Managed Care Manager Salary
Just under three-fifths of Managed Care Managers in the United States have been in the field for more than 10 years. Pay can fall anywhere from $39K to $89K per year, but median earnings come to around $66K per year. Experience level and the particular city each impact pay for this group, with the former having the largest influence. A fair number get medical and dental insurance, and a majority get vision plans, too. Most Managed Care Managers report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
|Salary||$56,992 - $99,550|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$57,430 - $103,019|
Job Description for Managed Care Manager
Managed care managers are in charge of managed care contracting, negotiating, and activity-managing for the health facility in which they work. They implement managed care contracts for the health care system in which they are designated and ensure coding and claims are in compliance with professional standards and state and/or federal requirements. They often interact with multiple departments within their facilities.Read More...
Managed care managers supervise staff and are in charge of the selection, training and development of managed care workers. A Bachelor’s degree in Business Administration, Health Care Administration or a related field is required. Master’s degrees in these same fields, or at least 5-7 years of managed care managing experience, are preferred by many companies.
Managed care managers are often required to travel extensively (25-30% of the time) for payer meetings, company meetings, health care center visits, and other endeavors. They are also responsible for contributing to strategic planning, maintaining and developing relationships with health plans, and directing negotiations, as well as managed care agreements with current and prospective purchasers and/or healthcare providers. They must monitor the budgets within their department, use resources effectively, and stay up-to-date on all regulatory- and insurance-related information. They must also maintain relationships with administrative management and managed care companies, such as HMO’s, PPO’s, EPO’s, and workers compensation carriers.
This job takes place mainly indoors, excluding the extensive travel responsibilities. Due to the traveling, this job often takes place outside of normal business hours. Above all, managed care managers must be organized, efficient, and good at dealing with all kinds of people to thrive in the workplace. (Copyright 2017 PayScale.com)
Managed Care Manager Tasks
- Monitor budget and utilize operational resources.
- 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.
Managed Care Manager Job Listings
Pay by Experience Level for Managed Care Manager
Pay by Experience for a Managed Care Manager has a negative trend. An entry-level Managed Care Manager with less than 5 years of experience can expect to earn an average total compensation of $68,000 based on 28 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Managed Care Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $68,000 based on 31 salaries. An experienced Managed Care Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $69,000 based on 39 salaries. A Managed Care Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $64,000 based on 8 salaries.
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Key Stats for Managed Care Manager
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