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PBM Contract Representative Sr - LA Medicaid

Prime Therapeutics
Albuquerque, NM Full Time
POSTED ON 1/25/2025
AVAILABLE BEFORE 4/7/2025

Our work matters. We help people get the medicine they need to feel better and live well. We do not lose sight of that. It fuels our passion and drives every decision we make.

Job Posting Title

PBM Contract Representative Sr - LA Medicaid Job Description

The Senior Contract Representative is responsible for contract administration and ensuring process adherence in support of Prime's contracting efforts with Louisiana Medicaid PBM business. This position is responsible for supporting the solicitation, initiation and maintenance of Prime's agreements with various business entities within their designated business area. If supporting Pharm Trade Relations, this position may also have responsibility for developing, maintaining and ensuring the quality of Prime's agreements and drafts contract language, conducting negotiations, implementing executed agreements and establishing the appropriate documentation to support the business strategies of their department.

Responsibilities

  • Conduct moderate to complex contract drafting, review, redlining, administration and document management for contracts between the business area and its relevant external entities
  • Manage correspondence throughout the contract and negotiation processes and communicate any necessary information to internal stakeholders or department leadership
  • May be responsible for rate negotiations as assigned and within the department rate structure and target parameters
  • Facilitate the contract documentation, approval and signature processes and ensure all contractual obligations are in adherence with company policies, regulatory requirements and business strategy; may serve as a liaison for regulatory inquiry
  • Support all contracting and re-contracting initiatives through the coordination of electronic and physical tracking, storage and distribution of contract documents, and adherence to the records and information management standards, ensuring accurate and timely execution
  • Develop and maintain Standard Operating Procedures, templates and Desktop Procedures for assigned tasks and identify opportunities for improvement within contract document development, implementation, and maintenance processes
  • Represent department on interdepartmental and cross functional projects or initiatives
  • May be responsible for monitoring contracts against business or industry changes to determine necessity of amendments, extensions, renewal agreements and language updates; review, interpret and establish process enhancements or changes in response to guidance from the Centers for Medicare and Medicaid Services (CMS) and other regulatory or contractual requirements
  • May serve as a team leader and mentor to junior level team members and serve as a point of escalation support to internal and external business partners
  • May lead department contracting strategy for junior level team members and collaborate with department leadership team on re-contracting strategy
  • Other duties as assigned

Minimum Qualifications

  • Bachelor's degree in Business, healthcare management or related area of study, or the equivalent combination of education and / or work experience; HS diploma or GED is required
  • 2 years of contracting experience with emphasis on analyzing, drafting, redlining and negotiating contracts on behalf of a Pharmacy Benefit Management (PBM) organization or another organization within the healthcare industry
  • Must be eligible to work in the United States without need for work visa or residency sponsorship
  • Additional Qualifications

  • Detail oriented and ability to work with a high degree of accuracy
  • Demonstrated ability to complete projects independently and within established timeframes
  • Enhanced organizational skills with the ability to work on multiple projects simultaneously
  • Expert verbal and written presentation skills
  • Demonstrated ability to problem solve and interpret complex data
  • Ability to establish rapport and effectively influence at all levels within an organization
  • Ability to work with confidential data and maintain privacy
  • Ability to evaluate and interpret policies and procedures
  • Proficiency within Microsoft Word and Microsoft Excel
  • Preferred Qualifications

  • 2 years of comprehensive experience working with Rebate contracts, or within Medicare / Medicaid (e.g. insurance, government program operations, managed care practices, and / or provider contracting)
  • Paralegal certification
  • Experience with analyzing state and federal regulations
  • Experience using Contract Management software including maintaining and managing databases
  • Minimum Physical Job Requirements

  • Constantly required to sit, use hands to handle or feel, talk and hear
  • Frequently required to reach with hands and arms
  • Occasionally required to stand, walk and stoop, kneel, and crouch
  • Occasionally required to lift and / or move up to 10 pounds and occasionally lift and / or move up to 25 pounds
  • Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception and ability to adjust focus
  • Reporting Structure

  • Reports to Supervisor or Manager in the Network Management department or Pharm Trade Relations department
  • Potential pay for this position ranges from $66,000.00 - $106,000.00 based on experience and skills. Pay range may vary by 8% depending on applicant location.

    To review our Benefits, Incentives and Additional Compensation, visit our Benefits Page and click on the "Benefits at a glance" button for more detail.

    Prime Therapeutics LLC is proud to be an equal opportunity and affirmative action employer. We encourage diverse candidates to apply, and all qualified applicants will receive consideration for employment without regard to race, creed, color, religion, gender, sexual orientation, gender identity / expression, national origin, disability, age, genetic information, veteran status, marital status, pregnancy or related condition (including breastfeeding), expecting or parents-to-be, or any other basis protected by law.

    We welcome people of different backgrounds, experiences, abilities, and perspectives including qualified applicants with arrest and conviction records and any qualified applicants requiring reasonable accommodations in accordance with the law.

    Prime Therapeutics LLC is a Tobacco-Free Workplace employer.

    Positions will be posted for a minimum of five consecutive workdays.

    Salary : $66,000 - $106,000

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