Manager, Payer Contracts

Manager, Payer Contracts Overview

• The Manager, Payer Contracts will lead strategic payer contract negotiations and revenue optimization efforts for a healthcare organization.
• Collaborate with senior leadership to develop and implement effective contract strategies aligned with organizational goals.
• Analyze payer proposals and identify opportunities to enhance financial performance and strengthen partnerships.
• Ensure timely renewal and execution of agreements to maintain operational continuity and compliance.
• Provide strategic insights and recommendations for improving contract management processes and outcomes.
• Develop and maintain strong relationships with payer organizations to support long-term organizational success.
• Utilize advanced financial software and tools for contract analysis and performance evaluation.
• Support the professional development of team members within the payer contracts department.

Manager, Payer Contracts Key Responsibilities & Duties

• Negotiate and manage payer contracts to align with organizational standards and objectives.
• Analyze financial performance by payer using advanced software and reporting tools.
• Develop strategies to enhance contract performance and strengthen payer relationships.
• Ensure timely contract renewals and execution to support operational needs.
• Collaborate with senior leadership on contract strategy and decision-making processes.
• Supervise and mentor team members, fostering professional growth and development.
• Maintain compliance with industry regulations and standards in contract management.
• Provide detailed reporting and analysis to support organizational decision-making.

Manager, Payer Contracts Job Requirements

• Bachelor's degree in economics, business, finance, or healthcare required; Master's degree preferred.
• Minimum of seven years of experience in hospital or healthcare insurance payer contracting.
• Proven expertise in negotiating and managing payer contracts and analytics.
• Advanced proficiency in Excel, hospital billing systems, and financial software tools.
• Strong verbal and written communication skills for effective stakeholder engagement.
• Ability to analyze complex situations and implement effective solutions.
• Knowledge of principles and practices in contract administration and negotiation strategies.
• Physical ability to perform clerical and administrative tasks as required.