CVS Health
Remote/Telecommute
Financial Analyst Advisor - Pharmacy Operations (Fully Remote)
Posted over 1 month ago
Job Description
Job Description
CVS Health is on a mission to transform healthcare. With a shared purpose to help people on their path to better health, we are finding new ways to care for our communities, leveraging our brick and mortar footprint of 10,000 stores. At the heart of this strategy are the 180,000+ store colleagues who build unmatched human connections with our customers every day. As we seek to simplify a complex healthcare system for the patients we serve, while delivering disruptive innovation at a rapid pace, thoughtful communications that engage, inspire, and activate our colleagues across multiple channels are increasingly essential.
As a member of the Pharmacy Operations Analytics team you will be responsible for the design, development and delivery of operational solutions aimed to improve claim level margins. The Financial Analyst Advisor - Pharmacy Operations will be responsible for analyzing script data to understand dispensing patterns and payer reimbursement rates with the objective of driving gross margin through improved reimbursement. In this role, you will enable data-driven strategic decision-making and identify opportunities for existing product improvement and new product development. The result of this ongoing work will look to impact the claim margin across our 1 billion prescriptions annually.
The Financial Analyst Advisor position requires strong analytical, communication, and collaboration skills to be able to influence our store teams and internal business partners. This position will routinely interact with the following groups: Pharmacy Operations, Payer Relations, and Contracting. The candidate must also possess the ability to think creatively, be a self-starter with limited guidance and coaching, and to proactively develop and present potential solutions.
* Create solid business cases that determine the value and risks associated with new opportunities and refinement of existing, strategically employing data analysis to discover new opportunities and monitor existing projects
* Prioritize, structure timelines, develop project plans, align stakeholders across multiple groups, and incorporate feedback into active workstreams
* Prepare materials and presentations in a way that can be easily understood by others who may not have the same background or expertise
* Engage with cross-functional groups in the development of new processes and resolve issues encountered by the team
* Act as a thought-partner for business stakeholders as they determine how to best improve our operations processes
Required Qualifications
* 5+ years of analytical experience within pharmacy, healthcare, managed care, or related field
* 3+ years of experience financial modeling and/or pricing analytics experience
* 2+ years of experience communicating complex technical subjects to non-technical audiences via both written and oral communication
* 2+ years of experience using advanced Excel, Access or PowerPoint skills
Preferred Qualifications
* Data mining and data manipulation
* Experience in SQL script writing and PowerBI development and design
* Superior analytical and problem-solving skills
* High level of attention to detail and ability to manage multiple assignments
* Experience in documenting requirements and summarization
* Experience with administrative claims data such as pharmacy or medical claims
* Ability to travel up to 5% of the time, as needed, per business needs
Education
Bachelor's degree or equivalent relevant work experience is required.
Business Overview
At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.
CVS Health is on a mission to transform healthcare. With a shared purpose to help people on their path to better health, we are finding new ways to care for our communities, leveraging our brick and mortar footprint of 10,000 stores. At the heart of this strategy are the 180,000+ store colleagues who build unmatched human connections with our customers every day. As we seek to simplify a complex healthcare system for the patients we serve, while delivering disruptive innovation at a rapid pace, thoughtful communications that engage, inspire, and activate our colleagues across multiple channels are increasingly essential.
As a member of the Pharmacy Operations Analytics team you will be responsible for the design, development and delivery of operational solutions aimed to improve claim level margins. The Financial Analyst Advisor - Pharmacy Operations will be responsible for analyzing script data to understand dispensing patterns and payer reimbursement rates with the objective of driving gross margin through improved reimbursement. In this role, you will enable data-driven strategic decision-making and identify opportunities for existing product improvement and new product development. The result of this ongoing work will look to impact the claim margin across our 1 billion prescriptions annually.
The Financial Analyst Advisor position requires strong analytical, communication, and collaboration skills to be able to influence our store teams and internal business partners. This position will routinely interact with the following groups: Pharmacy Operations, Payer Relations, and Contracting. The candidate must also possess the ability to think creatively, be a self-starter with limited guidance and coaching, and to proactively develop and present potential solutions.
* Create solid business cases that determine the value and risks associated with new opportunities and refinement of existing, strategically employing data analysis to discover new opportunities and monitor existing projects
* Prioritize, structure timelines, develop project plans, align stakeholders across multiple groups, and incorporate feedback into active workstreams
* Prepare materials and presentations in a way that can be easily understood by others who may not have the same background or expertise
* Engage with cross-functional groups in the development of new processes and resolve issues encountered by the team
* Act as a thought-partner for business stakeholders as they determine how to best improve our operations processes
Required Qualifications
* 5+ years of analytical experience within pharmacy, healthcare, managed care, or related field
* 3+ years of experience financial modeling and/or pricing analytics experience
* 2+ years of experience communicating complex technical subjects to non-technical audiences via both written and oral communication
* 2+ years of experience using advanced Excel, Access or PowerPoint skills
Preferred Qualifications
* Data mining and data manipulation
* Experience in SQL script writing and PowerBI development and design
* Superior analytical and problem-solving skills
* High level of attention to detail and ability to manage multiple assignments
* Experience in documenting requirements and summarization
* Experience with administrative claims data such as pharmacy or medical claims
* Ability to travel up to 5% of the time, as needed, per business needs
Education
Bachelor's degree or equivalent relevant work experience is required.
Business Overview
At CVS Health, we are joined in a common purpose: helping people on their path to better health. We are working to transform health care through innovations that make quality care more accessible, easier to use, less expensive and patient-focused. Working together and organizing around the individual, we are pioneering a new approach to total health that puts people at the heart.
We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring or promotion based on race, ethnicity, sex/gender, sexual orientation, gender identity or expression, age, disability or protected veteran status or on any other basis or characteristic prohibited by applicable federal, state, or local law. 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.
66968788