinical programs that encourages and supports teamwork and diversity.

We champion being a collaborative health care organization, focused on improving patient care and the lives of Arkansans.

UAMS offers amazing benefits and perks (available for benefits eligible positions only) :

• Health : Medical, Dental and Vision plans available for qualifying staff and family
• Holiday, Vacation and Sick Leave
• Education discount for staff and dependents (undergraduate only)
• Retirement : Up to 10% matched contribution from UAMS
• Basic Life Insurance up to $50,000
• Career Training and Educational Opportunities
• Merchant Discounts
• Concierge prescription delivery on the main campus when using UAMS pharmacy

Below you will find the details for the position including any supplementary documentation and questions you should review before applying for the opening.

To apply for the position, please click the Apply link / button.

The University of Arkansas is an equal opportunity, affirmative action institution. The University does not discriminate in its education programs or activities (including in admission and employment) on the basis of age, race, color, national origin, disability, religion, marital or parental status, protected veteran status, military service, genetic information, or sex (including pregnancy, sexual orientation, and gender identity).

Federal law prohibits the University from discriminating on these bases. Questions or concerns about the application of Title IX, which prohibits discrimination on the basis of sex, may be sent to the University's Title IX Coordinator and to the U.

S. Department of Education Office for Civil Rights.

Persons must have proof of legal authority to work in the United States on the first day of employment.

All application information is subject to public disclosure under the Arkansas Freedom of Information Act.

At UAMS we value Diversity, Equity and Inclusion.

For general application assistance or if you have questions about a job posting, please contact Human Resources at .

Department : FIN Reimb Programs

FIN Reimb Programs

Department's Website :

Summary of Job Duties :

The Contract Analyst provides analytical and operational support for the Contracting & Payer Relations department. This position creates and analyzes financial activity reports, performs analyses of payer contract performance, models reimbursement terms and generates / analyzes other financial activity reports to support payer contracting negotiations and management.

The Contract Analyst maintains the professional contract management software, including building contracts and loading rate schedules.

The Contract Analyst is to have basic knowledge of physician managed care contract language, terms, and reimbursement methodologies.

This position requires frequent interaction with the revenue cycle team and payors to resolve claims issues and to facilitate meetings as necessary

Qualifications :

Minimum Qualifications :

Bachelor’s Degree in business, finance, accounting or related field PLUS on (1) year medical revenue cycle experience (i.

e., hospital / professional billing, reimbursement, managed care contracting) OR Associate Degree PLUS minimum three (3) years medical revenue cycle or managed care contracting experience OR High School Diploma PLUS five (5) years medical revenue cycle or managed care contracting experience.

• Strong knowledge of CPT / HCPCS & ICD-10 codes
• Must possess proficient skills in Microsoft Office and Excel.
• Effective oral and written communication skills.
• Ability to analyze, problem solve and apply critical thinking in performance of job duties.
• Ability to work independently as well as part of a team, and prioritize responsibilities.

Preferred Qualifications :

• Experience using Epic electronic health record system.
• Experience in payer contracting and reimbursement.

Additional Information :

Responsibilities

• Obtain and maintain new and updated fee schedules for Contracted Commercial Payors, Medicare, and Medicaid.
• Build new and updates to existing rate / fee schedules in the contracting management system.
• Generate / analyze financial activity reports using various tools, including contract management software, PowerBI, EPIC and Microsoft Excel.
• Prepare payer summaries for monthly review using the contract management software, including review of contract variances and feedback from the Revenue Cycle team.
• Research payer policies, including monitor / review payor amendments / changes and provider news / updates that will affect professional reimbursement.
• Model payor policy or contract changes to assess the financial impact on reimbursement.
• Negotiate / process prompt pay agreements for approval.
• Accurately complete value analysis request in a timely manner.
• Assist the Contracting team in managed care contract negotiations.
• Develop and maintain effective relationships with payors, internal revenue cycle teams and other key internal teams.
• Other duties as assigned.

Salary Information : 43,000.00

43,000.00

Required Documents to Apply :

Resume

Optional Documents :

Special Instructions to Applicants :

Recruitment Contact Information :

Please contactfor any recruiting related questions.

Pre-employment Screening Requirements :

No Background Check Required

This position is subject to pre-employment screening (criminal background, drug testing, and / or education verification).

A criminal conviction or arrest pending adjudication alone shall not disqualify an applicant except as provided by law. Any criminal history will be evaluated in relationship to job responsibilities and business necessity.

The information obtained in these reports will be used in a confidential, non-discriminatory manner consistent with state and federal law.

Constant Physical Activity :

Manipulate items with fingers, including keyboarding, N / A

Frequent Physical Activity :

N / A, Sitting

Occasional Physical Activity :

N / A, Talking

Benefits Eligible :