At a Glance
- Tasks: Lead contract negotiations and manage provider networks for a growing health insurance company.
- Company: Join WellSense Health Plan, a nonprofit dedicated to quality healthcare for all.
- Benefits: Enjoy remote work, competitive salaries, and excellent health benefits.
- Why this job: Make a real difference in healthcare while advancing your career in a supportive environment.
- Qualifications: Bachelor’s degree and 3+ years in contracting or analytics required.
- Other info: Diverse workplace with opportunities for professional growth and development.
The predicted salary is between 77000 - 112000 £ per year.
It’s an exciting time to join the WellSense Health Plan, a growing regional health insurance company with a 25-year history of providing health insurance that works for our members, no matter their circumstances.
Job Summary:
The Contract Manager facilitates development, implementation and management of new and current cost-effective provider networks for multiple products. Under the direction of the NH Director of Contracting and Provider Engagement, he/she performs all critical functions necessary to assess, develop, maintain and/or improve provider network adequacy and performance including leading NH product expansion, recruitment and contracting efforts. The Contract Manager will lead contract language and reimbursement negotiations with a variety of provider entities across New Hampshire and will ensure contract terms and conditions comply with financial and legal requirements of Plan and its regulatory entities.
Our Investment in You:
- Full-time remote work
- Competitive salaries
- Excellent benefits
Key Functions/Responsibilities:
- Assists our provider partners in the interpretation of data tools and analytics provided by the Plan, including Alternative Payment Arrangements (APMs) and Quality Incentive Programs (QIPs) reporting and other incentive programs developed.
- Ensures the contracting and implementation process is administered appropriately and ensures integrity of data. Ensures materials used with providers are accurate and appropriate for the given situation.
- Demonstrates knowledge of varying payment methodologies including but not limited to DRG, Capitation, APMs, Fee-for-Service, Per Diem, Per Case and Percent of Charges.
- Supports strategic network composition and design initiatives, consistent with the objectives of Well Sense.
- Leads and manages all aspects of provider implementation to ensure provider hierarchy and data are loaded appropriately in all relevant systems. This includes understanding and communicating unique arrangements and ensuring the Plan accurately administers those arrangements.
- Ensures provider compliance with contractual, regulatory and NCQA requirements and standards.
- Participates in cross-functional workgroups as requested.
- Gathers and analyzes data and other relevant intelligence in assessing provider network adequacy against required standards and business expectations.
- Identifies, assesses and develops strategies for improving provider and network cost, utilization and quality performance.
- Leads negotiations of financial and other contractual terms in all lines of business.
- Ensures all contract terms and conditions comply with financial and legal requirements of Well Sense and its regulatory entities (e.g., NH DHHS, Medicare, DOI etc).
- Develops and maintains business relationships with high-level representatives of key contracting hospitals, physicians and ancillary service providers.
- Participates in the development, implementation & continuous improvement of departmental policies, procedures, workflows, and tools as they relate to network development and provider contracting.
- Performs other duties as required to accomplish departmental and corporate goals & objectives.
Qualifications:
Education: Bachelor’s Degree in Health Care Administration, Business, related field, or an equivalent combination of education, training and experience is required.
Experience: 3 years of progressive experience in a contracting and analytical capacity in a leadership role is required for individuals with a baccalaureate degree, four years experience is required for individuals without a baccalaureate degree.
Competencies, Skills, and Attributes:
- Proven analytical skill in assessing and projecting financial, utilization and quality performance on an individual provider and network basis.
- In-depth knowledge and understanding of contract finance and provider reimbursement methodologies, including risk, shared savings, pay-for-performance and other financial incentive strategies.
- In-depth knowledge and understanding of current healthcare industry issues and trends, including national and state-level payment reform landscape and strategy (e.g., accountable care and patient centered medical home).
- Proven negotiation skills with hospitals, Integrated Delivery Networks, physicians and ancillary service providers.
- Proven skill in critical thinking and strategic planning and implementation.
- Knowledge of federal and state Medicare, Medicaid, and relevant guidelines, regulations and standards.
- Effective communication (verbal and written) and relationship building skills.
- Expertise in Microsoft Office programs and industry-standard financial applications as appropriate.
Compensation Range: $77,000 - $112,000. This range offers an estimate based on the minimum job qualifications. However, our approach to determining base pay is comprehensive, and a broad range of factors is considered when making an offer. This includes education, experience, skills, and certifications/licensure as they directly relate to position requirements; as well as business/organizational needs, internal equity, and market-competitiveness. In addition, WellSense offers generous total compensation that includes, but is not limited to, benefits (medical, dental, vision, pharmacy), merit increases, Flexible Spending Accounts, 403(b) savings matches, paid time off, career advancement opportunities, and resources to support employee and family wellbeing.
About WellSense: WellSense Health Plan is a nonprofit health insurance company serving more than 740,000 members across Massachusetts and New Hampshire through Medicare, Individual and Family, and Medicaid plans. Founded in 1997, WellSense provides high-quality health plans and services that work for our members, no matter their circumstances. WellSense is committed to the diversity and inclusion of staff and their members.
Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. WellSense participates in the E-Verify program to electronically verify the employment eligibility of newly hired employees.
Contract Manager in Manchester employer: WellSense Health Plan
Contact Detail:
WellSense Health Plan Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Contract Manager in Manchester
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect with potential colleagues on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching WellSense and understanding their values and mission. Tailor your responses to show how your experience aligns with their goals, especially in provider network management and contract negotiations.
✨Tip Number 3
Practice your negotiation skills! Since the role involves leading contract negotiations, being able to articulate your thoughts clearly and confidently will set you apart. Role-play with a friend or use online resources to sharpen those skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the WellSense team and contributing to their mission.
We think you need these skills to ace Contract Manager in Manchester
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Contract Manager role. Highlight your relevant experience in contracting and analytical capacities, and don’t forget to mention any specific skills that match the job description!
Show Off Your Skills: We want to see your negotiation skills and analytical prowess shine through! Use examples from your past experiences to demonstrate how you've successfully managed contracts or improved provider networks.
Be Clear and Concise: Keep your application straightforward and to the point. Use clear language and avoid jargon where possible. We appreciate a well-structured application that’s easy to read!
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way to ensure it gets into the right hands. Plus, you’ll find all the details you need about the role there.
How to prepare for a job interview at WellSense Health Plan
✨Know Your Numbers
As a Contract Manager, you'll need to demonstrate your analytical skills. Brush up on key financial metrics and reimbursement methodologies like DRG, Capitation, and APMs. Be ready to discuss how you've used data to improve provider performance in past roles.
✨Master the Art of Negotiation
Negotiation is a big part of this role, so come prepared with examples of successful negotiations you've led. Think about the strategies you used and the outcomes achieved. This will show your potential employer that you can handle contract terms effectively.
✨Understand the Regulatory Landscape
Familiarise yourself with the relevant regulations and standards, such as those from NH DHHS and Medicare. Being able to speak knowledgeably about compliance will set you apart and show that you understand the complexities of the healthcare industry.
✨Build Relationships
This role involves developing relationships with high-level representatives. Prepare to discuss how you've built and maintained professional relationships in the past. Highlight your communication skills and any cross-functional teamwork experiences that showcase your ability to collaborate.