Pricing Analyst I (Hospital CDM & Pricing)
83196BR
Finance Case Mix Reimb and Mgd Care
Status
Full-Time
Standard Hours per Week
40
Job Category
Finance,
Regular, Temporary, Per Diem
Regular
Pay Range
$55,369.60-$88,576.80 Annual
Office/Site Location
Boston
Remote Eligibility
Full-Time Remote
Job Posting Description
At Boston Children’s Hospital, the quality of our care – and our inclusive hospital working environment – lies in the diversity of our people. With patients from local communities and 160 countries around the world, we’re committed to reflecting the spectrum of their cultures, while opening doors of opportunity for our team. Here, different talents pursue common goals. Voices are heard and ideas are shared. Join us, and discover how your unique contributions can change lives. Yours included.
The Pricing Analyst I will assist in assessing data from a variety of sources which is used to derive insights into pricing strategies and market trends. The Pricing Analyst will use a number of quantitative and qualitative methods to analyze competitor pricing, assess market share and margins, and track customer engagement in order to gain a complete picture of effective pricing strategies for BCH’s offerings. The PA I will assist with monitoring the hospital Charge Description Master (CDM), ensuring accuracy of the current CDM in addition to performing ongoing financial analytics relating to any changes made to billing, pricing, etc. This is a remote position, and will require work hours between 8:00a – 5:00p Eastern.
Key Responsibilities:
- Collects data and implements pricing of programs and services consistent with the hospital’s pricing policy. Assists in developing new charge codes for services requested throughout the hospital. Coordinates necessary system changes as a result of new/revised pricing.
- Conducts monthly review and reconciliation of supply costs that will result in Quarterly/Annual pricing updates for supplies on the CDM.
- Assists in compiling financial analytics for mid-year and annual pricing changes. Provides ad-hoc analyses and ongoing reporting supporting pricing changes.
- Assists in updating the hospital charge master as required for all of the yearly updates of all changes required for the Current Procedural Terminology (CPT) and Healthcare Common Procedure Coding System (HCPCS) codes.
- Identifies and analyzes charge inconsistencies and recommends solutions to Supervisor.
- Reviews CMS quarterly updates to ensure the CDM is compliant with quarterly changes. Communicates updates to departments and Patient Financial Services.
- Attends educational seminars to stay current on pricing, reimbursement, billing and coding issues
Minimum Qualifications
Education:
- Bachelor’s degree in business, finance, or a related field required.
Experience:
- 1-2 years of related experience in financial analysis, preferably in a Healthcare setting.
The posted pay range is Boston Children’s reasonable and good-faith expectation for this pay at the time of posting.
Any base pay offer provided depends on skills, experience, education, certifications, and a variety of other job-related factors. Base pay is one part of a comprehensive benefits package that includes flexible schedules, affordable health, vision and dental insurance, child care and student loan subsidies, generous levels of time off, 403(b) Retirement Savings plan, Pension, Tuition and certain License and Certification Reimbursement, cell phone plan discounts and discounted rates on T-passes. Experience the benefits of passion and teamwork.
Boston Children’s Hospital is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, gender, sexual orientation, pregnancy, national origin, ancestry, ethnicity, age, disability, military or veteran status or any other classification protected by law in hiring, promotion, compensation and other terms and conditions of employment. Boston Children’s Hospital collects and maintains information regarding gender, race, and ethnicity for equal opportunity compliance purposes. Boston Children’s Hospital also is subject to various government recordkeeping and reporting requirements for the administration of civil rights laws and regulations.
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