Pharmacy Benefits Manager (PBM) Pricing Strategy Analyst

Elevance Health • Columbus, OH

404d

About The Position

The PBM Pricing Strategy Analyst at Elevance Health is responsible for supporting Administrative Services Only (ASO) functions, focusing on pricing strategy and revenue maximization. This role involves implementing new processes, monitoring performance metrics, and supporting the Pharmacy Services team in growth initiatives.

Requirements

• Requires a BA/BS in Finance or related field.
• Minimum of 1 year of experience with Pharmacy Benefits Manager (PBM) and data analysis, or any combination of education and experience that provides an equivalent background.

Responsibilities

• Implements new processes, process improvements, and best practices related to guarantee monitoring and ASO pass back activities.
• Creates and implements metrics and supports performance measures to establish performance objectives for revenue maximization.
• Creates tools and processes to monitor margin revenue and client retention.
• Monitors revenue performing below thresholds and implements necessary tasks to bring performance to or above targets.
• Implements pricing in the system related to margin.
• Supports the Pharmacy Services team in implementing future revenue, member expansion and growth capacity.

Benefits

• Merit increases
• Paid holidays
• Paid Time Off
• Incentive bonus programs
• Medical benefits
• Dental benefits
• Vision benefits
• Short and long term disability benefits
• 401(k) with matching
• Stock purchase plan
• Life insurance
• Wellness programs
• Financial education resources

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Industry: Insurance Carriers and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 11-50 employees