Business Analyst III

ICONMA is a retail pharmacy company seeking a Business Analyst III for their remote location. The role involves managing release period projects, translating Medicaid requirements into functional specifications, and collaborating with various stakeholders to ensure compliance and operational efficiency.

Responsibilities:

• Responsible for overall management of entire Release Period projects and production support, including cross project system level testing initiatives, within assigned Domain -Communicates with business, development, and senior management on the progress of the-Release Period project goals, objectives, and testing efforts- Partner with the internal teams, in order to develop a quality release testing strategy-Coordinates the resource demand across projects and domains, for all QA activities-Confirms the work schedule and project allocations for QA resources assigned to the release testing. Tracks task progress, dependencies, constraints and assumptions
• Complete various research and analysis of our current systems and processes and present well thought through recommendations
• The Technical Medicaid Business Analyst serves as a critical bridge between Medicaid business operations and technical delivery teams. This role is responsible for translating federal and state Medicaid requirements, health plan business needs, and operational workflows into detailed functional requirements that support system configuration, data integration, reporting, and compliance. The analyst partners closely with business stakeholders, IT teams, vendors, and external partners to ensure Medicaid systems and solutions meet contractual, regulatory, and operational expectations
• Analyze federal and state Medicaid regulations, contract requirements, and policy guidance and translate them into clear business and functional requirements
• Support Medicaid program areas such as eligibility, enrollment, claims, encounters, care management, provider management, quality, and compliance
• Interpret CMS, state agency, and contractual changes and assess operational and system impacts
• Develop detailed functional and technical requirements, including use cases, process flows, data mappings, interface specifications, and system configuration needs
• Collaborate with IT, data, and vendor teams to design and validate technical solutions that align with Medicaid business needs
• Support system enhancements, defect resolution, and new implementations across core Medicaid platforms (e.g., claims, encounters, care management, data warehouse)
• Analyze data flows between Medicaid systems, vendors, and external entities (state agencies, CMS, providers)
• Support reporting, analytics, and regulatory submissions (e.g., encounter data, quality measures, financial reporting)
• Assist with data validation, reconciliation, and root cause analysis for Medicaid data issues
• Serve as a liaison between Medicaid business teams, IT, finance, compliance, and external vendors
• Facilitate requirements workshops, design sessions, and stakeholder reviews
• Clearly communicate complex technical concepts to non technical stakeholders and business priorities to technical teams
• Support system testing activities, including test planning, test case development, and user acceptance testing (UAT)
• Validate that solutions meet Medicaid business and regulatory requirements prior to deployment
• Support go live activities and post implementation issue resolution
• Maintain clear, audit ready documentation of requirements, decisions, and approvals
• Ensure alignment with Medicaid governance, SDLC, and change management processes
• Support audits, regulatory reviews, and compliance inquiries as needed

Requirements:

• Bachelor's degree in Business, Information Systems, Health Administration, Public Health, or a related field (or equivalent experience)
• 5+ years of experience as a Business Analyst, with direct Medicaid or healthcare payer experience
• Strong understanding of Medicaid programs, managed care operations, and state/federal compliance requirements
• Experience translating business requirements into technical specifications
• Experience working with IT teams, system vendors, and data/reporting teams
• Strong analytical, documentation, and problem solving skills
• Experience supporting Medicaid managed care organizations (MCOs) or state Medicaid programs
• Familiarity with Medicaid healthcare payer systems such as claims platforms, encounter processing, care management systems, or eligibility/enrollment platforms
• Experience with data analysis, SQL, or data warehouse concepts
• Knowledge of CMS reporting, state encounter submissions, or quality programs
• Experience with Agile, SAFe, or traditional SDLC methodologies