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Pharmacy Analytics Consultant

4 months ago

Hunt Valley, United States AssuredPartners Full time
Overview

As the Pharmacy Analytics Consultant, you will be responsible for tasks related to the Pharmacy Analytics practice for AssuredPartners existing and prospective clients. You will provide support for and be responsible for assisting with Reporting, Pharmacy Analytics, Data Management, and Vendor Oversight.

The Pharmacy Analytics Consultant will work with Data Consultants, Underwriters, Account Managers, Producers, and Clients in preparing requests for proposals, obtaining, and analyzing carrier quotes, inputting, and analyzing data from various automation systems, and maintaining a book of business.

The Ideal Candidate

  • A true professional, you have an excellent balance of analytical skills while being team oriented.
  • You are a natural presenter and great communicator up, down, and across the organization and work well with other teams and in client settings.
  • The results of your work speak for itself to drive the business forward.

If this interests you, we invite you to keep reading and apply

What You'll Do
  • Review data for reasonableness, and validate data against key performance indicators collected from the Pharmacy Benefit Manager vendor (PBM)
  • Execute competitive bidding of pharmacy coverage for clients.
  • Prepare presentations outlining financial and contractual analysis according to company policy.
  • Perform pharmacy pricing guarantee reconciliations for clients on both a quarterly and annual basis.
  • Full working knowledge of PBM pricing, contract language and financial modeling of a pharmacy benefits proposal.
  • The experience working within Medispan and other drug pricing services.
  • Work with Underwriters and Data Consultants to evaluate, determine, and recommend alternative coverages, pricing, options, and plan design changes based on analysis of available plan elements and on client/prospect goals.
  • Learn to interpret clients’ current pharmacy programs and identify/recommend gaps, alternatives, additional plan design changes, etc.
  • Produce deliverables timely, accurately, and in compliance with company standards.
  • Help in leading, training, and mentoring junior staff members where appropriate.
  • Continuously assess and provide recommendations for process improvement.
  • Collaborate with peers on the Healthcare Strategy team on best practices.
  • Negotiate Pharmacy coverage with carrier partners.
  • Present all forms of reporting and financial deliverables to our clients.
  • Forecast and develop client budget projections.
  • Maintain positive relationships with vendor representatives.
  • Remain abreast of the health insurance environment and constantly changing insurance legislation.
  • Research and understand industry trends and PBM product offerings
  • Respond to routine and non-routine correspondence.
  • Work independently and within the team on special nonrecurring and ongoing projects.
  • Represent AssuredPartners positively and professionally with both internal and external Clients.
  • Maintain composure and effectiveness under pressure in a deadline-driven environment.
  • Perform other duties and special projects as assigned.
What's in it For You?

To help you make the best decision for your personal growth, it’s important to us to share a glimpse of what we offer our top asset, our people:   

  • Competitive base salary   
  • Generous 30+ Days Comprehensive Paid Time Off Package inclusive of Paid Time Off, 10 Company Holidays, 2 Floating Holidays, 5 Sick Days, and 2 Volunteer Days
  • Health benefit options with you in mind; 5 affordable medical plan options with rates based on your salary, company paid HSA contribution with eligible HSA plan selection, 2 dental plan options offering orthodontia coverage and 3 cleanings per year, and 2 vision plan options    
  • Company match 401(k) plan – 50% up to 6%   
  • Support of your fitness wellness goals We offer up to 75% off at over 11,000 gyms and fitness centers    
  • Opportunity to prioritize your mental health with 24/7 access to licensed therapists   
  • Pet benefits & discounts    
  • Access to our Employee-led Resource Groups (ERGs) that lend a voice to the variety of demographics represented throughout AssuredPartners  
What You'll Need
  • Strong employee benefits knowledge and/or math, economics, and finance background preferred.
  • Strong knowledge of the Pharmacy Benefit Management (PBM) industry
  • Great communicator up, down, and across the organization
  • Ability to interact with vendors effectively.
  • Excels in time management while working with various deadlines.
  • Proficient in Microsoft Office applications – excel proficiency is a must.
  • Strong PC skills with the aptitude to learn new systems.