Finance Manager Job at Imperial Health Plan of California, Inc., Pasadena, CA

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  • Imperial Health Plan of California, Inc.
  • Pasadena, CA

Job Description

People are the most important asset of Imperial , for this reason the difference and plurality of people, equality of opportunities, non-discrimination and inclusion in the workplace are priority and strategic factors in the Organization. Imperial maintains a strong will to promote Diversity, Equity, and Inclusion, through inclusive leadership as a lever change and business sustainability.

About Us: Join our dynamic team at Imperial Management Administrators Services (IMAS), a Management Service Organization (MSO) that manages a portfolio of healthcare entities, including Imperial Health Plan of California, Inc. (a 3.5-star MAPD plan), Imperial Insurance Companies (ACA), Imperial Health Holdings, A Professional Medical Group (California RBO), among others. We are dedicated to providing value-based care to members while maintaining compliance with regulatory requirements.

Our Mission: To deliver valuable care so that members are healthy in body, mind, and spirit to achieve their inherent potential.

Our Vision: To deliver value based care that is clinically effective, sustainable, and achieves exceptional outcome.

THIS IS IN-OFFICE - NO REMOTE IS AVAILABLE

Job Summary: We are seeking a detail-oriented and experienced Finance Manager to oversee / manage Financial Analysts and key financial operations within our organization. The ideal candidate will have a strong understanding of the MAPD business model, including reconciliation of CMS premium to revenue, Division of Financial Responsibilities (DOFR) as it relates to fee-for-service claims and capitation payment processes, and regulatory reporting requirements. This role requires a combination of deep analytical skills, financial expertise, and technical proficiency to ensure accuracy, compliance, and operational efficiency.

Key Responsibilities:

1. Capitation Payments and Risk Adjustment:

o Ensure CMS H5496 capitation payments are accurately received for all enrolled members based on the application and risk adjustment factors.

o Verify the accuracy of capitation calculations by the capitation team, including IPAs (Independent Practice Associations) and PCPs (Primary Care Providers) capitation expense.

o Ensure no claims are paid for members for whom CMS did not provide capitation payments.

2. Regulatory Reporting and Compliance:

o Manage and oversee reporting requirements for California DMHC (Department of Managed Health Care), TDI (Texas Department of Insurance), NAIC (National Association of Insurance Commissioners), and other regulatory requirements, as needed.

o Maintain compliance with all applicable regulatory standards and reporting deadlines.

3. Claims:

o Review the Fee-for-Service (FFS) claims ensuring adherence to Division Of Financial Responsibilities (DOFR).

o Partner with the CEO, Claims Director, Claims Recovery, and others on claims settlement.

o Oversee the Claims Recovery team and Configuration to prevent errors or discrepancies that could impact financial outcomes.

4. Financial Projections and Analysis:

o Develop financial projections and forecasts for multiple entities within the organization.

o Analyze financial data and trends to support decision-making and strategic planning.

5. Technical and Analytical Support:

o Utilize SQL or other coding tools to extract and analyze financial data as needed.

o Collaborate with the data team to enhance reporting accuracy and efficiency.

Qualifications:

· Bachelor’s degree in finance, Accounting, Business Administration, or a related field (master’s degree preferred).

· Extensive experience in the healthcare industry, specifically with MAPD plans and risk adjustment processes.

· Proficiency in regulatory reporting (DMHC, TDI, NAIC, etc.).

· Strong knowledge of capitation and FFS claims processing.

· Technical proficiency with SQL or other coding languages for data analysis.

· Exceptional analytical, organizational, and problem-solving skills.

· Excellent communication and collaboration abilities.

· Must have Medicare Advantage experience.

· Minimum of 5 years’ experience managing staff.

Preferred Skills:

· Experience working in an MSO or with managed entities like Imperial Health Plan of California, Inc.

· Familiarity with CMS guidelines and risk adjustment cycles.

· Strong understanding of financial processes correlated to MAPD business models.

· Experience working with Medicare Exchange.

Job Tags

Remote job,

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