Executive Director Medical Economics
Health Care Service Corporation (HCSC)
Company websitehcsc.com (Health Care Service Corporation (HCSC), opens in new tab)
Base salary $161,500 to $299,700
Employer-published annual base salary, USD. Advertised base range in Chicago, IL +4 more
You apply on the employer's own site. Six Figure Work does not handle applications.
- LocationChicago, IL +4 more
- WorkplaceWorkplace not stated
- Status at last checkSource accepting applications when checked
- Last checked (14 min ago) · observed since
All 5 locations
- IL - Chicago
- MT - Helena
- NM - Albuquerque
- OK - Tulsa
- TX - Richardson
About this job
At HCSC, our employees are the cornerstone of our business and the foundation to our success. We empower employees with curated development plans that foster growth and promote rewarding, fulfilling careers.
Join HCSC and be part of a purpose-driven company that will invest in your professional development.
Job Summary
This position is responsible for leading enterprise-wide medical economics strategy to improve the way we analyze medical cost, and how we surface insights to cross-functional stakeholders to help design initiatives to improve medical value. It is the business owner for our Medical Economics Engine (MEE), creating program strategy, defining requirements for capability builds, collaborating with cross-functional executive leaders to provide actionable insights.This is a hybrid role and requires in-office hours 3 days a week at the respective office location.
Responsibilities include:
1. Medical Economics Engine (MEE) Development:
• Lead the development of our medical economics engine by setting program strategy, defining requirements for capability builds, and overseeing testing and delivery
• Collaborate with cross-functional stakeholders (executive leadership, Network, Healthcare Mgmt., etc.) to help define overall program strategy
• Own the business requirements and functional strategy for all components of the MEE platform, partnering with delivery (data, IT) teams to oversee feature prioritization, deployment, change mgmt., and user adoption
• Ensure MEE reporting and analytics effectively supports business needs
2. Value Improvement (VI) Support
• Serve as a core leader for the Value Improvement task force – helping to identify and analyze key cost drivers in healthcare services and ensuring actionable insights are derived to reduce costs and improve value
• Gather, synthesize, and present timely and actionable insights on emerging trends, cost drivers, and outlier behaviors – enabling cross-functional leaders to make informed decisions on medical cost containment
• Act as the primary point of contact for cross-functional program leads (Healthcare Mgmt., Network, Payment Integrity, PMO, etc.) on medical cost trends and insights
• Assist in shortening timelines from opportunity identification to delivery of value improvement, and identify other opportunities to improve the VI process
3. Team Development & People Mgmt.
• Direct, coach, and develop team members— from the Director to individual contributor levels
• Build the team to support development of additional capabilities (program strategy, AI-enabled insights, etc.)
• Foster a collaborative team environment, set goals, monitor performance, and support professional development.
Required Job Qualifications:
Bachelor’s degree in finance, Actuarial Science, Healthcare Economics, or related field.
12 years of experience in healthcare analytics, medical economics, or financial modeling analysis or 10 years of experience in healthcare analytics, medical economics, or financial modeling analysis with an advanced degree
7 years’ experience in a leadership capacity; ability to lead a team of internal subject matter experts and external strategic advisors
Preferred Job Qualifications:
Actuarial certification (FSA, etc.).
MBA, Master of Finance, Master of Medical Economics, or similar advanced degree.
SQL skills or equivalent querying tools experience.
Analytics leadership experience with a health insurance payer or provider
LI - AZ1
LI - HYBRID
Are you being referred to one of our roles? If so, ask your connection at HCSC about our Employee Referral process!
Pay Transparency Statement:
At Health Care Service Corporation, you will be part of an organization committed to offering meaningful benefits to our employees to support their life outside of work. From health and wellness benefits, 401(k) savings plan, pension plan, paid time off, paid parental leave, disability insurance, supplemental life insurance, employee assistance program, paid holidays, tuition reimbursement, plus other incentives, we offer a robust total rewards package for employees. Learn more about our benefit offerings by visiting https://careers.hcsc.com/totalrewards.
The compensation offered will vary depending on your job-related skills, education, knowledge, and experience. This role aligns with an annual incentive bonus plan subject to the terms and the conditions of the plan.
HCSC Employment Statement:
We are an Equal Opportunity Employment employer dedicated to providing a welcoming environment where the unique differences of our employees are respected and valued. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other legally protected characteristics.
Base Pay Range
$161,500.00 - $299,700.00Exact compensation may vary based on skills, experience, and location.
Source: Health Care Service Corporation (HCSC) on Workday · View original posting (opens in new tab)
Pay in context
This role's base floor ($161,500) is above 78% of the 151 Data & ML roles in Illinois listed on this site; 1 other lists the same floor. Their median floor is $137,400; the middle half runs from $116,380 to $159,560.
Only jobs on this site count, and each one publishes a base salary of $100,000 or more, so this compares six-figure jobs with each other, not with the whole market. Computed Nov 8, 2026.
This listingExecutive Director Medical Economics$161,500 to $299,700
Sr. Director of Data Science Engineering$161,500 to $299,700
Executive Director, Provider Contracting- Work from home$161,500 to $299,700
Sr. Director, Security Operations Center$161,500 to $299,700
Vice President, Sales, Individual and Family Markets$163,400 to $389,000
Director, Privileged Access Management$146,700 to $272,400
Executive Director, Governance Risk & Compliance$177,500 to $329,800
Chart as a table
| Role | Published base |
|---|---|
| Executive Director Medical Economics (this listing) | $161,500 - $299,700 |
| Sr. Director of Data Science Engineering | $161,500 - $299,700 |
| Executive Director, Provider Contracting- Work from home | $161,500 - $299,700 |
| Sr. Director, Security Operations Center | $161,500 - $299,700 |
| Vice President, Sales, Individual and Family Markets | $163,400 - $389,000 |
| Director, Privileged Access Management | $146,700 - $272,400 |
| Executive Director, Governance Risk & Compliance | $177,500 - $329,800 |
Observed changes
- First observed on the employer's board
- Began meeting the published-salary criteria
- Observed since
- Employer-stated posting date
- 2026-03-24
Where this pay comes from
Location as the employer wrote it: Multiple locations (5)
$161,500.00 - $299,700.00
- Method
- Employer text, read with fixed rules and re-verified
- Checked
- Rule set
- us-base-v2
The pay passage appears in the employer's own job text. Fixed, deterministic rules located it, and the passage below was checked against the stored copy of the posting.
What we verified
- The pay figures come from the employer's own listing, quoted exactly above.
- The pay is an annual base salary in US dollars with a minimum of at least $100,000.
- The role was publicly listed on the employer's job board when last checked.
We do not verify what the employer will actually offer, whether the employer is still recruiting for the role, or anything beyond what the employer published. Full methodology.