Sr. Associate Analyst, Pharmacy Collections

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The Sr. Associate Analyst Pharmacy Collections is responsible for managing high-volume portfolio of pharmacy adjudicated claims including payer follow-up denial research and resolution underpayment review credit balance management and ensuring cash collections of such activities. This role works assigned accounts to secure timely and accurate reimbursement reduce aging resolve claim issues and ensure compliance with payer regulatory and departmental productivity standards.

Location: This is a hybrid role with up to two days in office at our Cary NC location.

Compensation: Target rate is between $30 and $31 an hour.

Key Responsibilities

• Manage a high-volume portfolio of pharmacy adjudicated claims and perform timely follow-up on outstanding accounts to maximize cash collections and reduce aged receivables.

• Research and resolve denials underpayments rejections and payment variances by reviewing claim history EOBs remittance advice payer guidelines and supporting documentation.

• Analyze account balances and reimbursement activity to identify root causes escalate trends and recommend corrective actions that improve collection performance and claim resolution.

• Coordinate with payers PBMs internal billing teams and cross-functional partners to resolve claim issues support resubmissions ensure adherence to timely filing and reimbursement requirements and maximize cash collections.

• Manage credit balances refund requests and overpayment activity in accordance with contractual regulatory and legal requirements including Medicare and Medicaid guidelines.

• Serve as a subject matter resource for collection workflows respond to process-related questions and assist with first-level issue escalation and account resolution support.

• Prepare clear account summaries trend analysis and recommendations for leadership to support issue resolution process improvements and operational decision-making.

• Support implementation of new processes pilots and workflow enhancements including knowledge transfer and training to team members as needed.

• Monitor productivity and quality expectations while maintaining accurate documentation of collection activity claim status and account disposition.

Minimum Requirement

Degree or equivalent and typically requires 2 years of relevant experience.

Education

Associate degree or higher in a related field or an equivalent combination of education and relevant experience.

Critical Skills

• 2 years of high-volume pharmacy and/or medical accounts receivable billing and collections experience; senior-level or lead experience preferred.

• Demonstrated experience working pharmacy adjudicated claims interpreting EOBs and remittance advice and performing detailed research on denials underpayments and outstanding balances.

• Strong knowledge of payer guidelines reimbursement practices timely filing requirements and credit balance or refund processes.

• Ability to identify root causes analyze trends and resolve complex account issues independently with minimal supervision.

• Highly organized proactive and able to manage multiple priorities in a fast-paced high-volume environment.

• Strong analytical problem-solving and communication skills with the ability to collaborate effectively across teams and with external payers.

• Results-driven mindset focused on AR resolution reimbursement accuracy and continuous process improvement.

• Knowledge of general accounting principles and proficiency in Microsoft Office Suite including Outlook Excel Word PowerPoint Teams and SharePoint.

We are proud to offer a competitive compensation package at McKesson as part of our Total Rewards. This is determined by several factors including performance experience and skills equity regular job market evaluations and geographical markets. The pay range shown below is aligned with McKessons pay philosophy and pay will always be compliant with any applicable regulations. In addition to base pay other compensation such as an annual bonus or long-term incentive opportunities may be offered. For more information regarding benefits at McKesson pleaseclick here.

Our Base Pay Range for this position

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