Pharmacy Business Finance Manager
About The Position
The Pharmacy Business and Finance Manager provides leadership for financial planning, budgeting, analytics, and business operations across the Pharmacy Enterprise. As a strategic advisor to pharmacy leadership, the manager translates financial and operational data into actionable insights that support decision-making, service growth, operational improvement, and long-term financial sustainability. The role leads financial analysis and reporting, supports business planning and evaluation of pharmacy services, improves financial workflows and controls, and provides recommendations to pharmacy executives and organizational leaders. It also leads and develops assigned business, finance, and analytics staff and collaborates with pharmacy, finance, accounting, supply chain, revenue cycle, human resources, information solutions, and operational leaders.
Requirements
- PharmD or RPh, and MBA, MHA, or experience.
- Five years of progressive experience in healthcare finance, pharmacy business operations, budgeting, financial analysis, accounting, or business analytics.
- Experience with budgeting, forecasting, variance analysis, financial modeling, and executive reporting.
- Previous supervisory, team leadership, or project leadership experience.
- Advanced proficiency in Microsoft Excel and financial reporting tools.
- Strong financial, analytical, problem-solving, and strategic planning skills.
- Ability to interpret complex data and develop practical business recommendations.
- Effective executive communication, presentation, and relationship-management skills.
- Strong organizational skills and ability to manage multiple priorities and recurring deadlines.
- Demonstrated leadership, sound judgment, attention to detail, and commitment to data integrity.
- Ability to collaborate across clinical, operational, financial, and administrative teams.
- Additional job description specifies a bachelor's degree or equivalent education and/or relevant work experience, 10 years of progressive work experience, and 5 years of management experience.
Nice To Haves
- Master of Finance, Master of Accounting, or another relevant advanced degree.
- Active pharmacist licensure when required by the position’s scope.
- Experience within an academic medical center, integrated health system, or complex multi-site pharmacy enterprise.
- Experience with Axiom, Workday, Power BI, Tableau, or similar financial and analytics platforms.
- Knowledge of pharmacy reimbursement, pharmaceutical purchasing, specialty pharmacy, 340B, medication management, and contracting.
Responsibilities
- Lead monthly General Ledger reviews, budget-to-actual analyses, financial reconciliations, and variance reporting for pharmacy departments and cost centers.
- Coordinate annual operating and capital budgets, forecasts, accruals, journal entries, and period-end reporting.
- Develop executive dashboards, scorecards, key performance indicators, and recurring financial and operational reports.
- Analyze revenue, expenses, labor, drug spend, utilization, reimbursement, rebates, and high-cost medication trends.
- Develop pro formas, financial models, business plans, scenario analyses, capital requests, and FTE justifications.
- Evaluate the financial performance and sustainability of existing and proposed pharmacy services.
- Identify opportunities to increase revenue, improve margins, reduce costs, and optimize resources.
- Support financial analysis for specialty pharmacy, medication management services, 340B operations, supply chain, infusion, retail, and other pharmacy programs.
- Assess the potential financial impact of reimbursement, regulatory, manufacturer, and market changes.
- Establish standardized financial workflows, reporting practices, internal controls, and data-validation processes.
- Prepare decision-ready presentations and recommendations for pharmacy executives, finance committees, and organizational leadership.
- Lead and develop assigned business, finance, and analytics staff.
- Collaborate with Pharmacy, Finance, Accounting, Supply Chain, Revenue Cycle, Human Resources, Information Solutions, and operational leaders.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
