Senior Analyst, Government Pricing and Medicaid (Bound Brook)

Government Pricing Analyst

Cosette Pharmaceuticals is a US based, diversified pharmaceutical company with a proven topicals and dermatology portfolio and a growing branded pharmaceuticals business. We are fully integrated, with a deep focus on internal R&D, high quality manufacturing standards and commercial sales excellence. We continue to diversify and expand through strategic partnerships, acquisitions and internal R&D.

Our highly experienced leadership team are busy writing the next, most ambitious chapter of our story. Building on a 100+ year heritage, their shared vision of innovation will leverage the expertise of more than 350+ team members, and infrastructure to create remarkable new opportunities for the patients and physicians we serve every day.

Cosette is headquartered in Bridgewater, NJ with 2 additional locations in the U.S. The South Plainfield, NJ office consists of an R&D Laboratory and other functional areas. The Lincolnton, NC site is a fully functioning, state of the art, manufacturing facility.

Innovating every day.

Summary :

Performs government price calculations, analysis and submission of all mandated products and pricing data for all federal and state government programs. Processes current / prior quarter Medicaid invoices and submit payment package with another team member. Responsible for resolution of data discrepancies and providing relevant supporting documentation to government agencies, as needed including CMS (Centers for Medicare and Medicaid Services), HRSA (Health Resources and Services Administration) and the VA (Veterans Administration).

Essential Duties and Responsibilities :

• Responsible for performing end-to-end calculations and initial analysis of government price calculations for AMP, BP, URA, Non-FAMP, FSS, FCP, IFF, ASP and PHS prices.
• Ensuring timely and accurate calculation of government prices based on monthly, quarterly, and annual schedules, and reporting them to relevant government agencies.
• Performs re-calculation of statutory pricing requirements, as needed, and provides analysis on financial impact to 340B, Medicaid and / or VA.
• Processes quarterly Medicaid invoices in Vistex to include retrieving e-invoices or scanning mail invoices, loading invoices in Vistex, identifying and resolving disputes with Medicaid state representatives, submitting invoices for payment, and creating payment packages with another team member.
• Maintains working knowledge of the Medicaid Drug Rebate Agreement, the Federal Supply Schedule agreement, 340B Pricing, and regulatory / legislative changes that impact pricing, contracts, and all Federal and State statutory calculations.
• Reviews and analyzes customer pricing, class of trade and transactional data for correct classification and inclusion / exclusion in the government pricing calculations.
• Performs analysis on fluctuations in reported pricing and provides detailed explanations for significant increase or decrease.
• Collaborates with various departments to resolve all source system data issues identified in the data reconciliation and validation process prior to calculations being processed.
• Provides support to Sr Director, Government Pricing and GTN including updates / changes to department policies / procedures to allow for continuous business process improvement.
• Maintains appropriate written and electronic documentation consistent with approved policy and various state and federal requirements.
• Assists with various projects as assigned.
• Work on special projects as they arise.

Qualification Requirements :

Salary Range : The expected base salary for this Bridgewater, NJ based position is $85,000 - $115,000. In addition, you may be eligible for a discretionary bonus if you are an active employee on the payment date.

Benefits : Hired applicants may be eligible for benefits, including but not limited to, medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k) match, flexible spending accounts, health saving account, employee assistance program, tuition reimbursement program, parental leave, wellness program, paid time off, volunteer time, and holidays.

Physical requirements : This role will follow a hybrid work schedule, requiring three (3) onsite days per week at our Bridgewater, NJ office.

Equal Opportunity Employment : Providing equal employment opportunity is one of the most important people policies of Cosette Pharmaceuticals, Inc. Our goal is to do all that we realistically can to provide genuine equal employment opportunity to applicants and employees in all phases of our operation. It is the policy of this Company that there shall be no discrimination with respect to employment, or any of the terms and conditions of employment, because of an individual's race, creed, religion, color, national origin, citizenship, ancestry, age, gender identity or expression, affectional or sexual orientation, marital status, domestic partnership, familial status, atypical hereditary cellular or blood trait, disability (including AIDS and HIV infection), genetic information, liability for service in the United States armed forces or any other legally protected status. The Company is dedicated to ensuring that all employment decisions are in accordance with these principles of equal employment opportunity.