Job Responsibilities
Ad Hoc Analysis-using datamining tools such as Access, Powerplay,
& Impromptu to extract and analyze data from internal databases-
(3-4 hours a day)
Tacking Volume and Pricing Trends-Using the above mentioned tools
to create standard reporting that analyze volume for our products
and identify pricing trends (2-3 Hours a day)
Reimbursement Analysis-Analyze reimbursement levels, denials, and
payer policies to ensure a favorable reimbursement environment
for Quest Diagnostics services. Ensure the Company has a resource
that can consistently answer the question: will we be reimbursed
for services we provide to patients covered by 3rd party payers
and at what rate?-(4-5 hours a day, not an everyday task)
Potentital Opportunities-After conducting the reimbursement
analysis I have to look for Potential opportunities to raise
prices and directly affect the bottom line-(3-4 hours a day, not
everyday)
Miscellaneous Projects-Interfacing with Marketing, Sales, Managed
Care and upper Management and helping with different projects.
Such as Value Based Pricing Projects where we segment our
Accounts and Products according to their Value to the company and
then Price them accordingly with discounted rates. (3-4 hours a
day, not everyday)
Attending (Cross-Functional)Meetings via conference calls and Net
Meeting, as well as face-to-face Meetings. (2-3 hours a day)
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Job Requirements
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Uppers
-Interfacing with different departments and learning what each of them does.
-Working on Cross-Functional teams in order to complete different projects.
-Being able to take advantage of all the training that is offered at the
company. Such as: Six Sigman Green Belt and Black Belt training,
Software(Impromtu,Access, Excel, etc) Training, Management and Project Leadership
Training, etc.
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Downers
-A lot of analysis is involved, hours on end staring at a
computer screen can become somewhat cumbersome and tiedious.
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Lifestyle
Work hours-9am-5pm (rarely an hour or two of overtime)Mon-Fri (No weekends.
Occasional Business Travel is required-5-10% of the time
Dress Code-Business Casual and Jeans on Fridays
Management Style-Very Handsoff, You are basically left on your own with your
responsibilities. No one watches the clock to see what time you arrive or leave.
Flexible Work arragements-Very flexible work environment. You can work from
home for whatever reason.
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Compensation
-50K Base Salary
-up to 6% Bonus a year based on Department Performance
-401K, Match up to 6% after the first year
-Employee Stock Purchase Plan -25% discount off Company Stock
-Tuition Reimbursement-2 classes per sememester
-Vacation and Sick/Personal days-18 days your first year, 22 your
2nd year, and it continues to increase with years of service up
to almost 40 Days
-Medical, Vision, Dental, Life Ins., and Disability
-Diagnostic testing absolutely free for yourself
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Advice to Jobseekers
Pricing and Revenue Management is a field that is growing
tremendously. Almost every big company has a Pricing
department. There are a lot of jobs related to this field and
alot of opportunities. It is also well paid. I recommend this
field to someone who likes numbers and analysis and making a real
impact to your company's bottom line.
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