Accounts Payable Specialist at Abarca Health

Sioux Falls, South Dakota, United States

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$40,000 – $52,000Compensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Associate's in Accounting or 3 years of equivalent experience
Visual acuity adequate to perform position duties
Ability to communicate effectively with others, hear, understand, and distinguish speech and other sounds
Commitment to Avera’s mission, vision, core values, and social principles
Uphold Avera’s standards of Communication, Attitude, Responsiveness, and Engagement (CARE)
Maintain confidentiality
Work effectively in a team environment
Comply with safety principles, laws, regulations, and standards (e.g., CMS, The Joint Commission, DHHS, OSHA)

Responsibilities

Process assigned vendor invoices and payments and assigned vendor statements
Review expense reimbursements for accuracy and compliance with policy and procedures
Report issues with accounts payable systems and/or dictionaries to assigned Senior Accounts Payable Specialists for troubleshooting
Validate EOC codes on invoices to ensure they properly align with established guidelines; alerting leadership to potential issues
Monitor assigned work queues to ensure timely approval and payment for goods and services
Identify opportunities for process improvements to drive efficiency, accuracy, and standardization
Evaluate invoices for appropriate tax and 1099 reporting
Review appropriateness of payment prior to check creation and distribution
Assist Materials Management in enforcing Purchase Order policies

Skills

Key technologies and capabilities for this role

Accounts PayableInvoice ProcessingVendor PaymentsExpense Reimbursements1099 ReportingPurchase Order EnforcementProcess ImprovementTax ComplianceWork QueuesEOC Codes

Questions & Answers

Common questions about this position

What is the pay range for the Accounts Payable Specialist position?

The pay range is $19.25 - $25.00, with actual pay rate dependent upon experience.

Is this a remote position or does it require on-site work?

This is an on-site position located at Avera Downtown Building in Sioux Falls, with a day shift schedule.

What qualifications are preferred for this role?

Preferred qualifications include an Associate's in Accounting or 3 years of equivalent experience.

What is the company culture like at Avera?

Avera emphasizes compassion, hospitality, stewardship, and upholding CARE standards (Communication, Attitude, Responsiveness, Engagement), while promoting teamwork and commitment to their mission and values.

What makes a strong candidate for this Accounts Payable Specialist role?

Strong candidates will have an Associate's in Accounting or equivalent experience, attention to detail for processing invoices and ensuring compliance, and the ability to work effectively in a team while upholding company values.

Abarca Health

Pharmacy Benefit Management services provider

About Abarca Health

Abarca Health provides Pharmacy Benefit Management (PBM) services, focusing on flexible and user-friendly solutions for health plans, employers, and government programs like Medicare and Medicaid. Its main product, the Darwin platform, allows clients to quickly implement and modify benefit designs while ensuring compliance with regulations. Abarca Health manages over $5.3 billion in drug spend and processes 100 million prescription claims annually, offering additional services like home delivery for prescriptions. The company's goal is to deliver exceptional service and innovative solutions in the PBM market.

Aventura, FloridaHeadquarters

2005Year Founded

VENTURE_UNKNOWNCompany Stage

HealthcareIndustries

501-1,000Employees

Benefits

PTO

Parental leave

Work flexibility

Health insurance

Wellness stipend

401k

Tuition reimbursement

Leadership development programs

Risks

Increased competition from Amazon Pharmacy and Mark Cuban's Cost Plus Drug Company.

Growing focus on specialty drugs may require platform adaptation.

Shift towards price transparency could pressure Abarca's pricing models.

Differentiation

Abarca Health's Darwin platform is highly adaptable and user-friendly.

The company offers innovative programs like Triple S en Casa for home delivery.

Abarca Health ensures compliance with ever-changing healthcare regulations.

Upsides

Abarca transitioned two million members to Darwin in 18 months, showing operational efficiency.

Collaboration with Blue Shield of California boosts Abarca's reputation in the PBM sector.

Recognition as a top IT workplace attracts top talent, driving innovation.

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