Full-Time

Sr Manager

Medicaid Compliance, National

Posted on 9/20/2024

CVS Pharmacy

CVS Pharmacy

10,001+ employees

Retail pharmacy and healthcare services provider

Healthcare
Consumer Goods

Compensation Overview

$75.4k - $174.2kAnnually

+ Bonus + Commission + Equity Award Program

Senior

Company Historically Provides H1B Sponsorship

Northbrook, IL, USA + 5 more

More locations: Richmond, VA, USA | Berkeley Springs, WV, USA | Scottsdale, AZ, USA | Hartford, CT, USA | Irving, TX, USA

Hybrid working schedule of three days onsite per week and two days remote.

Category
Risk & Compliance
Legal & Compliance
Required Skills
Communications
Requirements
  • 7+ years regulatory compliance position in managed care, health care, or insurance or higher education with 5+ years of experience
  • 3+ years of Medicaid experience
  • 3+ years of project management experience
Responsibilities
  • Initiate and manage the development and execution of national-level internal corrective action plans (iCAP) for Aetna’s Medicaid business
  • Track the ongoing activities and progress against iCAP milestones and deadlines
  • Maintain documentation and data within Aetna’s designated governance, risk, and compliance (GRC) tool (Archer)
  • Review evidence of remediation completion prior to iCAP closure
  • Assist in the review and update of Archer documentation of iCAPs and external CAPs across all markets to facilitate internal reporting to Medicaid leadership
  • Maintain documentation and data within the designated project management and tracking tools
  • Maintain knowledge of Aetna’s Medicaid managed care state business practices and solutions to inform strategy, influence stakeholders, and/or inform projects.
  • Conduct research and develop recommendations to help develop compliant business operations, processes and policies in accordance with state specific Medicaid program requirements
  • Maintain positive, productive relationships with internal and external constituents through recurring and ad hoc touch points to effectively communicate and influence ethical and compliant outcomes, inform projects, provide status updates, and address issues
  • Actively participate in applicable business working groups/committees for areas of responsibility.
  • Work across members of the Medicaid compliance team and growth partner business areas to develop and maintain the systems and tools to track, monitor, and report out on compliance related deliverables and projects
  • Manages moderately to highly complex cross functional and process improvement projects as needed on behalf of the Medicaid compliance team to improve oversight, monitoring, and identification of compliance risks and issues across the Medicaid business
  • Develop compelling and appropriate compliance related communications to internal growth partners, Medicaid health plan leadership, and Compliance leadership
  • Maintain an in-depth working knowledge of the contractual, regulatory, and program policy related obligations of a Medicaid managed care organization and serve as a resource to health plan and growth partner staff for education and business decision making purposes
  • Maintain current resource tools and other internal deliverables to support Medicaid compliance work across the portfolio of Aetna’s Medicaid managed care plans such as executive risk assessments, risk tracking lists, internal reporting systems and summaries, and other department wide tools as needed to ensure the appropriate monitoring and oversight of health plan compliance processes
  • Utilize systems unique to job functions, including standard-issue software such as Microsoft products and compliance specific tools such as Archer; maintain system documentation, serve as subject matter expert, train users of system, contribute to system design, oversight or maintenance
  • Conduct oversight and monitoring to evaluate levels of compliance with Medicaid managed care organization requirements across the business with a particular focus on risks and issues impacting multiple Medicaid markets; support business partners in the development of mitigation and corrective action plans and effectively escalate risks, concerns and other issues through appropriate channels
  • Provide training and guidance to less experienced team members to accomplish goals
  • Other duties as assigned

CVS Health operates a large network of retail pharmacies and walk-in medical clinics across the United States, providing a variety of health-related products and services. Their pharmacies offer prescription medications, over-the-counter health products, beauty items, and general merchandise. CVS Health also includes a pharmacy benefits manager that serves over 75 million plan members and a senior pharmacy care business that assists more than one million patients each year. This integrated model allows CVS Health to deliver affordable health management solutions, improving access to quality care and health outcomes while aiming to reduce overall healthcare costs. Unlike many competitors, CVS Health combines retail pharmacy services with clinical care and pharmacy benefits management, making it a significant player in the healthcare sector with a goal of supporting individuals on their journey to better health.

Company Stage

Debt Financing

Total Funding

N/A

Headquarters

Woonsocket, Rhode Island

Founded

1963

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion of at-home health testing kits presents a significant growth opportunity for CVS.
  • Maintaining free cash-back services could differentiate CVS from other retailers.
  • Growing market for accessible hearing solutions offers CVS a chance to expand product offerings.

What critics are saying

  • At-home health tests may reduce in-store visits, impacting CVS's foot traffic.
  • Fees for cash-back transactions could lead to customer dissatisfaction if adopted by CVS.
  • Increased competition in OTC hearing aids may challenge CVS's market share.

What makes CVS Pharmacy unique

  • CVS offers a comprehensive range of health services and products under one roof.
  • The company has a strong pharmacy benefits management with over 75 million plan members.
  • CVS's extensive retail network includes 9,600 pharmacies and 1,100 walk-in clinics.

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