Director Pharmacy Compliance (Financial/Auditing)

Blue Cross Blue Shield; Washington (District of Columbia); On-site; USD 113,572 - 153,590; Full time

Benefits offered by this job

Paid time off

Medical/dental/vision insurance

401(k) matching

Lifestyle spending account

Annual bonus incentive

Job summary

Blue Cross Blue Shield is seeking a Director of Pharmacy Compliance in Washington, D.C. This role is responsible for managing pharmacy financial operations and ensuring compliance with all contractual performance guarantees. The ideal candidate will have a Bachelor's Degree in a related field and at least 7 years of business experience in national healthcare delivery.

The position entails overseeing over $6 billion in yearly drug spend, leading cross-functional teams, and maintaining relationships with vendors and government agencies.

Qualifications

• 7+ years business experience with a national healthcare and managed pharmacy delivery system.
• Advanced knowledge of financial accounting, auditing, and healthcare legislation.
• Excellent communication skills across all levels.

Responsibilities

• Manage pharmacy financial and audit operations.
• Coordinate vendor compliance and manage drug spend.
• Serve as a subject matter expert and liaison in the pharmacy industry.

Skills

Project/program leadership

Financial accounting

Stakeholder management

Communication

Technical skills (Microsoft applications)

Education

Bachelor's Degree in Pharmacy, Business, or related fields

Master's Degree in health services or equivalent

Job description

## Director Pharmacy ComplianceApplylocations: US DC 9th St NWtime type: Full timeposted on: Posted Yesterdayjob requisition id: JR5889The role is responsible for managing the day-to-day pharmacy financial and audit operations. This role serves as the primary contact with the for-accounting issues and works closely with internal and external auditors. It is also the internal subject matter expert on pharmacy financial operations, directing projects and initiatives to develop strategic recommendations for improvements in pharmacy financial operations. This role manages and oversees financial aspects of over $6 Billion in yearly drug spend, ensuring vendors comply with all contractual performance guarantees.* Pharmacy Finances: Serves as the primary liaison to vendors and stakeholders, evaluates health care legislation and business trends, provides financial controls oversight, and guides contract negotiations.* Financial Compliance and Audit: Serves as the primary liaison to vendors and stakeholders for Pharmacy Programs audits. Directs cross-functional teams to enhance Pharmacy Benefit Manager compliance, negotiate favorable contracts, and ensure member benefits compliance. Coordinates with local plan divisions on waste, fraud, and abuse efforts.* Process Management: Manages bi-weekly check writes for drug spend, maintains vendor interactions, and promotes effective management across the organization.* Client Relations/External Relations: Serves as liaison and subject matter expert in the pharmacy industry with the Blue System, Government Agencies and industry representatives. The purpose of these interactions is to build professional relationships and enhance knowledge of the pharmacy industry.**The posting range for this position is:**113,572.92 - 153,590.12**Qualifications:** **Education*** Required Bachelor's Degree in either Pharmacy, Business, Economics, Management of Health Services, or equivalent work experience* Preferred Master's Degree in health services or equivalent work experience**Experience*** Required 7+ Years business experience with a national health care and managed pharmacy delivery system**Knowledge Skills and Abilities*** Leadership: Demonstrated project/program leadership, setting priorities, and achieving objectives in complex projects with multiple stakeholders.* Advanced knowledge: Financial accounting, controls, auditing, customer services, claims processing, market research, benefits delivery, quality assurance, and contract administration.* Strategic Abilities: Building organized strategies related to department/divisional goals.* Stakeholder Management: Ability to manage stakeholders, reconcile competing interests, and work in a decentralized decision-making structure.* Motivation: Highly motivated individual with an understanding of health care professionals’ interactions within the overall context of health care.* Collaboration: Incorporating perspectives from other functional areas and developing alternative approaches.* Technical Skills: Proficient in information technologies (e.g., Microsoft software applications).* Communication: Excellent written and oral communication and interpersonal skills across all levels.**Certifications & Licenses*** Preferred: CPHM - Certified Professional in Healthcare Management - AIHM* Preferred: Certified Management Accountant (CMA) - Institute of Management Accountants* Preferred: Certified Public Accountant (CPA) - Various#LI-HybridThe posted salary range is the lowest to highest salary we, in good faith, believe we would pay for this role at the time of this posting. We may ultimately pay more or less than the hiring range and this hiring range may also be modified in the future. A candidate’s position within the hiring range may be based on several factors including, but not limited to, specific competencies, relevant education, qualifications, certifications, relevant experience, skills, seniority, performance, shift, travel requirements, and business or organizational needs. This job is also eligible for *annual bonus incentive* pay.We offer a comprehensive package of benefits *including paid time off, 11 holidays, medical/dental/vision insurance, generous 401(k) matching, lifestyle spending account and many other benefits* to eligible employees.Note: No amount of pay is considered to be wages or compensation until such amount is earned, vested, and determinable. The amount and availability of any bonus, commission, or any other form of compensation that are allocable to a particular employee remains in the Company's sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.