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Inovalon
Senior Business Analyst – Pharmacy (RCM, Billing & Financial Reconciliation)
productfull-timeRemote- United States
SALARY
Not listed
WORK TYPE
hybrid
JOB TYPE
full-time
INDUSTRY
healthcare
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About the role
Overview
We are seeking a highly experienced Senior Business Analyst with deep expertise in specialty/infusion pharmacy, medical billing, and financial reconciliation to support enterprise SaaS implementations. This role serves as a critical liaison between clients, operations, product, and engineering teams to define business requirements, design future-state workflows, and ensure successful delivery of Revenue Cycle Management (RCM) solutions.
The ideal candidate brings strong domain knowledge in pharmacy billing, claims adjudication, payment posting, and reconciliation, and plays a key role across the full client lifecycle—from pre-sales through implementation and post-go-live optimization.
Key Responsibilities
Delivery & Strategic Execution
- Lead complex and enterprise-wide implementations with multiple integrated workstreams
- Own RCM functional track deliverables, ensuring alignment across stakeholders
- Define governance standards, implementation plans, and risk mitigation strategies
- Drive future-state workflow design across pharmacy operations and revenue cycle processes
- Manage release coordination, dependencies, and cross-functional execution
Pharmacy Billing & Revenue Cycle Expertise
- Serve as Subject Matter Expert (SME) in:
- Medical and pharmacy billing (specialty and infusion)
- Claims lifecycle management (submission, adjudication, reversals, rebilling)
- Payment posting, ERA (835), and financial reconciliation
- Optimize workflows to improve:
- Clean claim rate and first-pass yield
- Denial management and resolution
- Days in Accounts Receivable (A/R)
- Net collections and revenue leakage prevention
- Analyze and resolve billing discrepancies including underpayments, overpayments, and unapplied cash
- Ensure alignment between pharmacy systems, billing platforms, clearinghouses, and financial systems
Client Engagement & Product Collaboration
- Work closely with clients to gather and define RCM and operational requirements
- Translate client needs into business and system requirements for product development
- Provide business case justification for product enhancements
- Participate across the full lifecycle:
- Request for Proposal (RFP) responses and product demos
- Implementation, testing, and go-live
- Post-production support and optimization
- Partner with Product Managers on roadmap and knowledge sharing
Requirements & Process Analysis
- Elicit, document, and manage business and system requirements (BRDs, design documents)
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