340B Analyst

Beacon Health System • Granger, IN

71d

About The Position

Reports to the 340B Program Manager or designee. The 340B Program Analyst serves as a key resource and subject matter expert for all aspects of the organization's 340B Drug Program. This role is responsible for conducting detailed analyses, monitoring compliance, and supporting the operational, financial, and regulatory components of the 340B program. The Program Analyst evaluates processes, identifies areas for improvement, and recommends strategies to optimize 340B program performance while ensuring full compliance with federal, state, and organizational policies.

Requirements

• Successful completion of an Associates Degree.
• Certification which relates to the associates field of specialty is preferred.
• Minimum 3 years of experience in pharmacy, healthcare finance, supply chain, or related field.
• Strong background in data analysis, contract management, and/or pharmacy purchasing and inventory.
• Familiarity with HRSA/OPA, state/federal 340B regulations, and DSCSA guidelines preferred.
• 340B University Training Required, additional Apexus Certifications (Apexus Advanced 340B Operations Certificate) preferred.

Responsibilities

• Ensures the 340B program maintains continuous compliance with all federal regulations, including HRSA and OPA guidelines.
• Monitors ongoing changes in 340B regulations and policies; assists with updates to organizational policies and practices to reflect changes.
• Develops and fosters internal and external relationships essential to program success (accounting, compliance, IT, legal, wholesalers, manufacturers, PBMs, TPAs).
• Conducts regularly scheduled and ad-hoc audits of 340B operations, including contract pharmacy and internal pharmacy self-audits.
• Ensure compliance with 340B Program requirements for qualified patients, drugs, and locations.
• Evaluate patient eligibility for qualified and non-qualified patients in mixed-use areas and clinics by reviewing patient medical records, insurance plans, and, if applicable, hospital status.
• Coordinates and performs internal and external audits, including self-audits, external vendor reviews, and HRSA audits, with appropriate follow-up and action plans.
• Monitor and audit state Medicaid claims to ensure compliance to prevent potential duplicate discount rebates.
• Analyzes and documents utilization, savings, exceptions, and compliance issues.
• Develops and maintains comprehensive reporting tools to monitor 340B utilization, compliance, savings, and potential risks.
• Provides scheduled and ad hoc reports to pharmacy leadership, administration, and 340B Oversight Councils.
• Tracks, trends, and analyzes purchasing and dispensing patterns, ensuring corrective actions as needed.
• Identifies, evaluates, and implements opportunities for cost savings, efficiency improvements, and program growth.
• Provides strategic input on the development of contract pharmacy relationships and outpatient 340B-eligible services.
• Leads optimization of split-billing/third-party administrator systems to ensure accurate purchasing and replenishment.
• Collaborates with manufacturers, wholesalers, and vendors to ensure proper program utilization and contract opportunities.
• Supports leadership in business plan development and action planning related to 340B services.
• Participates in committees, workgroups, and projects to improve organizational pharmacy services and 340B integration.
• Reviews and offers recommendations on all 340B-related contracts, including contract pharmacies and TPAs, while ensuring compliance and alignment with program requirements.
• Coordinates and monitors contract pharmacy compliance, billing services, and audit processes.
• Oversees 340B purchasing processes to ensure compliant and cost-effective procurement.
• Monitors replenishment processes for 340B-eligible medications.
• Tracks and reconciles 340B and non-340B inventory, resolving discrepancies and ensuring accurate records.
• Monitors for product shortages, pricing changes, and formulary adjustments, working with pharmacy and medical staff as needed.
• Maintains databases to reflect current formulary and contract specifications.
• Analyzes purchasing data to identify cost-saving opportunities and ensures proper utilization of 340B savings.
• Analyze invoices, shipping, and inventory processes.
• Comply with all track-and-trace legal requirements of the Drug Supply Chain Security Act for purchasing and distribution of drug products.
• Ensures effective use and optimization of split-billing/TPA software for mixed-use and outpatient areas.
• Educates buyers and staff on correct account usage (WAC, GPO, 340B, non-340B) for inventory replenishment.
• Coordinates inventory processes and supports system maintenance.

What This Job Offers

• Industry: Religious, Grantmaking, Civic, Professional, and Similar Organizations
• Education Level: Associate degree
• Number of Employees: 5,001-10,000 employees