Manager- Payer Relations (Solventum) at 3M Healthcare US Opco LLC in Austin, Texas

Job Description:

Thank you for your interest in working for our Company. Recruiting the right talent is crucial to our goals. On April 1, 2024, 3M Healthcare underwent a corporate spin-off leading to the creation of a new company named Solventum. We are still in the process of updating our Careers Page and applicant documents, which currently have 3M branding. Please bear with us. In the interim, our Privacy Policy here: https://www.solventum.com/en-us/home/legal/website-privacy-statement/applicant-privacy/ continues to apply to any personal information you submit, and the 3M-branded positions listed on our Careers Page are for Solventum positions. As it was with 3M, at Solventum all qualified applicants will receive consideration for employment without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Job Description:

Manager- Payer Relations (Solventum)

3M Health Care is now Solventum

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You'll Make in this Role

As a Manager of Payer Relations you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Here, you will make an impact by:

• Executes and manages strategies to ensure payer health from a revenue, cash realization and relationship aspect, both proactively and reactively .


• Works closely with Managed Care department to identify areas of opportunity/outliers and develops strategies to drive effectiveness/efficiencies.


• Works cross functionally to drive realization and process improvement throughout the entire revenue cycle.


• Analyzes account performance data to identify trends and prioritize opportunities and improve operational processes.


• Lead team of people to correctly load and implement operational aspects of new/amended agreements including all payer processes and rules affecting revenue/cash.


• Develops and manages relationships with payers to facilitate revenue cycle issues.

Your Skills and Expertise

To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor's Degree or higher AND four (4) years of Managed Care/Health Care Reimbursement experience

• High School Diploma/GED from AND eight (8) years of Managed Care/ health Care Reimbursement experience

AND

In addition to the above requirements, the following are also required:

• Eight (8) years of medical accounts receivable and/or managed care contracting experience in a private, public, government, or military environment.


• Five (5) years of supervisory experience.


• Eight (8) years of experience managing care/commercial payer landscape, reimbursement methodologies, revenue cycle and industry standards.

Additional qualifications that could help you succeed even further in this role include:

• Excellent written and verbal communication.


• Ability to analyze information and use logic to resolve issues.


• Ability to provide direction to multiple teams; exhibit high initiative to get things accomplished.


• Ability to perform well in team environment with staff at all levels.


• Demonstrated ability to build business relationships both internally and externally.


• Self-motivated and an effective time manager.


• Proficient in Microsoft Office 365 products.


• Ability to multi-task a variety of abstract and complex issues and prioritize effectively.

Work location: Remote

Travel: May include up to 10%(domestic)

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being

Solventum offers many programs to help you live your best life - both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope.

Applicable to US Applicants Only:The expected compensation range for this position is $106,331 - $129,960, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate's relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at: https://www.solventum.com/en-us/home/our-company/careers/#Total-Rewards

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process. Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Solventum is an equal opportunity employer. Solventum will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

Solventum Global Terms of Use and Privacy Statement

Carefully read these Terms of Use before using this website. Your access to and use of this website and application for a job at Solventum are conditioned on your acceptance and compliance with these terms.

Please access the linked document by clicking here , select the country where you are applying for employment, and review. Before submitting your application you will be asked to confirm your agreement with the
terms.