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

Capital Health (US)•Hopewell, NJ

3d•$69,950 - $91,395

About The Position

The 340B Program Analyst manages and coordinates the financial and operational aspects of Pharmacy Services, including procurement, inventory controls, budget analytics, and the 340B Drug Discount Program. The role oversees 340B drug purchasing, inventory processes, dispensing patterns, monthly savings reports, split-billing software, contract pharmacy relationships, and program compliance. As a member of the Clinical Operations and Finance leadership teams, the analyst works with Pharmacy, Finance, and Supply Chain to organize the business operations of the Pharmacy Department and support organizational goals, customer needs, and high-quality services and products.

Requirements

High school diploma.
Previous experience in a healthcare 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 effectively 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.
CPA with audit and internal audit experience.
Certified Pharmacy Technician (CPhT).

Responsibilities

Coordinate 340B drug selection, ordering, procurement, inventory control, and monitoring; analyze pricing, invoices, shipping, and inventory processes.
Maintain system databases for formulary and product changes and oversee purchasing, receiving, and inventory controls.
Monitor minimum and maximum product levels to balance availability and cost-efficient inventory.
Ensure compliance with 340B requirements for eligible patients, drugs, and locations, and interface with governmental and 340B support agencies.
Review points of service for 340B and covered patients and refine monthly savings reports on purchases, replacements, and dispensing practices.
Ensure 340B GPO exclusion rules are followed and maximize contract utilization and cost savings in qualified outpatient and retail pharmacy areas.
Develop policies, procedures, and 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 informed about current program interpretations and practices.
Serve as the subject matter expert for split-billing software in coordination with the Pharmacy Buyer, drug distribution vendor, and Supply Chain.
Analyze Medicare and Medicaid cost data and reports with Clinical Operations, Pharmacy, and Finance leaders to identify eligible patients.
Prepare monthly and annual reports on 340B participation, utilization, savings, problem areas, exceptions, and discrepancies, and present written and oral reports to leadership.
Monitor service points for product exclusions and shortages and coordinate alternative products, therapeutic choices, generics, WAC pricing requirements, and prime vendor purchasing.
Work with the pharmacy buyer to develop 340B strategies that increase savings while maintaining appropriate drug supply, including for backorders, shortages, and allocated products.
Update and maintain the COM/crosswalk for new products and product changes, and conduct periodic audits and compliance assessments to support CDM and billing integrity.
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 improvements to existing and new contracts for pharmaceutical and related supplies and services.