Apply on Employer Site

SonderMind · 2 days ago

Manager, Payor Strategy

Denver, CO

Full-time

Hybrid

Mid, Senior Level

$120K/yr - $130K/yr

5+ years exp

SonderMind is a company dedicated to providing personalized mental health care. The Manager, Payor Strategy is responsible for negotiating payor contracts and ensuring they align with the company's growth and strategic objectives, while also collaborating with various internal teams to operationalize these contracts effectively.

Health CareInsuranceMental HealthmHealthTelehealthTherapeuticsWellness

Responsibilities

Lead negotiations for new and existing payor agreements, including reimbursement rates, financial terms, and contract language, in alignment with SonderMind’s financial and strategic goals

Own the full contracting lifecycle: from initiating new agreements and amendments through execution, implementation, and operational readiness

Develop negotiation strategies informed by market dynamics, data analysis, and organizational priorities

Review and analyze contract language and reimbursement methodologies; recommend modifications that support business objectives and mitigate risk

Track and report contract status, renewal timelines, negotiated terms, and key performance metrics

Build and maintain strong relationships with payor partners; prepare and deliver materials for payor presentations and recurring business reviews

Collaborate closely with cross-functional partners including Revenue Cycle, Credentialing, Finance, Legal, Product, and Customer Service to ensure contracts can be operationalized effectively and meet service standards

Support additional projects and initiatives as needed based on business priorities

Qualification

Payor contractingNegotiation skillsData analysisManaged care regulationsAlternative payment modelsAnalytical skillsMultitaskingInterpersonal skillsSelf-starter

Required

BA/BS in Business Administration, Healthcare Administration or related degree

Minimum five years experience negotiating payor and/or provider agreements

Knowledge of managed care regulations and laws related to health care, preferably in behavioral health

Experience with alternative payment models, such as Value Based Programs, Risk Arrangements, and Case Rates

Ability to work remotely and to travel to the corporate office and to payor visits or conferences

Strong negotiation and interpersonal skills: written, verbal, analytical

Motivated and influential – proactive with the ability to adhere to deadlines; work to 'get the job done' in a fast-paced environment

Self-starter with the ability to multitask

Benefits

A commitment to fostering flexible hybrid work

A generous PTO policy with a minimum of three weeks off per year

Free therapy coverage benefits to ensure our employees have access to the care they need (must be enrolled in our medical plans to participate)

Competitive Medical, Dental, and Vision coverage with plans to meet every need, including HSA ($1,100 company contribution) and FSA options

Employer-paid short-term, long-term disability, life & AD&D to cover life's unexpected events. Not only that, we also cover the difference in salary for up to seven (7) weeks of short-term disability leave (after the required waiting period) should you need to use it.

Eight weeks of paid Parental Leave (if the parent also qualifies for STD, this benefit is in addition, which allows between 8-16 weeks of paid leave)

401K retirement plan with 100% matching which immediately vests on up to 4% of base salary

Travel to Denver 1x a year for annual Shift gathering

Fourteen (14) company holidays

Company Shutdown between Christmas and New Years

Supplemental life insurance, pet insurance coverage, commuter benefits and more!