Pharmacy Business Manager

Nemours Children's Health • $90K — $120K *
Orlando, FL 32828In-Person
Pharmaceuticals & Biotech
Less than 5 years of experience
Reposted 5 days ago
Job Overview by Ladders

Qualifications

  • Master's Degree or higher required.
  • 3-5 years of relevant experience.
  • Strong background in business management, preferably in pharmacy.
  • Working knowledge of billing, budget preparation, and fiscal management.
  • Experience with 340B Program management.
  • Advanced proficiency in Microsoft Excel.

Responsibilities

  • Develop and maintain strategic financial plans for the Pharmacy Department.
  • Manage compliance with the 340B drug discount program, including policy development and auditing.
  • Oversee daily financial operations including billing and invoice processing.
  • Prepare and monitor departmental budgets and financial reports for leadership.
  • Analyze financial data to identify opportunities for cost savings and revenue enhancements.
  • Educate department staff and stakeholders on business processes and financial compliance.
  • Facilitate pharmacy charge master updates and ensure accuracy.

Benefits

  • Comprehensive health benefits.
  • Retirement savings options.
  • Professional development opportunities.
  • Supportive work culture focused on inclusion and community engagement.
  • Access to state-of-the-art healthcare facilities and resources.
Full Job Description
Job Description

Nemours Children's Health is seeking a Pharmacy Business Manager to join our Pharmacy team in Orlando, Florida.

The Pharmacy Business Manager will partner with and provide direct support to the Director of Pharmacy Operations and Support Services to develop and maintain strategic, operating and financial plans to accomplish the Enterprise Mission and departmental financial goals.

The Pharmacy Business Manager is responsible for planning, evaluating, coordinating, administering, implementing and reviewing of all pharmacy financial activities. These activities include the preparation of the expense and capital budgets, preparation of financial reports and statistics, analysis and assessment of financial benchmark data, assisting with the evaluation of new programs that could impact the finances of the pharmacy, and in collaboration with the Pharmacy Support Services Manager assist in the management of supply expenses. This position will manage daily financial business issues and challenges for the Pharmacy Department including the overall maintenance and accuracy of the pharmacy charge master and pharmacy charge capture, identify cost saving opportunities and support implementation of efficient business operations. The Business Manager collaborates with the Pharmacy Managers, 340B Compliance Analyst and the Pharmacy Purchasers on financial related issues.

The Pharmacy Business Manager is also responsible for the management and compliance of the 340B drug discount program as it relates to the rules and guidance set forth by HRSA Office of Pharmacy Affairs (OPA).
  • Manages and ensures compliance with the 340B drug discount program
    • Develops policy and procedures related to the 340B program
    • Performs both self-audits and external audits
    • Oversees maintenance of the split billing software
    • Oversees 340B drug purchasing and inventory processes
    • Assists with coordinating the development, implementation, and evaluation of new contract pharmacy business.
    • Identifies and investigates growth opportunities for the 340B program, including potential expansion efforts and possible relationship ventures
    • Facilitates 340B Committee Meetings
  • Oversees the daily financial business for the department including interdepartmental billing, charging, and invoice processing for accounts payable/receivable for the Inpatient Pharmacy, Outpatient Pharmacy and Investigational Pharmacy.
  • In collaboration with leadership, develop and monitor operational and capital budgets, including revenue, expenses and operating margins. Assists with preparation of executive summaries and schedules for presentation to hospital administration.
  • Develop and maintain business processes related to revenue and expenses. Prepare analyses, which reflect appropriate opportunities for revenue enhancement and expense control.
  • Maintain departmental compliance with departmental and organizational policies and procedures relating to expense reimbursements and payment processes, i.e. travel, dues, subscriptions.
  • Prepare cost analysis for specific programs, procedures, or activity as requested or as necessary. Assist in analysis for new pharmacy business ventures.
  • Review/coordinate/prepare detailed financial data reports that support department financial performance (including monthly financial responsibility summary) to assist department management. Work with Pharmacy Managers in resolving problems related to financial issues and practices as well as assist with financial contract reviews.
  • Serve as a Pharmacy educator and resource to department members, and other members of the hospital as related to business processes, financial systems, and pertinent policies and procedures as related to the Pharmacy department and the 340B drug discount program.
  • Analyze and interpret financial data and make recommendations regarding cost saving opportunities and participate in cost containment initiatives.
  • Works with Legal and Contracts to establish contracts and agreements for the Pharmacy Department. Maintains and annually reviews existing contracts for compliance.
  • Point person for the development of a uniform pharmacy charge master for NCH, Florida. Participates in the development of the NCH, Florida pharmacy system as it relates to the revenue cycle. Maintains the Pharmacy's Charge master for medications ensuring that they are updated timely and accurately with new medications and changes in medication pricing.
  • Works as an integral member of the Pharmacy Leadership Team.

Job Requirements
  • Master's Degree or higher required.
  • Minimum of three (3) to five (5) years experience required.
  • Business management experience required in similar position and/or proven track record of success with similar job functions required in this role (preferred pharmacy business related experience).
  • Must have working knowledge of billing, budget preparation, and fiscal management.
  • Must have experience with 340B Program management.
  • Advanced knowledge and abilities to utilize Microsoft Excel.

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About Nemours Children's Health

Nemours Children's Health Careers

There has never been a better time to explore the diverse job opportunities at Nemours Children's Health, a leading organization in pediatric healthcare. Nemours Children's Health is renowned for its commitment to innovation and excellence in child health services.

Work You’ll Do

Join Nemours Children's Health to assist in transforming pediatric healthcare and improving the lives of children across the nation. Nemours Children's Health stands at the forefront of medical innovation and patient care, making it an ideal environment for professionals looking to make a significant impact. Engage in meaningful work that combines cutting-edge technology, deep industry expertise, and a passion for enhancing children's health outcomes. Nemours Children's Health offers a unique position in the marketplace, enabling team members to lead in pediatric healthcare through advanced technology and innovative healthcare solutions. Collaborate with a dedicated team of healthcare professionals who are committed to driving change and fostering a culture of excellence and compassion.

Nemours Children's Health Employment Opportunities

The team is actively building its workforce to support and advance pediatric healthcare services. Nemours Children's Health offers a variety of positions, from clinical roles to administrative support, each contributing to the overarching goal of children's health and wellness.

Innovative Work and Career Growth

Nemours Children's Health is home to a vast network of healthcare professionals—each dedicated to pediatric care and committed to leadership and professional growth. The organization encourages continuous professional development and leadership training to ensure that team members are equipped to lead and innovate in their fields.

Be Part of a Diverse and Inclusive Team

Nemours Children's Health prioritizes diversity and inclusion, creating a welcoming environment where all team members can thrive. The organization offers diversity training and promotes a culture where different perspectives are valued and celebrated.

Future-Proof Your Career

Nemours Children's Health provides extensive support for career advancement, including professional development programs, certification support, and leadership training. The potential for growth within the organization is substantial, driven by a commitment to internal promotion and professional enrichment.

Explore Job Opportunities and Internships

Nemours Children's Health offers a range of job opportunities and internships, providing a pathway for those at the start of their careers to gain valuable experience in the healthcare industry. Positions are designed to harness the skills and enthusiasm of new entrants to the professional world, integrating them into a team that is passionate about children's health and well-being.

The Nemours Children's Health Network

By joining Nemours Children's Health, team members become part of a respected network known for its commitment to innovation and quality care. The collaborative environment ensures that all members have access to the tools and resources necessary to excel in their roles.

Stay Connected

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Search open positions that match your skills and interests. Nemours Children's Health looks for passionate, curious, creative, and solution-driven team players. SEARCH NEMOURS CHILDREN'S HEALTH JOBS

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