Pharmacy Business Manager

LCMC Health • New Orleans, LA

3d

About The Position

Your job is more than a job. GENERAL DUTIES Pharmacy Supply Chain Monitoring: Oversees the inventory process and verifies appropriate inventory levels are maintained and appropriate contracts are utilized. Maintains current information on government regulations and procedures affecting pharmaceuticals, hospital finance, and reimbursement procedures. Assists with agreement review, contract coordination, and ad hoc contract review. Financial/Budget: Assists with developing annual budget for the department and oversee adherence to the budget. Researches and analyzes purchasing trends. Explains and develops plan of action for variances. Assists with the development and implementation of any new programs by tracking associated drug costs. 340B Program Oversight: Assists with the purchasing of 340B qualifying pharmaceuticals, tracking utilization and verifying authenticity. Performs self-audits (as needed) of 340B data. Prepares for possible HRSA audit. Prepares cost analysis reports, tracks utilization variations and 340B volume. Assists with the development of 340B policies & procedures. Supervision: Demonstrates acceptable leadership skills and sets clear expectations for employees and maintains employee accountability with all hospital policies and procedures. Responsible for conducting performance evaluations and competency assessments in a timely manner through direct observation, reviewing documentation records and obtaining feedback from other staff. Reconciles timecards/demonstrates accurate and timely approval of employees' time records. Expense Monitoring: Reviews monthly medication expense, associated reports for trends, opportunities, and discrepancies. Reports on variances as requested by Finance. Prepares invoices for payment (as needed). Ensures appropriate billing practices are followed. Coordination of resources: Coordinates service and departmental planning and process improvement. Reviews proposed project initiatives strategic relevance and resource requirements and facilitates departmental prioritization. Completes special projects and ad hoc reports as requested.

Requirements

• Bachelor's degree in related field (Business, Healthcare, or Related Field
• 3 years of Healthcare Operations or Healthcare Business Management experience. (Master's degree will be considered in lieu of experience or completion of Master's within 6 months of hire.)

Nice To Haves

• Master’s degree in related fields (Business, Healthcare, or Related Field). eld)
• 5 years of Healthcare Operations or Healthcare Business Management experience.

Responsibilities

• Oversees the inventory process and verifies appropriate inventory levels are maintained and appropriate contracts are utilized.
• Maintains current information on government regulations and procedures affecting pharmaceuticals, hospital finance, and reimbursement procedures.
• Assists with agreement review, contract coordination, and ad hoc contract review.
• Assists with developing annual budget for the department and oversee adherence to the budget.
• Researches and analyzes purchasing trends.
• Explains and develops plan of action for variances.
• Assists with the development and implementation of any new programs by tracking associated drug costs.
• Assists with the purchasing of 340B qualifying pharmaceuticals, tracking utilization and verifying authenticity.
• Performs self-audits (as needed) of 340B data.
• Prepares for possible HRSA audit.
• Prepares cost analysis reports, tracks utilization variations and 340B volume.
• Assists with the development of 340B policies & procedures.
• Demonstrates acceptable leadership skills and sets clear expectations for employees and maintains employee accountability with all hospital policies and procedures.
• Responsible for conducting performance evaluations and competency assessments in a timely manner through direct observation, reviewing documentation records and obtaining feedback from other staff.
• Reconciles timecards/demonstrates accurate and timely approval of employees' time records.
• Reviews monthly medication expense, associated reports for trends, opportunities, and discrepancies.
• Reports on variances as requested by Finance.
• Prepares invoices for payment (as needed).
• Ensures appropriate billing practices are followed.
• Coordinates service and departmental planning and process improvement.
• Reviews proposed project initiatives strategic relevance and resource requirements and facilitates departmental prioritization.
• Completes special projects and ad hoc reports as requested.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager