Financial Analyst

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand — with heart at its center — our purpose sends a personal message that how we deliver our services is just as important as what we deliver.
 
Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary
One of the main goals of Medical Economics is to mitigate medical cost increases. This comes in a variety of forms- monitoring and taking actions on outliers, properly modeling contract increases, providing accurate data for modeling and pricing, etc. What this results in is lower medical costs for our plan sponsors and members, and then lower premium increases.

This finance role will be to govern the Scorable Action Initiative (SAI) database, provide meaningful and accurate reporting and insights into each business units performance to target, and collaborate with senior leadership on monthly National meeting materials.

Responsibilities:

Daily:

• Review financial savings estimates and targets submitted by various business areas for accuracy and book the results to she SAI database.  Communicate significant results to leadership as necessary.

• Maintain daily scorecard results for all medical cost business areas.

Weekly:

• Maintain and present on pipeline reporting (new ideas) to Clinical Services.

Monthly:

• Create detailed reporting and glidepaths to be used by Senior Leadership on monthly National Meetings.

• Create reporting to be posted on a SharePoint site and used by all business partners to monitor results.

Required Qualifications
1+ year of experience working with Excel, MS-Access and Web-based query tools

Preferred Qualifications

• Ability to prioritize & manage multiple projects while managing customer expectations and business priorities

• Ability to work collaboratively and build relationships with colleagues

• Extensive knowledge of managed care and how clinical and provider reimbursement policies relate to the control of medical claims costs

• Understanding of internal and external database applications

• Knowledge of market-place delivery (understanding of provider relationships)

• Communication/presentation skills

• Software and programming skills

Education
Bachelor’s Degree in business or finance OR equivalent work experience

Pay Range

The typical pay range for this role is:

$43,888.00 - $93,574.80

This 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. 
 
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities.  The Company offers a full range of medical, dental, and vision benefits.  Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees.  The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners.  As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.  
 
For more detailed information on available benefits, please visit Benefits | CVS Health

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