Pharmacist Trade Relations Formulary & Rebate Optimization

MedImpact Healthcare Systems, Inc.•San Diego, CA

25d•$108,515 - $196,412•Onsite

About The Position

MedImpact Healthcare Systems, Inc. is looking for extraordinary people to join our team! Why join MedImpact? Because our success is dependent on you; innovative professionals with top notch skills who thrive on opportunity, high performance, and teamwork. We look for individuals who want to work on a team that cares about making a difference in the value of healthcare. At MedImpact, we deliver leading edge pharmaceutical and technology related solutions that dramatically improve the value of health care. We provide superior outcomes to those we serve through innovative products, systems, and services that provide transparency and promote choice in decision making. Our vision is to set the standard in providing solutions that optimize satisfaction, service, cost, and quality in the healthcare industry. We are the premier Pharmacy Benefits Management solution! The Trade Relations Formulary and Rebate Optimization Pharmacist is a client facing role that develops client specific clinical strategies in order to ensure that clients make sound, fact-based financial decisions related to the client’s prescription drug program and formulary. This position analyzes MedImpact’s client and market data to develop client specific strategies to manage member costs, grow the client’s business, and structure client offerings and formularies to meet the client’s clinical and financial goals. Responsibilities include working with assigned clients, the MedImpact Account team, external vendors and internal MedImpact departments to identify client specific opportunities and to financially evaluate those opportunities and present recommended strategies to the client. This role analyzes large data sets to identify opportunities; conducts benchmarking analyses; reviews, tracks rebate performance and models rebate opportunities; ensures client contract terms related to financial performance are monitored and tracked; and identifies and implements new opportunities and strategies to assist clients in meeting their financial goals.

Requirements

PharmD and 3+ years’ experience or equivalent combination of education and experience, and 1 year of SME in respective areas
Good knowledge of Microsoft Office Suite software including Word and Access.
Strong Excel skills.
Registered Pharmacist in the State of California or equivalent state.
Solid working knowledge of PBM industry, healthcare, and government programs.
Proven leadership skills, excellent communication skills (both verbal and written), analytical and financial reasoning skills.
Experience in operational application of database applications, accounting, finance, or data analysis.
Demonstrated attention to detail and experience leading quality improvement initiatives.
Ability to represent MedImpact at the enterprise level with proper business decisions.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume.
Ability to apply concepts of basic algebra and geometry.
Ability to read, analyze, and interpret common scientific and technical journals, financial reports, and legal documents.
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Composure
Decision Quality
Organizational Agility
Problem Solving
Customer Focus
Drive for Results
Peer Relations
Time Management
Dealing with Ambiguity
Learning on the Fly
Political Savvy

Nice To Haves

Prefer working knowledge of SQL software.

Responsibilities

Proactively identifies client specific financial strategies to manage plan costs.
Models clinical rebate opportunities and present opportunities to assigned clients.
Proactively recommends formulary strategies to maximize clinically appropriate rebate opportunities.
Monitors and adheres to contractual requirements associated with Trade Relations.
Analyzes client specific financial data including rebates, clinical programs, and benefits data and develops and presents relevant reporting to clients.
Benchmarks client financial performance versus similar clients and available industry data.
Monitors and interprets contracts to identify MedImpact and client obligations related to rebate financial terms.
Tracks performance to determine if contract requirements are being met and develops strategies to address financial shortfalls.
Proactively works with client teams to close gaps in client performance including formulary compliance and formulary optimization.
Supports client teams in clarifying MedImpact’s position related to contract disputes.
Analyzes very large data sets to proactively identify areas of opportunity including identifying clients that are not optimizing their rebate performance.
Develops and implements strategies to address these opportunities and tracks results.
Develops custom and ad hoc reports for clients; interprets and presents information to clients including appropriate recommendations based on the data.
Builds strong and collaborative working relationships with other members of the Trade Relations department, Account Team, Financial Analytics Team and other MedImpact departments to deliver value to clients and generate revenue and reduced risk for MedImpact.
Other duties as assigned.