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Contract Negotiator

AT CVS Health
CVS Health

Contract Negotiator

Little Rock, AR

At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.Position Summary

  • Responsible for helping to create and maintain a Network Database to track key financial contracting provisions such as Charge Master (CDM) increases, Fiscal Intermediary (FI) updates, etc... and helping network stay on top of requesting and processing this information annually.
  • Responsible for auditing, building, and loading contract updates, agreements, amendments, and/or fee schedules in contract management systems per Aetna established policies.

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  • Track, submit and update the Charge Master and Fiscal Intermediary (FI )updates in Strategic Contract Manager (SCM) for Rural Health Centers (RHC) and Critical Access Hospitals (CAH)
  • Help with SCM updates for demographic or provider tab updates only
  • Help with simple correction updates in SCM
  • Assist with Late Load policy provisions as needed
  • Provides network development, maintenance, and refinement activities and strategies in support of cross market network management unit.
    • Research and report at team meetings on the Network Communications, Newsletter updates etc.
    • Create and maintain a resource folder on the share drive with various information.
    • Pull down the rates for Aetna Market Fee Schedules, Outpatient Groupers, Drugs, Medicare rates and file quarterly for network use.
  • Collaborates cross-functionally to manage Hospital, Ancillary and provider submission of contractual information, and the review and analysis of audits.
    • Help coordinate Business Intent Reviews requests with operations
    • Perform necessary SCM audit- correction audit, contract compare
    • Assist with Pre-signature audit findings
  • Ensures resolution of escalated issues related, but not limited to, claims payment, contract interpretation and parameters, or accuracy of provider contract or demographic information.
    • Maintain the Rates Inquiry Tracking Tool (RITT) mailbox for both Kansas City and Wichita
    • Assist with claims issues and settlement processes.
  • Support health plan with expansion initiatives or other contracting activities as needed, such as Medicare and IFP Expansion/Access reporting.
    • Help to monitor and respond to the onboarding tools regarding provider requests for contracts
    • Send out Non-Disclosure Agreements (NDA's ) when contractor is working with a consultant
    • Maintain Essential Community Provider (ECP) provider gaps for IFP and Medicare
    • Coordinate the Network Selection Committee call
  • Preparing reports and presenting to Network Management leadership
    • Help track coding updates/process- DRG, HIPAA
    • Maintain a full hospital listing with assignments
    • Monitor the Credentialing Non-responder and notify contractor when outreach is needed
  • Required Qualifications
    • 3+ years of experience working with ancillary providers, facilities, physician groups, and IPAs, including contract language, development and analysis of rate proposals, identifying operational and financial improvement opportunities, and collection and analysis of competitive data and key financial metrics.
    • Understanding of common contract provisions, provider reimbursement methodologies and terms, and industry standard payment policies and practices.
    • Demonstrates high proficiency with Microsoft Office suite applications (e.g., Outlook, Word, Excel, etc.)
    • Detail-oriented with strong communication, analytical and negotiation skills.
    • Able to manage expectations and maintain strong relationships, both internally and externally.
    • Ability to build collaborative relationships with providers and work cross-functionally to resolve complex provider contract issues.
    • Highly organized and able to successfully manage and prioritize multiple projects, issues, and other tasks to ensure completion and meet deadlines.
    Preferred Qualifications
    • Healthcare Industry experience with either a payer or provider
    • Strong communication, critical thinking, problem resolution and interpersonal skills.
    • Internal Aetna system knowledge a plus.
    • Strong problem resolution and decision-making skills.
    Education
    • Bachelor's Degree or equivalent combination of education and professional work experience.
    Anticipated Weekly Hours
    40Time Type
    Full timePay Range

    The typical pay range for this role is:$54,300.00 - $132,600.00This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
    • Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
    • No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
    • Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.
    For more information, visit https://jobs.cvshealth.com/us/en/benefitsWe anticipate the application window for this opening will close on: 06/13/2025Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

    Client-provided location(s): Little Rock, AR, USA
    Job ID: CVS-R0550669_1002
    Employment Type: Full Time

    Perks and Benefits

    • Health and Wellness

      • Health Insurance
      • Dental Insurance
      • Vision Insurance
      • Life Insurance
      • HSA
      • HSA With Employer Contribution
      • Pet Insurance
      • Mental Health Benefits
    • Parental Benefits

      • Fertility Benefits
      • Adoption Assistance Program
      • Family Support Resources
    • Work Flexibility

      • Flexible Work Hours
      • Remote Work Opportunities
      • Hybrid Work Opportunities
    • Vacation and Time Off

      • Paid Vacation
      • Paid Holidays
      • Personal/Sick Days
    • Financial and Retirement

      • 401(K) With Company Matching
    • Professional Development

      • Tuition Reimbursement
    • Diversity and Inclusion

      • Employee Resource Groups (ERG)
      • Diversity, Equity, and Inclusion Program