Drug Pricing Transparency Analyst

Job Specifications & Description

The Drug Pricing Transparency Analyst will join a highly collaborative, friendly, passionate, and energized team of professionals who work in an environment that goes beyond casual dress and flex scheduling. No structure or formality is permitted to get in the way of collaboration and teamwork. The ongoing growth of the company offers team members continuous opportunities to gain experience, develop skills and chart their course along an exciting success path.

Two Labs has created a systematic approach to pharmaceutical product commercialization and related services to pharmaceutical manufacturers. Our platform leverages extensive analytics and step-by-step processes for our clients’ trade and product launch planning needs and takes advantage of our team’s diverse career backgrounds and extensive pharmaceutical expertise.

Role and Responsibilities:

As an Analyst on our team, you will work in a collaborative and supportive environment to create insights and value for stakeholders. Team members are self-motivated and demonstrate flexibility to assist on a variety of tasks. Following are generalized requirements and tasks associated with the Analyst role:

Development of Subject Matter Expertise

  • Develop knowledge of state prescription drug price transparency (“DPT”) programs with an opportunity to develop deep expertise.
  • Ability to read, research and understand guidance from Government and other agencies while retaining, applying, and growing your knowledge base.
  • Stay current on industry trends as it relates to State Prescription Drug Price Transparency Reporting.
  • Ability to follow and assist in developing Policy and Procedures for defined Service Areas.

Communication and Support

  • Ability to communicate with state government employees, third-party processors, State Agencies, commercial plans, or legal firms.
  • Develop an awareness of Two Labs services
  • Approach projects in an organized manner
  • Deliver clear requests for information
  • Demonstrate flexibility in prioritizing and completing tasks
  • Communicate potential conflicts to a supervisor.

Analytical Mindset, Timeliness, and Attention to Detail

  • Identify, analyze, and solve data or process problems.
  • Detect outliers in data and research to identify the cause of the anomaly.
  • Setting up variance thresholds, determining reasonability of results.
  • Prepare monthly, quarterly and annual pricing deliveries by defined timelines.
  • Reviewing contract terms or formulary positioning to determine proper rebate application.
  • High accuracy rate and compliance with applicable legal requirements and policy and procedures serving as the foundation of the SOC controls and compliance.
  • Assistance in reviewing invoices for accuracy against Statement of Work.

Technical Skills in Software, Analysis, and Reporting

  • Proficiency in Microsoft Outlook, Excel, Word, and PowerPoint.
  • Adaptability and proficiency in internal and leading industry software, including aspects such as set-up, maintenance, and on-going workflows.
  • Support to ongoing process and system development, especially in times of evolving government program changes.
  • Familiarity with database structures and ability to understand underlying tables.
  • Interpret and analyze large datasets to develop analytics / solutions to support business needs.
  • Prepare routine and ad hoc analysis, presentations, and assessment reports by collecting, analyzing, and summarizing information.

Adaptability

  • Interact with end users to understand and document business and functional requirements for new or complex projects.
  • Shift between service areas and tasks in a fast-paced environment.
  • Flexible and adaptive to changing business requirements and processes.
  • Team player willing to handle routine tasks such as data entry or as assigned.

Interpersonal

  • Collaborate and contribute as a team member: understand personal and team roles; contribute to a positive working environment by building solid relationships with team members; proactively seek guidance, clarification, and feedback.

Qualifications

Ideal candidates will have a strong financial background based on a combination of education, experience, or both. Background in healthcare, paralegal, pharmaceuticals or Life Sciences is a plus. Competency with data analysis tools, understanding of pricing strategy / methodologies, and an ability to rapidly learn and apply new concepts.

  • Bachelor or master’s degree in Healthcare, Accounting/ Finance or Technology related field
  • Strong record of leadership in an academic, professional, or extracurricular setting
  • Ability to prioritize concurrent project responsibilities
  • High accuracy rate and attention to detail
  • High degree of analytical and quantitative problem-solving skills
  • Experience working with large data sets or proficiency with data tools such as MS Excel is required. 
  • Effective management of multiple assignments, from planning through completion
  • Communicate effectively in written and verbal formats to various audiences in a professional business environment.

Two Labs, LLC is a non-smoking and drug-free workplace.

Two Labs, LLC is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation or identity, national origin, disability status, or protected veteran status.