Medica Health Plans

Risk Adjustment Healthcare Analyst III

Medica Health Plans • $90K — $122K *
Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Healthcare Analytics, Data Analytics, Finance, Economics, Healthcare Administration, or a related field; Master's degree preferred.
  • Minimum 3 years of experience in healthcare analytics, reporting, or data analysis, with a preference for risk adjustment and CMS-related experience.
  • Deep understanding of HHS/CMS risk adjustment methodologies.
  • Proficiency in SQL, Python, SAS, R, or similar analytic tools.
  • Strong analytical skills to interpret complex datasets and generate actionable insights.

Responsibilities

  • Develop and enhance risk adjustment reporting and analytics, ensuring alignment with business needs.
  • Collaborate with cross-functional teams to support data-driven decisions and communicate findings effectively.
  • Ensure the quality and reliability of risk adjustment data through validation and reconciliation processes.
  • Monitor key performance indicators in risk adjustment and communicate insights to stakeholders.
  • Create dashboards and visualizations in tools like Tableau or Power BI to convey complex data.
  • Maintain knowledge of CMS guidelines and ensure reporting methodologies comply with regulations.
  • Identify and implement process improvements for analytics and reporting efficiency.

Benefits

  • Generous medical, dental, and vision plans.
  • Paid time off (PTO) and holidays, including volunteer time off.
  • 401K contributions to support retirement savings.
  • Caregiver services for employee support.
Full Job Description
The Risk Adjustment Healthcare Analyst (P3) is a senior-level individual contributor responsible for delivering complex, high-impact analytics and reporting that supports the organization's Risk Adjustment strategy. This role translates healthcare and claims data into actionable insights that inform financial performance, coding accuracy, and regulatory compliance.

Operating with minimal supervision, the analyst independently owns assigned analytics and reporting deliverables and serves as a trusted analytical resource to cross-functional partners including actuarial, finance, clinical, and operational teams. The role requires strong applied analytics expertise, solid understanding of CMS risk adjustment methodologies, and the ability to clearly communicate insights to diverse audiences.

Key Accountabilities

  • Risk Adjustment Analytics & Reporting
    Independently develop, maintain, and enhance complex risk adjustment reporting and analytic solutions, including HCC coding accuracy, RAF score performance, and financial impact analysis. Ensure outputs are accurate, timely, and aligned with business needs.
  • Cross-Functional Partnership
    Collaborate closely with actuarial, finance, clinical, quality, and operational partners to support data-driven decision-making. Serve as an analytical resource by explaining results, assumptions, and implications of risk adjustment analytics.
  • Data Quality & Validation
    Ensure the integrity, consistency, and reliability of risk adjustment data through established validation and reconciliation processes. Identify data quality issues, conduct root-cause analysis, and recommend corrective actions.
  • Performance Monitoring & Insight Generation
    Monitor and analyze key risk adjustment performance indicators. Identify trends, variances, and anomalies, and proactively communicate findings and implications to stakeholders.
  • Data Visualization & Communication
    Design and deliver dashboards and visualizations (e.g., Tableau, Power BI) that clearly communicate complex analytical findings to technical and non-technical audiences.
  • Regulatory & Methodology Awareness
    Maintain working knowledge of CMS risk adjustment guidelines and model changes. Ensure analytic outputs and reporting methodologies align with current regulatory requirements.
  • Process Improvement
    Identify opportunities to improve analytic processes, reporting efficiency, and data usability. Contribute to standardization and documentation of analytic approaches within the team.


Required Qualifications

  • Education
    Bachelor's degree in Healthcare Analytics, Data Analytics, Finance, Economics, Healthcare Administration, or a related field. Master's degree preferred.
  • Experience
    Minimum of 3 years of experience in healthcare analytics, reporting, or data analysis. Experience supporting risk adjustment, Medicare Advantage, or CMS-related programs strongly preferred.


Technical Skills

  • Understanding of HHS/CMS risk adjustment methodologies,
  • Proficiency in SQL and analytic tools such as Python, SAS, R, or similar


  • Analytical Skills
    Strong ability to analyze complex datasets, interpret results, and translate findings into clear, actionable insights.
  • Communication & Collaboration
    Demonstrated ability to communicate analytical findings effectively and collaborate with cross-functional partners.
  • Attention to Detail
    High level of accuracy, organization, and accountability, with a strong commitment to data quality.


This position is an Office role, which requires an employee to work onsite, on average, 3 days per week. We are open to candidates located near one of the following office locations: Minnetonka, MN, or Madison, WI.

The full salary grade for this position is $90,500 - $155,200. While the full salary grade is provided, the typical hiring salary range for this role is expected to be between $90,500 - $122,835. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and/or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

Eligibility to work in the US: Medica does not offer work visa sponsorship for this role. All candidates must be legally authorized to work in the United States at the time of application. Employment is contingent on verification of identity and eligibility to work in the United States.

About Medica Health Plans

Medica Health Plans is a non-profit health insurance company based in Minnesota. It was founded in 1975 and provides health insurance to individuals, families, and employers in Minnesota, North Dakota, South Dakota, and Wisconsin. Medica offers a variety of health plans, including HMO, POS, PPO, and Medicare Advantage plans. The company also offers dental, vision, and pharmacy benefits. Medica has received high ratings for customer satisfaction and quality of care. The company is committed to improving the health of its members and the communities it serves.
Learn more about Medica Health Plans
Size
1,700 employees
Industry
Founded
1975

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