Pharmacoeconomic Pharmacy Clinical Specialist

MUSC Health; South Carolina; On-site; USD 90,000 - 130,000; Full time

Job summary

The Pharmacoeconomic Pharmacy Clinical Specialist at Medical University Hospital Authority (MUHA) will work with the ICCE and Population Health to optimize drug use and costs across inpatient, outpatient, infusion and retail settings.

The role requires evaluating medications for formulary inclusion, understanding 340b rules, and developing workflows to support cost-effective therapies while engaging stakeholders for implementation.

Qualifications

• Bachelor's degree or equivalent.
• 6-8 years experience in pharmacoeconomics or related field.
• Experience evaluating medications for formulary inclusion in hospital/outpatient settings.
• Understanding of 340b rules and changes to pharmacy pricing policies.

Responsibilities

• Design and use economic models for inpatient, outpatient and infusion patients.
• Generate cost-effectiveness, budget impact models and other economic analyses.
• Interpret pharmacoeconomic data for formulary decisions and policy development.
• Participate in Pharmacy & Therapeutics Committee for economic analyses.
• Prepare presentations for internal and external stakeholders.
• Support development of the health economic strategy of the organization.
• Design health economic models and related materials for clinical submissions.
• Provide data collection and analysis to support cost-effectiveness studies.

Skills

Pharmacoeconomics

Cost-effectiveness

Health economics

Economic modeling

Stakeholder engagement

Lean/process improvement

Education

Bachelor's degree or equivalent

Job description

Job Description Summary

The primary responsibility of the Pharmacoeconomic Pharmacy Clinical Specialist is to direct and organize programs that identify, measure, and evaluate the cost and consequences of drug therapy to the health care system. The use of pharmacoeconomic analyses will be the primary tool to develop strategies including cost-minimization, cost-benefit, cost-effectiveness, cost-utility analyses, and drug-related adverse outcome avoidance. The goal of these analyses will compare various treatment options in terms of cost and patient outcomes. The Pharmacoeconomic Pharmacy Clinical Specialist will work collaboratively and integratively with the Pharmacy Integrated Center of Clinical Excellence (ICCE) and Population Health to optimize the use of medications in high-cost and high-volume care settings to include use, prescription, and dispensation in the inpatient, outpatient, infusion, and retail settings.

The ideal candidate will have experience evaluating medications in terms of their safety, efficacy, and cost effectiveness for inclusion on a formulary in both the hospital and outpatient settings, should understand 340b rules and regulations, and should be aware of changes to pharmacy pricing policies. S/he should be self-driven to identify medications for evaluation based on cost and utilization metrics, engaging key stakeholders in the evaluation of the various therapies, and proactive about creating operational workflows to support the use of the most preferred therapies.

Entity

Medical University Hospital Authority (MUHA)

Worker Type

Employee

Worker Sub-Type

Regular

Cost Center

CC002347 SYS - Population Health Program

Pay Rate Type

Salary

Pay Grade

Health-31

Scheduled Weekly Hours

40

Job Description

The primary responsibility of the Pharmacoeconomic Pharmacy Clinical Specialist is to direct and organize programs that identify, measure, and evaluate the cost and consequences of drug therapy to the health care system. The use of pharmacoeconomic analyses will be the primary tool to develop strategies including cost-minimization, cost-benefit, cost-effectiveness, cost-utility analyses, and drug-related adverse outcome avoidance. The goal of these analyses will compare various treatment options in terms of cost and patient outcomes. The Pharmacoeconomic Pharmacy Clinical Specialist will work collaboratively and integratively with the Pharmacy Integrated Center of Clinical Excellence (ICCE) and Population Health to optimize the use of medications in high-cost and high-volume care settings to include use, prescription, and dispensation in the inpatient, outpatient, infusion, and retail settings.

The ideal candidate will have experience evaluating medications in terms of their safety, efficacy, and cost effectiveness for inclusion on a formulary in both the hospital and outpatient settings, should understand 340b rules and regulations, and should be aware of changes to pharmacy pricing policies. S/he should be self-driven to identify medications for evaluation based on cost and utilization metrics, engaging key stakeholders in the evaluation of the various therapies, and proactive about creating operational workflows to support the use of the most preferred therapies.

Responsibilities

• Design, identify, and use economic models and value propositions for the use of medications for inpatients, outpatients and infusion patients.
• Generate cost-effectiveness, budget impact models, and other tools critical for advancing opportunities, achieving optimal contract positioning, pricing reimbursement, and insurance coverage as well as providing economic analysis with health care providers, insurers, patients and regulators.
• Interpretation of pharmacoeconomic data for formulary, therapeutic decision making and therapeutic policy development. Position requires a basic understanding of the methods, assumptions and limitations of patient measures including quality of life (QOL) data.
• Measurements of the effectiveness of different pharmaceutical agents and includes functions which involve assessment of the treated individual's quality of life.
• Participates in the Pharmacy & Therapeutics Committee to provide economic analysis of all agents reviewed for the inpatient and infusion settings.
• Analyzes claims, billing data, product literature and multiple internal and external data sources to identify or strengthen cost-effectiveness.
• Obtain appropriate source data inputs to design health economics analyses and models.
• Utilize data from a range of sources to generate economic value messages.
• Prepare presentations to support various internal and external stakeholders.
• Support the development of the health economic strategy of the organization.
• Design and develop health economic models, user interfaces and support materials for use in submissions to clinical customers.
• Responsible for implementing the technical components of health economic studies including proposal development, analysis and interpretation.
• Performs programming, statistical analyses and/or modeling and prepares required graphs, tables, and figures using the appropriate software tools.
• Responsible for statistical and technical support to clients and other members in the team.
• Provides regular reporting to Pharmacy and Population Health leadership and care team members.
• Accountable for the identification, measurement, and collection of data.
• Advises the Director of Pharmacy Support Services on designing new processes.
• Utilize process improvement tools and LEAN principles in designing and implementing new processes or process changes.

Minimum Qualifications

Education: Bachelors Degree or equivalent

Work Experience: 6-8 years

If you like working with energetic enthusiastic individuals, you will enjoy your career with us!

Medical University of South Carolina is an Equal Opportunity Employer. MUSC does not discriminate on the basis of race, color, religion or belief, age, sex, national origin, gender identity, sexual orientation, disability, protected veteran status, family or parental status, or any other status protected by state laws and/or federal regulations. All qualified applicants are encouraged to apply and will receive consideration for employment based upon applicable qualifications, merit and business need.

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