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Pharmacy Business Analyst

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Orlando Health

21d ago

  • Job
    Full-time
    Junior Level
  • Logistics
    Healthcare
  • Orlando

AI generated summary

  • You must have a Bachelor’s degree or equivalent experience, plus 2 years in 340B, purchasing, or supply management, with expertise in pharmacy informatics and technology development preferred.
  • You will ensure 340B program compliance, oversee medication transfers, analyze purchasing reports, manage audits, and collaborate on strategy improvements for pharmacy operations.

Requirements

  • Bachelor’s degree required. Associate’s degree and two (2) years of directly related work experience may substitute for the Bachelor’s degree (in addition to the requirements listed in the Experience section). High School Diploma or equivalent and four years of directly related work experience may also substitute for the Bachelor’s degree (in addition to the requirements listed in the Experience section).
  • Offsetting experience must be in the field of 340B, purchasing or supply management.
  • Two (2) years related experience in 340B, purchasing or supply management. Demonstrated expertise in pharmacy informatics and technology development and ability to work with teams to achieve specific results is preferred.

Responsibilities

  • Provides vigilant oversight of the 340B program through internal audit functions.
  • Oversees borrowing and return of medications between departments and ensuring end of month transfers are handled correctly.
  • Responsible for preparing expense/purchasing reports with an analysis when requested.
  • Demonstrates knowledge and functionality of wholesaler and split billing software systems.
  • Responsible for oversight of pharmacy direct orders, backorders and purchasing strategies related to drug shortages.
  • Maintains NDC mapping and invoicing for all accounts in split billing software.
  • Assists pharmacy departments during annual inventories.
  • Executes business process walkthroughs, inquiries, claims, and documentation reviews to assess whether procedures and internal controls exist to comply with the 340B program requirements.
  • Collaborate with contract pharmacies to perform audits and assure they are used in a compliant and consistent manner with the 340B Program.
  • Reviews the split billing software system and performs transaction reviews to ensure that 340B eligible dispensations are accurately reflected in the system.
  • Assists the inpatient and outpatient pharmacy managers and buyers with ongoing 340B program compliance and education.
  • Prepares detailed reports on audit findings on a routine basis and conveys information regarding audit results effectively to the 340B Steering Committee.
  • Develops corrective action plans for adverse audit findings and executes them accordingly.
  • Proactively monitor pending rule changes and legislation that may impact the organization; collaborates with leadership to adapt to changes in the 340B Program.
  • Monitor and analyze purchasing contracts and vendor program offerings to identify opportunities to reduce the cost of pharmaceuticals.
  • Establish and maintain ongoing education for pharmacy departments to align and standardize processes.
  • Plan, implement and evaluate technology and information support systems to continuously improve the efficiency and effectiveness of pharmaceutical care and billing processes.
  • Maintains reasonably regular, punctual attendance consistent with Orlando Health policies, the ADA, FMLA and other federal, state and local standards.
  • Maintains compliance with all Orlando Health policies and procedures.

FAQs

What is the primary role of the Pharmacy Business Analyst?

The primary role of the Pharmacy Business Analyst is to coordinate internal 340B audits, manage compliance with the 340B Program, report findings, and supervise medication procurement and dispensing to achieve organizational goals.

What qualifications are required for this position?

A Bachelor’s degree is required, although an Associate’s degree with two years of relevant experience or a High School Diploma with four years of relevant experience may substitute for the degree.

Is licensure or certification required for the Pharmacy Business Analyst position?

No, there are no specific licensure or certification requirements for this position.

How many years of experience are needed for this role?

Two years of related experience in 340B, purchasing, or supply management are required for this role.

What type of auditing responsibilities will the Pharmacy Business Analyst have?

The Pharmacy Business Analyst will provide oversight of the 340B program through internal audits, assist during external audits, and review transaction accuracy within the split billing software system.

Will the Pharmacy Business Analyst collaborate with other teams?

Yes, the Pharmacy Business Analyst will collaborate with various teams, including pharmacy departments and contract pharmacies, to ensure compliance and education related to the 340B Program.

What kind of reports will the Pharmacy Business Analyst need to prepare?

The Pharmacy Business Analyst will prepare detailed reports on audit findings and expense/purchasing reports when requested.

Are there opportunities for continuous education within this position?

Yes, the Pharmacy Business Analyst is responsible for establishing and maintaining ongoing education for pharmacy departments to align and standardize processes.

What is the focus of the corrective action plans developed by the Pharmacy Business Analyst?

The corrective action plans focus on addressing adverse audit findings to ensure compliance with the 340B Program requirements.

Will the Pharmacy Business Analyst be involved in technology implementation?

Yes, the Pharmacy Business Analyst will plan, implement, and evaluate technology and information support systems to improve efficiency and effectiveness in pharmaceutical care and billing processes.

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Orlando Health

A trusted leader inspiring hope through the advancement of health.

Science & Healthcare
Industry
10,001+
Employees
1918
Founded Year

Mission & Purpose

Orlando Health is a not-for-profit healthcare organization with $7.6 billion of assets under management that serves the southeastern United States. Headquartered in Orlando, Florida, the system was founded more than 100 years ago.