Managed Care Contract Manager Salary
|Salary||$59,435 - $105,417|
|Bonus||$0.00 - $19,404|
|Total Pay (||$59,705 - $114,743|
Job Description for Managed Care Contract Manager
Managed care contract managers are responsible for reaching out to providers to develop a network and evaluate, negotiate, and implement new contracts. These managers must be able to identify appropriate contracting and collaborate with organizations to understand payer-specific requirements, and must also maintain appropriate documentation and review contract performances to make the right recommendations. They must also coordinate with other internal team members to ensure contractual terms.Read More...
Managed care contract managers must have thorough knowledge of revenue codes, CPT codes, and health care delivery systems, particularly government- and commercial-sponsored programs such as Medicaid and Medicare. Strong communication and project management skills are essential in this position, and they must also be able to work independently as well as with team members in a rapidly-changing environment.
Three to five years of experience in health care, network management, or contracting are generally required for this position, and they must also be able to perform repetitive work and stand or sit for long periods of time. Managed care contract managers work primarily in an office environment.
Managed Care Contract Manager Tasks
- Ensure coding and claims are in compliance with professional standards, state and federal regulatory requirements.
- Supervise staff, including the selection, training and development of managed care staff.
- Analyze manage care reimbursement methods.
- Participate in the manage care contracting activities.
Popular Skills for Managed Care Contract Manager
Managed Care Contract Managers who responded to the survey indicated only a few skills that they use on the job. Financial Analysis and Contract Negotiation are considered valuable skills and can increase employee pay by 13 percent and 3 percent, respectively. Those with knowledge of Contract Management tend to be skilled in Contract Negotiation as well.
Pay by Experience Level for Managed Care Contract Manager
Pay by Experience for a Managed Care Contract Manager has a positive trend. An entry-level Managed Care Contract Manager with less than 5 years of experience can expect to earn an average total compensation of $74,000 based on 24 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Managed Care Contract Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $82,000 based on 39 salaries. An experienced Managed Care Contract Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $76,000 based on 27 salaries. A Managed Care Contract Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $78,000 based on 16 salaries.
Pay Difference by Location
Managed Care Contract Managers working in Chicago earn a bit more than the national average, but overall, earnings in this area are not heavily influenced by geographic location. New York is home to the smallest salaries in the field, lagging the national average by 4 percent.
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Key Stats for Managed Care Contract Manager
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