[Remote] Medical Economics Analyst at CVS Health

Connecticut, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Health SolutionsIndustries

Requirements

1+ years of Excel experience in a professional and/or academic setting
Bachelor's degree or equivalent work experience required

Responsibilities

Support local market network teams on implementation and administration of Value Based Contracting (VBC) agreements
Ensure proactive tracking and facilitation of meeting VBC agreement incentive payment commitments throughout the contract life cycle
Work with scorecards and reconciliation payment requests and reporting to support incentive payments on these deals
Take ownership of a portfolio of markets and deals, collaborating with negotiators, Network managers, and Value Based partners to meet contractual commitments, administer incentive payments, and assist in pre-deal evaluation and recommendations
Participate in enhancement projects and process improvements
Analyze Value Based arrangements across lines of business to support appropriate pricing and to help provider partners achieve improved outcomes for members
Partner with a wide range of business units across the enterprise, including other Finance areas and Contract Negotiators

Skills

Excel

Value Based Contracting

Data Analysis

Reporting

Contract Negotiation

CVS Health

Comprehensive pharmacy and healthcare services

About CVS Health

CVS Health operates a large network of retail pharmacies and walk-in medical clinics across the United States, providing a variety of health-related products and services. Their offerings include prescription medications, over-the-counter health products, and beauty items, as well as pharmacy benefits management and specialty pharmacy services. CVS Health's integrated business model allows them to serve individual consumers, businesses, and communities effectively, with a focus on improving health outcomes and reducing healthcare costs. Unlike many competitors, CVS Health combines pharmacy services with medical care, making it easier for patients to access quality healthcare. The company's goal is to enhance access to healthcare and support individuals in achieving better health.

Woonsocket, Rhode IslandHeadquarters

1963Year Founded

DEBTCompany Stage

Healthcare, Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Company Equity

Wellness Program

Professional Development Budget

Paid Vacation

Paid Holidays

Risks

Legal challenges related to opioid prescriptions could harm CVS's reputation and finances.

The DOJ's intervention in a whistleblower lawsuit may increase legal costs for CVS.

The Horizon Organic Milk recall exposes potential vulnerabilities in CVS's supply chain.

Differentiation

CVS Health operates over 9,600 retail pharmacies and 1,100 walk-in clinics nationwide.

The company integrates pharmacy benefits management with specialty pharmacy services for comprehensive care.

CVS Health offers tailored medication plans through personalized medicine and pharmacogenomics.

Upsides

Expansion of telehealth services allows CVS to reach more patients remotely.

Increased consumer interest in wellness boosts demand for CVS's health-related products.

The trend towards value-based care aligns with CVS's integrated healthcare approach.

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