Teva is a global pharmaceutical leader and the world's largest generic medicines producer, committed to improving health and increasing access to quality health solutions worldwide. Our employees are at the core of our success, with colleagues in over 80 countries delivering the world's largest medicine cabinet to 200 million people every day. We offer a uniquely diverse portfolio of products and solutions for patients and we've built a promising pipeline centered around our core therapeutic areas. We are continually developing patient-centric solutions and significantly growing both our generic and specialty medicines business through investment in research and development, marketing, business development and innovation. This is how we improve health and enable people to live better, healthier lives. Join us on our journey of growth!
The purpose of the position is to identify and resolve compliance and eligibility issues with contracted managed care customers. The position works with Teva Market Access account managers and contracted accounts to gain alignment on formulary product placement and compliance and to recover previously paid rebates or discounts in the event of noncompliant formulary findings.
The incumbent will be responsible for identifying and investigating formulary positions on PBM and Health Plan websites and formal Pharmacy Drugs Lists (PDLs) to validate product placement complies with all terms and conditions of the managed care contract. Using critical thinking skills and data analytics, the incumbent will complete complex investigational audit reviews, identify risks and compliance issues and present findings both verbally and in writing to key internal and external stakeholders. In addition, the Sr. Contract Compliance Analyst will participate in identifying and recommending contracting strategy changes as related to the effectiveness of the contract terms and conditions.
The Sr. Contract Compliance Analyst reports to the Sr. Director, Contract Administration & Maintenance within Revenue Optimization and Contract Compliance (ROCC).
Major duties and responsibilities required to achieve the position's objectives and be successful in the Sr. Contract Compliance Analyst role:
% of Time
Establishes audit plan to review top 80% of contracted account formularies across commercial, Medicare Part D, and managed Medicaid channels.
Reviews Teva products on each formulary and assesses compliance within stated terms and conditions of contract. Requests and obtains supporting documentation (prior authorizations, step edits, etc.) as needed to complete assessment.
Maintains system to identify and track the status of all disputed records within each account and channel. Reports compliance savings.
Analyzes claim data to identify formulary outliers and assess financial impact of formulary noncompliance.
Completes formulary assessment documents for Compliance Committee review. Supports the Committee's compliance assessment.
Education: Bachelor's Degree required; MBA preferred
Thorough understanding of Managed Care contracting as it relates to formulary access and tier position; industry understanding of step-edits, NDC blocks, prior authorizations, copay differentials, preferred and non-preferred status is a plus
Ability to articulate comprehensive understanding of contract terms and conditions
Advanced understanding of pharmaceutical rebate flow and decision points
Minimum 5-7 years experience in financial analysis
Minimum 2-3 years experience working with drug formularies
Advanced Excel skills
Brand pharmaceutical business, specifically in market access
Negotiation and presentation skills
Understanding of drug purchase discounts and interaction with Rx based rebates
Analyzes large data sets looking for anomalies and aberrant trends
Ability to see relationships in data and arrive at cause and effect
Detail oriented, ability to see errors and verify the correctness of analyses
Autonomy & Problem Solving
Is a self starter, works autonomously and takes initiative
Ability to identify actions necessary to achieve task completion
Solves problems interdependently, seeks out other perspectives
Takes personal responsibility for results and quality of work
Communication and Influence
Ability to communicate effectively both verbally and in writing
Presents information that will have a strong effect on others
Presents arguments that address others' concerns
Builds coalition to support best solutions and recommendations
Planning and Organization
Has a strong sense of urgency about meeting deadlines
Ability to manage several projects at one time
Demonstrates ability to re-prioritize workload based on new commitments
Organizes work so that others can follow development and conclusions
Managed Care Administration
Senior Director, Contract Administration & Maintenance
Teva's Equal Employment Opportunity Commitment
Teva Pharmaceuticals is committed to equal opportunity in employment. It is Teva's global policy that equal employment opportunity be provided without regard to age, race, creed, color, religion, sex, disability, pregnancy, medical condition, sexual orientation, gender identity or expression, ancestry, veteran status, national or ethnic origin or any other legally recognized status entitled to protection under applicable laws.
Nearest Major Market: New York City
Nearest Secondary Market: Newark
Teva Pharmaceutical Industries