Managed Care Rebate Analyst
About Us
We’re Teva, a leading innovative biopharmaceutical company, enabled by a world-class generics business. Whether it’s innovating in the fields of neuroscience and immunology or delivering high-quality medicine worldwide, we’re dedicated to addressing patients’ needs now and in the future. Here, you will be part of a high-performing, inclusive culture that values fresh thinking and collaboration. You'll have the room to grow, the flexibility to balance life with work, and the opportunity to better health worldwide, together.
About the Role
The Managed Care Rebate Analyst is responsible for the processing of 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 position analyzes utilization data, applies rules to determine included and excluded claims, assigns appropriate rebate percentages to utilization sales, and initiates payment to customers within contractual guidelines.
Responsibilities
- Interpret contract language and input and maintain plans, products, and rebate programs in the Model N/Flex System; requires thorough understanding of PBM networks and contractual verbiage as stated in assigned account agreements.
- Aid 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.
- Provide first level approval, as required by SOX, of all outbound rebate claim documents for accuracy (dollars and coding) and completeness.
- Analyze and resolve disputes with accounts involving contract interpretation or processing issues; engage Managed Market team or other internal teams as needed.
- Track and communicate rebate trending, invoice to payment variances, and prior period analysis.
- Recommend improvements to and provide assistance in the modification of systems and processes including User Acceptance and Regression Testing.
- Help in the exercise of rebate forecasting by providing timely information regarding current account dynamics.
Requirements
- Bachelor’s degree or equivalent combination of education, training and/or direct work related experience.
- At least 2 years of pharmaceutical operational experience, preferably with reimbursements (Purchase Based or Managed Care Rebates, Medicaid Rebates, Chargebacks).
- Proficiency in Excel required; experience with Model N Flex, comparable software, and/or SAP is a plus.
Pay
The annual starting salary for this position is between $78,720 - $98,400. Factors which may affect starting salary within this range include geography/market, skills, education, experience, and other qualifications of the successful candidate.
Benefits
- Comprehensive Health Insurance: Medical, Dental, Vision, and Prescription coverage starting on the first day of employment.
- 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, and holidays.
- Life and Disability Protection: Company-paid Life and Disability insurance.
- Additional benefits include:
- Employee Assistance Program
- Employee Stock Purchase Plan
- Tuition Assistance
- Flexible Spending Accounts
- Health Savings Account
- Lifestyle 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
From day one, you’ll be supported with benefits designed to help you thrive in and out of work, including flexible working schedules (dependent on role), access to tailored health support, and meaningful ways to give back to the community. Twist, our career development platform, gives you access to learning programs, short-term projects, and opportunities for internal growth.