Pharmacy Inventory Compliance Specialist

Position Summary

The 340B Compliance Specialist is responsible for working with Pharmacy administration to ensure:

• Virtual (340B, GPO, WAC) Purchasing/Inventory Oversight
• 340B/GPO Split Billing Software Maintenance

Minimum Requirements

Education

• High School Graduate

Experience

• 5 years hospital pharmacy experience

License/Registration/Certifications

• State Certified Registered Technician with the Board of Pharmacy
• 340B University ( must be completed within one year of hire date)

Preferred Requirements

Preferred Education

• Bachelor’s Degree

Preferred Experience

• 340B experience
• Inventory Management experience

Preferred License/Registration/Certifications

• N/A

Core Job Responsibilities

• Purchasing/Inventory Insight
  • Monitors purchasing records for each 340B/GPO participant; clearly documents utilization, savings, problem areas, and exceptions or discrepancies. Relays results to pharmacy leadership and administration.
  • Manages and tracks 340B/GPO drug inventory, including proper replenishment
  • Continuously monitors product max/min levels in coordination with pharmacy manager to effectively balance product availability and cost-efficient inventory control
  • Optimizes purchasing of supplies and medications from the 340B program
  • Routinely monitors utilization records and 340B purchasing accounts to ensure that software or tools are working appropriately.
  • Oversees regulatory aspects of the inventory purchasing process for inpatient and mixed-use areas
• Split Billing Software Maintenance
  • Establishes a routine approach to updating the CDM/crosswalk for new products and product changes to ensure both accuracy of the utilization report and the efficiency and accuracy of the charge process.
  • Maintains 340B split-billing software integrity and reviews applicable reports to identify areas for improvement
  • Integrates information from the pharmacy charge master system into the 340B split billing computer system and incorporates that information into auditable and compliant processes.
  • Periodically performs spot audits or compliance assessments in specific areas and specific products to ensure that the utilization numbers are translating accurately into report for 340B re-orders