Pharmacy Financial Analyst

RWJBarnabas Health

West Orange (NJ)

On-site

USD 62,000 - 88,000

Full time

11 days ago

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Benefits offered by this job

Paid Time Off

Retirement Plans

Medical Insurance

Dental and Vision Insurance

Tuition Reimbursement

Job summary

RWJBarnabas Health is seeking a Pharmacy Financial Analyst to maximize cost savings and contract compliance across its 12 hospital sites. You will leverage our data analytics platform, partner with the GPO vendor and Pharmacy Leadership, and actively audit pricing to recover overcharges and optimize purchasing strategies.

Your work translates complex pharmacy data into actionable financial insights for executive leadership, supporting strategic decisions and cost containment across the system.

Qualifications

Bachelor's degree in finance, business, healthcare administration, or related field.
2+ years experience in healthcare finance, pharmacy purchasing, supply chain, or revenue cycle.
Ability to analyze financial data, vendor invoices, and purchase history.

Responsibilities

Monitor contract pricing daily to identify anomalies and track overcharges.
Identify lower-cost NDCs, ensure buyer compliance, and issue weekly savings directives.
Verify GPO/340B pricing tiers and submit contract corrections to wholesalers.
Validate ATP savings projections and reconcile FIA reports.
Own reporting rhythm with weekly compliance summaries and monthly executive scorecards.

Skills

Excel

Pivot tables

Data manipulation

Outlook

SQL

Education

Bachelor's degree in finance or related field

Tools

SQL

Job description

Req #: 0000258269

Category: Revenue Cycle and Patient Access

Status: Full-Time

Shift: Day

Facility: RWJBarnabas Health Corporate Services

Department: Performance Improvement

Pay Range: $62,476.00 - $88,248.00 per year

Location: 95 Old Short Hills Road, West Orange, NJ 07052

Job Title: Financial Analyst

Location: SBC Corporation

Department Name: Performance Improvement

Req #: 0000258269

Status: Salaried

Shift: Day

Pay Range: $62,476.00 - $88,248.00 per year

Pay Transparency

The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.

The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.

Setting The Stage

We are seeking a data-driven Pharmacy Financial Analyst to maximize cost savings and contract compliance across our 12 hospital sites.

Utilizing our data analytics platform and partnering directly with our GPO vendor and Pharmacy Leadership, you will actively audit pricing, recover overcharges, and optimize purchasing strategies.

This role directly impacts our bottom line by translating complex pharmacy data into actionable financial reports for executive leadership.

As a Pharmacy Finanical Analyst A Typical Day might include:

Monitoring contract pricing daily to identify anomalies, submit formal overcharge claims, and track recovered funds
Identifying lower-cost NDC equivalents, track buyer compliance, and deliver weekly saving directives to the VP of Pharmacy Operations
Verifying GPO/340B pricing tiers and submit systematic contract corrections to our wholesaler vendor
Validating Authorization to Proceed (ATP) savings projections and perform Financial Impact Agreement (FIA) reconciliation reports
Owning the reporting rhythm, including compiling weekly compliance summaries and monthly Executive Scorecards for VP of finance and CFOs

This Role Might Be For You If Have

Strong proficiency in Microsoft Office, particularly Outlook and Excel, including data manipulation, pivot tables, and lookup functions

To Be Considered For This Opportunity

Education Required: Bachelor s degree in finance, Business, Healthcare Administration, or a related field. Experience: 2+ years experience in healthcare finance, pharmacy purchasing, supply chain, or revenue cycle. Understanding of pharmaceutical pricing structures, including WAC, GPO contracts, and 340B programs. Proven ability to analyze financial data, vendor invoices, and purchase history reports. Strong skills in translating complex financial or analytical data into clear insights for leadership. High attention to detail with the ability to manage multiple projects and prioritize tasks by financial impact.

Experience Preferred: Apexus Certified 340B Expert (ACE) credential or active pursuit; completion expected within 12 months of hire. Experience working with a healthcare system, integrated delivery network (IDN), GPO, or pharmaceutical wholesaler. Familiarity with specialized pharmacy procurement analytics tools or data visualization software like Tableau. Background analyzing NDC-level purchasing or managing contract compliance. Experience collaborating across multiple departments and implementing process improvement methodologies. Advanced proficiency in writing and running complex database queries (e.g. SQL) to extract, manipulate, and analyze massive health system data sets.

Benefits And Perks

At RWJBarnabas Health, our employees are at the heart of everything we do. Driven by our Total Wellbeing promise, our market-competitive offerings include comprehensive benefits and resources to support our employees’ physical, emotional, financial, personal, career, and community wellbeing.

These benefits and resources include, but are not limited to:

Paid Time Off including Vacation, Holidays, and Sick Time
Retirement Plans
Medical and Prescription Drug Insurance
Dental and Vision Insurance
Disability and Life Insurance
Paid Parental Leave
Tuition Reimbursement
Student Loan Planning Support
Flexible Spending Accounts
Wellness Programs
Voluntary Benefits (e.g., Pet Insurance)
Community and Volunteer Opportunities
Discounts Through our Partners such as NJ Devils, NJ PAC, and Verizon
….and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey—whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.

Equal Opportunity Employer

At RWJBarnabas Health, our market-competitive Total Rewards package provides comprehensive benefits and resources to support our employees physical, emotional, social, and financial health.