340B Procurement Analyst

Medical University of South Carolina

About The Position

The 340B Procurement Analyst is responsible for the review, evaluation and standardization of the 340B Pricing Program drug purchasing, inventory, and split billing across all MUSC 340B subsidiaries. The 340B Procurement Analyst will perform complex analyses and reports to ensure compliance and financial viability in all areas of 340B purchasing for the system and will directly report to the System 340B Director.

Requirements

Bachelor’s degree in related field and / or high competency level and significant experience with pharmacy purchasing and 340B compliance / operations work
Knowledge and use of Excel.
Excellent organizational skills and demonstrated ability to work independently.
Must possess strong communication and written skills.
Ability to create and maintain relationships with multiple business partners and stakeholders.
Minimum of 3+ years applicable work experience with managing drug purchases as a pharmacy buyer, 340B program and interdepartmental billing

Responsibilities

Compile, standardize, aggregate, and analyze data to develop strategies for process enhancements and program modifications.
Develop and build predictive models and databases as needed for program maintenance and analysis.
Process, clean and verify the integrity of the data used for analysis.
Identify and analyze risk as it pertains to program compliance and financial trends.
Analyze monthly, quarterly and annual trends to identify and investigate irregularities or variances in prescribing, compliance, financial and other identified metrics related to the 340B Program.
Validate 340B prices for related programs and internal processes.
Improve and automate current manual processes to increase accuracy, productivity and reduce errors for 340B related processes when needed.
Develop and maintain technical processes for management and optimization of the 340B program.
Performs detailed project gap analyses between current and future state of 340B pharmacy systems and provides input to shape project plans that meet future state goals.
Create and distribute “scorecards” in key areas to member hospitals and system leadership, focusing on key areas of compliance and financial performance.
Assist and assess data submission request for 340B related audits.
Create and maintain related standard operating procedures.
Apply analytical processes to evaluate large 340B data sets to provide actionable insights and drive decision making for senior executives.
Maintain and report monthly program dashboards for key metrics such as 340B prescription capture, financial savings, reconciliation, and contract pharmacy utilization.
Convert data analysis results into clear and compelling narratives to inform and educate other departments including finance.
Assist with quarterly 340B compliance risk assessments for executive management and board committees to identify areas of potential exposure.
Keep abreast of 340B landscape to better contextualize 340B data and understand organization implications.
Represent the hospital at internal and external professional meetings
Respond to departmental analytical requests as it relates to pharmacy data and reporting solutions.
Collaborate with other departments to support cross-organizational projects and assist with quality improvement.
Familiar with data contained and required on Medicare Cost Report, Trial Balance and OPAIS.