PBM Audit Manager

MedWiz of New Jersey LLC

Cherry Hill, NJ

JOB DETAILS
SKILLS
Adjudication, Analysis Skills, Auditing, Billing, Biotech and Pharmaceutical, Certified Pharmacy Technician (CPhT), Communication Skills, Compensation and Benefits, Corrective Action, Depth Perception, Documentation, Durable Medical Equipment, Federal Laws and Regulations, Financial Regulations, Financial Risk, Healthcare Administration, Insurance, Leadership, Lift/Move 20 Pounds, Long-Term Care, Maintain Compliance, Medicaid, Medical Billing, Medicare, Medication Administration, Medications, Microsoft Excel, Microsoft Office, Microsoft Outlook, Microsoft Word, Organizational Skills, Patient Care, Pharmacy, Problem Solving Skills, Regulations, Regulatory Compliance, Root Cause Analysis, Staff Training, State Laws and Regulations, Strategic Planning, Third-Party Payer, Time Management, Trend Analysis
LOCATION
Cherry Hill, NJ
POSTED
1 day ago

DescriptionJob Title: Pharmacy Audit Manager?- Billing & Insurance ClaimsFLSA Status: Non-Exempt?Reports to: Director of Regulatory and Compliance ?Hourly/Salary: SalaryDepartment: Compliance?Location: Cherry Hill,?NJMedWiz is the premier pharmacy partner for long-term-care communities that share our commitment and priority to patient-care first. We have transformed the conventional medication management process by being high-touch and patient -focused. At MedWiz we work tirelessly to streamline the often-disjointed communication process between the integral stakeholders in the medication ordering and administration life-cycle. We accomplish this by simplifying processes, educating and communicating frequently. Our comprehensive technology solutions and breadth of pharmaceutical products and services – allow us to be nimble and creative in offering the right service everyone of our unique customer needs. MedWiz understands its customers' needs and has the industry's highest standards – with strict adherence to federal and state regulations.SUMMARYThe Audit Manager is responsible for managing, coordinating, and overseeing all audit-related activities involving pharmacy benefit manager (PBMs), third-party payers, Medicare, Medicaid, and DME claims. This role ensures accuracy and compliance in pharmacy billing practices, manage overpayment and recoupment processes, and implements corrective actions to minimize financial and regulatory risk.ESSENTIAL FUNCTIONSTo perform this job successfully, an individual must be able to perform each essential function satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Predictable, reliable, and punctual attendance is an essential function of the job role.Serve as the primary liaison for all PBM, Medicare, Medicaid, and third-party audits.Review and analyze audit requests, documentation, and findings to ensure accuracy and compliance with payer and regulatory requirementsManage and respond to desk and onsite audits in a timely and professional manner.Identify audit trends and develop preventative strategies to reduce future findingsCollaborate with billing teams to ensure claims are submitted according to payer-specific guidelinesReview, validate, and manage overpayment notifications and recoupment from payersCoordinate internal reviews to determine the accuracy of alleged discrepanciesMaintain accurate documentation for DME dispensing, delivery, and billingSupport audits specific to DME services and implement corrective actions when necessaryPrepare monthly and quarterly audit reportsConduct root cause analysis of audit outcomes and develop corrective and preventative action plansCollaborate with operations, compliance, and clinical teams to strengthen billing accuracy and regulatory adherenceProvide education and training to staff on billing compliance and audit preparednessPHYSICAL DEMANDSThe regular work schedule for this position is approximately 40 hours per week (Monday-Friday) and may require additional hours/overtime as necessary. Must regularly lift and/or move up to 20 pounds. Specific vision abilities required by this job include: Close vision, Distance vision, Peripheral vision, Depth perception, Ability to adjust focus and Ability to match or detect differences between colors, including shades of color and brightness. While performing the duties of this job, the employee is regularly required to talk or hear. The employee is frequently required to stand, bend, and walk.RequirementsQUALIFICATIONSHigh School Diploma or GED requiredBachelor's degree in Healthcare Administration, Business, or related field preferredNJ Pharmacy Technician licenseCertified Pharmacy Technician (CPhT) preferred3-5 years of experience in pharmacy auditing or billingStrong knowledge of PBM contracts, Medicare Part D, Medicaid billing, and DME regulationsExcellent analytical and problem-solving skillsStrong understanding of pharmacy claim adjudication and billing workflowsExceptional organizational skills and attention to detailProficiency with pharmacy management systems and Microsoft Office (Excel, Word, Outlook)Strong communication and leadership ability#J-18808-Ljbffr

About the Company

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MedWiz of New Jersey LLC