The following statements reflect the general duties considered necessary to describe the principal functions of the job as identified and shall not be considered as a detailed description of all the work requirements, which may be inherent in the position.
Job Summary: The Pharmacy Analyst analyzes and monitors the purchasing, cost, and reimbursement for drugs used at Marshall Medical Centers, including, but not limited to the hospitals, Cancer Center, and the Retail Center. This position will work to assure compliance with 340B guidelines regarding purchasing and billing of drugs, as well as optimization of the 340B program and any other programs with an information technology and/or financial element.
Reports To: Director of Pharmacy Supervises: None
Some of the many skills performed
A. The Pharmacy Financial Analyst professional responsibility within their scope of practice:
Abides by and enforces all compliance requirements and policies and performs these responsibilities in an ethical manner consistent with the organization's values
Adheres to hospital policies including confidentiality
Requires regular and prompt attendance
Works the assigned schedule including overtime and special call as required
B. The Pharmacy Financial Analyst department responsibilities:
Requires minimal supervision to safely perform essential functions
Utilizes proper body mechanics when: moving equipment and/or supplies that are necessary to perform essential functions
Reports broken or malfunctioning equipment to department head
Operates personal computer to complete assigned tasks
Performs special projects and other work as assigned by management
Understands 340B Penny Buy, and implements and maintains a system for identification of opportunities of optimization
Understands WAC anomaly and implements and maintains a system for identification of opportunities of optimization
Considers WAC purchases and analyzes the reason for these purchases to identify improvement opportunities
Follows the Biosimilar market to identify potential cost savings associated with these medications and analyzes cost/reimbursement for potential conversions
Identifies opportunities for expansion of the analytic role
Understands, analyzes and can produce reports from the CPSI, McKesson, Retail, and Macrohelix Purchasing System.
Work with outside entities to understand potential savings and purchasing strategies
D. Contributes to the effective operation of the department
Organizes and prioritizes work assignments
Maintains logs, records and other required documentation to quantify gains/savings/cost avoidance associated with the position
Demonstrates good verbal and written communication
Keeps work areas clean, neat and well-organized. Keeps equipment clean
E. Participates in the quality improvement activities of the department and maintains programs related to purchasing
Performs and/or assists in audits as necessary to assure compliance with 340B rules and regulations
Maintain and update Macrohelix (340B), CPSI, and Omnicell as needed for implementation of improvement opportunities
Conducts quality monitors, collects data and completes documentation, as assigned.
F. Maintains competency required for current job title/position
Complete 340B education as needed to fully understand the program and how it relates to the system’s various parts
Participates in orientation, education and training programs. Reviews literature and other materials as assigned
Completes all competency/skills assessment requirements
G. Performs other duties as assigned by supervisor.
EDUCATION: â—High School Graduate or Equivalent â— BS/BA in Business Admin, Accounting, or hard Science Preferred, but not required
LICENSURE/CERTIFICATION: Registration/Certification with the Alabama Board of Pharmacy as a Pharmacy Technician preferred
SKILLS: â—High level computer skills required, including high level understanding of data manipulation â—Strong MS Excel skills required, MS Access
preferred; Must be a self-starter, looking for ways to improve process, willing to critically evaluate processes to identify areas for
improvement â— Information Technology background preferred â— 340B program familiarity preferred â— Financial Background preferred