Full-Time

Contract Administrator

Value Based Initiatives

Posted on 5/16/2026

Albany Medical College

Albany Medical College

1-10 employees

Biotech discovery, development, and commercialization hub

Compensation Overview

$77.1k - $119.5k/yr

Albany, NY, USA

In Person

Travel to affiliate locations (Saratoga Hospital, Glens Falls Hospital, Columbia Memorial Hospital) required.

Category
Finance & Banking (1)
Required Skills
Data Analysis
Financial Modeling
Requirements
  • Bachelor's Degree in Business and/or Health Care Administration required
  • Master's Degree in Business and/or Health Care Administration preferred
  • Equivalent combination of relevant education and experience may be substituted as appropriate
  • 4-6 years in managed care negotiations and managed care network operations required
  • 1-3 years in leading complex payer negotiations and mediation
Responsibilities
  • Makes data-supported recommendations, supports development of AMC/IDS AMHS contracting strategies, and, as assigned, negotiations/negotiates with established and new payers, both commercial and governmental
  • Support functions include economic and risk assessments in collaboration with Corporate System Finance and ensuring implementation and operational performance of such contracts, consistent with the negotiated terms
  • Prepares contract proposals for internal review and consideration, prepares for and conducts meetings/negotiations, presentations, and other organizational functions as assigned
  • Maintains strong relationships working collaboratively across AMC/IDSAMHS and payer organizations, including coordinating operational input across all applicable internal System departments including Practice and Hospital Administration, Billing, Finance, Information Systems, Utilization Management, Quality, Credentialing, Managed Care Organizations, payer, and other related internal and external entities
  • For each AMC/IDSAMHS contract portfolio assists with development of reporting instruments including contract performance parameters and/or profit/loss comparisons by service
  • Works collaboratively within the Department to develop payer profiles to include membership, market share, financials, products and volumes at AMC/IDSAMHS
  • Meets with representatives of payers, managed care organizations and other agencies to assist in evaluation of current contracts or development of new contracting opportunities, focused on value based payment, including Federal and NYS reform for AMHS
  • Reviews proposals and makes data informed recommendations for internal consideration in preparation for negotiations
  • In conjunction with Director or VP negotiates contract parameters and methodologies and prepares/presents proposals representing AMHS’s position
  • Works cross functionally across AMHS to evaluate and develop such proposals identifying opportunities and risks
  • Presents opportunities and risks as directed
  • Collaborates with Legal, Quality, and Compliance Department and other departments across AMHS to ensure compliance and implementation capabilities
  • Reviews terms and performance of each established contract portfolio; makes data informed recommendations for methodology changes including but not limited to those related to value based payment identifying opportunities and risks
  • Mediates contract disputes to resolution and ensures compliance with contract provisions
  • Monitors contract renewal dates to ensure appropriate review; coordinates with Finance to ensure timely/applicable contract analyses
  • Reviews for risks and works collaboratively with Financial Reporting to ensure appropriate modeling; understands all modeling parameters and reports on such
  • Responsible for contract education to various System-wide departments, including executive leadership, Finance, Billing, Quality, Clinical Departments, and Practice Administration as required; responds to requests for further information and follow-up as required
  • Plans presentations and meetings including preparing narrative, overheads and handouts as assigned; ensures accurate reporting in all prepared presentations for documentation/archiving
  • Monitors contract performance by independently collecting data, analyzing and completing spreadsheets to include comparative and economic assessments and reports on such; works collaboratively with Data Analytics to develop routine reporting instruments for AMHS
  • Maintains broad knowledge of payers in the AMHS market and beyond, whether contracted or not; assists with gathering of current data on all major managed care organizations, including information regarding: financials, current membership, physician networks and current/future marketing plans; assists with the development of and prepares/presents reporting instruments for the AMHS
  • Maintains the absolute confidentiality of patients and AMHS contracts
  • Promotes and contributes positively to System-wide, intra-departmental and inter-departmental relationships by cooperating with the resolution of conflicts which may develop
  • Performs special projects and assignments as requested by the Director or VP for Payer Contracting; assists with IDS Affiliate contracting processes related to payer contracting
  • Knowledge base must remain current in changes regarding Federal and New York State regulations of provision/reimbursement of medical services including but not limited to federal and NYS VBP Roadmaps
Desired Qualifications
  • Master's Degree in Business and/or Health Care Administration preferred
  • Experience with value-based payment models in Federal and New York State reform for psychiatric/ambulatory health services (AMHS) preferred
  • Strong negotiation and mediation skills with demonstrated success in complex payer negotiations preferred
Albany Medical College

Albany Medical College

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The Biomedical Acceleration and Commercialization Center (BACC) at Albany Medical College focuses on turning bio-discovery into real healthcare products and services. It runs an ecosystem that brings together entrepreneurs, inventors, academic researchers, and students to refine technologies, access resources and facilities, and connect with mentors and industry experts to grow biotech ventures. Unlike groups that only do research or funding, BACC provides hands-on support, space, and connections to help ideas move toward commercial development and broader patient impact. Its goal is to discover, develop, and accelerate breakthrough biotechnologies that improve patient experiences and outcomes while contributing to regional economic growth.

Company Size

1-10

Company Stage

N/A

Total Funding

N/A

Headquarters

Albany, New York

Founded

2014

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Simplify's Take

What believers are saying

  • Advanced simulation facilities expand BACC's training technology opportunities.
  • MD curriculum restructuring enables BACC innovations in medical training.
  • Combined degrees with RPI, Union, Siena produce BACC collaborators.

What critics are saying

  • ACPHS AMPS at 150 New Scotland competes directly, drawing startups now.
  • Siena BACC Academy siphons leadership training and $25,000 funding.
  • Internal Office internalizes IP, grants, incubation, eroding BACC value.

What makes Albany Medical College unique

  • BACC launched in 2015 as Albany Med's biotech incubator on campus.
  • BACC provides wet labs, business guidance, and physician connections.
  • BACC houses seven resident companies and three affiliates near capacity.

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Benefits

Health Insurance

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