Contract Manager (Pharmacy Benefit Management)
At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.Position Summary
CVS Health has a dynamic opportunity for a Contract Manager (Pharmacy Benefit Management) to join our team. This role will collaborate closely with internal partners to ensure successful execution of client contracts after acceptance of PBM pricing offers, including overseeing all aspects of finalizing portions of client contracts associated with pricing and financial terms. This role will work closely with key internal partners, such as, Sales and Account Services, Underwriting, Legal, and Proposals. Prior PBM Underwriting and/or health care contracting experience is preferred but not required.Key Responsibilities:
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- Collaborate with internal partners to accurately and completely capture pricing and financial commitments as part of new and/or existing PBM client offers, contracts and amendments.
- Develop and maintain knowledge of PBM pricing strategies, definitions, and related information to represent the Underwriting team as part of the contracting process.
- Provide consultation and recommendations in support of developing and executing on contracting strategy.
- Ensure all financial terms are captured and cascaded to relevant internal partners for visibility, implementation, and ongoing support.
- Identify and implement process improvements and enhancements on an ongoing basis.Required Qualifications
- 3 or more years of prior work experience in relevant areas such as Finance, Sales or Legal within a large corporate environment.
- Proficiency with standard documentation tools, Word, PowerPoint, Excel and SharePoint.
- Existing PBM subject matter knowledge.Preferred Qualifications
- Prior PBM Underwriting and/or health care contracting experience.
- Strong contractual and financial analytical abilities.Education
- Bachelor's Degree required. Anticipated Weekly Hours
40Time Type
Full timePay Range
The typical pay range for this role is:$46,988.00 - $102,000.00This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
- Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
- Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.
Perks and Benefits
Health and Wellness
- Health Insurance
- Dental Insurance
- Vision Insurance
- Life Insurance
- HSA
- HSA With Employer Contribution
- Pet Insurance
- Mental Health Benefits
Parental Benefits
- Fertility Benefits
- Adoption Assistance Program
- Family Support Resources
Work Flexibility
- Flexible Work Hours
- Remote Work Opportunities
- Hybrid Work Opportunities
Office Life and Perks
Vacation and Time Off
- Paid Vacation
- Paid Holidays
- Personal/Sick Days
Financial and Retirement
- 401(K) With Company Matching
Professional Development
- Tuition Reimbursement
Diversity and Inclusion
- Employee Resource Groups (ERG)
- Diversity, Equity, and Inclusion Program