340B Program Analyst - Pharmacy Administration/Support - Hopewell - Full Time - Days (On-Site)

Capital Health System; Pennington (NJ); On-site; USD 70,000 - 91,000; Full time

Job summary

Capital Health System in New Jersey seeks a Pharmacy Finance Manager to oversee 340B drug program procurement, inventory control, and related budget analytics. You will coordinate 340B pricing, contract pharmacy relationships, and reporting to optimize savings while ensuring program compliance across the organization.

The role interfaces with Pharmacy, Finance, Ethics and Compliance, and Supply Chain leadership to align operations with organizational goals and high-quality service delivery.

Qualifications

• High school diploma.
• Bachelor's degree in Finance, Business or Accounting preferred.
• CPA with audit and internal audit experience preferred.
• CPhT preferred.

Responsibilities

• Manages and actively coordinates the 3408 Drug Program drug selection, ordering, procurement, inventory control, and monitoring.
• Analyzes invoices, shipping, and inventory processes for the 340B Program and maintains pricing.
• Maintains databases to reflect formulary changes and oversees purchasing and receiving.
• Monitors minimum and maximum product levels to balance availability and cost.
• Ensures 340B program compliance and interfaces with government and 340B support agencies.
• Prepares policies and procedures for 340(b) in conjunction with cross-functional teams.
• Reviews OPA publications to keep the organization informed on interpretations, rulings and advanced ideas.
• Serves as expert for the Split Billing Software with the team.

Skills

Organizational skills

Communication skills

Interdisciplinary teamwork

Pharmacy procurement

Education

High school diploma

Bachelor's degree in Finance, Business or Accounting

CPA with audit/internal audit experience

CPhT

Tools

Personal Computers

Job description

Position Overview

Capital Health is the region's leader in providing progressive, quality patient care with significant investments in our exceptional physicians, nurses and staff, as well as advanced technology. Capital Health is a dynamic health care resource accredited by the DNV that includes two hospitals, an outpatient center, satellite ED, and an expansive network of primary and specialty care. Capital Health Medical Group is made up of more than 600 physicians and other providers who offer primary and specialty care, as well as hospital-based services, to patients throughout the region.

Capital Health recognizes that attracting the best talent is key to our strategy and success as an organization. As a result, we aim for flexibility in structuring competitive compensation offers to ensure we can attract the best candidates.

The listed pay range or pay rate reflects compensation for a full-time equivalent (1.0 FTE) position. Actual compensation may differ depending on assigned hours and position status (e.g., part-time).

Pay Range: $69,950.40 - $91,395.20

Scheduled Weekly Hours: 40

SUMMARY (Basic Purpose of the Job) Manages and coordinates the financial aspects of the Pharmacy Service to include but not be limited to Procurement, Inventory controls, budget analytics, 340b Drug Discount Program, including oversight and coordination of the 340B drug purchasing, inventory processes, dispensing patterns, monthly reporting on savings opportunities, split billing software maintenance, contract Pharmacy relationships and monitoring of all areas of program compliance. As a member of the Clinical Operations and Finance leadership teams, works directly with The Pharmacy, Finance and Supply Chain to plan, organize the business aspects of the Pharmacy Department and operate the 340B Program to achieve department(s) and organizational goals, meet customer needs and assure high quality services and products.

MINIMUM REQUIREMENTS

• Education: High school diploma. Bachelor's degree in Finance, Business or Accounting preferred. CPA with audit and internal audit experience preferred. CPhT preferred.
• Experience: Previous experience in a health care setting with exposure to a pharmaceutical care.
• Other Credentials:
• Knowledge and Skills: Organizational skills to meet deadlines and adapt to department needs. Experience working in an office environment. Self-motivated; ability to work well with interdisciplinary teams. Excellent communication skills to include oral and written comprehension at all levels. Ability and willingness to acquire and maintain knowledge of pharmaceutical and supply chain purchasing, medication terminology in an acute care and retail pharmacy health care settings.
• Special Training: Advanced experience/skill with Personal Computers.
• Mental, Behavioral and Emotional Abilities:
• Usual Work Day: 8 Hours

Reporting Relationships

Does this position formally supervise employees? No If set to YES, then this position has the authority (delegated) to hire, terminate, discipline, promote or effectively recommend such to manager.

ESSENTIAL FUNCTIONS

• Manages and actively coordinates the 3408 Drug Program drug selection, ordering, procurement, inventory control, and monitoring.
• Processes.
• Integrates most current pricing from wholesaler, manufacturers and prime vendors and analyzes invoices, shipping, and inventory processes for the 340B Program.
• Maintains system databases to reflect changes in the drug formulary or product specifications and provides oversight for purchasing, receiving and inventory control processes.
• Monitors continuously the minimum and maximum product levels to effectively balance product availability and cost efficient inventory control per established policies and procedures.
• Assures compliance with 340B program requirements of qualified patients, drugs and locations throughout the organization and interfaces with governmental and 340B support agencies and routinely reviews and monitors all points of service for 340B and covered patients.
• Reviews and refines monthly 340B cost savings reports detailing purchases, replacement, dispensing practices, as well as ensures the 340B GPO exclusion rules are followed.
• Assures the institution is achieving maximum contract utilization of 340(b) pricing and cost savings through full participation in all qualified areas both outpatient and retail pharmacy.
• Prepares all policies, procedures and related approaches proactively to 340(b) in conjunction with the Pharmacy, Finance, Ethics and Compliance and Supply Chain Leadership teams, to assure full program compliance as prescribed by OPA, HRSA and the GAO agencies.
• Reviews and participates actively in all OPA publications and websites as well as professional media, literature and peers to assure the organization has current information related to interpretations, rulings and advanced ideas to improve participation.
• Manages and serves directly as the expert for the Split Billing Software in conjunction with t