Pharmacy 340B Analyst

A Brief Overview

Responsible for providing ongoing support and assists with the 340 B program for Regional One Health, which includes contract and specialty pharmacy programs. The 340B Analyst's key areas of responsibility will include but not limited to : 1) drug product contracting, selection, and procurement, 2) 340B Program compliance, monthly reporting, dispensing patterns, and inventory process, 3) inventory control and billing process and 4) information support systems. As a member of the pharmacy team, collaborates with multiple 340 B program affiliates, wholesalers, vendors, information system service providers, insurance providers, internal and contracted pharmacies, internal departments, medical providers, and regulators to achieve unit and organizational goals, meet customer needs and assure high quality services.

What you will do

• Policy and Procedure Development :
• Maintain up-to-date policies and procedures on 340B purchasing processes.
• Develop systems and processes to limit program liabilities and provide proper audits to identify risk and prevent duplicate discounts and diversion.
• Review 340B Program policies and procedures on an ongoing basis and offer contributions and changes to ensure 340B compliance.
• Education :
• Develop proper 340B quality assurance training for employees as appropriate.
• Provide proactive education to staff on policies and procedures related to inventory management and 340B procedures.
• Expand professional development through related classes and seminars, current publications, and regional / national association membership participation.
• Self-Audits :
• Be involved in any and all 340B audits.
• Monitor and audit state Medicaid claims to ensure compliance to prevent potential duplicate discount rebates.
• Using Excel or a comparable data management program, filter out non-eligible transactions, including, but not limited to, drugs used to treat patients during inpatient care, Medicaid patients, drugs provided free by manufacturers, those provided at non-eligible locations, or prescriptions written by non-eligible providers.
• Evaluate patient eligibility for qualified and non-qualified patients in mixed-use areas and clinics by reviewing patient medical records, insurance plans, and hospital status.
• Ensure that facilities maintain adherence to 340B Program regulations and guidelines.
• Perform audits on a scheduled basis; may involve presenting and resolving reconciliation issues as they arise during the monitoring and reconciliation process.
• Perform monthly audits of contract pharmacies.
• Perform monthly self-audits of 340B pharmacy operations.
• Ensure compliance with 340B Program requirements for qualified patients, drugs, and locations.
• Program Enhancement / Optimization :
• Through financial analysis, strive to recognize the value opportunity of the 340B Program.
• Assess opportunities for cost savings and system improvements to yield higher compliance.
• Develop a thorough understanding of the 340B Program. Strive to consistently improve the overall efficiency, value, and internal support of the 340B Program.
• Continue to build knowledge of the health care and pharmacy services industry, and use that knowledge to identify ways and make recommendations to improve the 340B Program.
• Evaluate and implement cost savings opportunities.
• Assist all customers to clarify requirements, propose sourcing options; evaluate and recommend the best sourcing solution.
• Reporting;
• Develop reports that can be used to educate staff and assist management in tracking the overall financial impact to the organization. Build other reports, as appropriate, to monitor and improve 340B Program compliance and performance.
• Maintain copies of reports for compliance and audit purposes.
• Collaborate with the Pharmacy, Compliance, and 340B Oversight council to develop monthly, quarterly, and yearly audit metrics.
• Construct appropriate financial metrics to assess areas of improvement.
• Develop and update 340B Program reporting packages detailing volume, financial value, and other reporting metrics as needed.
• Use provided tools to monitor prescription data, patient data, hospital data, payer data, site of care, and, if required, iCD-10 codes. Summarize and report results to the appropriate individuals.
• Monitor, report, and analyze contract pharmacy 340B activities; provide financial reports to hospitals or other covered entities relative to financial impact and liabilities; make recommendations that would improve efficiency.
• Perform hospital- or other covered entity-specific gross financial analysis and make recommendations to improve program performance. Track financial impact over time, identify root causes of adverse trends, and make recommendations to improve the program's financial stability.
• Review and refine monthly 340B cost savings reports detailing purchasing and replacement practices, as well as dispensing patterns.
• Purchasing / Inventory Duties :
• Oversee all aspects of the inventory purchasing process for the applicable inpatient and outpatient pharmacies.
• Procure supplies, equipment, services, and merchandise; request price quotes; facilitate purchasing proposals and contract negotiations.
• Process requisitions and issue purchase orders; expedite deliveries; resolve receiving and invoicing issues or problems.
• Manage existing contracts and supplier relations.
• Manage drug selection, procurement, and inventory control.
• Maintain system OPAISs to reflect changes in the drug formulary or product specifications,
• Manage purchasing, receiving, and inventory control processes,
• Continually monitor product par levels to effectively balance product availability and cost- efficient inventory control,
• Ensure appropriate safeguards and system integrity.
• Perform annual inventory and monthly cycle counts.
• Monitor ordering processes, integrating the most current pricing from wholesalers. Analyze invoices, shipping, and inventory processes.
• Comply with all GPO Prohibition rules for applicable covered entities : DSH, PED, and CAN.
• Comply with all track-and-trace legal requirements of the Drug Supply Chain Security Act for purchasing and distribution of drug products.
• Completes required continuous training and education, including department specific requirements. Responds to problems / opportunities to improve work environment and participates in unit based performance improvement activities.

Qualifications

Physical Demands

Regional One Health is committed to diversity and inclusion. We are an equal opportunity employer including veterans and people with disabilities.

PI264906686