Pay Range:$69,950.40 - $91,395.20
Scheduled Weekly Hours:40
Position OverviewSUMMARY (Basic Purpose of the Job)Manages and coordinates the financial aspects of the Pharmacy Service to include but not be limited to Procurement, Inventory controls, budget analytics, 340b Drug Discount Program, including oversight and coordination of the 340B drug purchasing, inventory processes, dispensing patterns, monthly reporting on savings opportunities, split billing software maintenance, contract Pharmacy relationships and monitoring of all areas of program compliance. As a member of the Clinical Operations and Finance leadership teams, works directly with The Pharmacy, Finance and Supply Chain to plan, organize the business aspects of the Pharmacy Department and operate the 340B Program to achieve department(s) and organizational goals, meet customer needs and assure high quality services and products.
MINIMUM REQUIREMENTSEducation:High school diploma. Bachelor's degree in Finance, Business or Accounting preferred. CPA with audit and internal audit experience preferred. CPhT preferred.
Experience:Previous experience in a health care setting with exposure to a pharmaceutical care.
Other Credentials:Knowledge and Skills:Organizational skills to meet deadlines and adapt to department needs. Experience working in an office environment. Self-motivated; ability to work well with interdisciplinary teams. Excellent communication skills to include oral and written comprehension at all levels. Ability and willingness to acquire and maintain knowledge of pharmaceutical and supply chain purchasing, medication terminology in an acute care and retail pharmacy health care settings.
Special Training:Advanced experience/skill with Personal Computers.
Mental, Behavioral and Emotional Abilities:Usual Work Day:8 Hours
Reporting RelationshipsDoes this position formally supervise employees? No
If set to YES, then this position has the authority (delegated) to hire, terminate, discipline, promote or effectively recommend such to manager.
ESSENTIAL FUNCTIONS- Manages and actively coordinates the 3408 Drug Program drug selection, ordering, procurement, inventory control, and monitoring. Processes. Integrates most current pricing from wholesaler, manufacturers and prime vendors and analyzes invoices, shipping, and inventory processes for the 340B Program.
- Maintains system databases to reflect changes in the drug formulary or product specifications and provides oversight for purchasing, receiving and inventory control processes.
- Monitors continuously the minimum and maximum product levels to effectively balance product availability and cost efficient inventory control per established policies and procedures.
- Assures compliance with 340B program requirements of qualified patients, drugs and locations throughout the organization and interfaces with governmental and 340B support agencies and routinely reviews and monitors all points of service for 340B and covered patients.
- Reviews and refines monthly 340B cost savings reports detailing purchases, replacement, dispensing practices, as well as ensures the 340B GPO exclusion rules are followed.
- Assures the institution is achieving maximum contract utilization of 340(b) pricing and cost savings through full participation in all qualified areas both outpatient and retail pharmacy.
- Prepares all policies, procedures and related approaches proactively to 340(b) in conjunction with the Pharmacy, Finance, Ethics and Compliance and Supply Chain Leadership teams, to assure full program compliance as prescribed by OPA, HRSA and the GAO agencies.
- Reviews and participates actively in all OPA publications and websites as well as professional media, literature and peers to assure the organization has current information related to interpretations, rulings and advanced ideas to improve participation.
- Manages and serves directly as the expert for the Split Billing Software in conjunction with the Pharmacy Buyer and the drug distribution vendor and Supply Chain software and programs.
- Analyzes Medicare and Medicaid Cost Data and Reports effectively in conjunction with the Clinical Operations Director of Finance, Pharmacy Director and Finance Departments to assure eligible patients are included in the program as defined.
- Develops monthly and annual reports on 340(b) participation and documents utilization, savings, problem areas and exceptions or discrepancies and provides written and oral reports to Executive, Pharmacy, Finance and Supply Leadership routinely.
- Monitors all service points to include drug product exclusions or shortages, establishing appropriate alternative products in conjunction with the Pharmacy Director and Pharmacy and Therapeutics Committee, appropriate therapeutic choice and generics, review of WAC pricing requirements and Prime Vendor Purchasing.
- Teams with pharmacy buyer on a regular basis to develop and gives direction on 340B strategies to increase savings while maintaining the drug supply at an appropriate level, especially as related to backorders, shortages and items with allocation.
- Updates and maintains the COM/crosswalk for new products and product changes in conjunction with the Pharmacy Team to insure accuracy. Performs and reports periodic spot audits and compliance assessments to assure CDM and billing integrity is achieved.
- Performs actively a thorough review of the 340B pricing list and program quarterly. Provides written reports of significant changes and recommends continuous improvements to the program.
- Works effectively with the Finance, Pharmacy and Supply Chain Leadership to review and recommend optimization of existing and new related business contracts for pharmaceutical and other related supplies and services.
PHYSICAL DEMANDS AND WORK ENVIRONMENTFrequent physical demands include:
Occasional physical demands include: Sitting , Standing , Walking , Climbing (e.g., stairs or ladders) , Carry objects , Push/Pull , Twisting , Bending , Reaching forward , Reaching overhead , Squat/kneel/crawl , Wrist position deviation , Pinching/fine motor activities , Keyboard use/repetitive motion , Talk or Hear
Continuous physical demands include:
Lifting Floor to Waist 10 lbs. Lifting Waist Level and Above 15 lbs.
Sensory Requirements include: Accurate Near Vision, Accurate Far Vision, Accurate Color Discrimination, Accurate Depth Perception, Accurate Hearing Anticipated Occupational Exposure Risks Include the following: Bloodborne Pathogens , Chemical , Airborne Communicable Disease , Extreme Temperatures , Radiation , Uneven Surfaces or Elevations , Extreme Noise Levels , Dust/Particulate Matter , Other (List)
This position is eligible for the following benefits:- Medical Plan
- Prescription drug coverage & In-House Employee Pharmacy
- Dental Plan
- Vision Plan
- Flexible Spending Account (FSA)
- Healthcare FSA
- Dependent Care FSA
- Retirement Savings and Investment Plan
- Basic Group Term Life and Accidental Death & Dismemberment (AD&D) Insurance
- Supplemental Group Term Life & Accidental Death & Dismemberment Insurance
- Disability Benefits - Long Term Disability (LTD)
- Disability Benefits - Short Term Disability (STD)
- Employee Assistance Program
- Commuter Transit
- Commuter Parking
- Supplemental Life Insurance
- Voluntary Life Spouse
- Voluntary Life Employee
- Voluntary Life Child
- Voluntary Legal Services
- Voluntary Accident, Critical Illness and Hospital Indemnity Insurance
- Voluntary Identity Theft Insurance
- Voluntary Pet Insurance
- Paid Time-Off Program
The pay range listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining base salary and/or rate, several factors may be considered including, but not limited to location, years of relevant experience, education, credentials, negotiated contracts, budget, market data, and internal equity. Bonus and/or incentive eligibility are determined by role and level.
The salary applies specifically to the position being advertised and does not include potential bonuses, incentive compensation, differential pay or other forms of compensation, compensation allowance, or benefits health or welfare. Actual total compensation may vary based on factors such as experience, skills, qualifications, and other relevant criteria.
