Advisor, Med D Coordination of Benefits Services

at CVS Health in Northbrook, Illinois, United States

Job Description

Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand – with heart at its center – our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable.

Position Summary

The Med D Coordination of Benefits (COB) Advisor requires an ambitious, motivated, and eager individual looking to work for an industry-leading company. This position is a part of our Financial Operations Member Experience department, a dynamic and skilled group which manages all member-facing financial activities for CVS Health’s Caremark business. The Advisor will be expected to become a subject matter expert in COB, Nx Transactions, Medicare Secondary Payer (MSP), and other related functions and will lead a variety of special projects aimed at improving the interaction between Finance and our members and will play an instrumental role in the development and implementation of innovative solutions across all areas of the business.

Key Responsibilities:

-Provide support across Med D Finance functions; challenging assumptions and existing standards of business to improve overall quality and efficiency of operations

-Drive the development and implementation of process improvement initiatives to modernize business practices

-Review and document current business practices, identify areas of opportunity, and partner with leadership to develop and implement improvement plans

-Serve as a technical steward for the team, partnering with finance enablement teams to leverage automation to improve business outcomes

-Organize cross-functional teams to support larger organizational efforts

This is a hybrid role requiring 3 days per week on-site in our Northbrook, IL, Scottsdale, AZ, Irving, TX, Hartford, CT, or Woonsocket, RI office. Other CVS Health locations may be considered.

Required Qualifications

-5 or more years of experience in financial operations, service operations, process improvement, or revenue cycle

-Direct Medicare Part D experience

Preferred Qualifications

-3 or more years of experience working with project and process improvement initiatives across various financial operations functions

-Experience with CVS Caremark PBM business operations and practices

-Experience in healthcare industry, including health insurance, PBM or pharmacy services

-Experience with SAP, RxClaim, and other CVS Caremark specific applications

Education

-Bachelor’s degree required

Pay Range

The typical pay range for this role is:

$60,300.00 – $139,200.00

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. In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company’s 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (“PTO”) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies. For more detailed information on available benefits, please visit jobs.CVSHealth.com/benefits

We anticipate the application window for this opening will close on: 08/19/2024

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.