Director Pharmacy Business Services

Bassett Healthcare Network • Cooperstown, NY

135d • $102,897 - $154,336

About The Position

Are you looking to make a difference by improving the health of our patients? Here you will find an innovative culture that is patient-focused and dedicated to making a difference. We are committed to helping the population we serve, and our communities, achieve optimum health and enjoy the best quality of life possible. The Director of Pharmacy Business Services, receiving general direction from the Chief Pharmacy Officer, is responsible for setting direction and coordinating the business and finance activities of the Network Departments of Pharmacy. Drawing on a broad understanding of various pharmacy system operations models, practices, and policies, and displaying a high degree of initiative and independent judgment, the incumbent will collaborate closely with departmental and organizational leadership to continually assess and direct a wide range of issues, including operational, personnel, budgetary, facilities and systems issues, programmatic development, long-range planning and project development. The incumbent will work with clinical and non-clinical staff members to optimize operational and cost efficiencies wherever possible. Possesses a thorough knowledge of the regulatory environment as it relates to pharmacy Part B and Part D reimbursement and compliance, contract management, and 340B Pharmacy Operations. Requires discretion and judgment to organize priorities, complete tasks and handle confidential information responsible for providing to the overall strategic direction for the management of the pharmaceutical supply chain across Bassett Healthcare Network (BHN). Maintains appropriate working relationships with pharmacy leaders and executive leaders across the organization. Ensures the highest level of customer service and develops plans to continually upgrade service level. Serves as a primary contact for pharmaceutical sales representatives, vendors, and distributors. Allocates and assigns staff to meet departmental, institutional and organizational service needs. Directs and oversees the day-to-day pharmacy financials including but not limited to budgeting, benchmarking, purchasing, variances etc. Ensures effective compliance with the pharmacy budgets across the organization. Participates in development of annual pharmacy budgets and manages resources within budget guidelines. Establishes goals and objectives regarding continuous cost reduction initiatives through inventory management. Reviews, analyzes and recommends changes/enhancements to programs, processes, and policies to increase efficiency and effectiveness of pharmaceutical supply chain management across the system. Identifies inventory performance standards and ensures those standards are maintained throughout all pharmacies. Works collaboratively with the pharmacy management team and others across the organization to design and implement financial controls, analysis, operating systems, and internal controls in a manner consistent with corporate policies, procedures and compliance guidelines. Directs and oversees the supply chain management of pharmaceuticals across the system. Provides consultative support to planning initiatives through financial and management information analyses, reports, and recommendations. Participates in relevant internal and external committees. Coordinates the flow of financial and supply chain information throughout the pharmacy to ensure the appropriate individuals are involved in all matters. Maintains drug wholesaler data and manages pharmacy supply chain productivity indicators, and benchmarks. Ensures full participation in GPO agreements to maximize price savings, rebates, and commitments. Conducts pharmaceutical payor contracting for the organization, enrollment in PSAO group offerings, HIN number management, and third-party reconciliation oversight. Identifies opportunities to improve processes and enhance revenue capture. Oversees drug replacement and patient assistance programs. Performs other duties as assigned.

Requirements

• 4 Year/Bachelor's Degree in Accounting/Finance or related area and Master's Degree - Business Administration or Healthcare Administration, required.
• 4 Year/Bachelor's Degree and/or Doctorate Degree from an Accredited Pharmacy Program, preferred.
• Minimum 3 to 5 years' experience in healthcare, pharmacy management/operations, and finance, required.

Nice To Haves

• Experience in healthcare finance and pharmacy operations.
• Strong leadership and team-building skills.

Responsibilities

• Set direction and coordinate business and finance activities of the Network Departments of Pharmacy.
• Collaborate with departmental and organizational leadership on operational, personnel, budgetary, facilities and systems issues.
• Work with clinical and non-clinical staff to optimize operational and cost efficiencies.
• Maintain working relationships with pharmacy leaders and executive leaders.
• Ensure high levels of customer service and develop plans to upgrade service levels.
• Direct and oversee day-to-day pharmacy financials including budgeting, benchmarking, and purchasing.
• Participate in development of annual pharmacy budgets and manage resources within budget guidelines.
• Establish goals for continuous cost reduction initiatives through inventory management.
• Review and recommend changes to programs, processes, and policies for efficiency.
• Direct and oversee supply chain management of pharmaceuticals.
• Provide consultative support to planning initiatives through financial analyses and reports.
• Coordinate flow of financial and supply chain information throughout the pharmacy.
• Maintain drug wholesaler data and manage pharmacy supply chain productivity indicators.
• Conduct pharmaceutical payor contracting and manage third-party reconciliation oversight.

Benefits

• Paid time off, including company holidays, vacation, and sick time.
• Medical, dental and vision insurance.
• Life insurance and disability protection.
• Retirement benefits including an employer match.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Nursing and Residential Care Facilities
• Education Level: Master's degree