Senior Analyst, Managed Care Rebate Operations

Bristol Myers Squibb•Princeton, NJ

1d•Hybrid

About The Position

This role is responsible for contract administration, data validation, analysis, processing and payment of rebates associated with Managed Care contracts. Primary duties include interpretation and evaluation of contract terms, claims eligibility validation, formulary verification, rebate adjudication and external customer management to ensure proper determination and payment of contracted rebates.

Requirements

BA/BS degree or equivalent preferred
Minimum 5 years of experience in one of the following: contract administration, rebate processing or business/financial analysis
Managed Care experience
Experience with analytical techniques to determine reasonableness of data, trends and the root cause of issues
Demonstrated strong organizational skills
Proven ability to multitask and make rapid decisions when discrepancies or non-routine situations arise
Effective communication skills and has dealt with both internal and external customers while obtaining the know-how to prompt them for complete/accurate information
Flexible, team player open to collaborating across team assignments and ad-hoc projects
MS Office (Excel, Access)
Proficient in Microsoft Excel

Responsibilities

Review executed paper contract, develop summary of contract terms and set up contract to accurately reflect the intent of the contract
Maintain Managed Care rebate contracts including contract terms, membership and formulary status
Review and validate submitted Managed Care rebate claims data and make decisions on claims eligibility based on plan formulary status and compliance.
Calculate rebates on eligible claims, review for accuracy through the thorough analysis and resolution of discrepancies, and make decision on final payment due to customer per the contract terms
Collaborate with Contract Strategy team, as needed, to ensure that the intent of the contract is carried out in the rebate calculations and payments
Provide analytical thinking and business acumen to identify and make decisions to resolve variances in claims data trends or expected rebate rates.
Evaluate invoices for year-to-date rebate payment trends and provide explanations for variances vs. prior periods.
Make decisions to escalate certain unexplained variances which may indicate potential compliance or performance issues to Contract Strategy leadership for further action.
Prepare payment packages and process payments.
Resolve outstanding issues to ensure payments are made within the contractual timeframe.
Monitor drug formulary compliance
Serve as primary contact with external customers (payers) and Contract Strategy team to address questions or to resolve issues.
In the event of disputes, gather supporting facts and make recommendations for resolution for approval by Contract Strategy management.
Apply process oriented and critical thinking to enhance organizational effectiveness of accurate and timely contract administration and rebate processing.
Revise SOPs as required to reflect process improvements.
Maintain compliance with SOX and audit controls governing contract and rebate operations.
Assist in fulfilling requirements related to internal/external audits of systems and processes, legal requests and government agency inquiries

Benefits

Medical, pharmacy, dental, and vision care.
BMS Well-Being Account, BMS Living Life Better, and Employee Assistance Programs (EAP).
401(k) plan, short- and long-term disability, life insurance, accident insurance, supplemental health insurance, business travel protection, personal liability protection, identity theft benefit, legal support, and survivor support.
Flexible time off (unlimited, with manager approval, 11 paid national holidays (not applicable to employees in Phoenix, AZ, Puerto Rico or Rayzebio employees))
160 hours annual paid vacation for new hires with manager approval, 11 national holidays, and 3 optional holidays
Unlimited paid sick time
Up to 2 paid volunteer days per year
Summer hours flexibility
Leaves of absence for medical, personal, parental, caregiver, bereavement, and military needs
Annual Global Shutdown between Christmas and New Years Day.