The purpose of this position is to focus on collections, auditing, and analyzing Pharmacy sales both on the General Ledger (GL) and store profit & loss (P&L), 3rd Party Insurance Carrier Pharmacy Receivable, Pharmacy write-offs, and Pharmacy Accounts Payable accounts, to ensure that all money is accounted for and being collected from the insurance carriers, pharmacy benefits management (PBM) companies to reduce days sales outstanding (DSO) and prevent write-offs. The Pharmacy Unsaleable account performs outreach opportunities to gather credits owed to us from expired or damaged products that the stores and warehouses return. This position also ensures that all transactions for 3rd Party Pharmacy Receivable, Pharmacy write-offs, Pharmacy unsaleable and Pharmacy Accounts Payable accounts posted to the General Ledger are accurate and that all appropriate controls are followed, as well as analyzes and prepares routine and ad-hoc reporting identifying operational fluctuations in account balances and/or transactional data within the various Pharmacy systems.
The impact this position has on Publix is the collection of outstanding balances and the reduction of write-offs for uncollected funds from carriers.
Primary Responsibilities:-
This position is responsible for collecting money for all pharmacy 3rd party sales receivables, as well as providing input and implementing internal controls to support new business initiatives. While ensuring all 3rd Party receivables are collected, decrease days on hand and decrease write offs.
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This position is responsible for analyzing and preparing routine and ad-hoc reporting identifying operational fluctuations in account balances and/or transactional data within the various Pharmacy systems to ensure accuracy and enable sound, fact-based decisions related to the Pharmacy 3rd Party Sales account.
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This position is responsible for understanding and complying with Health Insurance Portability and Accountability Act of 1996 (HIPAA) and Sarbanes-Oxley section 404 (SOX 404).
