Pharmacist Trade Relations Formulary & Rebate Optimization

MedImpact Healthcare Systems, Inc.•San Diego, CA

7d•Onsite

About The Position

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
To perform this job successfully, an individual should have good knowledge of Microsoft Office Suite software including Word and Access. Must have strong Excel skills. Prefer working knowledge of SQL software.
Registered Pharmacist in the State of California or equivalent state.
Solid working knowledge of PBM industry, healthcare, and government programs.
Possess proven leadership skills, excellent communication skills (both verbal and written), analytical and financial reasoning skills.
Requires experience in operational application of database applications, accounting, finance, or data analysis.
Demonstrated attention to detail and experience leading quality improvement initiatives.
Requires the ability to represent MedImpact at the enterprise level with proper business decisions.
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
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.

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.