Trade Relations Pharmacist

Independent Health

2d•$130,000 - $165,000•Remote

About The Position

The Trade Relations Pharmacist will play an integral role in the rebates and drug manufacturer contracts program. This will include assisting in the administration, analysis, pricing, and optimization of processes to best implement and maximize rebate and manufacturer contracts/amendments. This position will assist in pricing, utilization metrics and analysis reports. They will help in 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 support rebate staff by overseeing workflow and providing guidance, training, and development. They will also embrace the unit’s performance goals and initiatives. The Trade Relations Pharmacist will work with other cross functional subject matter experts within the company to help develop strategies that leverage key initiatives and strike a balance between plan sponsor satisfaction and profitability. They 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.

Requirements

Bachelor’s degree in pharmacy required.
Two (2) years of healthcare/pharmacy or PBM industry experience required.
Strong problem solving, analytical, and verbal and written communication skills.
Strategic vision and critical thinking capacity, creativity, and ability to work across several key lines of business.
Ability to negotiate win-win solutions, well organized and exhibiting a strong attention to detail.
Strong Microsoft Office skills required.
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.

Nice To Haves

PharmD preferred.
MBA preferred.

Responsibilities

Use rebate strategies that best position our pharmacy products from both a competitive and margin standpoint, as well as to establish standard pricing methodologies.
Support and optimize rebate analysis, pricing for contracts, RFPs, and related processes.
Identify opportunities to make recommendations and execute improvements that will align with PBD’s vision for growth.
Support auditing of rebates and identifying 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 specifications, pricing sensitivities, and key proposal requirements and formulate strategies and pricing responses.
Responsible for rebate data metrics, rebate summary reporting and presentation for senior management.
Assist with negotiations on contracts with manufacturers on rebates for all lines of business.
Review quarterly formularies for accuracy to ensure compliance with rebate contracts.
Assist with Medicare and Medicaid compliance reporting of manufacture rebate information including DIR reporting to CMS and Medicaid rebate reporting and budgeting to the state.
Support the activities of the rebate analyst’s team to meet all performance goals, assuring that all day-to-day issues are resolved on a timely basis.
Monitor trend reporting and model rebate guarantees for self- funded clients to PBD senior management and sales team.
Provide support and recommendations for quarterly P&T meetings, and for opportunities that have been presented that will impact the formulary or cost savings.
Support relationships with key vendors and pharma.