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Albany Med Health System

Academic medical center delivering care, research

Contract Administrator - Value Based Initiatives

Business OperationsConfirmed live in the last 24 hours
Full-timeAlbany, NY, USA$77.1k - $119.5k

About the Job

Requirements

  • A bachelor's degree in Business and/or Health Care Administration, or an equivalent combination of relevant education and experience.
  • Four to six years of experience in managed care negotiations and managed care network operations.
  • One to three years of experience leading complex payer negotiations and mediation.
  • Maintain current knowledge of changes in federal and New York State regulations concerning the provision and reimbursement of medical services, including federal and New York State value-based payment roadmaps.
  • Maintain the absolute confidentiality of patients and AMHS contracts.
  • Ensure that access to sensitive information is based on need to know and is limited to the minimum necessary to perform assigned duties.
  • Protect sensitive information from unauthorized access and modification in accordance with Albany Med Health System policies and standards.

Responsibilities

  • Meet with payer, managed care organization, and agency representatives to evaluate current contracts or develop new contracting opportunities, focusing on value-based payment, including federal and New York State reform for AMHS; review proposals and make data-informed recommendations for internal consideration before negotiations.
  • Negotiate contract parameters and methodologies with the Director or at the direction of the VP for Payer Contracting, and prepare and present proposals representing AMHS’s position.
  • Work cross-functionally across AMHS to evaluate and develop proposals, identify opportunities and risks, and present them as directed; collaborate with Legal, Quality, Compliance, and other departments to ensure compliance and implementation capability.
  • Review the terms and performance of established contract portfolios and recommend methodology changes, including changes related to value-based payment, identifying opportunities and risks.
  • Mediate contract disputes to resolution and ensure internal and external compliance with contract provisions.
  • Monitor contract renewal dates, coordinate timely contract analyses with Finance and others, review risks, collaborate with Financial Reporting on modeling, understand modeling parameters, and report on them.
  • Provide contract education to system-wide departments, including executive leadership, Finance, Billing, Quality, Clinical Departments, and Practice Administration; respond to requests for information and follow-up.
  • Plan assigned presentations and meetings, prepare narratives, overheads, and handouts, and ensure accurate reporting for documentation and archiving.
  • Collect data independently, analyze it, complete spreadsheets and comparative and economic assessments, monitor contract performance, and report results; collaborate with Data Analytics to develop routine reporting instruments for AMHS.
  • Maintain broad knowledge of payers in the AMHS market and beyond, including contracted and non-contracted payers; gather data on major managed care organizations, including financials, membership, physician networks, and current or future marketing plans; develop, prepare, and present AMHS reporting instruments.
  • Promote system-wide, intra-departmental, and inter-departmental relationships and cooperate in resolving conflicts.
  • Perform special projects and assignments requested by the Director or VP for Payer Contracting and assist with IDS Affiliate payer-contracting processes.

Desired Qualifications

  • A master's degree in Business and/or Health Care Administration.

About the Company

Albany Med Health System

Academic medical center delivering care, research

Albany Medical Center is a major health system in northeastern New York that combines a 766-bed hospital, Albany Medical College, and a large physician practice. It delivers comprehensive clinical care—emergency and trauma services, pediatric care, ICUs, organ transplants—and offers education and biomedical research through its college and research enterprise. The system operates the region’s busiest emergency and trauma center and runs a large medical education and training program, graduating hundreds of doctors and allied health professionals each year. Its model links patient care, education, and research under one not-for-profit, regionally governed umbrella, Albany Med Health System. The goal is to provide high-quality patient care while expanding medical knowledge and training to improve regional health outcomes.

Company size
5,001-10,000
Company stage
Not listed
Total funding
Not listed
Headquarters
Albany, NY
Founded
Not listed

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