340B Analyst

Department/Unit:

Pharmacy

Work Shift:

Day (United States of America)

Salary Range:

$71,612.39 - $110,999.20The 340B Analyst is responsible for advising, establishing, and helping to implement the outpatient prescription qualification/audit process in conjunction with the 340B Compliance Specialist. This individual will need to independently identify compliance and reconciliation improvement opportunities as well as establish a customized audit plan and structure based on the requirements of the 340B program. This person will extensively audit prescription claims and report findings while making recommendations for program compliance improvement. The 340B Analyst will develop and maintain supervisory-level purchasing and inventory monitoring metrics and controls for all Albany Med pharmacy sites. The analyst will manage, monitor and report on key business activities including contract pricing and compliance, 340b program optimization, revenue, charges, expense and product line margins. The incumbent will also develop and present monthly reports (analysis of monthly financial and operating results), support budget preparation, and collaborate with vendors to review applicable purchasing reports and create corrective action plans. The analyst will also work with purchasing team members to enhance pharmacy inventory management and software functionality, improve transaction-level detail controls, and improve system functionality with the pharmacy wholesaler to streamline order review processes.

Essential Duties and Responsibilities

• Assess the logic used to qualify 340B prescription claims
• Perform audits of 340B claims for appropriateness
• Monitor monthly drug purchases for each contract pharmacy
• Monitor 340B program changes and assess impact to the Organization and partners
• Have a deep understanding of all 340B software utilized by the Organization
• Responsible for identifying data and IT issues and flaws that could affect 340b program compliance
• Develop and maintain processes to adhere to HRSA requirements
• Learn to navigate hospital electronic medical record systems (Allscripts, Cerner, etc)
• Complete reports to ensure 340B compliance and systems are up to date and accurate
• Develop a thorough understanding of the 340B Program. Strive to consistently improve the overall efficiency, value, and internal support of the 340B Program.
• Performs special projects related to 340B usage, as requested and as required.
• Optimize the Acute Care Pharmacy component of the 340B pricing program (WAC vs. GPO vs. 340B) and collaborate with leadership to ensure program compliance. Manage 340B split bill vendor software to ensure compliance, data accuracy, and crosswalk integrity
• Presenting and interpreting findings, providing recommendations
• Collaborate with vendors to review applicable purchasing reports and create corrective action plans.
• Assess opportunities for cost savings and system improvements to yield higher compliance and optimization.
• Performs and develops 340B education sessions to insure associate understanding of 340B program requirements.
• Coordinates activities for the 340B Steering Committee to include: assisting with agenda preparation, report organization, presentations and preparations.

Qualifications

• Bachelor's Degree - required
• 1-3 years of 340B experience - required
• Knowledge of 340B drug discount program

Physical Demands

• Standing - Constantly
• Walking - Constantly
• Sitting - Frequently
• Lifting - Frequently
• Carrying - Frequently
• Pushing - Occasionally
• Pulling - Occasionally
• Climbing - Occasionally
• Balancing - Occasionally
• Stooping - Frequently
• Kneeling - Frequently
• Crouching - Frequently
• Crawling - Occasionally
• Reaching - Frequently
• Handling - Frequently
• Grasping - Frequently
• Feeling - Constantly
• Talking - Constantly
• Hearing - Constantly
• Repetitive Motions - Constantly
• Eye/Hand/Foot Coordination - Constantly

Working Conditions

• Extreme cold - Rarely
• Extreme heat - Rarely
• Humidity - Rarely
• Wet - Rarely
• Noise - Constantly
• Hazards - Frequently
• Temperature Change - Rarely
• Atmospheric Conditions - Rarely
• Vibration - Rarely

Thank you for your interest in Albany Medical Center!

Albany Medical Center is an equal opportunity employer.

This role may require access to information considered sensitive to Albany Medical Center, its patients, affiliates, and partners, including but not limited to HIPAA Protected Health Information and other information regulated by Federal and New York State statutes. Workforce members are expected to ensure that:
Access to information is based on a “need to know” and is the minimum necessary to properly perform assigned duties. Use or disclosure shall not exceed the minimum amount of information needed to accomplish an intended purpose. Reasonable efforts, consistent with Albany Medical Center policies and standards, shall be made to ensure that information is adequately protected from unauthorized access and modification.

Thank you for your interest in Albany Medical Center!​

Albany Medical is an equal opportunity employer.

This role may require access to information considered sensitive to Albany Medical Center, its patients, affiliates, and partners, including but not limited to HIPAA Protected Health Information and other information regulated by Federal and New York State statutes. Workforce members are expected to ensure that:

Access to information is based on a “need to know” and is the minimum necessary to properly perform assigned duties. Use or disclosure shall not exceed the minimum amount of information needed to accomplish an intended purpose. Reasonable efforts, consistent with Albany Med Center policies and standards, shall be made to ensure that information is adequately protected from unauthorized access and modification.