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Pbm Contracting Jobs in Illinois (NOW HIRING)

Senior Consultant, Pharmacy

Chicago, IL · On-site

$125K - $150K/yr

Demonstrated experience in pharmacy benefit management inclusive of benefit design, formulary strategy, utilization management programs, clinical programs PBM contracting, and analytics and reporting

Demonstrated experience in pharmacy benefit management inclusive of benefit design, formulary strategy, utilization management programs, clinical programs PBM contracting, and analytics and reporting

Senior Consultant, Pharmacy

Chicago, IL · On-site

$125K - $150K/yr

Demonstrated experience in pharmacy benefit management inclusive of benefit design, formulary strategy, utilization management programs, clinical programs PBM contracting, and analytics and reporting

$88 - $138/hr

Develop and execute the payer contracting strategy for Cardinal Health's specialty pharmacy ... Established relationships with payer and PBM executives and a demonstrated ability to leverage ...

... contracted vendors. * Owns the specialty biosimilar strategy offering for payer and PBM clients, including developing unique products and services. * Responsible for the strategies related to ...

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Pbm Contracting information

What is PBM contracting?

PBM contracting refers to the agreements made between Pharmacy Benefit Managers (PBMs) and other entities, such as pharmacies, drug manufacturers, or health plans. These contracts determine how prescription drug benefits are managed, including drug pricing, reimbursement rates, formulary management, and rebate arrangements. PBM contracting plays a crucial role in controlling drug costs and ensuring access to medications for patients. Understanding these contracts is important for healthcare providers, pharmacies, and insurers to optimize drug benefit management and costs.

What are the key skills and qualifications needed to thrive as a PBM contracting specialist?

To thrive as a PBM (Pharmacy Benefit Manager) Contracting Specialist, you need a strong background in contract negotiation, healthcare regulations, and pharmacy benefit management, typically supported by a degree in business, pharmacy, or healthcare administration. Familiarity with contract management software, PBM platforms, and knowledge of Medicare/Medicaid regulations is essential. Exceptional attention to detail, strong communication, and analytical thinking are crucial soft skills for success in this role. These skills ensure contracts are negotiated effectively, compliance is maintained, and mutually beneficial relationships are fostered between PBMs and clients.

What are some common challenges faced by professionals working in PBM contracting, and how can they be addressed?

Professionals in PBM (Pharmacy Benefit Management) Contracting often encounter challenges such as navigating complex negotiations with pharmaceutical manufacturers and health plan clients, staying current with evolving regulations, and balancing cost containment with maintaining access to quality medications. Success in this role requires strong analytical and communication skills, as well as a collaborative approach to working with legal, clinical, and sales teams. Staying proactive in monitoring industry trends and participating in ongoing training can help address these challenges and ensure effective contract management.

What is the difference between Pbm Contracting vs Pbm Electrician?

AspectPbm ContractingPbm Electrician
CredentialsGeneral contracting license, safety certificationsElectrical license, journeyman or master electrician certification
Work EnvironmentConstruction sites, project managementElectrical installations, maintenance, troubleshooting
Employer & IndustryConstruction companies, general contracting firmsElectrical contractors, industrial and commercial facilities

While Pbm Contracting oversees entire construction projects, Pbm Electrician specializes in electrical systems installation and repair. Both roles require safety certifications, but Pbm Electrician focuses specifically on electrical work, often within the broader scope of Pbm Contracting projects.

What cities in Illinois are hiring for Pbm Contracting jobs?

Cities in Illinois with the most Pbm Contracting job openings:

Pharmacy Benefits Account Manager

HUB International

Chicago, IL • On-site

$80 - $110/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted yesterday

New


HUB International rating

8.0

Company rating: 8.0 out of 10

Based on 140 frontline employees who took The Breakroom Quiz

170th of 315 rated insurance


Job description

ABOUT HUB INTERNATIONAL: HUB International Limited (“HUB”) is one of the largest global insurance and employee benefits broker, providing a broad array of property, casualty, risk management, life and health, employee benefits, investment and wealth management products, and services. With over 21,000 employees in 600+ offices throughout North America, HUB has grown substantially, in part due to our industry-leading success in Mergers and Acquisitions.

WHAT WE OFFER YOU:
  • Competitive salaries and benefits offerings
  • Medical/dental/vision insurance and voluntary insurance options
  • Health Savings Account funding
  • 401k matching program
  • Company paid Life and Short-Term Disability Plans
  • Supplemental Life and Long-Term Disability Options
  • Comprehensive Wellness Program
  • Generous PTO Package - Vacation, Holiday, Sick, and Personal Time Off
  • Great work/life balance because that’s important for all of us!
  • Focus on creating a meaningful environment through employee engagement events
  • The ability to be a part of a motivated, winning team with the opportunity to learn from colleagues who are amongst the top talent in the industry!
  • Growth potential - HUB is constantly growing and so can your career!
  • A rewarding career that helps local businesses in the community
  • Strong community support and involvement through HUB Gives

SUMMARY: The Pharmacy Benefits Account Manager (PBAM) is a new role in a rapidly growing team. PBAM role will support the HUB Pharmacy practice in the delivery of PBM strategy and data driven analysis. The PBAM will work directly with Pharmacy Consultants to support the Request for Proposal (RFP) process, create ad-hoc reports as well as prepare drafts of client-facing deliverables. The ideal candidate will have a well-rounded understanding of pharmacy benefits, enjoy working in a face paced environment, and demonstrate strong problem-solving skills.

ROLE RESPONSIBILITIES:
  • Pharmacy data collection, validation, and preparation for analysis and deliverables.
  • Use of multiple tools and access points to obtain the data, with consideration in locating inconsistencies in the data and information.
  • Must proactively manage projects, workload, initiatives, and assignments as determined by the HUB Pharmacy Practice team.
  • Work within the HUB Pharmacy Practice team to manage, track, and update core business activities for tracking & business advancement purposes.
  • Support lead pharmacy consultants on client engagements and meetings.
  • Contributes directly to support of the design, implementation, and maintenance of standardized pharmacy team operations workflows & pharmacy analytics strategies.
  • Establish productive and professional relationships with all members of the HUB Pharmacy Practice.
  • Some travel is required.
CANDIDATE REQUIREMENTS:
  • 4-years+ minimum work experience in prior Pharmacy Benefit Management (PBM) and/or pharmacy consulting experience.
  • Bachelor's degree from four-year college or university or equivalent combination of education and experience.
  • Intermediate knowledge of PBM Industry, stakeholders, intermediaries, and buyers.
  • Experience evaluating and explaining various PBM models, pricing types and products.
  • Strong understanding of PBM contracting life cycle.
  • Experience managing and updating CRM tools (i.e., Salesforce, Monday.com).
  • Refined verbal and written communication skills.
  • Accomplished project manager who can juggle multiple priorities and adjust to dynamic environment.
  • Six Sigma designation a plus.
  • Detailed oriented and accurate in producing work deliverables, and capable of performing reasonability reviews of pharmacy reports, and general analytics content.
  • Established history of working independently in remote or office environment.
  • Must approach all tasks with a sense of urgency to meet deadlines assigned in a cross-functional environment.
  • Must possess advanced skills in the current Microsoft Office suite of applications, specifically – MS Outlook, MS Excel, MS PowerPoint, & MS Word Outlook – ability to manage email volume and keep calendar up to date Excel – the ability to learn basic & advanced data lookup & arithmetic calculative functions (VLookup, SUMIFS, &etc.) PowerPoint – the ability to assemble content in standardized PowerPoint templates. Word – the ability to review, tracked, edit changes, and make document comparisons. Power Business Intelligence (BI) experience preferred.
  • Must have the ability and desire to be part of a collaborative team & business environment, managing multiple priorities day-to-day.

The expected salary range for this position is $80,000 to $110,000 and will be impacted by factors such as the successful candidate’s skills, experience and working location, as well as the specific position’s business line, scope and level.

HUB International is proud to offer comprehensive benefit and total compensation packages which could include health/dental/vision/life/disability insurance, FSA, HAS and 401(k) accounts, paid-time-off benefits such as vacation, sick, personal, floating holidays and company holidays. In addition, eligible annual bonuses, equity and commissions may be available for some positions.

Department Account Management & Service Required Experience: 2-5 years of relevant experience Required Travel: Negligible Required Education: Bachelor's degree (4-year degree)

HUB International Limited is an equal opportunity employer that does not discriminate on the basis of race/ethnicity, national origin, religion, age, color, sex, sexual orientation, gender identity, disability or veteran's status, or any other characteristic protected by local, state or federal laws, rules or regulations.

E-Verify ProgramWe endeavor to make this website accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact the recruiting team HUBRecruiting@hubinternational.com. This contact information is for accommodation requests only; do not use this contact information to inquire about the status of applications.

Hi, we’re HUB. In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected. When you partner with us, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support. And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.

About HUB International Headquartered in Chicago, Illinois, HUB International Limited (HUB) is a leading full-service global insurance broker providing property and casualty, life and health, employee benefits, investment and risk management products and services. From offices located throughout North America, HUB’s vast network of specialists provides peace of mind on what matters most by protecting clients through unrelenting advocacy and tailored insurance solutions.

For more information, please visit hubinternational.com.

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