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Abbott

Makes heart devices, glucose sensors and lab tests

Managed Care Contracting Specialist

Contract ManagementUpdated on Nov 11
Full-time$83.3k - $166.6k

About the Job

Requirements

  • An associate degree or equivalent, or 3+ years of experience in managed care, payer relations, or healthcare sales, preferably in Durable Medical Equipment or Independent Diagnostic Testing Facilities.
  • A strong understanding of payer contracting, reimbursement methodologies, and healthcare regulations.
  • Proficiency in customer relationship management and contract management systems.
  • Ability to attend job-related courses and seminars as required.
  • Ability to use office equipment relevant to job functions.

Responsibilities

  • Review, analyze, and renegotiate Durable Medical Equipment and Independent Diagnostic Testing Facilities contracts to align with organizational goals and market standards.
  • Ensure all agreements comply with federal, state, and payer regulations.
  • Identify opportunities for cost savings and improved service delivery through contract optimization.
  • Draft, review, and execute Letters of Agreement for special arrangements or exceptions, including resolving billing and payment issues with non-contracted providers.
  • Monitor contract performance, reimbursement trends, and regulatory changes, and provide reporting and strategic insights to leadership.

Desired Qualifications

  • Experience working with Medicare Advantage, Medicaid managed care organizations, and commercial payers to obtain Letters of Agreement.
  • Familiarity with Healthcare Common Procedure Coding System coding and billing practices for Durable Medical Equipment and diagnostic services.
  • Ability to interpret and explain clinical documentation to payers.

About the Company

Abbott

Makes heart devices, glucose sensors and lab tests

Abbott makes medical devices, diagnostic tests, nutrition products and branded generic drugs for hospitals, laboratories, pharmacies and patients. Its best-known product is the FreeStyle Libre, a coin-sized sensor worn on the upper arm that tracks blood sugar around the clock without routine finger pricks. Its other lines run from heart valves, pacemakers and brain stimulators to lab analyzers, rapid tests and mail-in colon cancer screening kits, and Abbott earns money by selling these products to health systems, labs, retailers and consumers. The company was founded in 1888 by Chicago physician Wallace Abbott and is based in Abbott Park, Illinois.

Company size
10,001+
Company stage
IPO
Headquarters
Abbott Park, IL
Founded
1888

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