Senior Director, Healthcare Economics

OverviewWhat you can expect! Find joy in serving others with IEHP! We welcome you to join us in “healing and inspiring the human spirit” and to pivot from a “job” opportunity to an authentic experience!Reporting to the Chief Financial Officer, the Senior Director of Healthcare Economics provides strategic and operational leadership for the economic analysis and financial performance optimization of IEHP’s healthcare business, including medical and non-medical costs, revenue, and other financial drivers. The Senior Director collaborates closely with Finance, Actuarial Services, Clinical Operations, and Provider Network teams, and other senior leadership to understand the economic drivers of each line of business, identify opportunities, and deliver actionable insights that promote cost-effective, high-quality care improve margin, affordability, operational efficiency, and overall program performance. This position includes full team oversight, administering hiring, terminations, performance reviews, and building a high-performing analytical team that supports IEHP’s mission and financial sustainability.Commitment to Quality: The IEHP Team is committed to incorporate IEHP’s Quality Program goals including, but not limited to, HEDIS, CAHPS, and NCQA Accreditation.Additional BenefitsPerksIEHP is not only committed to healing and inspiring the human spirit of our Members, but we also aim to match our team members with the same energy by providing prime benefits and more.Competitive salaryState of the art fitness center on-siteMedical Insurance with Dental and VisionLife, short-term, and long-term disability optionsCareer advancement opportunities and professional developmentWellness programs that promote a healthy work-life balanceFlexible Spending Account – Health Care/ChildcareCalPERS retirement457(b) option with a contribution matchPaid life insurance for employeesPet care insuranceKey ResponsibilitiesLead Development of Healthcare Economics Framework: Direct development and refinement of comprehensive healthcare economics framework covering medical and non-medical cost drivers, revenue streams, operational inputs, and market dynamics. Identify and quantify performance gaps and opportunities across all business lines to improve margin, affordability, and long-term sustainability. Including but not limited to detailed trend impacts, utilization shifts as well as budget risks to support organizational financial as well as non-financial goalsConduct Deep-Dive Enterprise Economic Analysis to Identify Toos Causes: Drive rigorous deep-dive analyses across medical and non-medical cost drivers, revenue streams, utilization patterns, and operational performance metrics. Apply advanced diagnostic techniques to uncover the true underlying root causes behind emerging trends and performance issues. Translate complex analytical findings into clear, actionable initiatives that guide operational improvements, cost‑reduction strategies, revenue optimization, and enterprise‑level decision-makingLead Team Management & Department Operations: Provide full oversight for the Healthcare Economics team, including hiring, coaching, performance reviews, training, and workflow management. Establish department goals, build analytical capabilities, and maintain high-quality standards for deliverablesDrive Enterprise Cost, Efficiency, and Affordability Saving Initiatives: Lead identification, evaluation, and execution and implementation of cost saving and margin-improvement initiatives across medical spend categories and administrative spend categories., including high cost claim management, care model optimization, provider incentive refinement, and avoidable utilization reduction. Partners with Clinical Operations, Provider Network, and Finance, and Actuarial Services to evaluate cost drivers and execute operationally to implement initiatives improvementsDevelop Executive-Level Performance Reporting for Strategic Initiatives: Design, maintain, and continuously support the enhancement of executive‑level dashboards that provide clear visibility into strategic initiative outcomes. Deliver concise performance summaries, trend insights, and initiative progress reporting that highlight risks, opportunities, and recommended actions across the healthcare businessEvaluate Healthcare Investment Program ROI and Provide Strategic Decision Support: Conduct comprehensive financial evaluations of healthcare investments and enterprise programs, including ROI analysis, cost‑benefit assessment, and long‑term value measurement. Assess strategic initiatives for financial viability, operational impact, and alignment with organizational goals. Deliver clear, data‑driven decision support to senior leadership by translating complex financial and operational analyses into strategic recommendations that optimize affordability, quality, and enterprise performancePerform any other duties as required to ensure Health Plan operations and department business needs are successfulQualificationsEducation & RequirementRequired:A minimum of ten (10) years of progressive experience in medical economics, healthcare financial analytics, health plan forecasting, or related quantitative health financial functionsExperience leading analytical and financial teams, including hiring, coaching, performance management, and team developmentProven ability to collaborate across Finance, FP&A, Clinical Operations, Provider NetworkBachelor’s degree in a quantitative, financial, or health‑related field (e.g., Economics, Finance, Public Health, Health Administration, Statistics, Mathematics, Data Science) from an accredited institutionPreferred:Experience in Medicaid managed care or other publicly sponsored health plan environmentsExperience leading enterprise financial planning or overseeing FP&A activities (budgeting, forecasting, long range planning)Experience implementing operational or financial improvements through cross departmental change management effortsExperience driving measurable improvements in medical cost trend, utilization patterns, and provider performanceMaster’s degree in health economics, Public Health (MPH), Health Administration (MHA), Economics, Statistics, Data Science, Healthcare Analytics, or related quantitative discipline. MBA is also acceptableKey Qualifications Must have a valid California Driver’s licenseAdvanced knowledge and in-depth understanding of:Principles of medical economics, healthcare financial management, and population health cost analyticsIndustry standard forecasting, trend analysis, and cost modeling methodologies used by health plansUtilization management concepts, care model design, and drivers of high cost healthcare utilizationBest practices in financial planning & analysis (FP&A), including budgeting, variance analysis, and long range financial planningStandard practices for organizational change management when implementing cost saving initiativesAdvanced proficiency in:Interpreting and analyzing large healthcare datasets, including claims, encounter, utilization, risk adjustment, and quality dataFinancial modeling tools, including ExcelEvaluating cost saving initiatives and calculating financial impact using ROI, cost benefit analysis, and scenario testingBuilding and leading analytical teams using workflow management tools, training frameworks, and coaching practicesWritten and verbal communication skills, including the ability to translate complex analytics into clear insights for executive audiencesDemonstrated ability to:Lead change management efforts tied to cost reduction strategies, operational optimization, and organizational improvement initiativesTranslate complex financial, clinical, and analytical concepts into clear, actionable insights for executives, clinical leaders, and operational teamsCollaborate across Finance, FP&A, Clinical Operations, Provider Network, and Actuarial teams to execute cross functional initiativesStart your journey towards a thriving future with IEHP and apply TODAY!Work Model LocationThis position is on a hybrid work schedule. (Monday & Friday - remote, Tuesday – Thursday onsite in Rancho Cucamonga, CA.)Pay RangeUSD $220,043.20 - USD $302,536.00 /Yr.Job SummaryCategory: FinancePosition Type: Regular Full-TimeWork Model: Hybrid