Consultant, Payment Intelligence

Posted yesterday

aareteChicago (IL)

Claims Adjusters, Examiners, and Investigators Other Management Consulting Services

SENIORITY

Senior

SALARY

$84,000 - $102,000 per year

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About the role

Consultant, Payment IntelligenceAArete is one-of-a-kind when it comes to consulting firm culture. We're a global, innovative management and technology consulting firm with offices in the U.S. and India. Our name comes from the Greek word for excellence: " Aret." And excellence is exactly what we strive for. We're celebrating our fourth year as one of Forbes' World's Best Management Consulting Firms and our success starts with our people. From robust career development planning to competitive life and wellness benefits, AArete's "Culture of Care" takes a holistic approach to the employee experience. AAretians (our team members) are leaders at every level. You are encouraged to unlock your full potential by directly contributing to our mission and prioritizing personal development and fulfillment.

The Role: Health plans face continued challenges in reimbursing claims on-time and accurately. AArete's consulting service line, Payment Intelligence, goes beyond typical payment integrity to ensure erroneous and inefficient payments are identified, rectified, and recouped to prevent them in the future. Our Payment Intelligence team addresses issues with payment policies, provider contracts, provider data, covered benefits, member eligibility and prior authorizations. In this role, the individual will be responsible for client delivery of Payment Intelligence. The position will report to a Payment Intelligence Manager. The individual will be the subject matter expert on strategies to help our clients ensure proper claims payment through the use of (1) claims analytics, (2) process improvements, (3) integration of automation/technology, and (4) configurations setups. This role will support the internal development of Payment Intelligence initiatives including research and interpretation of healthcare policies and regulations, and experience in claims editing. Work You'll DoSupport the development, identification and analysis of payment accuracy opportunities through remediation with client counterparts Utilize analytics to identify claims payment opportunities through your knowledge of standard payment methodologies including Prospective Payment Systems (IPPS/OPPS), fee for service, Groupers, RUG, etc. Support process improvements and automation initiatives for clients Conduct research on current events, changes in regulatory requirements and market trends impacting health plan reimbursement Contribute to the preparation of client ready deliverables with clear and actionable insight Exercise sound judgement and clear and direct communication in all aspects of your work Other duties as assigned

Requirements:

2+ years of experience in a role within consulting, provider revenue cycle, a payment integrity vendor, and/or a payer organization
Foundational knowledge of claims processing across multiple lines of business, including Medicare, Medicaid, ACA/Marketplace, Commercial, and Duals
Experience across various spend areas, including professional, ancillary, outpatient, and inpatient services
Ability to identify and analyze mispaid claims to ensure accuracy and compliance
Knowledge of industry vendors and tools related to claims processing, provider data, and contract management
Understanding of end-to-end claims processes, including claims management, provider lifecycle, and network optimization
Strong professional communication skills, including written, verbal, interpersonal, and in-person presentation expertise
Experience coaching and mentoring team members
Advanced proficiency utilizing Microsoft ExcelStrong analytical, data interpretation, and problem-solving skills
Ability to identify client savings opportunities and develop actionable business cases
Bachelor's Degree or equivalent
Direct client interaction with possible travel to client locations
Must be legally authorized to work in the United States without the need for employer sponsorship

Compensation & Benefits:

Flexible PTO, monthly half-day refuels, volunteer time off, 10 paid holidays
Own Your Day flexible work policy
Competitive majority employer-paid benefits: Medical, Dental, Vision, 401K Match
Generous paid parental leave options
Employer paid Life Insurance, STD, LTDCharitable contribution matching program
New client commission opportunities and referral bonus program
Bike share discount program

The estimated base salary range for this position is $84,000 $102,000. In addition to this base salary, individuals may be eligible for an annual discretionary bonus. This range is a part of a competitive, total compensation package together with our majority employer-paid benefits, and incentive pay for eligible roles. Please note that this range is a guideline and individual total compensation may vary due to numerous factors including but not limited to experience level, certifications, and other relevant business considerations. AArete will accept applications until the position is filled. The job posting will be removed once the role is no longer available.

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