Teva Pharmaceuticals
Senior Managed Care Rebate Analyst
Teva Pharmaceuticals, Parsippany, New Jersey, us, 07054
Who we are
Together, we're on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It's a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world's leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization's Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we're always looking for new ways to continue making a difference, and new people to make a difference with.
The opportunity
The Senior Managed Care Rebate Analyst is responsible for managing the reimbursement process for Teva's largest PBM Customer(s). This individual will collaborate with Contracting on terms and conditions, analyze utilization data, process and pay Managed Care Commercial, Medicare Part D, Managed Medicaid, and Medical Agreement rebate claims in accordance with the terms and conditions of the rebate contract and internal processing procedures. This individual will work with customer to communicate and resolve discrepancies and will collaborate with internal teams to assist in the disputes process.
How you'll spend your day•The Senior Managed Care Rebate Analyst must interpret contract language and input and maintain plans, products, and rebate programs in the Model N/Flex System; this position must have a thorough understanding of PBM networks and contractual verbiage as stated in assigned account agreements; provides input on contractual terms and conditions related to reimbursements•Aids in the delivery of key information in support of rebate forecasting, contract performance assessment, and financial and government reporting using the Model N/Flex system•Provides first level approval, as required by SOX, of all outbound rebate claim documents for accuracy (dollars and coding) and completeness•Understands formularies and can interpret rebate eligibility requirements•Analyzes and resolves disputes with accounts involving contract interpretation or processing issues; engages Managed Market team or other internal teams as needed; leads meeting with customers and internal teams to quantify and communicate discrepancies•Works cross functionally with Formulary Compliance, Revenue Accounting, Gross to Net and Contracting to optimize rebate strategies•Tracks and communicates rebate trending, invoice to payment variances, and prior period analysis•Assesses and defines areas of technological advancement, including key trends and metrics•Assists in the training and development of other team members•Recommends improvements to and provides assistance in the modification of systems and processes including User Acceptance and Regression Testing•Helps in the exercise of rebate forecasting by providing timely information regarding current account dynamics
Your experience and qualifications•Bachelor's degree or equivalent combination of education, training and/or direct work related experience•Model N Flex or comparable software required•At least 2 years Pharmaceutical operational experience processing Managed Care Rebates•Intermediate Excel Level - extensive experience with pivot tables, vlookups•Exemplary Analytical skills•Strong Communication skills
Enjoy a more rewarding choice
We offer a competitive benefits package, including:•Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.•Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.•Time Off: Paid Time Off including vacation, sick/safe time, caretaker time, 13 paid Holidays and 3 paid floating holidays.•Life and Disability Protection: Company paid Life and Disability insurance.•Additional benefits include, but not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
Already Working @TEVA?
If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply: Internal Career Site
The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.
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. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.
Together, we're on a mission to make good health more affordable and accessible, to help millions around the world enjoy healthier lives. It's a mission that bonds our people across nearly 60 countries and a rich, diverse variety of nationalities and backgrounds. Working here means working with the world's leading manufacturer of generic medicines, and the proud producer of many of the products on the World Health Organization's Essential Medicines List. Today, at least 200 million people around the world take one of our medicines every single day. An amazing number, but we're always looking for new ways to continue making a difference, and new people to make a difference with.
The opportunity
The Senior Managed Care Rebate Analyst is responsible for managing the reimbursement process for Teva's largest PBM Customer(s). This individual will collaborate with Contracting on terms and conditions, analyze utilization data, process and pay Managed Care Commercial, Medicare Part D, Managed Medicaid, and Medical Agreement rebate claims in accordance with the terms and conditions of the rebate contract and internal processing procedures. This individual will work with customer to communicate and resolve discrepancies and will collaborate with internal teams to assist in the disputes process.
How you'll spend your day•The Senior Managed Care Rebate Analyst must interpret contract language and input and maintain plans, products, and rebate programs in the Model N/Flex System; this position must have a thorough understanding of PBM networks and contractual verbiage as stated in assigned account agreements; provides input on contractual terms and conditions related to reimbursements•Aids in the delivery of key information in support of rebate forecasting, contract performance assessment, and financial and government reporting using the Model N/Flex system•Provides first level approval, as required by SOX, of all outbound rebate claim documents for accuracy (dollars and coding) and completeness•Understands formularies and can interpret rebate eligibility requirements•Analyzes and resolves disputes with accounts involving contract interpretation or processing issues; engages Managed Market team or other internal teams as needed; leads meeting with customers and internal teams to quantify and communicate discrepancies•Works cross functionally with Formulary Compliance, Revenue Accounting, Gross to Net and Contracting to optimize rebate strategies•Tracks and communicates rebate trending, invoice to payment variances, and prior period analysis•Assesses and defines areas of technological advancement, including key trends and metrics•Assists in the training and development of other team members•Recommends improvements to and provides assistance in the modification of systems and processes including User Acceptance and Regression Testing•Helps in the exercise of rebate forecasting by providing timely information regarding current account dynamics
Your experience and qualifications•Bachelor's degree or equivalent combination of education, training and/or direct work related experience•Model N Flex or comparable software required•At least 2 years Pharmaceutical operational experience processing Managed Care Rebates•Intermediate Excel Level - extensive experience with pivot tables, vlookups•Exemplary Analytical skills•Strong Communication skills
Enjoy a more rewarding choice
We offer a competitive benefits package, including:•Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment, providing the employee enrolls.•Retirement Savings: 401(k) with employer match, up to 6% and an annual 3.75% Defined Contribution to the 401k plan.•Time Off: Paid Time Off including vacation, sick/safe time, caretaker time, 13 paid Holidays and 3 paid floating holidays.•Life and Disability Protection: Company paid Life and Disability insurance.•Additional benefits include, but not limited to, Employee Assistance Program, Employee Stock Purchase Plan, Tuition Assistance, Flexible Spending Accounts, Health Savings Account, Life Style Spending Account, Volunteer Time Off, Paid Parental Leave, if eligible , Family Building Benefits, Virtual Physical Therapy, Accident, Critical Illness and Hospital Indemnity Insurances, Identity Theft Protection, Legal Plan, Voluntary Life Insurance and Long Term Disability and more.
Already Working @TEVA?
If you are a current Teva employee, please apply using the internal career site available on "Employee Central". By doing so, your application will be treated with priority. You will also be able to see opportunities that are open exclusively to Teva employees. Use the following link to search and apply: Internal Career Site
The internal career site is available from your home network as well. If you have trouble accessing your EC account, please contact your local HR/IT partner.
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. We are committed to a diverse and inclusive workplace for all. If you are contacted for a job opportunity, please advise us of any accommodations needed to support you throughout the recruitment and selection process. All accommodation information provided will be treated as confidential and used only for the purpose of providing an accessible candidate experience.