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SmithRxSmithRxUnited States

Compliance Analyst

Compliance Analyst responsible for designing and managing corrective action processes, conducting root cause analysis, mitigating compliance risks, and ensuring timely resolution of issues in a pharmacy benefits management (PBM) environment. Requires 4+ years of healthcare compliance experience and strong knowledge of regulatory frameworks.

89k – 126k/yr
Remote4+ YOEOther

About the role

Primary Responsibilities

  • Design and/or enhance corrective action process
  • Assess and prioritize corrective action referrals
  • Initiate corrective actions (e.g., corrective action plans, warning letters)
  • Collaborate with business stakeholders to perform root cause analysis
  • Collaborate with business stakeholders to identify prevention, detection, and correction opportunities
  • Ensure business partners complete corrective actions in a timely and effective manner
  • Identify ways to mitigate risks to our organization
  • Develop job aids, playbook, and other program documentation

Additional Responsibilities

  • Build and maintain positive and strategic relationships with internal and external stakeholders
  • Support our compliant and ethical culture
  • Assist in developing or updating oversight materials and reporting metrics
  • Create and distribute written compliance standards where applicable
  • Abide by organization retention standards and version controls
  • Collaborate in Compliance training and education needs
  • Investigate potential or reported issues of non-compliance
  • Monitor organizational disciplinary actions and incentives for consistency, accuracy, and timeliness
  • Collaborate with Legal and other stakeholders to interpret regulations
  • Other responsibilities as assigned

Requirements

  • Bachelor’s degree or higher education in healthcare, compliance, or a related field, or equivalent years of relevant work experience
  • Minimum of four (4) years of compliance experience at a PBM or health plan, and pharmacy operations oversight or similar experience
  • Strong understanding with the seven elements of a highly effective compliance program
  • Strong working knowledge of healthcare compliance program corrective actions
  • Working knowledge of external audit functions and procedures
  • Professional verbal and written communication skills including proper grammar, construct, and appropriate to the audience
  • Advanced organizational, project, and time management skills to prioritize, prepare, and leverage resources and stay on focus
  • Ability to work independently and within a team environment
  • Ability to establish effective collaborative techniques, such as conflict resolution

Nice-to-Haves

  • Certified in Healthcare Compliance (CHC), Certification in Healthcare Privacy Compliance (CHPC), or Certified Compliance and Ethics Professional (CCEP)
  • Current, unrestricted clinical or functional business licensure (examples: certified pharmacy technician)
  • Direct experience with pharmacy benefits, network, and claims
  • Strong familiarity with PBM-related healthcare operations and/or clinical concepts, practices and procedures, or similar health plan knowledge
  • Strong familiarity with ERISA, Healthcare Exchange Marketplace (Affordable Care Act), Worker’s Compensation, and Medicare
  • Familiarity with pharmacy operations and healthcare benefits
  • Data-driven, big-picture thinker, and solutions-oriented

Compensation & Benefits

  • Base Salary: $89,300 - $126,000 (varies by zone: Zone A $107,100–$126,000; Zone B $98,200–$115,500; Zone C $89,300–$105,000)
  • Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance
  • Flexible Spending Benefits
  • 401(k) Retirement Savings Program
  • Short-term and long-term disability
  • Discretionary Paid Time Off
  • 12 Paid Holidays
  • Wellness Benefits
  • Commuter Benefits
  • Paid Parental Leave benefits
  • Employee Assistance Program (EAP)
  • Professional development and training opportunities
  • Total Rewards: In addition to base pay, this role may be eligible for bonuses, commissions, or equity.

Skills

ComplianceCorrective Action PlansRoot Cause AnalysisHealthcare CompliancePharmacy Benefits ManagementErisaMedicareChcChpcCcepAudit ProceduresRisk MitigationPharmacy OperationsHealthcare Regulations

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