Senior Revenue Analyst

Hawaii Medical Service Association

$88K — $105K *
Healthcare
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree plus five years of related experience, or equivalent combination of education and work experience.
  • Strong presentation skills to communicate effectively with peers and executives.
  • Working knowledge of Medicare Advantage, Medicaid, and ACA revenue cycles for payers.
  • Strong understanding of claims processes, health plan financial data, and the health industry structure.
  • Advanced proficiency in Microsoft Office applications, particularly Excel and PowerPoint.

Responsibilities

  • Analyze and forecast premium revenue and risk adjustment payments with minimal guidance.
  • Interpret financial and enrollment data to identify opportunities and issues compared to expectations.
  • Evaluate data needs and implement solutions to optimize revenue through accurate coding and documentation.
  • Develop financial models to assess impacts of regulatory changes and market dynamics on revenue.
  • Perform variance analysis to clarify discrepancies between actual and projected revenue, providing insights to leadership.
  • Collaborate with actuarial, finance, compliance, and operations teams for accurate revenue reporting.
  • Ensure compliance with internal policies and maintain thorough documentation for auditing purposes.

Benefits

  • Hybrid work environment allowing flexibility in work location.
  • Opportunities for professional development and mentorship.
  • Involvement in strategic decision-making impacting financial outcomes.
  • Engagement with various departments providing a broad perspective on revenue generation.
Full Job Description
  1. Reporting, Research & Analysis
    • Analyzes and forecasts premium revenue, risk adjustment payments, and other revenue streams related to lines of business with minimal guidance.
    • Interprets financial and enrollment data from internal and external sources, identifying opportunities and problems compared to anticipated outcomes.
    • Evaluates financial data needs and identifies and implements solutions for program driving accurate coding and documentation to optimize revenue.
    • Develops and maintains financial models to assess the impact of regulatory changes, enrollment trends, and market dynamics on revenue.
    • Variance analysis: identify and explain variances between actual and projected revenue, providing actionable insights to leadership.
    • Collaborates with actuarial, finance, compliance and operations teams to ensure accurate revenue recognition and reporting.
  2. Compliance & Documentation
    • Ensure all revenue analysis and reporting adhere to internal policies and regulatory guidelines, and recommends strategic alternatives.
    • Develops, maintains, and analyzes appropriate documentation of desktop procedures for reconciliation and audit needs.
    • Builds and maintains in-depth knowledge of revenue structures and regulations and conceptual knowledge of related activities.
  3. Leadership & Continuous Improvement
    • Recommends and implements process enhancements to improve the accuracy and efficiency of revenue analysis.
    • Mentors junior analysts and may be assigned project lead requiring some resource planning assignments.
  4. Performs all other miscellaneous responsibilities and duties as assigned or directed.


#LI-Hybrid

  1. Bachelor's degree and five years of related experience; or an equivalent combination of education and related work experience.
  2. Strong presentation skills to peers, management and executive staff.
  3. Working knowledge of Medicare Advantage, Medicaid, and/or ACA revenue cycles for payers.
  4. Strong Working knowledge of claims, health plan financial data, and health industry structure.
  5. Advanced knowledge of Microsoft Office applications, including but not limited to Word, Excel, Outlook, and PowerPoint.

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