Stephen Costa Email & Phone Number

Philadelphia, Pa, Us

Philadelphia, Pa, Us

Develop supplemental reserves (in coordination with Operations and Provider Reimbursement), investigate A/E and claim speed trends, build reports, and present results to support monthly closesRebuilt and streamlined IBX’s completion factor model to improve consistency and reduce model run time, allowing the model to be run as often as monthly instead of annuallyCollaborated with key business areas, developed test queries, and tracked data warehouse updates to prepare for the transition to a new claims system

Philadelphia, Pa, Us

Update, run, and review monthly pharmacy cost projection model, and analyze and present results to internal stakeholdersEnhance model to improve projection quality and utility of results, and streamline model to decrease run time and expedite model updatesDevelop new reporting, cost-benefit analyses, and trend projections to inform IBX’s response to the surge in GLP1 utilizationSupport AOP and Reforecast projections through additional modeling, model enhancements, and exploration of resultsIntegrate PBM rebate payments and projections into modeling process and provide monthly close rebate estimates to reserving

Philadelphia, Pa, Us

Prepare, review, submit, and revise annual and quarterly ACA consumer and small group filings to satisfy federal and state requirementsStreamline ACA filing development process to decrease turnaround time and facilitate comparison of different scenariosUpdate and maintain monthly ACA database tables, profitability reports, and dashboards to allow analysis of emerging financial experience, including process additions and improvementsDevelop and provide responses to data calls from state insurance departments, as well as create processes to more quickly answer similar requests in the future

London, England, Gb

Develop and maintain monthly reporting tools to provide timely financial information to senior regional management and save days of work each month relative to the original processPrepare client reports, presentations, and benefit calculations and presentations to support consultants in advising and communicating with plan sponsorsConduct market research on pensions on both a national and industry-specific basis to examine the status of pensions in the United StatesDevelop tools to assess the impact of tax reform on retirement saving decisions and inform recommendations to clientsValidate and scrub client participant data to more accurately measure plan liabilities and funding requirements

Philadelphia, Pa, Us

Prepare, document, submit, and revise Medicare Advantage (MA) bids to accurately meet government requirements and save time creating IBC’s MA plan offerings for the following calendar yearStreamline bid development process to reduce turnaround time when pricing different scenarios and increase accuracy and repeatability of resultsDevelop renewal and option rates for MA group customers to provide timely information regarding rate increases and benefit changesDevelop data scrubbing protocols and Annual Operating Plan (AOP) projections for Medicare Supplement to facilitate accurate analysis and projections for the productCollaborated with an intern team to provide financial analysis during the planning, research, and development of a proposal of a strategic initiative that senior management chose for possible implementation

Philadelphia, Pa, Us

Collated key operational data for financial reports for Corporate Financial Planning & AnalysisDeveloped Excel macros to efficiently generate journal entries, saving the Accounting team time to focus on more complex tasks

Bachelor’S Degree, Finance, General

Bachelor’S Degree, Mathematics