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Albany Medical College

Biotech discovery, development, and commercialization hub

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 is required; an equivalent combination of relevant education and experience may be substituted as appropriate.
  • Four to six years of experience in managed care negotiations and managed care network operations are required.
  • One to three years of experience in and ability to lead complex payer negotiations and mediation are required.
  • Access to sensitive information must be limited to the need to know and minimum necessary to perform assigned duties; information must be protected from unauthorized access and modification.

Responsibilities

  • Meet with payer, managed care organization, and agency representatives to evaluate current contracts or develop new contracting opportunities focused on value-based payment, including Federal and New York State reforms; review proposals and make data-informed recommendations for internal consideration before negotiations.
  • In conjunction with the Director or at the direction of the Vice President for Payer Contracting, negotiate contract parameters and methodologies 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 capabilities.
  • Review terms and performance of established contract portfolios and recommend methodology changes, including changes related to value-based payment, while identifying opportunities and risks.
  • Mediate contract disputes to resolution and ensure internal and external compliance with contract provisions.
  • Monitor contract renewal dates and coordinate with Finance and others to ensure timely contract analyses; 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 presentations and meetings, prepare narratives, overheads, and handouts as assigned, and ensure accurate reporting in prepared presentations for documentation and archiving.
  • Collect and analyze data independently, complete spreadsheets with comparative and economic assessments, and report findings on contract performance; collaborate with Data Analytics to develop routine reporting instruments for AMHS.
  • Maintain knowledge of payers in the AMHS market and beyond, including contracted and non-contracted payers; gather data on managed care organizations, including financials, membership, physician networks, and current and future marketing plans; develop and present reporting instruments for AMHS.
  • Maintain confidentiality of patients and AMHS contracts.
  • Contribute to system-wide, intra-departmental, and inter-departmental relationships and cooperate in resolving conflicts.
  • Perform special projects and assignments as requested by the Director or Vice President for Payer Contracting, and assist with IDS Affiliate contracting processes related to payer contracting.
  • Keep knowledge current regarding Federal and New York State regulations on the provision and reimbursement of medical services, including Federal and New York State value-based payment roadmaps.
  • Travel to affiliate locations for scheduled meetings.

Desired Qualifications

  • A Master's degree in Business and/or Health Care Administration is preferred.

About the Company

Albany Medical College

Biotech discovery, development, and commercialization hub

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
Not listed
Total funding
Not listed
Headquarters
Albany, NY
Founded
2014

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