JOB SUMMARY: Evaluates reimbursement of medications provided to inpatients, clinic patients and patients receiving prescriptions through the outpatient pharmacy network. Works with multidisciplinary groups to develop proper procedures and programs to maximize reimbursement. Facilitates process and system improvements to reduce the likelihood of occurrence of loss of reimbursement relating to pharmaceuticals.
Clarify and trend pharmaceutical denials and underpayments of the highest cost drugs and other drugs.
Utilizes data from finance and pharmacy systems to determine reimbursement rates for pharmaceuticals for various patient care settings.
Evaluates actual reimbursement compared to defined contractual reimbursement rates for specific drugs/procedures.
Provides trending on reimbursement and information on areas for focus to maximize reimbursement.
Maintains data in appropriate database to facilitate evaluation and presentation of data.
Evaluates data enabling the identification of trends by multiple variables.
Work with patient accounting, finance, contracts and pharmacy to develop strategy for improved reimbursement.
Utilizing data collected, defines areas for focus to maximize reimbursement and presents plan to above departments.
Maintains list of potential opportunities for reimbursement and contracting based on proactive review of data.
Works collaboratively to develop programs and procedures to maximize reimbursement of pharmaceuticals.
Facilitates process and system improvements to reduce the likelihood of occurrence of loss of reimbursement relating to pharmaceuticals.
Works with pharmacy staff and finance to evaluate reimbursement of new drugs and proposes necessary procedures to maximize reimbursement.
Document enhanced reimbursement from developed programs and trend success of programs.
Utilizing databases maintained to provide documentation to support the effectiveness of the reimbursement program. Assists with regulatory compliance related to safe medication use with program, operational, regulatory bodies (JCAHO, ASHP, state and federal regulations, Leapfrog, etc.), and institutional policies and procedures.
Provides written monthly update on activities and financial impact of program to enhance reimbursement.
Assists billing manager and documents regulatory compliance related to billing of pharmaceuticals and works to correct any variances.
Work with Patient Assistance Programs (PAP) to include identifying new opportunities, document receipt of funds and provide proper adjustment of patient accounting accounts.
Collaborates with pharmacy, finance, contracts and patient accounting to identify ongoing opportunities to expand the PAP to reduce drug cost.
Documents savings from the PAP and provides a monthly report trending the savings from the program.
Provide recommendations to pharmacy administration for input into hospital contracting for enhanced reimbursement.
Maintains proper resources and contacts to understand the contractual reimbursement of pharmaceuticals.
Maintains documentation on any issues with contractual reimbursement including the financial impact for review by pharmacy, finance and contracting.
Contributes to the continuing education of pharmacy on the reimbursement of pharmaceuticals and the contractual trends for reimbursement.
Vanderbilt University Medical Center is home to Vanderbilt University Hospital, The Monroe Carell Jr. Children’s Hospital at Vanderbilt, the Vanderbilt Psychiatric Hospital and the Vanderbilt Stallworth Rehabilitation Hospital. These hospitals experienced more than 61,000 inpatient admissions during fiscal year 2015. Vanderbilt’s adult and pediatric clinics treated nearly 2 million patients during this same period.Vanderbilt University Hospital and the Monroe Carell Jr. Children’s Hospital at Vanderbilt are recognized again this year by U.S. News & World Report’s Best Hospitals as among the nation’s best with 18 nationally ranked specialties. Vanderbilt University Medical Center is world renowned because of the innovation, work ethic and collegiality of its employees. From our health care advances to our compassionate care, Vanderbilt owes its accomplishments and reputation to staff and faculty who bring skill and drive and innovation to the medical center day after day. World-leading academic departments and comprehensive centers of excellence pursue scientific discoveries and transformational educational and clinical advances across the entire spectrum of health and disease.As th...e largest employer in middle Tennessee, we welcome those who are interested in ongoing development in a caring, culturally sensitive and professional atmosphere. Most of us spend so much of our lives at work, we want to be part of maintaining a workplace in which people support one another and encourage reaching for excellence. Many high-achieving employees stay at Vanderbilt because of the professional growth they experience and because of their appreciation of Vanderbilt’s benefits, public events and discussions, athletic opportunities, beautiful setting and, above all, sense of community and purpose.Vanderbilt and its employees share a set of mutual expectations that have been created with productivity, legality, fairness and safety always in mind. We believe that our investment in training and compensating employees multiplies in value when we enable individuals to deliver their best performance for the benefit of us all.