Pharmacy Business Analyst

Norman Regional Health System•Norman, OK

13h

About The Position

The Pharmacy Business Analyst analyzes pharmacy financial, operational, procurement, reimbursement, and drug utilization data to support budgeting, cost management, margin optimization, 340B program monitoring, and business intelligence across inpatient and outpatient pharmacy services. The role develops reports, forecasts, and analytical tools to support pharmacy leadership decision-making and financial performance. The analyst supports pharmacy budgeting and financial analysis; 340B monitoring and audit readiness; margin and revenue analysis; cost containment and utilization analysis; and business intelligence reporting. The role collaborates with pharmacy leadership, Finance, Revenue Cycle, Supply Chain, Information Technology, and other stakeholders on financial analysis, forecasting, process improvement, and strategic initiatives. Analysts may have designated primary areas of emphasis but are expected to support all functions within the job profile and provide cross-coverage as needed.

Requirements

Strong analytical, quantitative, critical-thinking, and problem-solving skills, with attention to detail and data accuracy.
Advanced proficiency in Microsoft Excel and Microsoft Office applications.
Effective written, verbal, and presentation skills, with the ability to communicate findings to clinical, operational, and financial stakeholders.
Ability to manage multiple priorities, work independently and collaboratively, maintain appropriate documentation, and support cross-functional analytical responsibilities.

Nice To Haves

Bachelor's degree in finance, accounting, business analytics, business administration, healthcare administration, health informatics, or an equivalent combination of education and experience.
Three years of relevant professional experience in healthcare analytics, financial analysis, pharmacy operations, 340B regulations, or business intelligence.
Apexus 340B-related certification or relevant data analytics, financial analysis, or business intelligence certification.
Knowledge of basic accounting, budgeting, financial reporting, forecasting, data reconciliation, and dashboard development.
Knowledge of pharmacy purchasing, drug utilization, reimbursement, margin analysis, and healthcare financial systems.
Familiarity with 340B program operations, split-billing software, electronic health records, pharmacy systems, and wholesaler platforms.

Responsibilities

Support inpatient and outpatient pharmacy budgeting, monthly budget-to-actual analysis, variance investigation, financial forecasting, and expenditure monitoring.
Identify financial trends, explain variances, and communicate findings to pharmacy leadership.
Analyze 340B purchasing, utilization, and split-billing data to identify discrepancies and potential compliance concerns.
Support 340B reconciliation, routine monitoring, audit readiness, documentation, and exception tracking in collaboration with the 340B Program Manager.
Analyze financial performance for high-cost outpatient medications, specialty pharmacy, infusion services, and other applicable pharmacy operations.
Evaluate drug acquisition costs, reimbursement, payer performance, denials, and other factors affecting margins; partner with Finance and Revenue Cycle to identify improvement opportunities.
Evaluate drug expenditures, purchasing trends, medication utilization, inventory, and contract performance to identify cost-saving opportunities.
Support financial assessments of formulary changes, purchasing arrangements, and operational improvement initiatives.
Develop and maintain reports, dashboards, key performance indicators, and forecasting models to monitor pharmacy financial and operational performance.
Validate data accuracy, improve reporting processes, and translate complex information into actionable insights.
Collaborate with pharmacy leadership, Finance, Revenue Cycle, Supply Chain, Information Technology, and other stakeholders on financial analysis, forecasting, process improvement, and strategic initiatives.
Support functions across the job profile and provide cross-coverage as needed.