340B Analyst

Department/Unit: Pharmacy Work Shift: Day (United States of America) 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. Required: Bachelor’s Degree Preferred: 1-3 years of 340B experience and knowledge of 340B drug discount program. 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. Required: Bachelor’s Degree Preferred: 1-3 years of 340B experience and knowledge of 340B drug discount program. 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. Albany Med is the centerpiece of medicine, research, and medical education in New York’s Capital Region and is the area's largest private employer with more than 10,000 employees. Albany Med offers excellent career opportunities in a wide range of roles in both patient care and administration. We value all our staff members and offer outstanding employee benefits including: Excellent health care coverage with lower copays at most Albany Med providers. A wide array of services and programs to support emotional, physical, and mental wellbeing Anchored in the state’s historic capital city, Albany Med offers a full range outpatient and inpatient care and is home to the region’s largest hospital, only Level 1 trauma center, and only children’s hospital. The downtown campus also offers opportunities at Albany Medical College. Albany Med partners with Columbia Memorial Health, Saratoga Hospital and Glens Falls Hospital to form the Albany Med Health System, serving more than three million people over 25 counties.