Formulary Analytics Senior Advisor (Red Wing)

CVS Health in Red Wing, MN

  • Industry: Scientific Research - Health/Medicine/Pharmacology
  • Type: Full Time
  • $72,960.00 - 142,490.00
position filled
Job Description Would you like to join Fortune 7 CVS Health leading our dynamic and growing Trade Relations team? You will have the opportunity to utilize your analytic, financial and strategic skills to support the development of pharmaceutical procurement strategies that directly contribute to the bottom line of a Fortune 7 organization. The Formulary Analytics Senior Advisor will assist the Specialty, Traditional and Medical Contract Negotiators during the development, implementation, execution, performance monitoring and issue resolution with all Specialty, Traditional and Medical contracts and services. While the contract is in development, the account manager will work alongside Trade Negotiators, to develop analytics, provide comments, and support contract development in regards to rebates. When a contract is implemented, the Formulary Analytics Senior Advisor will serve as the liaison between Trade, Contract Administration, and Program Operations to implement and deliver on agreed upon services within the contract, data build, from the trade perspective, and deliverables, monitor performance, monitor invoicing, monitor adhering to committed timelines, proactively identity issues and problem solve. The Formulary Analytics Senior Advisor will need to create a process to continually monitor contracts to measure that we are achieving the maximum financial value that the contract was underwritten for and create solutions or process where there are issues of under-performance. The Formulary Analytics Senior Advisor will also support and represent Trade on Trade initiatives and Program Initiatives as they arise. Additional Responsibilities Include: The Trade Relations Formulary Analytics role plays a key role in engaging negotiators and CVS Health leadership, facilitating the creation and implementation of strategies in existing and new areas to minimize client drug spend. You will be expected to analyze, research, and prepare presentations and recommendations for negotiators, and facilitate understand of complex drug utilization patterns in growth areas including health outcomes, oncology and gene therapy. You will also work with Trade Negotiators and Trade Clinical liaison teams to develop potential management strategies with a deep understanding of utilization and cost patterns that underlie them. You will assist Trade leadership to meeting financial management goals, including rebate generation. This is an outstanding opportunity with exposure to leadership in a diverse and growing area of the healthcare industry. -Assisting with strategic initiatives, including working in a cross functional team environment on multiple projects at a time and handling needs from the Trade Relations organization. -Partnering with Trade negotiators and analytic and finance teams to characterize and develop strategies in and understand of complex therapeutic areas. -Track and communicate the performance of existing initiatives and monitor the competitive landscape Required Qualifications 5 or more years of relevant experience, preferably in healthcare, managed care, health plans, or PBM with a focus on analytics and financial strategies. Preferred Qualifications -MBA or advanced degree in financial related area -Project management or health care consulting experience -Demonstrated track record of success with analytic projects or product development - High level of knowledge of pharmacy benefit capabilities and pharmacy benefit operations. - Ability to work independently and proactively recognize opportunity to improve processes and proactively identify and solve problems. - High standard of professionalism, excellent verbal and written skills are required in order to communicate effectively with multiple internal departments and levels -Presentation and public speaking experience -Travel up to 10% of the time. Education Bachelors degree required; preferably in pharmacy, business, finance or economics. Advanced degree preferred. Business Overview Its a new day in health care. Combining CVS Health and Aetna was a transformative moment for our company and our industry, establishing CVS Health as the nations premier health innovation company. Through our health services, insurance plans and community pharmacists, were pioneering a bold new approach to total health. As a CVS Health colleague, youll be at the center of it all. We offer a diverse work experience that empowers colleagues for career success. In addition to skill and experience, we also seek to attract and retain colleagues whose beliefs and behaviors are in alignment with our core values of collaboration, innovation, caring, integrity and accountability. CVS Health is an equal opportunity/affirmative action employer. Gender/Ethnicity/Disability/Protected Veteran we highly value and are committed to all forms of diversity in the workplace. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities. We comply with the laws and regulations set forth in the following EEO is the Law Poster: EEO IS THE LAW and EEO IS THE LAW SUPPLEMENT . We provide reasonable accommodations to qualified individuals with disabilities. If you require assistance to apply for this job, please contact our Advice and Counsel Reasonable Accommodations team . Please note that we only accept applications for employment via this site. If technical issues are preventing you from applying to a position, contact Kenexa Helpdesk at 1-855-###-#### or ...@us.ibm.com . For technical issues with the Virtual Job Tryout assessment, contact the Shaker Help Desk at 1-877-###-#### .
Associated topics: dietary, dietetic, immuno oncology, kinesiology, medical, nutritionist, pharmacology, physiologist, physiology, trauma

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