Description and Requirements
Duties & Responsibilities:
- Works collaboratively to design and manage the Healthfirst Pharmacy Benefit for all plans
- Strategically leads the development, planning and implementation of the annual pharmacy benefit cycle to ensure that pharmacy benefits are in-line with Healthfirst Product Strategy, PBM capabilities and regulatory timeframes
- Reviews and facilitates the response and/or the action plan for all applicable CMS memos and other notifications
- Collaborates with Pharmacy, Actuary, Finance, Medical Economics and Product teams to analyze and present monthly cost trends for all lines of business
- Partners with designated team members to develop, coordinate and manage drug related medical coverage policies
- Supports pharmacy leadership efforts to drive improvement of product quality goals
- Manages the Benefits team and works with others on the Pharmacy team to oversee administration and monitoring of pharmacy benefit operations along with oversight of the PBM
- Performs Utilization Management reviews of relevant drugs when necessary
- Assists in regulatory and compliance audits for all designated plans. Acts as pharmacy department liaison with vendors and regulatory organizations completing audits for applicable plans
- Completes all required company compliance standards required
- Additional duties as necessary
Minimum Qualifications:
- Doctor of Pharmacy (PharmD) from an accredited institution
- Licensed Pharmacist in good standing
- Knowledge of regulations of the Centers for Medicare and Medicaid Services and the New York State Department of Health
- Knowledge of specialty pharmaceuticals and billing practices in the medical and pharmacy benefits
- Experience with pharmacy benefit management oversight including maintaining policies and procedures related to formulary design and utilization management processes
Preferred Qualifications:
- A minimum of 2 years’ experience, overseeing a reputable Medicare, Medicaid, or Commercial Pharmacy Benefit Management program for a PBM or health plan
- Maintain an active National Certification for Pharmacy and/or Healthcare professionals
- PGY1 Managed Care Residency
- Eligible to practice pharmacy in the state of New York
License/Certification:
- Licensed Pharmacist in good standing
Hiring Range*:
Greater New York City Area (NY, NJ, CT residents): $122,900 - $188,020
All Other Locations (within approved locations): $105,100 - $160,480
As a candidate for this position, your salary and related elements of compensation will be contingent upon your work experience, education, licenses and certifications, and any other factors Healthfirst deems pertinent to the hiring decision.
In addition to your salary, Healthfirst offers employees a full range of benefits such as, medical, dental and vision coverage, incentive and recognition programs, life insurance, and 401k contributions (all benefits are subject to eligibility requirements). Healthfirst believes in providing a competitive compensation and benefits package wherever its employees work and live.
*The hiring range is defined as the lowest and highest salaries that Healthfirst in “good faith” would pay to a new hire, or for a job promotion, or transfer into this role.