Full-Time

Formulary Operations Analyst

Confirmed live in the last 24 hours

RxSense

RxSense

201-500 employees

Pharmacy benefits management technology solutions

Data & Analytics
Healthcare

Compensation Overview

$90k - $110kAnnually

Mid, Senior

Princeton, NJ, USA

Category
Quality Control & Compliance
Supply Chain Management
Operations & Logistics
Required Skills
Data Analysis

You match the following RxSense's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s degree or 5 + years equivalent experience in healthcare (PBM)
  • Experience with pharmacy technology and claims processing
  • Strong Experience with Microsoft Suite
  • Must be able to develop and maintain strong working relationships on a multi-level basis
  • Superior written and verbal communication skills - ability to communicate information & ideas clearly & concisely both internal and external (client facing)
  • Excellent organizational & time management skills
  • Ability to work in a dynamic fast paced atmosphere
  • Proven ability to work independently and drive results
  • Detail oriented, ability to multitask, proactive thinker
  • Experience with client implementations
  • Ability to research, analyze and resolve pharmacy benefit issues independently
  • Ability to take the lead on projects and see them through to completion
Responsibilities
  • Develop a high degree of knowledge about pharmacy claims and RxSense claims platforms
  • Analyzes claims adjudication results and identifies discrepancies, inaccuracies and anomalies
  • Troubleshoots and mitigates reported claims defects
  • Researches clinical and claims related inquiries from RxSense clients and internal departments
  • Maintains plan formularies in claims processing system and confirms coding changes have been completed and implemented accurately
  • Executes formulary changes per client intent to ensure formularies will adjudicate at point-of-sale as expected
  • Maintains, facilitates access to, and distributes clinical member documents and websites
  • Assists with implementations – gathering and documenting requirements and supporting formulary builds
  • Completes special projects and assignments (such as documenting processes and procedures and formulary disruptions analyses)
  • Actively participates as a key member of cross functional workgroups, teams, and committees as assigned
  • Ensures timely deliverables, high levels of quality, and efficient use of resources
  • Build solid working relationships both internally and externally with clients
  • Communicate system enhancement requests effectively to development teams

RxSense specializes in providing technology solutions for the pharmacy benefits management (PBM) industry. The company offers an enterprise platform that integrates real-time business intelligence and analytics, allowing PBMs to gain actionable insights and make informed decisions to improve their operations. This platform helps clients streamline the complex processes of managing pharmacy benefits and claims adjudication. RxSense differentiates itself from competitors by offering a modular platform that includes APIs for interoperability, ensuring that different systems can work together effectively. The company's goal is to simplify and optimize pharmacy benefits management, enabling clients to enhance their business performance and improve care delivery.

Company Size

201-500

Company Stage

Growth Equity (Venture Capital)

Total Funding

N/A

Headquarters

Boston, Massachusetts

Founded

2015

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Walgreens expands consumer reach through a digital prescription savings marketplace.
  • Investment from Parthenon Capital boosts financial resources for technology and market expansion.
  • Growing demand for cloud-based healthcare solutions aligns with RxSense's offerings.

What critics are saying

  • Increased competition in the PBM space may pressure RxSense to innovate and lower prices.
  • Partnership with Walgreens may expose RxSense to regulatory challenges around drug pricing.
  • Rapid office expansion could strain financial resources if not matched by revenue growth.

What makes RxSense unique

  • RxSense offers a modular platform with real-time analytics for PBMs.
  • The company provides APIs compliant with FHIR and NCPDP standards for interoperability.
  • RxSense's platform enables data-driven decisions and actionable insights for clients.

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