Posted: 07-May-25
Location: Boston, Massachusetts
Type: Full Time
Salary: 135,000 to $150,000
Sector:
Preferred Education:
Additional Information:
Company Overview
Cohere Health is a fast-growing clinical intelligence company that’s improving lives at scale by promoting the best patient-specific care options, using cutting-edge AI combined with deep clinical expertise. In only four years our solutions have been adopted by health plans covering over 15 million lives, while our revenues and company size have quadrupled. That growth combined with capital raises totaling $106M positions us extremely well for continued success. Our awards include: 2023 and 2024 BuiltIn Best Place to Work; Top 5 LinkedIn™ Startup; TripleTree iAward; multiple KLAS Research Points of Light awards, along with recognition on Fierce Healthcare's Fierce 15 and CB Insights' Digital Health 150 lists.
Opportunity overview
We are looking for a detail-oriented and analytical Lead Actuary to join our Actuarial Modeling team. The Lead Actuary will be responsible for identifying, analyzing the cost-saving initiatives that enhance the efficiency and effectiveness of the prior authorization process. This senior role involves deep analytical work, cost savings model development, collaboration with cross-functional teams (clinical strategy, product and customer success teams), and strategic recommendations aimed at reducing unnecessary spending, optimizing resources, and ensuring compliance with clinical and regulatory standards. The ideal candidate will have extensive experience in healthcare analytics, financial modeling, and prior authorization, along with a strong strategic mindset and data-driven problem-solving skills. The work will be fast-paced and project-based, with evolving needs - requiring scrappiness, flexibility, curiosity, and grace under pressure.
At a growing organization, this is a position that offers the ability to make a substantive mark on the company and its partners with exponential growth opportunities. You will be part of the Actuarial team and develop and maintain cost savings models. This role will own the full lifecycle—from modeling and pricing to customer impact demonstration—making it a key strategic position for our actuarial team.
Last but not least: People who succeed here are empathetic teammates who are candid, kind, caring, and embody our core values and principles. We believe that diverse, inclusive teams make the most impactful work. Cohere is deeply invested in ensuring that we have a supportive, growth-oriented environment that works for everyone.
What you will do:
- Cost Savings Analysis & ROI Reporting
- Design and maintain financial models to support new sales RFPs, analyze and forecast cost-saving initiatives, while providing regular updates and insights to senior leadership.
- Perform advanced data analysis to assess prior authorization & claims trends, approval and denial patterns, and cost drivers, focusing on maximizing customer ROI.
- Prepare detailed and executive-level reports and presentations that summarize cost-saving performance, including developing financial projections and providing insight into future cost-saving potential.
- Stakeholder Collaboration
- Act as a trusted advisor to leadership and key internal & external stakeholders, providing strategic insights, recommendations, and guidance on cost-saving strategies.
- Work closely with clinical and customer success teams to understand authorization challenges, provide analytical insights, and offer actionable recommendations to resolve issues.
- Engage in customer meetings to communicate Cohere’s value proposition.
- Continuous Improvement
- Identify and implement innovative approaches to further optimize cost savings, including the adoption of new technologies, data analysis tools, and process improvements.
- Lead post-implementation assessments to measure the impact of cost-saving initiatives, ensuring continuous refinement and long-term sustainability of improvements.
- Training & Documentation
- Create and update documentation on analytical methodologies, workflows, and reporting protocols for internal and external use.
Your background & requirements:
- Associate of the Society of Actuaries (ASA) strongly preferred.
- 7+ years of experience in healthcare analytics, cost containment, or similar roles in the healthcare industry, preferably within a payer, provider, managed care, or consulting setting.
- Familiarity with prior authorization, utilization management processes is highly desirable.
- Ability to transform complex data into actionable insights and clear, concise reports.
- Strong interest and understanding of prior authorization data, claims and SDOH data.
- Advanced proficiency in Excel and SQL.
- Excellent interpersonal skills to work with internal and external customers.
- Passionate about improving the U.S. healthcare system and helping ensure every patient receives the best care possible.
- Self-starter, able to work independently, with drive to succeed in a fast-paced, high-intensity start-up environment
We can’t wait to learn more about you and meet you at Cohere Health!
Equal Opportunity Statement
Cohere Health is an Equal Opportunity Employer. We are committed to fostering an environment of mutual respect where equal employment opportunities are available to all. To us, it’s personal.
The salary range for this position is $135,000 to $150,000 annually; as part of a total benefits package which includes health insurance, 401k and bonus. In accordance with state applicable laws, Cohere is required to provide a reasonable estimate of the compensation range for this role. Individual pay decisions are ultimately based on a number of factors, including but not limited to qualifications for the role, experience level, skillset, and internal alignment.
- Associate of the Society of Actuaries (ASA) strongly preferred.
- 7+ years of experience in healthcare analytics, cost containment, or similar roles in the healthcare industry, preferably within a payer, provider, managed care, or consulting setting.
- Familiarity with prior authorization, utilization management processes is highly desirable.
- Ability to transform complex data into actionable insights and clear, concise reports.
- Strong interest and understanding of prior authorization data, claims and SDOH data.
- Advanced proficiency in Excel and SQL.
- Excellent interpersonal skills to work with internal and external customers.
- Passionate about improving the U.S. healthcare system and helping ensure every patient receives the best care possible.
- Self-starter, able to work independently, with drive to succeed in a fast-paced, high-intensity start-up environment