340B Program Analyst - Pharmacy Administration/Support - Hopewell - Full Time - Days

Capital Health•Hopewell, NJ

About The Position

The 340B Program Analyst manages and coordinates the financial aspects of Pharmacy Services, including procurement, inventory controls, budget analytics, and the 340B Drug Discount Program. The role oversees and coordinates 340B drug purchasing, inventory processes, dispensing patterns, monthly savings reports, split-billing software maintenance, contract pharmacy relationships, and monitoring of program compliance. As a member of the Clinical Operations and Finance leadership teams, the analyst works with Pharmacy, Finance, and Supply Chain to plan and organize the business aspects of the Pharmacy Department and operate the 340B Program. The position supports departmental and organizational goals, customer needs, and the delivery of high-quality services and products. The position does not formally supervise employees.

Requirements

High school diploma.
Previous experience in a health care setting with exposure to pharmaceutical care.
Organizational skills to meet deadlines and adapt to department needs.
Experience working in an office environment.
Self-motivation and ability to work well with interdisciplinary teams.
Excellent oral and written communication and comprehension skills at all levels.
Ability and willingness to acquire and maintain knowledge of pharmaceutical and supply-chain purchasing and medication terminology in acute-care and retail pharmacy settings.
Advanced experience or skill with personal computers.

Nice To Haves

Bachelor’s degree in Finance, Business, or Accounting preferred.
CPA with audit and internal audit experience preferred.
Certified Pharmacy Technician (CPhT) preferred.

Responsibilities

Manage and coordinate 340B drug selection, ordering, procurement, inventory control, and monitoring processes.
Integrate current wholesaler, manufacturer, and prime-vendor pricing, and analyze invoices, shipping, and inventory processes for the 340B Program.
Maintain system databases to reflect drug formulary and product-specification changes; oversee purchasing, receiving, and inventory-control processes.
Continuously monitor minimum and maximum product levels to balance product availability with cost-efficient inventory control under established policies and procedures.
Assure compliance with 340B requirements for qualified patients, drugs, and locations; interface with governmental and 340B support agencies and routinely review and monitor service points.
Review and refine monthly 340B cost-savings reports covering purchases, replacement, and dispensing practices; ensure 340B GPO exclusion rules are followed.
Promote maximum contract utilization of 340B pricing and cost savings across qualified outpatient and retail pharmacy areas.
Prepare 340B policies, procedures, and related approaches with Pharmacy, Finance, Ethics and Compliance, and Supply Chain leadership to support compliance with OPA, HRSA, and GAO requirements.
Review OPA publications, websites, professional media, literature, and peer information to keep the organization current on interpretations, rulings, and program improvements.
Manage and serve as the expert for split-billing software in coordination with the Pharmacy Buyer, drug distribution vendor, and Supply Chain software and programs.
Analyze Medicare and Medicaid cost data and reports with Clinical Operations Finance, Pharmacy, and Finance leaders to ensure eligible patients are included in the program.
Develop monthly and annual reports on 340B participation, utilization, savings, problem areas, and exceptions or discrepancies; provide routine written and oral reports to executive, Pharmacy, Finance, and Supply leadership.
Monitor service points for product exclusions and shortages; establish alternatives with the Pharmacy Director and Pharmacy and Therapeutics Committee, and review therapeutic choices, generics, WAC pricing requirements, and prime-vendor purchasing.
Work regularly with the pharmacy buyer to develop and direct 340B strategies that increase savings while maintaining appropriate drug supplies, particularly for backorders, shortages, and allocated items.
Update and maintain the COM/crosswalk for new products and product changes with the Pharmacy team.
Conduct and report periodic spot audits and compliance assessments to support CDM and billing integrity.
Thoroughly review the 340B pricing list and program quarterly; report significant changes and recommend continuous improvements.
Work with Finance, Pharmacy, and Supply Chain leadership to review and recommend optimization of existing and new pharmaceutical and related-supply and service contracts.