Sr. Associate Analyst, Pharmacy Collections

McKesson is an impact-driven, Fortune 10 company that touches virtually every aspect of healthcare. We are known for delivering insights, products, and services that make quality care more accessible and affordable. Here, we focus on the health, happiness, and well-being of you and those we serve – we care.

What you do at McKesson matters. We foster a culture where you can grow, make an impact, and are empowered to bring new ideas. Together, we thrive as we shape the future of health for patients, our communities, and our people. If you want to be part of tomorrow’s health today, we want to hear from you.

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 McKesson's 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, please click here.

Our Base Pay Range for this position

$24.83 - $41.39

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McKesson is an Equal Opportunity Employer

McKesson provides equal employment opportunities to applicants and employees, without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, disability, age, genetic information, or any other legally protected category. For additional information on McKesson’s full Equal Employment Opportunity policies, visit our Equal Employment Opportunity page.

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