Pharmacy Analyst, 340B, On-Site

University of Maryland Medical System; Linthicum (MD); On-site; USD 60,000 - 80,000; Full time

Job summary

The University of Maryland Medical System is seeking a Pharmacy Analyst to coordinate and provide analytical support related to pharmacy operations. This role includes reviewing data for compliance, performing financial and operational analysis, and ensuring adherence to federal and state regulations.

Ideal candidates will have a Bachelor's degree related to healthcare or business administration, along with 4 years of relevant experience. The position requires proficiency in Microsoft Excel and familiarity with compliance in pharmacy-related areas.

Qualifications

• 4 years of experience in healthcare operations and/or analysis required.
• 5 years of experience preferred in healthcare operations or analysis.
• Experience in pharmacy-related healthcare administration or analysis preferred.

Responsibilities

• Coordinate and provide analytical support for the Department of Pharmacy.
• Review and analyze data for compliance discrepancies.
• Perform financial and operational analysis for various areas.
• Monitor compliance with federal and state laws related to medications.

Skills

Proficient in Microsoft Excel

Data analysis

Compliance monitoring

Financial analysis

Education

Bachelor's degree in healthcare or business administration

National Certification (CPhT)

Maryland Technician Registration

Job description

Overview

The Pharmacy Analyst coordinates and provides analytical support related to financial, operational, and/or compliance needs relating to the Department of Pharmacy. They may participate in, lead, or oversee special projects as assigned by departmental leadership. They are responsible for maintaining a baseline level of knowledge for the department on workflows and specific pharmacy-focused programs (these programs may include, but are not limited to, 340b rules and regulations, contracting, and licensing). They may be required to support existing and/or expansion of business opportunities as they relate to the Department of Pharmacy’s operations. They work with outside vendors and consultants as required to perform the above duties.

Specific responsibilities will be documented and retained internally by the Department of Pharmacy.

Responsibilities

• Proficient in Microsoft Excel and familiarity with exporting and utilizing data from queries, forms, reports, and macros.
• Review and analyze data to identify discrepancies in compliance within areas such as 340B, controlled and non-controlled medications, licensing, financial reporting, insurance contracting, and Drug Chain Supply Act.
• Investigate discrepancies to ensure resolution and escalation to the appropriate leadership and governing bodies; identify opportunities to improve operations, finances, or compliance.
• Perform financial and operational analysis for areas including controlled substances, licensing, invoicing, procurement, contracting, forecasting, and clinical support.
• Monitor compliance with federal and state laws and department/hospital policies related to 340B and/or controlled and non-controlled medications and/or other financial and operational objectives.
• Perform and submit audits, reports, and/or invoices upon request to department and/or hospital leadership and/or accounts payable.
• Work with and manage various vendors and their databases to ensure data integrity, reporting, and analysis.
• Perform all other duties as assigned.

Work Experience

The following statements describe the general nature and level of work performed by people in this classification; they are not to be construed as an exhaustive list of all responsibilities.

Education & Experience - Required

• Bachelor\'s degree; preferred in health care or business administration.
• 4 years of experience required in health care operations and/or analysis.

Education & Experience - Preferred

• National Certification (CPhT).
• 5 years of experience required in health care operations and/or analysis.
• Experience in pharmacy-related health care administration (e.g., 340B, regulatory compliance) and/or analysis.
• Maryland Technician Registration.