Gross to Net Payment Senior Analyst

Keenova; Hazelwood (MO); On-site; USD 70,000 - 100,000; Full time

Job summary

Keenova in Hazelwood, MO is seeking a Gross to Net Payment Senior Analyst to process and analyze payments for wholesalers, Medicaid and government rebates, and related fees. The role focuses on timely payments, adherence to contracts, and internal controls within Model N.

The Senior Analyst serves as the main contact for payment questions for assigned accounts, with responsibilities including monthly/quarterly reporting and ensuring compliance with controls across AR processes.

Qualifications

• Bachelor’s degree in Business, Accounting or Finance or commensurate experience.
• Minimum 3+ years of experience in processing invoices, chargebacks, Medicaid, contracts, and/or finance; pharmaceutical industry experience is a plus.

Responsibilities

• Process wholesaler chargebacks, Medicaid and other government rebates, as well as managed care rebates and other incentive rebates and fees for assigned accounts.
• Conduct variance analysis on payments to ensure accuracy compared to prior period or expected payments; prepare in-depth analyses as needed.
• Interpret revenue and rebate contracts and manage rebate setup in Model N; support AR resolution and monthly/quarterly reporting.
• Resolve disputes with wholesalers, Medicaid programs, and rebate customers; ensure documentation and approvals for payments.

Skills

Interpersonal communication

Analytical skills

Teamwork

Detail oriented

Organized

Prioritization

Self-motivation

Education

Bachelor’s degree in Business, Accounting or Finance

Tools

Excel

Word

SAP

Job description

Requisition

JR000015939 Gross to Net Payment Senior Analyst (Open)

Job Title

Gross to Net Payment Senior Analyst

Requisition

JR000015939 Gross to Net Payment Senior Analyst (Open)

Location

Hazelwood, MO

Additional Locations

Malvern, PA

Job Description Summary

The Gross to Net Payment Senior Analyst processes and analyzes payments for wholesaler chargebacks, Medicaid and other government rebates, as well as managed care rebates and other customer incentive rebates and fees. All payments must be processed in a timely manner, and in accordance with contracts and internal guidelines and controls. The Senior Analyst responds to inquiries from customers and the business and is the main contact for payment questions involving his/her assigned customers and the related Accounts Receivable. Additionally, the Senior Analyst will be responsible for monthly/quarterly reporting to ensure adherence and compliance with internal controls.

Job Description

Ensure accurate and timely payments of wholesaler chargebacks, Medicaid and other government rebates, as well as managed care rebates and other incentive rebates and fees for assigned accounts within the Model N. Includes conducting variance analysis on payments to ensure accuracy compared to prior period or expected payments. Complete more in-depth analysis for certain payments. For managed care payments as well as Medicaid rebates, this includes the review and validation of script level data. Assist with cross-payment review for duplicate discounts and make recommendations for disputes. Interpret and understand revenue and rebate contracts and how it relates to rebate setup in Model N. Manage the setup of new rebate and fee programs in Model N as well as modifications to existing programs. Resolve disputes and discrepancies, where possible, by interacting with the various wholesalers, Medicaid programs, and rebate customers. Manage AR resolution related to these payments. Strict adherence to internal controls; i.e., obtain proper supporting documentation and obtain proper approvals for payments. Organize and retain all documentation associated with the receipt, processing, reconciliation and payment of all chargebacks, rebates and fees. Ensure related monthly/quarterly reporting requirements for these controls are met. Manage and utilize Model N for processing gross to net payments so that all information is properly recorded. Devise and create additional ad-hoc reports upon request that can be used for analysis of gross to net payments to assist in forecasting. Analyze payment variances and trends to identify outliers and research root causes for potential upstream errors. Support the development and maintenance of policies and standard operating procedures to ensure compliant operations. Participate in internal and external audits, when needed, in order to demonstrate compliance with policies, laws, and regulations. Other duties as assigned to assist with the department’s gross to net payment processing and reporting.

Qualifications

• Bachelor’s degree in Business, Accounting or Finance field preferred or commensurate experience.
• Minimum of 3+ years of business experience in an office environment with prior experience in processing/handling/or payment of invoices. 3+ years’ experience in chargebacks or Medicaid, Contracts, and/or Finance preferred. Pharmaceutical industry experience is a plus.

Preferred Skills

• Experience with the Medicaid Rebate program and other government healthcare programs is a plus.
• Ability to function in a high volume, process-based, customer-focused environment.
• Excellent interpersonal communication (written and verbal) and teamwork skills.
• Must be accurate, detailed oriented and organized.
• Strong analytical and problem-solving skills.
• Ability to work diligently without constant supervision.
• Excellent PC and systems skills; proficient in Excel and Word. SAP experience a plus.
• Proven track record of attaining organizational and personal objectives.
• Adaptable, strong team player with outstanding communication skills and ability to work with all functional areas.
• Ability to prioritize work to meet deadlines; self-motivated with a sense of urgency.
• Ability to identify and lead change as required for process improvements.

Keenova offers employees a Total Rewards package which includes competitive pay and benefits. To learn more about our Total Rewards benefits please visit: Keenova Careers | Serve and Grow with Purpose | Keenova

Disclaimer: The above statements are intended to describe the general nature and level of work performed by employees assigned to this job. They are not intended to be an exhaustive list of all duties, responsibilities, and qualifications. Management reserves the right to change or modify such duties as required.

At Keenova, we believe that no one should be alone in their pursuit of better health. This purpose drives us as we pair quality therapeutics with human support—showing up in big moments and small to help patients find comfort and confidence. We bring deep expertise and resolve to every therapeutic area we serve, including immunology, urology, men’s health, orthopedics, critical care, and pediatric endocrinology. We work with patients, care partners, and physicians to help them navigate healthcare system complexity and access therapies that make a meaningful difference. We are Keenova—keen to solve, keen to serve. Learn more at www.keenova.com.