Elevance Health - Dearborn, MI
posted about 1 month ago
Full-time - Entry Level
Dearborn, MI
11-50 employees
Insurance Carriers and Related Activities
About the position
The Pharmacy Benefits Manager (PBM) Pricing Strategy Analyst at Elevance Health plays a crucial role in supporting Administrative Services Only (ASO) functions. This position focuses on implementing new processes, monitoring revenue performance, and supporting the Pharmacy Services team in revenue maximization and client retention efforts. The analyst will work in a hybrid environment, balancing remote work with in-person collaboration.
Responsibilities
- Implements new processes, process improvements, and best practices related to guarantee monitoring and ASO pass back activities.
- Creates and implements metrics and supports performance measures to establish performance objectives for revenue maximization.
- Creates tools and processes to monitor margin revenue and client retention.
- Monitors revenue performing below thresholds and implements necessary tasks to bring performance to or above targets.
- Implements pricing in the system related to margin.
- Supports the Pharmacy Services team in implementing future revenue, member expansion and growth capacity.
Requirements
- Requires a BA/BS in Finance or related field.
- Minimum of 1 year of experience with Pharmacy Benefits Manager (PBM) and data analysis, or any combination of education and experience that provides an equivalent background.
Benefits
- Merit increases
- Paid holidays
- Paid Time Off
- Incentive bonus programs
- Medical benefits
- Dental benefits
- Vision benefits
- Short and long term disability benefits
- 401(k) with matching
- Stock purchase plan
- Life insurance
- Wellness programs
- Financial education resources
