Vice President (VP), Managed Health Care Salary
The average pay for a Vice President (VP), Managed Health Care is $196,527 per year. Most people in this job have more than five years' experience in related jobs.
Job Description for Vice President (VP), Managed Health Care
The vice president of managed health care holds a senior position concerned with coordinating all of the health provider components that interact with an insurance company (such as hospitals, ambulances and private practices) within the network. They may be responsible for the operations in a certain region. The vice president should also make sure that various components within the company are able to communicate and work together well. The vice president develops techniques to foster relationships with the providers within the network; this may involve developing relationships and bargaining in order to secure deals that are beneficial for both parties. The vice president is also involved with negotiations of bulk purchases of insurance. The vice president work with other executives to establish targets and strategies that build the company and increase profits.Read More...
Since this is an advanced position, the vice president of managed care should have extensive experience working in the insurance and managed care fields. At least a bachelor's degree in a business- or healthcare-related field is usually needed as well. This job requires excellent teamwork, communication and leadership skills as well. Vice presidents of managed health care typically work in an office environment, but substantial travel is often necessary.
Vice President (VP), Managed Health Care Tasks
- Oversee staff operations, business planning and budget development.
- Ensure services are in compliance with professional standards, state and federal regulatory requirements.
- Develop and maintain relationships with other hospitals and managed care organizations.
- Plan and direct financial and budget activities to fund operations, maximize contracts, and increase efficiency.
- Plan, direct and set the strategic direction of the managed care program.