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Job Description:

Risk Adjustment Strategic Manager

Location: Virginia, Indiana, Georgia, Tennessee, Connecticut, New York, New Jersey, Maine, Kentucky

This role requires associates to be in-office1 - 2days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unlessaccommodationis granted as required by law.

The Risk Adjustment Strategic Manager is responsible for overseeing the day-to-day operations and strategic execution of enterprise risk adjustment programs, including prospective and retrospective initiatives, provider engagement and education, data submissions, vendor oversight, and audit readiness. This role serves as a strategic partner to business leadership by driving operational excellence, ensuring compliance with Centers for Medicare & Medicaid Services (CMS) requirements, and supporting initiatives that optimize revenue integrity and program performance.

How you will make an impact:

• Assists management by overseeing day to day operations for risk adjustment programs including both prospective and retrospective, claims, vendor quality, and audits.
• Develops metrics, policies, and procedures in support of required deliverables and validation of programs return on investment while ensuring the programs are in compliance with Center for Medicare and Medicaid Services (CMS) program requirements.
• Serves as a strategic partner to the business and contributes to ideas and solutions.
• Influences others and works effectively to establish and develop working relationships both internally and externally with business stakeholders.
• Obtains and complies trend data and educates providers.
• Collaborates with the operations risk and compliance teams in implementing and deploying Enterprise Risk and Compliance initiatives, processes, and tools.
• Effectively drives remediation of risks and issues by collaborating with Business Operations, Internal Audit and Regulatory Compliance.
• Finds root cause and recommends innovative solutions.
• Provides oversight and ensures complete and accurate coding for Medical Revenue Management programs driving the revenue we receive from CMS.
• Serves as a subject matter expert on coding.
• Leads and consults with operations on ad hoc requests/special projects.
• Works collaboratively with Enterprise Risk Adjustment team, Business Operations, Regulatory Compliance, and Internal Audit.
• Oversee daily operations of risk adjustment programs across prospective and retrospective initiatives.
• Provide oversight of provider engagement, provider education, data submissions, vendor quality performance, and audit activities.

Minimum Qualifications:

• Requires a BA/BS in a related field and minimum of 5 years of experience in a managed care setting with extensive risk adjustment experience with a focus on CMS audit experience; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities and Experiences:

• Coding knowledge strongly preferred.

• MBA or MHA in Healthcare Administration preferred.
• Experience working on the payer side of the health insurance industry strongly preferred.
• Strong understanding of risk adjustment models, including: Medicare Advantage, Medicaid, ACA Commercial is preferred.
• Knowledge of value-based care providers and provider reimbursement models preferred.
• Experience working directly with providers and/or provider group leadership strongly preferred.
• Preferred background in Clinical Documentation Improvement (CDI) and medical coding practices.
• Certified coder credential preferred (e.g., CPC, CRC, CCS, RHIT, RHIA).
• Executive-level communication and presentation skills preferred.
• Moderate to advanced proficiency in Microsoft Excel, Tableau, or other data reporting and analytical tools preferred.

For candidates working in person or virtually in the below locations, the salary* range for this specific position is $102,960 to $ 185,328

Location(s):New York, New Jersey

In addition to your salary, Elevance Health offers benefits such as a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education, and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Companys sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

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Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.