Payer Analytics and Economics Student Intern

Inspired by faith. Driven by innovation. Powered by humankindness. CommonSpirit Health is building a healthier future for all through its integrated health services. As one of the nations largest nonprofit Catholic healthcare organizations CommonSpirit Health delivers more than 20 million patient encounters annually through more than 2300 clinics care sites and 137 hospital-based locations in addition to its home-based services and virtual care offerings. CommonSpirit has more than 157000 employees 45000 nurses and 25000 physicians and advanced practice providers across 24 states and contributes more than $4.2 billion annually in charity care community benefits and unreimbursed government programs. Together with our patients physicians partners and communities we are creating a more just equitable and innovative healthcare delivery system.

JOB SUMMARY / PURPOSE

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Internship Opportunity: CommonSpirit Health is offering an exciting internship opportunity for an undergraduate student majoring in mathematics statistics data science economics business finance or a related quantitative field who is interested in applying their analytical skills to the world of healthcare. As a Healthcare Analytics Intern within our Payer Analytics & Economics team youll gain hands-on experience analyzing managed care payer data supporting strategic pricing initiatives and building models that influence key contract decisions

What youll do: Under the guidance of experienced analysts and leadership you will

Assist in building financial and strategic models to evaluate payer contract proposals and reimbursement structures.
Support the analysis of managed care contract performance including revenue impact and profitability assessment.
Help prepare and interpret data reports used for payer negotiations and internal strategy discussions.
Learn to navigate and extract data from key healthcare data systems and other internal databases
Collaborate with managed care clinical and strategy teams to understand how healthcare operations influence payer analytics
Participate in stakeholder education efforts including preparing training materials and visual summaries of contract modeling.

Who this is for:

This internship is ideal for an undergraduate student who is a data-savvy undergrad with an interest in healthcare analytics and strategic problem-solving and who is curious about healthcare and passionate about using data to solve real-world problems. The candidate should enjoy working with numbers building models and uncovering insights that drive strategic decisions. Strong analytical skills attention to detail and a willingness to learn about the healthcare system are key.

Why its a great opportunity:

How healthcare providers work with insurance payers to negotiate contracts.
Real-world financial modeling techniques used in healthcare settings.
Methods for identifying cost drivers and reimbursement trends in clinical service lines.
The impact of policy regulation and data integrity on contract performance.
Communication strategies to present complex analytics to non-technical audiences.

Why Join Us

Youll be contributing to a mission-driven organization focused on compassionate care and innovative health solutions. This internship is designed to be a stepping stone toward a career in healthcare analytics health economics or payer strategy.

This is a great chance to bridge your academic interests with real-world applications making it a valuable addition to your professional experience!

ESSENTIAL KEY JOB RESPONSIBILITIES

• Assist in developing financial models to evaluate healthcare payer contracts and reimbursement scenarios.
• Support data analysis related to managed care contract performance including revenue volume and profitability trends.
• Help interpret and summarize payer contract terms and payment methodologies under guidance from senior analysts.
• Collaborate with team members to prepare analytical reports and visualizations for use in payer negotiations and internal decision-making.
• Participate in stakeholder education efforts by supporting the creation of training materials and presentations on payer reimbursement models.
• Learn and assist in using internal healthcare data systems to retrieve clean and organize financial and operational data.
• Contribute to service line analyses helping identify areas of opportunity or concern in reimbursement or contract structure.
• Engage in team meetings and project work gaining exposure to the intersection of healthcare data analytics and strategy.

MINIMUM QUALIFICATIONS

Required Education and Experience
Sophomore or Junior pursuing a Bachelors degree in Mathematics Statistics Economics Data Science or a related field.

Strong analytical problem-solving and quantitative skills.

Required Minimum Knowledge Skills Abilities and Training
Experience with Excel and Word Google Suite and/or similar applications; familiarity with tools like SQL R Python or Tableau is a plus but not necessary.
Interest in healthcare systems economics or public health with curiosity about healthcare delivery and a passion for making a difference through data.
Excellent written and verbal communication skills.
Ability to work independently and collaboratively in a professional environment.
Expertise with Excel

SUMMARY OF ESSENTIAL COGNITIVE FUNCTIONS

Ability to comprehend and follow instructions; maintain attention and concentration for necessary periods; synthesize coordinate and analyze data perform simple and repetitive tasks; maintain a work pace appropriate to given workload; perform complex and varied tasks; relate to other people beyond giving and receiving instructions; get along with co-workers and peers; understand the meaning of words and how to use them appropriately and effectively; understand and remember detailed instructions; make independent decisions or exercise judgment based on appropriate information; accept and carry out responsibility for direction control and planning.