Pharmacy Business Manager

Nemours Children's Health; Orlando (FL); On-site; USD 90,000 - 120,000; Full time

Job summary

A pediatric health system in Orlando, Florida is seeking a Pharmacy Business Manager to oversee financial operations and compliance with the 340B drug discount program. The ideal candidate holds a Master's degree and has at least 3-5 years of relevant experience. Responsibilities include managing financial reports, budgets, and pharmacy operations, and developing policies related to pharmacy services. This position offers an opportunity to contribute significantly to pediatric healthcare management and innovation.

Qualifications

• Minimum 3-5 years experience in similar position
• Proven track record of success with job functions

Responsibilities

• Manage and ensure compliance with the 340B drug discount program
• Oversee daily financial business for the department
• Develop and monitor operational and capital budgets
• Analyze and interpret financial data to make recommendations

Skills

Business management experience

Experience with 340B Program management

Working knowledge of billing and fiscal management

Advanced knowledge of Microsoft Excel

Education

Master's Degree or higher

Job description

Overview

Nemours Children's Health is seeking a Pharmacy Business Manager to join our Pharmacy team in Orlando, Florida.

Located in Orlando, Fla., Nemours Children's Hospital is the newest addition to the Nemours integrated healthcare system. Our 130-bed pediatric hospital also features the area\'s only 24-hour Emergency Department designed just for kids as well as outpatient pediatric clinics including several specialties previously unavailable in the region. A hospital designed by families for families, Nemours Children\'s Hospital blends the healing power of nature with the latest in healthcare innovation to deliver world-class care to the children of Central Florida and beyond. In keeping with our goal of bringing Nemours care into the communities we serve, we also provide specialty outpatient care in several clinics located throughout.

The Pharmacy Business Manager will partner with and provide direct support to the Director of Pharmacy Operations and Support Services to develop and maintain strategic, operating and financial plans to accomplish the Enterprise Mission and departmental financial goals.

The Pharmacy Business Manager is responsible for planning, evaluating, coordinating, administering, implementing and reviewing of all pharmacy financial activities. These activities include the preparation of the expense and capital budgets, preparation of financial reports and statistics, analysis and assessment of financial benchmark data, assisting with the evaluation of new programs that could impact the finances of the pharmacy, and in collaboration with the Pharmacy Support Services Manager assist in the management of supply expenses. This position will manage daily financial business issues and challenges for the Pharmacy Department including the overall maintenance and accuracy of the pharmacy charge master and pharmacy charge capture, identify cost saving opportunities and support implementation of efficient business operations. The Business Manager collaborates with the Pharmacy Managers, 340B Compliance Analyst and the Pharmacy Purchasers on financial related issues.

The Pharmacy Business Manager is also responsible for the management and compliance of the 340B drug discount program as it relates to the rules and guidance set forth by HRSA Office of Pharmacy Affairs (OPA).

Responsibilities

• Manages and ensures compliance with the 340B drug discount program
  • Develops policy and procedures related to the 340B program
  • Performs both self-audits and external audits
  • Oversees maintenance of the split billing software
  • Oversees 340B drug purchasing and inventory processes
  • Assists with coordinating the development, implementation, and evaluation of new contract pharmacy business.
  • Identifies and investigates growth opportunities for the 340B program, including potential expansion efforts and possible relationship ventures
  • Facilitates 340B Committee Meetings
• Oversees the daily financial business for the department including interdepartmental billing, charging, and invoice processing for accounts payable/receivable for the Inpatient Pharmacy, Outpatient Pharmacy and Investigational Pharmacy.
• In collaboration with leadership, develop and monitor operational and capital budgets, including revenue, expenses and operating margins. Assists with preparation of executive summaries and schedules for presentation to hospital administration.
• Develop and maintain business processes related to revenue and expenses. Prepare analyses, which reflect appropriate opportunities for revenue enhancement and expense control.
• Maintain departmental compliance with departmental and organizational policies and procedures relating to expense reimbursements and payment processes, i.e. travel, dues, subscriptions.
• Prepare cost analysis for specific programs, procedures, or activity as requested or as necessary. Assist in analysis for new pharmacy business ventures.
• Review/coordinate/prepare detailed financial data reports that support department financial performance (including monthly financial responsibility summary) to assist department management. Work with Pharmacy Managers in resolving problems related to financial issues and practices as well as assist with financial contract reviews.
• Serve as a Pharmacy educator and resource to department members, and other members of the hospital as related to business processes, financial systems, and pertinent policies and procedures as related to the Pharmacy department and the 340B drug discount program.
• Analyze and interpret financial data and make recommendations regarding cost saving opportunities and participate in cost containment initiatives.
• Works with Legal and Contracts to establish contracts and agreements for the Pharmacy Department. Maintains and annually reviews existing contracts for compliance.
• Point person for the development of a uniform pharmacy charge master for NCH, Florida. Participates in the development of the NCH, Florida pharmacy system as it relates to the revenue cycle. Maintains the Pharmacy\'s Charge master for medications ensuring that they are updated timely and accurately with new medications and changes in medication pricing.
• Works as an integral member of the Pharmacy Leadership Team.

Qualifications

• Master\'s Degree or higher required.
• Minimum of three (3) to five (5) years experience required.
• Business management experience required in similar position and/or proven track record of success with similar job functions required in this role (preferred pharmacy business related experience).
• Must have working knowledge of billing, budget preparation, and fiscal management.
• Must have experience with 340B Program management.
• Advanced knowledge and abilities to utilize Microsoft Excel.