Our work matters. We help people get the medicine they need to feel better and live well. We do not lose sight of that. It fuels our passion and drives every decision we make.
Job Description Summary
Responsible for overseeing the day-to-day activities of the Commercial Rebate Operations function for Magellan Rx to ensure appropriate rebating and reconciliation of formulary prescription drugs. Primary duties include ensuring all data is submitted by health plan clients in a timely and compliant manner, invoicing to manufacturers is done in accordance with contractual terms, and reconciling rebate payments from manufacturers and calculating payment invoices to health plans. All job duties and responsibilities must be carried out in compliance with applicable legal and regulatory requirements.Job Description
Manages small teams within the commercial rebate operations structure to ensure that program administration processes and procedures are efficient, effective and in compliance with all contractual obligations. This includes providing support during rebate contract negotiations; conducting periodic reviews of payment reconciliations, invoices and utilization data to ensure accuracy and completeness and maximize top-line revenue potential.
Manages the preparation of quarter end utilization submission packages to the pharmaceutical companies.
Provide critical input to the development, implementation and utilization of the company's Manufacturer Rebate System (MRS) database by providing specifications to ensure that it meets current needs of client base, consistent with strategic goals.
Works with Director, Commercial Pharmacy Rebate Operations, company's IT Administration, third-party developer, and company management to drive development and utilization of the MRS database to ensure necessary changes are implemented to support quarterly invoicing.
Responsible for implementation and maintenance of processes to streamline the data flow between Magellan Rx and its respective health plan clients and pharmaceutical companies. Serves as point of contact to internal departments of Magellan Rx, including participating in internal and external audits.
Participates in the development of internal and external analytical tools to better manage rebate operations and support the client.
Requirements:
Responsibilities
Work Experience
Work Experience - Required:
Analytics/Informatics, Pharmacy Rebate ManagementWork Experience - Preferred:
Education
Education - Required:
A Combination of Education and Work Experience May Be Considered., Bachelors - FinanceEducation - Preferred:
Certifications
Certifications - Required:
Certifications - Preferred:
Potential pay for this position ranges from $85,570.00 - $145,470.00 based on experience and skills. Pay range may vary by 8% depending on applicant location.To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail.
Prime Therapeutics LLC is an Equal Opportunity Employer. We encourage diverse candidates to apply and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy), sexual orientation, gender identity or expression, genetic information, marital status, family status, national origin, age, disability, veteran status, or any other legally protected class under federal, state, or local law.
Positions will be posted for a minimum of five consecutive workdays.