Pharmacy Reimbursement Coordinator

Pharmacy Reimbursement Coordinator

Inspired by faith. Driven by innovation. Powered by humankindness. CommonSpirit Health is building a healthier future for all through its integrated health services. As one of the nation's largest nonprofit Catholic healthcare organizations, CommonSpirit Health delivers more than 20 million patient encounters annually through more than 2,300 clinics, care sites and 158 hospital-based locations, in addition to its home-based services and virtual care offerings.

The posted compensation range of $29.51 - $48.68 /hour is a reasonable estimate that extends from the lowest to the highest pay CommonSpirit in good faith believes it might pay for this particular job, based on the circumstances at the time of posting. CommonSpirit may ultimately pay more or less than the posted range as permitted by law.

As our Pharmacy Reimbursement Coordinator, you will be a key member of the pharmacy team, crucial for ensuring the financial integrity of outpatient drug reimbursement.

Every day, you will conduct research, perform audits, manage data, and consolidate, analyze, and perform cost-benefit and trend analyses. You will effectively navigate multiple vendor-based healthcare and financial applications, collaborating with other entities. You will also assist the Director of Pharmacy with auditing activities, budget analysis, pharmaceutical reimbursement, revenue integrity, and report generation to drive financial improvements.

To be successful in this role, you will possess strong analytical and data management skills, a solid understanding of healthcare financial applications, and a commitment to financial integrity. Your ability to work collaboratively, exercise discretion, and independently judge sensitive information will be essential in navigating restricted, confidential, and patient data.

• Perform drug reimbursement analysis; develop and analyze reports that allow root cause analysis on unpaid/underpaid accounts tracking loss, recovery, and margin over time.
• Assists Pharmacy leadership and key stakeholders in developing strategies to minimize financial risks associated with outpatient medication reimbursement.
• Report ongoing key financial metrics to finance and pharmacy leadership teams to ensure desired targets are achieved.
• Collaborate with revenue integrity, finance, and others to optimize medication reimbursement outcomes.
• Prepare reports, predictions, and develop recommendations based on research to track, manage, avert loss of, and recover revenue related outpatient pharmacy services.
• Analyze internal processes, technical system issues and payer processing/system issues that contribute to revenue capture opportunities.

Job Requirements

Required

• Bachelor's Degree or four (4) years of administrative or technical experience in a healthcare environment
• Three (3) years of professional work experience in a healthcare field
• PHARMTECH:XX License

Preferred

• CPTEXCPT or CPTPTCB or CPHT
• Three (3) years of experience in business acumen, insurance or managed care industry, hospital patient accounts or a related healthcare area such as utilization management, case management or hospital audit and reimbursement

Where You'll Work

Penrose - St. Francis Health Services is a full-service, 712-bed acute care provider in Colorado Springs comprising Penrose Hospital, St. Francis Hospital and St. Francis Hospital - Interquest. Penrose Hospital serves as the anchor hospital of Penrose-St. Francis Health Services with 300-licensed beds and the ability to provide tertiary (high tech) medical-surgical services with an emphasis on elective and outpatient care. Established in 1890, Penrose Hospital has grown to become a major health treatment and referral center, specializing in cancer care, cardiac care, emergency trauma care and physical rehabilitation. It's an incredible time to join us as we are a proud Magnet Hospital with designation from the American Nurses Credentialing Center (ANCC) for superior quality in nursing care. With more than 300 days of annual sunshine, mild winters and easy-to-access recreational areas like Pikes Peak, Garden of the Gods and some of Colorado's top destination resorts, you will enjoy an incredible lifestyle while having the career you've always wanted.

Total Rewards

Depending on the position offered, CommonSpirit Health offers a generous benefit package, including but not limited to medical, prescription drug, dental, vision plans, life insurance, paid time off (full-time benefit eligible team members may receive a minimum of 14 paid time off days, including holidays annually), tuition reimbursement, retirement plan benefit(s) including, but not limited to, 401(k), 403(b), and other defined benefits offerings, as may be amended from time to time. For more information, please visit our Total Rewards.

Unless directed by a Collective Bargaining Agreement, applications for this position will be considered on a rolling basis. CommonSpirit Health cannot anticipate the date by which a successful candidate may be identified.