Healthcare Economics Analyst - Remote

Awarded the Best Place to Work 2021, Blue Cross Blue Shield of Arizona helps to fulfill its mission of improving the quality of life of Arizonans by delivering a variety of health insurance products and services to meet the diverse needs of individuals, families, and small and large businesses as well as providing information and tools to help individuals make better health decisions. This remote work opportunity requires residency, and work to be performed, within the State of Arizona. This is an Arizona and remote opportunity. Pay: $67,000.00 - $115,000.00 per year Blue Cross Blue Shield of Arizona (BCBSAZ) is urgently hiring entry, mid, and senior level MedCost Analysts to provide ideation and analytical support for medical cost improvements in collaboration with key clinical, provider, strategy, finance, and actuarial business partners. In your role as MedCost Analyst, you’ll support our mission of improving the quality of life for Arizonans by identifying, analyzing, and validating healthcare data metrics, trends, and patterns. As you do, expect to thrive in an energetic, diverse environment, championed by an organization consistently named a Best Places to Work and Most Admired Company in Arizona. What to Expect: Inspiring Health in Arizona Starts with You Our benefits support work-life balance and the flexibility you need to be your best. They include: Remote, in-office, and hybrid work options within the state of Arizona Eleven (11) paid holidays, including a floating holiday you can use any time you wish Accrued paid time off (up to 16 days per calendar year) Comprehensive medical, dental, and vision coverage 401(k) up to 5% dollar-per-dollar match, 2% non-elective employer contribution Up to 12% annual bonus based on corporate goals and individual performance Eight (8) paid volunteer hours to support our mission of inspiring health Tuition reimbursement for you; scholarship opportunities for your children Employee discounts, gym reimbursement, and wellness programs Treadmill desks, full-service fitness center, onsite cafeterias Ongoing training for employees who wish to grow in their careers, acquire skills, and become managers To thrive in this job, you must be able to: Provide accurate, timely, and reliable delivery of data, metrics, reporting, and analysis in support of multiple strategic goals, mandates, and legislation Develop and analyze business performance reports for claims data, healthcare provider data, and utilization data and provide notations of performance deviations and anomalies Perform ad hoc and drill-down analyses on product trends as well as draw insights and identify areas of opportunity for medical cost savings Utilize SAS to query multiple data warehouses, develop processes, write/revise programs, and create databases Model financial impact analyses for a variety of business initiatives Partner with peers to establish, evaluate, and continually improve measurement methodologies, while adhering to nationally accepted analytic and reporting standards Act as liaison to both internal business partners and external providers or vendors Create, modify, maintain, and enhance existing programming or business processes associated with specific responsibilities Interpret, communicate, and present results to all levels of management in consistent and easily understood formats to facilitate fact-based decision making Prepare written documentation on projects to provide a peer review trail and ensure continuity and integrity Build and maintain close working relationships with internal stakeholders and key external client contacts (e.g. Providers, Internal Clinicians, Vendors, Customers, Brokers, Blue Cross Blue Shield Association, Blues Plans, Auditors). We are looking for someone with: Broad understanding of health insurance terms and concepts Analytical knowledge to generate analytic solutions Ability to solve problems independently and draw accurate conclusions from data using basic analytic techniques Ability to prioritize multiple tasks, sometimes under limited time constraints Ability to maintain confidentiality and privacy Ability to distill and communicate financial levers and impacts to non-technical audiences Willingness to build and maintain productive working relationships Qualifications At least 1 year of experience in data analysis using analytical tools and processes Bachelor's degree in mathematics, statistics, business, or related field of study Intermediate PC proficiency, including database, presentation, spreadsheet, and word processing Intermediate proficiency in computer programming, including SAS and other business intelligence programs Intermediate understanding of data management principles Why Join Blue Cross Blue Shield of Arizona? At BCBSAZ, your pursuit of balance, happiness, and fulfillment is supported through our Workability model. Workability is our future hybrid workforce strategy and defines where and how we do our jobs: 100% remote, 100% in the office or somewhere in-between. No matter where you choose to work, we want you to be well. Our award-winning healthy campus in Phoenix is always available to you. Access telehealth services at our BlueCare Anywhere kiosk, fuel up with healthy meals and snacks at our cafeterias and Work Perks Café, and make the most of our onsite fitness center by taking advantage of personal trainers, a nutritionist, Health Support programs, and daily group fitness classes, including spin, yoga, and Zumba. Our Commitment BCBSAZ does not discriminate in hiring or employment on the basis of race, ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status or any other protected group. Thank you for your interest in Blue Cross Blue Shield of Arizona. For more information on our company, see azblue.com. If interested in this position, please apply.