Devoted Health

Senior Manager, Medical Economics/Medical Expense Actuary

United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
HealthcareIndustries

Requirements

Candidates should possess a strong background in healthcare economics, data analysis, and strategic planning, along with a solid understanding of healthcare delivery systems and reimbursement models. A relevant advanced degree, such as a Master’s in Actuarial Science, Public Health, or a related field, is preferred, and professional actuarial credentials (e.g., ASA, FSA) are highly desirable. Experience in medical economics and/or medical expense analysis is also required.

Responsibilities

The Senior Manager of Medical Economics/Medical Expense Actuary will support the organization’s efforts to improve medical costs by conducting medical cost analysis and support, partnering with the network team on provider reimbursement strategy, conducting data-driven analyses of healthcare utilization patterns, collaborating with cross-functional teams, assessing the financial impact of initiatives, monitoring performance, staying informed about industry trends, and preparing reports and presentations for leadership. They will also advise on provider and facility reimbursement strategies and contribute to key operational and strategic decisions within the organization.

Skills

Healthcare economics
Data analysis
Strategic planning
Healthcare delivery systems
Reimbursement models

Devoted Health

Medicare Advantage plans with personalized support

About Devoted Health

Devoted Health provides Medicare Advantage plans aimed at simplifying and making healthcare more affordable for seniors aged 65 and older. Their plans include services like provider and pharmacy searches, prescription drug coverage, and preventive care rewards. Members pay premiums for these plans, and the company may also receive government payments for managing Medicare benefits. What sets Devoted Health apart from competitors is their high level of customer service, featuring Devoted Health Guides who assist members in navigating their healthcare options and addressing common issues with traditional insurance. Additionally, they promote preventive care through the Devoted Dollars program, which rewards members for engaging in health activities. The goal of Devoted Health is to create a more compassionate and accessible healthcare experience for its members.

Waltham, MassachusettsHeadquarters
2017Year Founded
$2,194.5MTotal Funding
SERIES_ECompany Stage
HealthcareIndustries
1,001-5,000Employees

Benefits

Comprehensive health plan
401(k) retirement plan
Generous vacation and holiday time
Lyra mental health resources
Time off to vote

Risks

Increased competition from Medicare Advantage providers like Clover Health and Oscar Health.
Potential regulatory changes affecting Medicare Advantage plans by CMS.
Rising healthcare costs could impact the affordability of Devoted Health's plans.

Differentiation

Devoted Health offers personalized assistance through Devoted Health Guides for member support.
The company emphasizes preventive care with its Devoted Dollars rewards program.
Devoted Health integrates virtual and in-home care with top local providers.

Upsides

Devoted Health raised $287 million in Series E funding in 2024.
The company expanded Medicare Advantage plans to eight new states in 2023.
Devoted Health achieved a 5-star Medicare Advantage rating in Ohio in 2023.

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