5 years of experience in healthcare analytics or related fields
Experience in hospital or specialty pharmacy preferred
Strong background in financial analysis and operational metrics
Proficiency in business intelligence and data visualization tools
Responsibilities
Develop and manage Pharmacy operating and capital budgets
Monitor and audit financial performance metrics
Perform ad-hoc reporting and financial analyses
Oversee production of financial reports and present findings
Identify opportunities to improve revenue capture and billing accuracy
Implement process improvements for analytic deliverables
Build predictive models to enhance operational strategies
Benefits
Collaborative work environment with Pharmacy leadership
Opportunity to influence strategic decision-making
Access to advanced data visualization tools
Engagement with cross-functional teams
Potential for professional growth in healthcare analytics
Full Job Description
Job Posting Description
Position Summary The Senior Business Analyst is a key member of the Pharmacy team, responsible for building innovative analytic solutions that measure and improve all areas of Pharmacy performance. This position collaborates closely with Pharmacy leadership to define requirements and develop and deploy data-driven solutions, including reports, presentations, interactive dashboards, and predictive models. The Senior Business Analyst is a trusted partner that understands the interconnected strategic objectives of the Pharmacy, hospital, and Specialty Pharmacy to develop effective analytic solutions that drive financial and operational results. This position is involved in a variety of aspects related to Pharmacy, which include partnering with Finance, Information Technology, Revenue Cycle, Supply Chain, and other organizational stakeholders to develop enterprise-aligned analytical solutions and support strategic decision-making. The position will report to the Director of Business Operations, Pharmacy.
Key Responsibilities
Develops, monitors, and manages Pharmacy operating and capital budgets, including monthly budget targets, forecasts, variance analysis, and identification of corrective actions.
Monitors and audits department-level financial performance, including pharmaceutical expense,
drug utilization, revenue, and other key expense drivers.
Performs ad-hoc reporting, financial and statistical comparative analyses, variance analyses,
trend information, benchmarking, new program review, financial projections, and financial and
statistical models for Pharmacy and other stakeholders.
Oversees the production and analysis of regularly scheduled financial reports. Interprets,
reviews, summarizes, and presents financial results, identifying drivers and associated impact,
highlighting areas of concern and significant variances.
Prepares, analyzes, and distributes various advanced analytical reports for financial statement
processing and as necessary for meetings and committees.
Identifies and evaluates opportunities to improve Pharmacy revenue capture, reimbursement,
billing accuracy, and recovery of underpayments, including analysis of charge capture and
revenue-cycle processes.
Maintains in an organized manner all budget supporting back up. This includes budget journal
entries with documentation, and various report reconciliations
Assists other Pharmacy team members on their analysis to ensure consistency and alignment
of the department and hospital goals.
Serves as a subject matter expert in business intelligence and data visualization tools and
techniques, developing intuitive dashboards and visual analytics that enable leaders to evaluate
performance and make informed strategic decisions.
Ensures the accuracy, integrity, consistency, and appropriate definition of data used in
Pharmacy reporting and analytics; investigates and resolves data quality issues in collaboration
with appropriate stakeholders.
Implements process improvements and process automation to streamline and optimize the
production of ongoing analytic deliverables for the Pharmacy areas, especially the Specialty
Pharmacy.
Builds and implements predictive models that effectively use data to drive improvements in
targeting, segmentation, and messaging.
Develops, maintains, and enhances data repositories and analytical data sets supporting
Pharmacy operations.
Defines key data elements, data requirements, data collection methodologies, and data quality
standards to ensure accurate, reliable, and consistent reporting.
Provides positive and effective customer service that supports department and hospital operations.
Minimum Qualifications
Education:
Bachelor's degree
Experience:
5 years of related experience in healthcare analytics, operational analysis, business analysis, finance analytics, or a related role.
Experience in hospital pharmacy, specialty pharmacy, supply chain, or other healthcare operational setting is preferred
About Boston Children's Hospital
Boston Children's Hospital is a 404-bed comprehensive center for pediatric health care. As one of the largest pediatric medical centers in the United States, Children's offers a complete range of health care services for children from birth through 21 years of age. Boston Children's Hospital is home to the world's largest research enterprise based at a pediatric hospital. More than 1,100 scientists, including nine members of the National Academy of Sciences, 11 on-staff members of the Institute of Medicine and 9 members of the Howard Hughes Medical Institute. The hospital is also the primary pediatric teaching affiliate of Harvard Medical School.
