Full-Time

Senior Healthcare Fraud Investigator

Aetna SIU

Posted on 11/18/2024

CVS Pharmacy

CVS Pharmacy

10,001+ employees

Retail pharmacy and healthcare services provider

Healthcare
Consumer Goods

Compensation Overview

$47k - $91.8kAnnually

+ Bonus + Commission + Short-term Incentive Program

Senior

Company Historically Provides H1B Sponsorship

Remote in USA

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • 3-5 years investigative experience in the area of healthcare fraud and abuse matters.
  • Working knowledge of medical coding; CPT, HCPCS, ICD10
  • Proficiency in Microsoft Office with advanced skills in Excel (must know how to do pivot tables).
  • Strong analytical and research skills.
  • Proficient in researching information and identifying information resources.
  • Strong verbal and written communication skills.
  • Ability to travel up to 10% (approx. 2-3x per year, depending on business needs)
  • Credentials such as certification from the Association of Certified Fraud Examiners (CFE), or an accreditation from the National Health Care Anti-Fraud Association (AHFI)
  • Bachelor's degree or equivalent experience (3-5 years of working health care fraud, waste and abuse investigations).
Responsibilities
  • Conduct high level, complex investigations of known or suspected acts of healthcare fraud and abuse.
  • Investigates to prevent payment of fraudulent claims submitted to the Medicaid lines of business.
  • Researches and prepares cases for clinical and legal review.
  • Documents all appropriate case activity in case tracking system.
  • Facilitates feedback with providers related to clinical findings.
  • Initiates proactive data mining to identify aberrant billing patterns.
  • Makes referrals, both internal and external, in the required timeframe.
  • Facilitates the recovery of company and customer money lost as a result of fraud matters.
  • Provides on the job training to new Investigators and provides guidance for less experienced or skilled Investigators.
  • Assists Investigators in identifying resources and best course of action on investigations.
  • Serves as back up to the Team Leader as necessary.
  • Cooperates with federal, state, and local law enforcement agencies in the investigation and prosecution of healthcare fraud and abuse matters.
  • Demonstrates high level of knowledge and expertise during interactions and acts confidently when providing testimony during civil and criminal proceedings.
  • Gives presentations to internal and external customers regarding healthcare fraud matters and Aetna's approach to fighting fraud.
  • Provides input regarding controls for monitoring fraud related issues within the business units.

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 offerings include prescription medications, over-the-counter health products, beauty items, and general merchandise. CVS Health also functions as a pharmacy benefits manager, serving over 75 million plan members, and has 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, positioning itself as a significant player in the healthcare sector with a commitment to enhancing people's health.

Company Stage

N/A

Total Funding

N/A

Headquarters

Woonsocket, Rhode Island

Founded

N/A

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • The availability of updated flu and COVID-19 vaccines at CVS Pharmacy and MinuteClinic locations nationwide positions the company as a key player in public health initiatives.
  • The Health Zones funding and collaboration with local organizations in Fresno highlight CVS Pharmacy's role in improving community health outcomes.
  • The introduction of a new store brand for snacks, beverages, and groceries could attract a broader customer base and increase in-store sales.

What critics are saying

  • The competitive landscape in the retail pharmacy sector is intense, with major players like Walgreens and Rite Aid posing significant challenges.
  • The expansion into grocery and snack products may dilute CVS Pharmacy's brand identity as a healthcare provider.

What makes CVS Pharmacy unique

  • CVS Pharmacy's integration of digital tools for scheduling vaccinations and accepting walk-ins offers a seamless and convenient experience for customers, setting it apart from competitors.
  • The company's Health Zones initiative, which focuses on community health and access to healthy food, demonstrates a commitment to social responsibility that goes beyond traditional pharmacy services.
  • CVS Pharmacy's recent launch of a new store brand for snacks, beverages, and groceries diversifies its product offerings, making it a one-stop shop for consumers.

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