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OVERVIEW
The Supervising Pharmacist, Trade Relations will be responsible for administering the rebates and drug manufacturer contracts program. This will include administration, analysis, pricing, and optimization of processes to best implement and maximize rebate and manufacturer contracts/amendments. The Supervising Pharmacist will also develop pricing, utilization metrics, and analysis reports. They will lead negotiations on renewals and any new or re-negotiation of formulary products. Additional responsibilities will include decision support analysis for the broker/client RFP process and providing contract support for group and manufacturer contracts.
This position will oversee a team consisting of Trade Pharmacists and support staff and will oversee workflow and provide guidance, training, development, and coaching to ensure the team understands and embraces the units performance goals and initiatives.
The Supervising Pharmacist will work with the Independent Health Pharmacy team and other cross-functional subject matter experts within the company to develop strategies that leverage key initiatives and strike a balance between Plan Sponsor satisfaction and profitability. The Supervising Pharmacist will work with the sales team to facilitate understanding of the needs of existing and prospective clients. They will work collaboratively with Legal to execute all drug manufacturer contracts, addendums, and amendments.
QUALIFICATIONS
License to practice pharmacy in New York State required. PharmD preferred.
Five (5) years of experience in business-to-business servicing in a Pharmacy, Pharmaceutical Industry, or PBM setting required. Experience with contract negotiation strongly preferred.
One (1) year of progressive leadership/management responsibility required.
Strong problem-solving, analytical, and verbal/written communication skills.
Proven ability to negotiate win-win solutions, well-organized, and exhibiting a strong attention to detail.
Strong working knowledge of pharmaceutical products and current therapeutic practices.
Ability to synthesize data related to various market trends, product changes, and financial metrics to recommend pricing or pricing strategy.
Effectively handle shifting assignments and priorities to meet deadlines.
Proven examples of displaying the PBD values: Trusted Advisor, Innovative, Excellence, Guardianship, Dedication, and Caring.
ESSENTIAL ACCOUNTABILITIES
Be part of a multi-functional team, including Pharmacy and PBD, to develop rebate strategies that best position our pharmacy products from a competitive and margin standpoint and establish standard pricing methodologies.
Manage, support, and optimize rebate analysis, pricing for contracts, RFPs, and related processes. Identify opportunities to make recommendations and execute improvements.
Oversee auditing of rebates and identify rebate opportunities in various contracting and payment reconciliation.
Negotiate and coordinate RFPs, contracts, and amendments. Analyze contract language and financial parameters to maximize profit and ensure business risk is mitigated and compliance is adhered to.
Analyze RFP pricing specifications, pricing sensitivities, essential proposal requirements, and formulate strategies and pricing responses. Responsible for rebate data metrics, rebate summary reporting, and presentation for senior management.
Create and maintain contract and pricing databases for analysis, planning, and organization.
Evaluate, mentor, and develop staff to maximize performance and job satisfaction.
Negotiate and contract with manufacturers on rebates for all lines of business, including Medicare, Medicaid, Exchange, EGWP, Self-funded, Small group, and Commercial products.
Review quarterly formularies for accuracy to ensure compliance with rebate contracts.
Assist with preparation of Medicare and Medicaid compliance reporting of manufacturer rebate information, including DIR reporting to CMS and Medicaid rebate reporting and budgeting to the state.
Assist with the activities of the rebate analysts team to meet all performance goals.
Manage ad hoc reporting and support to PBD sales and client support as needed.
Assist with Quarterly and Year-End reporting of rebates, payments, and trends to IHA finance and quarterly reports for pharmacy and PBD senior management.
Monitor, trend reporting, and model rebate guarantees for self-funded clients to PBD senior management and sales team.
Provide support, recommendations, financial modeling, and analysis for quarterly P&T meetings.
Assist the Analytical team with managing rebate system vendor to ensure all quarterly data is accurate and implement changes as new business opportunities warrant.
IMMIGRATION OR WORK VISA SPONSORSHIP WILL NOT BE PROVIDED FOR THIS POSITION
Hiring Compensation Range: $150,000 - $190,000 annually
Compensation may vary based on factors including but not limited to skills, education, location, and experience.
In addition to base compensation, associates may be eligible for a scorecard incentive, full range of benefits, and generous paid time off.
The base salary range is subject to change and may be modified in the future.
AS AN EQUAL OPPORTUNITY/AFFIRMATIVE ACTION EMPLOYER, INDEPENDENT HEALTH AND ITS AFFILIATES WILL NOT DISCRIMINATE IN ITS EMPLOYMENT PRACTICES DUE TO AN APPLICANTS RACE, COLOR, CREED, RELIGION, SEX (INCLUDING PREGNANCY, CHILDBIRTH OR RELATED MEDICAL CONDITIONS), SEXUAL ORIENTATION, GENDER IDENTITY OR EXPRESSION, TRANSGENDER STATUS, AGE, NATIONAL ORIGIN, MARITAL STATUS, CITIZENSHIP AND IMMIGRATION STATUS, PHYSICAL AND MENTAL DISABILITY, CRIMINAL RECORD, GENETIC INFORMATION, PREDISPOSITION OR CARRIER STATUS, STATUS WITH RESPECT TO RECEIVING PUBLIC ASSISTANCE, DOMESTIC VIOLENCE VICTIM STATUS, A DISABLED, SPECIAL, RECENTLY SEPARATED, ACTIVE DUTY WARTIME, CAMPAIN BADGE, ARMED FORCES SERVICE MEDAL VETERAN, OR ANY OTHER CHARACTERISTICS PROTECTED UNDER APPLICABLE LAW.
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Find A Career as a Redshirt
Being an Independent Health Redshirt is more than just a title. It's providing our members with high quality care and service which is core of who we are and what we do best.
Be part of a collaborative , innovative team that prides itself on being diverse in skill, in thought and in culture. It's what earned us the recogntion as one of the "Best Companies to Work for in New York" for eight consecutive years.
As an Equal Opportunity / Affirmative Action Employer, Independent Health and its affiliates will not discriminate in its employment practices due to an applicant’s race, color, religion, sex, national origin, veteran or disability status, sexual orientation, gender identity or any other characteristics protected under applicable law.