Supervising Pharmacist, Trade Relations at Independent Health

Vantaa, Uusimaa, Finland -

Full Time

Start Date

Immediate

Expiry Date

11 Jan, 26

Salary

150000.0

Posted On

13 Oct, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Pharmacy, Contract Negotiation, Analytical Skills, Problem Solving, Communication Skills, Leadership, Team Management, Rebate Analysis, Pricing Strategy, Utilization Metrics, Data Synthesis, Compliance, Financial Modeling, Client Support, Training, Coaching

Industry

Insurance

Description

FIND YOUR FUTURE We're excited about the potential people bring to our organization. You can grow your career here while enjoying first-class perks, benefits and a culture that fosters growth, innovation and collaboration. Overview The Supervising Pharmacist, Trade Relations will be responsible for administering the rebates and drug manufacturer contracts program. This will include administration, analysis, pricing, and optimization of processes to best implement and maximize rebate and manufacturer contracts/amendments. The Supervising Pharmacist will also develop pricing, utilization metrics and analysis reports. They will lead 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 oversee a team consisting of Trade Pharmacists and support staff and will oversee workflow and provide guidance, training, development and coaching to ensure the team understands and embraces the unit’s performance goals and initiatives. The Supervising Pharmacist will work with the Independent Health Pharmacy team and other cross functional subject matter experts within the company to develop strategies that leverage key initiatives and strike a balance between Plan Sponsor satisfaction and profitability. The Supervising Pharmacist 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. Qualifications License to practice pharmacy in New York State required. PharmD preferred. Five (5) years of experience in business-to-business servicing in a Pharmacy, Pharmaceutical Industry or PBM setting required. Experience with contract negotiation strongly preferred. One (1) year of progressive leadership/management responsibility required. Strong problem solving, analytical, and verbal/written communication skills. Proven ability to negotiate win-win solutions, well organized and exhibiting a strong attention to detail. Strong working knowledge of pharmaceutical products and current therapeutic practices. Ability to synthesize data related to various market trends, product changes and financial metrics to recommend pricing or pricing strategy. Effectively handle shifting assignment and priorities to meet deadlines. Proven examples of displaying the PBD values: Trusted Advisor, Innovative, Excellence, Guardianship, Dedication and Caring. Essential Accountabilities Be part of a multi-functional team, including Pharmacy and PBD, to develop rebate strategies that best position our pharmacy products from a competitive and margin standpoint and establish standard pricing methodologies. Manage, support, and optimize rebate analysis, pricing for contracts, RFPs, and related processes. Identify opportunities to make recommendations and execute improvements. Oversee auditing of rebates and identify rebate opportunities in various contracting and payment reconciliation. Negotiate and coordinate RFP’s, 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 pricing specifications, pricing sensitivities, essential proposal requirements, and formulate strategies and pricing responses. Responsible for rebate data metrics, rebate summary reporting, and presentation for senior management. Create and maintain contract and pricing databases for analysis, planning, and organization. Evaluate, mentor, and develop staff to maximize performance and job satisfaction. Negotiate and contract with manufacturers on rebates for all lines of business, including Medicare, Medicaid, Exchange, EGWP, Self-funded, Small group, and Commercial products. Review quarterly formularies for accuracy to ensure compliance with rebate contracts. Assist with preparation of Medicare and Medicaid compliance reporting of manufacturer rebate information, including DIR reporting to CMS and Medicaid rebate reporting and budgeting to the state. Assist with the activities of the rebate analyst’s team to meet all performance goals. Manage ad hoc reporting and support to PBD sales and client support as needed, Assist with Quarterly and Year-End reporting of rebates, payments, and trends to IHA finance and quarterly reports for pharmacy and PBD senior management. Monitor, trend reporting, and model rebate guarantees for self-funded clients to PBD senior management and sales team. Provide support, recommendations, financial modeling, and analysis for quarterly P&T meetings. Assist the Analytical team with managing rebate system vendor to ensure all quarterly data is accurate and implement changes as new business opportunities warrant. Immigration or work visa sponsorship will not be provided for this position Hiring Compensation Range: $125,000 - $150,000 annually Compensation may vary based on factors including but not limited to skills, education, location and experience. In addition to base compensation, associates may be eligible for a scorecard incentive, full range of benefits and generous paid time off. The base salary range is subject to change and may be modified in the future. As an Equal Opportunity / Affirmative Action Employer, Independent Health and its affiliates will not discriminate in its employment practices due to an applicant’s race, color, creed, religion, sex (including pregnancy, childbirth or related medical conditions), sexual orientation, gender identity or expression, transgender status, age, national origin, marital status, citizenship and immigration status, physical and mental disability, criminal record, genetic information, predisposition or carrier status, status with respect to receiving public assistance, domestic violence victim status, a disabled, special, recently separated, active duty wartime, campaign badge, Armed Forces service medal veteran, or any other characteristics protected under applicable law. Click here for additional EEO/AAP or Reasonable Accommodation information. Current Associates must apply internally via the Job Hub app. The Independent Health Family of Companies, headquartered in Buffalo, NY, serves nearly 400,000 members and provides innovative health care products and benefits designed to engage consumers in their health and well-being. Established in 1980, our comprehensive portfolio includes Pharmacy Benefit Dimensions, Reliance Rx, Nova Healthcare Administrators, Care for You and the Independent Health Foundation. Our culture sets us apart. Our core values drive who we are and the work we do. As a member of our family, you’re part of something special, in your work and in the community. We understand and appreciate that everyone has unique experiences, perspectives and identities which is why we pledge to create a safe space where all people and ideas are welcomed. We are here to continue learning and to generate important dialog. We are committed to doing what matters most - reaching out, working together, and caring for our community. A healthy community benefits everyone who lives in it. You too can be part of making difference in the lives of others, together we achieve so much more. Please click here to view our Community Reports. Apply today and join us on the journey to a happier, healthier, and more inclusive community. We are committed to providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. An applicant for employment in need of an accommodation to participate in the application and recruitment process should contact Human Resources at: accommodations@independenthealth.com or Human Resources, 511 Farber Lakes Drive, Williamsville, NY 14221. Please note, we do not accept unsolicited resumes. We do not accept resumes from headhunters, placement agencies, or other suppliers that have not signed a formal agreement with us.

Responsibilities

The Supervising Pharmacist will administer the rebates and drug manufacturer contracts program, including analysis, pricing, and optimization of processes. They will lead negotiations on renewals and new formulary products while overseeing a team of Trade Pharmacists and support staff.