At a Glance
- Tasks: Manage and maintain formulary configurations in a proprietary system, ensuring accuracy and compliance.
- Company: TruDataRx, an independent company focused on improving pharmacy benefits through data.
- Benefits: Collaborative culture, opportunities for growth, and a chance to make a real impact.
- Other info: Dynamic environment with a focus on continuous improvement and teamwork.
- Why this job: Join a team that values curiosity and problem-solving while working with pharmaceutical data.
- Qualifications: 2 years of experience in formulary operations and strong knowledge of pharmaceutical data standards.
The predicted salary is between 35000 - 45000 £ per year.
About Tru Data Rx
Tru Data Rx, Inc. uses objective clinical data to help clients improve the clinical efficacy and reduce the costs of pharmacy benefits for its members.
We are independent from all players in the pharmaceutical manufacturing and distribution industries, enabling us to best serve our clients.
We value the following characteristics in our team members
- Outward Mindset – foundation of our culture, which influences the right behaviors, that leads to results
- Entrepreneurial – the ability to get things done with resources you don’t control
- Humility – deep comfort in knowing when you don’t know and asking questions
- Collaboration – we always give benefit of doubt that each person has something to contribute
Position Summary
The PBM Operations Analyst is responsible for managing and maintaining accurate formulary configurations in Tru Data Rx’s proprietary system.
This role requires expertise in pharmaceutical data standards, specifically NDC and Medi Span in reviewing, coding, and managing formulary configurations to ensure accurate, up-to-date information is maintained within the formulary system.
The PBM Operations Analyst works in close collaboration with internal stakeholders, including the Pharmacy & Therapeutics Committee and Account Management, to ensure correct implementation of clinical and client-specific formulary decisions.
Essential Functions
- Manage and maintain formulary configurations in Tru Data Rx’s proprietary system, ensuring alignment with P&T decisions, account-specific requirements, and industry standards utilizing Medi Span and NDC standards.
- Monitor and implement formulary changes, including tiering, exclusions, and utilization management attributes, as directed by the Pharmacy & Therapeutics (P&T) Committee and Account Management.
- Identify and troubleshoot system or configuration issues, escalating as needed. Proactively contribute to system optimization and process improvement initiatives.
- Ensure Formulary accuracy and data integrity by supporting the team in regular quality control reviews as requested.
- Prepare and update Prescription Drug Lists and other reports to support internal teams and client deliverables.
- Serve as a resource to internal teams, providing expert support on formulary-related questions and collaborating closely with the P&T committee, Account Management and partnering with IT as needed to troubleshoot and optimize system inefficiencies.
- Identify, surface and troubleshoot formulary system issues to determine if stemmed in configuration or system function, asking for help as needed and surfacing ways to address and optimize system inefficiencies.
Requirements
- Minimum of 2 years of experience in formulary operations for a pharmacy benefit manager, or a related field.
- Strong knowledge of GPI identifiers and comfort with Medi Span and NDC-derived data.
- Proficiency in pharmaceutical classifications, drug data, and formulary logic.
- High attention to detail and accuracy in data entry and formulary configuration.
- Demonstrated ability to troubleshoot system and process inefficiencies with a continuous improvement mindset.
- Excellent organizational, written, and verbal communication skills.
- Proficiency in Microsoft Office Suite (Word, Excel, Power Point).
Company Standard Requirements
- Ability to work well with others in a collaborative environment
- Ability to get things done with resources you don’t control
- Willingness to admit you don’t know and ask for help
- Exhibit constant curiosity and a drive to problem solve
- Exhibit desire to learn and grow on a continuous basis
PBM Operations Analyst in Norwich employer: TruDataRx
TruDataRx is an exceptional employer that fosters a collaborative and entrepreneurial work culture, where team members are encouraged to embrace an outward mindset and continuously seek improvement. As a PBM Operations Analyst, you will have the opportunity to work with cutting-edge pharmaceutical data while contributing to meaningful projects that enhance clinical efficacy and reduce costs for clients. With a strong emphasis on employee growth and a supportive environment, TruDataRx stands out as a place where your contributions truly matter.
StudySmarter Expert Advice🤫
We think this is how you could land PBM Operations Analyst in Norwich
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Dive into industry-specific events like pharmaceutical conferences and seminars, where you can meet hiring managers from companies like TruDataRx. These are goldmines for making connections and learning about job openings before they hit the mainstream job boards.
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Get involved with organisations such as the Royal Pharmaceutical Society or your local pharmaceutical professionals' network. Being an active member can boost your credibility and may even lead to job referrals in top organisations like TruDataRx.
✨Leverage Internships for Full-time Roles
If you can, consider pursuing internships in the pharmaceutical industry, especially with companies like TruDataRx. These opportunities often pave the way for full-time positions and allow you to demonstrate your capabilities firsthand.
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When you're applying for roles, don't rush it! Take the time to customise your applications for specific positions, showcasing relevant skills and experiences that align with what TruDataRx is looking for. A tailored application can really make you stand out!
We think you need these skills to ace PBM Operations Analyst in Norwich
Some tips for your application 🫡
Showcase Your Relevant Experience:When applying for a role in the pharmaceutical industry, it's crucial to highlight any relevant experience you have. Whether that's internships, lab work, or even related coursework, make sure to weave this into your CV and cover letter. We want to see how your background aligns with the role you're applying for at TruDataRx!
Emphasise Your Understanding of Regulations:The pharmaceutical industry is heavily regulated, so it's important to indicate your familiarity with industry standards and regulations. In your cover letter, mention any training or certifications you've received that are relevant, or discuss projects where you’ve navigated compliance. This will show TruDataRx that you're not just a fit for the job but also a safety-conscious candidate!
Tailor Your CV to Be Result-Driven:Craft your CV to highlight quantifiable achievements, especially if you have previous roles in pharmaceuticals or related fields. Use metrics to demonstrate your impact, such as improved processing times or successful project completions while working on trials. This analytical approach will resonate well with hiring managers at TruDataRx!
Convey Your Passion for the Industry:In your cover letter, express why you are passionate about working in the pharmaceutical sector. Whether it’s your desire to contribute to groundbreaking drug research or improve patient outcomes, let it shine through! At TruDataRx, we value candidates who are truly enthusiastic about their work—you might just stand out from the crowd.
How to prepare for a job interview at TruDataRx
✨Understand the Science
Make sure you brush up on key pharmaceutical concepts and recent developments in the industry. You might get asked some technical questions during the interview at TruDataRx that show your grasp of drug development processes or regulatory requirements, so be ready to discuss them clearly.
✨Showcase Relevant Experience
If you have any hands-on experience or internships in a laboratory setting, be sure to highlight these in your responses. Think about the projects you worked on, the methodologies you used, and the impact you made. It's all about telling a story that connects your background to the role you're applying for.
✨Know Their Products
Take some time to familiarise yourself with TruDataRx’s product range and recent breakthroughs. Understanding their portfolio not only shows your enthusiasm for the role but also allows you to ask insightful questions that demonstrate your interest in actively contributing to their projects.
✨Be Ready for Regulatory Scenarios
In a full-time pharmaceutical role, understanding the regulatory landscape is crucial. Prepare for situational questions that may test your problem-solving skills concerning compliance and safety standards. You could be asked how you'd handle a hypothetical issue regarding a drug’s market release, so think through your approach.
