340B Revenue Specialist

Resource Center; Dallas (TX); On-site; USD 60,000 - 90,000; Full time

Job summary

Resource Center in Dallas, TX is seeking a 340B Revenue Specialist to transfer data from EcW into Sage Intacct, process third-party administrator payments, and support the Director of Finance Technology & Data Resources in 340B revenue recognition.

The role involves importing monthly revenue activity, recording expense estimates, and ensuring scripts are paid or appropriately written off. Strong Excel skills, attention to detail, and solid process management are essential.

Qualifications

• Strong process management and time management skills.
• Attention to detail and accuracy in data capture.
• Proficiency in Microsoft Excel and other Microsoft products.

Responsibilities

• Data Import: Access data to capture monthly revenue activity and record drug expense estimates.
• Revenue Verification and Reconciliation: Confirm revenue estimates tie back to EcW and that reversals are recorded.
• Communication and Coordination: Communicate data inconsistencies with program staff and DFT; ensure import accuracy.
• General Ledger Support: Assist in accurate recognition of agency 340B revenue and related controls.

Skills

Process management

Time management

Attention to detail

Excel

Tools

Microsoft Excel

Job description

Reports to: Director of Finance Technology & Data Resources

Position Overview:

The 340B Revenue Specialist is responsible for the data transfer from the agency’s electronic medical records system (EcW), into Sage Intacct, and processing payment data from third-party administrators (TPAs). This role supports the Director of Finance Technology & Data Resources (DFT), in all aspects of 340B data recognition and is responsible for consistently following existing protocols for 340B revenue & payment recognition. The 340B Revenue Specialist will assist in analyzing & reporting outstanding scripts and is required to follow up, as needed, to ensure qualified scripts are reimbursed.

Job Duties & Responsibilities:

Data Import:

• Access data to capture monthly revenue activity, as revenue estimates for 340B
• Record drug expense estimate, based on revenue entry, to recognize inventory reduction.
• Recognize 340B inventory purchases clearing the Pharmacy bank account. Coordinate with DFT, to true up inventory general ledger, to TPA inventory.
• Utilize TPA payment data to create reversal of applicable revenue estimates, and entry of revised, actual revenue (net adjustment) in the current open month.
• Record dispensing and administrative fees from TPAs.
• Record payment information from TPA and apply to script-level receivables.
• Analyze outstanding and unpaid scripts. Follow through to complete script qualifications and/or to communicate to TPA, for additional information.
• Work with DFT to ensure that all scripts are paid, or written off.
• Assist in the creation and reporting of KPIs related to 340B, as requested.

Revenue Verification and Reconciliation:

• Confirm revenue estimates tie back to EcW, reflecting revenue in the month of the medical appointment.
• Confirm revenue estimate reversals and revised revenue are recorded in the open month.
• Confirm general ledger TB for inventory, to total TPA inventory.

Communication and Coordination:

• Communicate with program staff regarding data inconsistencies or discrepancies.
• Communicate with DFT, or contractors (APIs), to ensure accuracy of imports.
• Ensure data transfer occurs with little or no modification, from the original source to Sage Intacct. Report to DFT, any instances where manual edits are required.
• Maintain adherence to data capture & import processes, & security protocols.

General Ledger Support:

• Assist DFT, in all aspects related to accurate recognition of agency 340B revenue, as reported in agency financial statements.
• Complete analysis activities and special projects assigned by the DFT or CFO.
• Develop a clear understanding of key individual accounting controls related to data capture, revenue recognition, and accounts receivable.

Job Requirements & Qualifications:

• Have a clear understanding of 340B and complete necessary training to understand compliance with 340B regulations, as it relates to Resource Center programs.
• Strong process management and time management skills.
• Attention to detail and accuracy in data capture.
• Proficiency in Microsoft Excel and other Microsoft products.