What you will be doing:
This position manages the processes and functions in support of contracting activities for pharmacy to ensure accurate forecasting for contracts, assists as needed with the execution and administration of contract change notices and amendments (including any associated data analysis), and determines need for corrective actions when contract operations and performance are not optimal. The position is responsible for:
• Contract administration of pharmacy agreements to include month-end revenue management, and timely communications (suppliers, Pharmacy Contract Managers, Directors and VPs).
• Clearing Receivables in 8ball Forecasting tool and ensuring accuracy in payments and allocations. Noticing material trend changes and communicating these changes to Directors and VPs.
• Financial management and fulfillment of month-end deadlines for pharmacy portfolio, to include cash management, tracking accounts receivable, and updating monthly forecasts. Reporting out monthly to Pharmacy team with status reports of receivables.
• Providing subject matter expertise in pharmacy forecasting and 8ball forecasting tool.
• Conducting supplier training for pharmacy suppliers related to the operational expectations of the GPO agreement inclusive of accurate payment and reporting expectations.
• Invoicing smaller suppliers, as specified per pharmacy contract terms, with sales reports that they can use to pay their Administrative Fees.
• Creating ad hoc reports and analytics for pharmacy team members, including managers, directors and VPs . This would include contract performance, market background, financial analysis, etc.
Key Responsibilities
Process Execution
Daily monitoring and updating of forecasting tool
Monitor and analyze contract sales data to maximize and forecast Premier administrative fees
Provide necessary information promptly to data management, pharmacy, Fee & Volume and Revenue Recovery teams when requested
Enforce contracts by ensuring that supplier sends detailed, accurate sales data to Premier regularly and accurately
Enable supplier integration into the contract management process
Assist in the optimization of contract management process
Prepare ad hoc reports and data analysis for projects as requested by pharmacy managers, directors and/or VPs
Proactively monitor contract sales on strategic contracts in the first 30-60-90 days and for new members for all contracts to ensure proper contract uptake
Properly allocate time to projects and tasks
Strategic / Administrative
Serve as point of contact for all forecasting/revenue issues within assigned area
Update pharmacy team monthly with reports highlighting late payers and large suppliers needing to pay at the close of each month.
Invoice small suppliers as specified in contract terms
Responsible for financial analysis, problem solving, securing approval of internal stakeholders, and managing supplier and internal communications through process completion.
Provide detailed data to suppliers and distributors to support Premier’s position concerning sales reporting issues
Develop and conduct supplier training as required
Support pharmacy team in strategic projects and revenue goals
Schedule and participate in monthly financial reviews with Directors and VP. Enter all changes needed into 8ball forecasting tool prior to month-end.
Quality Control
Ensure responsiveness to all internal and external clients to contribute to issue resolution and member & supplier satisfaction.
Ensure process deliverable standardization
Develop quality control measures/key performance indicators for pharmacy forecasting. Implement and monitor key performance indicators.
Develop process and technological improvements. Lead the implementation of these improvement initiatives.
Required Qualifications
Work Experience:
Years of Applicable Experience - 2 or more yearsEducation:
High School Diploma or GED (Required)
None
Additional Job Requirements:
Remain in a stationary position for prolonged periods of time
Be adaptive and change priorities quickly; meet deadlines
Attention to detail
Operate computer programs and software
Ability to communicate effectively with audiences in person and in electronic formats.
Day-to-day contact with others (co-workers and/or the public)
Making independent decisions
Ability to work in a collaborative business environment in close quarters with peers and varying interruptions
Qualified full-time and part-time employees also receive access to the following benefits:
Health, dental, vision, life and disability insurance
401k retirement program
Paid time off
Participation in Premier’s employee incentive plans
Tuition reimbursement and professional development opportunities
Premier at a glance:
Ranked #1 on Charlotte’s Healthiest Employers list for 2019, 2020, 2022, and 2023 and 21st Healthiest Employer in America (2023)
Named one of the World’s Most Ethical Companies® by Ethisphere® Institute for the 16th year in a row
Modern Healthcare Best in Business Awards: Consultant - Healthcare Management (2024)
The only company to be recognized by KLAS twice for Overall Healthcare Management Consulting
For a listing of all of our awards, please visit the Awards and Recognition section on our company website.
Employees receive:
Perks and discounts
Access to on-site and online exercise classes
Premier is looking for smart, agile individuals like you to help us transform the healthcare industry. Here you will find critical thinkers who have the freedom to make an impact. Colleagues who share your thirst to learn more and do things better. Teammates committed to improving the health of a nation. See why incredible challenges require incredible people.
Premier is an equal opportunity employer. Qualified applicants will receive consideration for employment without regard to unlawful discrimination because of their age, race, color, religion, national origin, ancestry, citizenship status, sex, sexual orientation, gender identity, gender expression, marital status, familial status, pregnancy status, genetic information, status as a victim of domestic violence, covered military or protected veteran status (e.g., status as a Vietnam Era veteran, disabled veteran, special disabled veteran, Armed Forces Serviced Medal veteran, recently separated veteran, or other protected veteran) disability, or any other applicable federal, state or local protected class, trait or status or that of persons with whom an applicant associates. We also consider qualified applicants with criminal histories, consistent with applicable federal, state and local law. In addition, as a federal contractor, Premier complies with government regulations, including affirmative action responsibilities, where they apply. EEO / AA / Disabled / Protected Veteran Employer.
Premier also provides reasonable accommodations to qualified individuals with a disability or those who have a sincerely held religious belief. If you need assistance in the application process, please reply to diversity_and_accommodations@premierinc.com or contact Premier Recruiting at 704.816.5200.
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