Senior Legal Counsel - Pharmacy Benefit Manager (PBM)
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
As a Senior Legal Counsel, Pharmacy Benefit Manager (PBM) you will provide legal guidance, interpretation, advice and recommendations for action to internal stakeholders and senior/executive management regarding federal/state regulations in the healthcare industry. Serves as a subject matter expert by providing legal advice and interpretation of new legal requirements.
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Major Responsibilities:
- Provides advanced legal advice and counsel to promote the company's mandates and protect the overall interests of the company.
- Prepares communications with state regulators, examiners, and/or consultants with expected deadlines/short timelines.
- Researches and analyzes state laws and regulations.
- Performs legal review and assessment of any adverse state market conduct exam findings and consent orders.
- Supports legal review, analysis, and outcomes of state mental health parity exams.
- Identifies and reviews legal risk for buisness areas/subject matter experts for purposes of assessing market conduct impact and corrective action plans.
- Provides legal expertise on company-wide initiatives, which may require legal research and advice related to various parts of the CVS Health enterprise.
- Works collaboratively and cross functionally with a variety of areas including members of the law department, Compliance, Government Affairs, Regulatory Affairs, and business operations teams to implement new laws and regulations for assigned areas.
- Assists with onboarding junior-level staff to promote the development of departmental capabilities.
- 8+ years of legal attorney experience in a law firm and/or in-house setting
- Mastery of problem solving and decision making skills
- Mastery of collaboration and teamwork
- Mastery of growth mindset (agility and developing yourself and others) skills
- Mastery of execution and delivery (planning, delivering, and supporting) skills
- Mastery of business intelligence
- In-house Counsel Certification (IC In-house Counsel Certification (ICC) preferred.
- In depth knowledge of healthcare laws, regulations and industry standards governing the provision of healthcare including, for example, ACA, Medicare, Medicaid, Any Willing Provider and other provider network issues, pharmacy and/or mental health parity.
- Experience working with state and federal government agencies, healthcare laws and regulations.
- Experience working with PBMs and/or the pharmacy division of a health plan and/or with health plans.
JD required
Bachelo r's Degree requiredPay Range
The typical pay range for this role is:$175,100.00 - $334,750.00
This 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. This position also includes an award target in the company's equity award program.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