The 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 ResponsibilitiesAssess the logic used to qualify 340B prescription claimsPerform audits of 340B claims for appropriatenessMonitor monthly drug purchases for each contract pharmacyMonitor 340B program changes and assess impact to the Organization and partnersHave a deep understanding of all 340B software utilized by the OrganizationResponsible for identifying data and IT issues and flaws that could affect 340b program complianceDevelop and maintain processes to adhere to HRSA requirementsLearn to navigate hospital electronic medical record systems (Allscripts, Cerner, etc)Complete reports to ensure 340B compliance and systems are up to date and accurateDevelop 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 integrityPresenting and interpreting findings, providing recommendationsCollaborate 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.QualificationsBachelor's Degree - required1-3 years of 340B experience - requiredKnowledge of 340B drug discount programPhysical Demands and Working Conditions are detailed in the job posting.This role may require access to sensitive information including HIPAA Protected Health Information and other regulated data. Workforce members must ensure access is on a need-to-know basis and protected according to Albany Medical Center policies.
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