Pharmacy Analyst, 340B

University of Maryland Medical System•Linthicum Heights, MD

About The Position

The Pharmacy Analyst coordinates and provides analytical support related to financial, operational, and/or compliance needs relating to the Department of Pharmacy. This role may participate in, lead, or oversee special projects as assigned by departmental leadership. The analyst is responsible for maintaining a baseline level of knowledge for the department on workflows and specific pharmacy-focused programs, which may include 340b rules and regulations, contracting, and licensing. The position may also be required to support existing and/or expansion of business opportunities as they relate to the Department of Pharmacy’s operations and will work with outside vendors and consultants as required.

Requirements

Proficient in Microsoft Excel.
Familiarity and capabilities to export and utilize data from queries, forms, reports and macros.
Bachelor's degree in health care or business administration.
Years of experience required in health care operations and/or analysis.

Nice To Haves

National Certification (CPhT).
5 years of experience in health care operations and/or analysis.
Experience in pharmacy-related health care administration (e.g., 340B, regulatory compliance) and/or analysis.
Maryland Technician Registration.

Responsibilities

Coordinates and provides analytical support related to financial, operational, and/or compliance needs for the Department of Pharmacy.
Participates in, leads, or oversees special projects as assigned by departmental leadership.
Maintains a baseline level of knowledge for the department on workflows and specific pharmacy-focused programs (e.g., 340b rules and regulations, contracting, licensing).
Supports existing and/or expansion of business opportunities related to the Department of Pharmacy’s operations.
Works with outside vendors and consultants as required.
Reviews and analyzes data to identify discrepancies in compliance within areas such as 340B, controlled and non-controlled medications, licensing, financial reporting, insurance contracting, and Drug Chain Supply Act.
Investigates discrepancies to ensure resolution and escalation to appropriate leadership and governing bodies.
Identifies opportunities for operational, financial, or compliance improvements through analysis.
Performs financial and operational analysis for various areas including controlled substances, licensing, invoicing, procurement, contracting, forecasting, and clinical support.
Monitors compliance with federal and state laws and department/hospital policies and procedures related to 340B, controlled/non-controlled medications, and other financial/operational objectives.
Performs and submits audits, reports, and/or invoices upon request to department/hospital leadership and/or accounts payable.
Manages vendors and/or their databases to ensure data integrity, reporting, and analysis.
Performs all other duties as assigned.