What are the responsibilities and job description for the 340B Analyst, Pharmacy Tech position at Phoebe Putney Health System?
Essential Functions
- Perform business analysis of procurement activities and inventory controls as related to 340B operations and propose effective and user-friendly solutions to business stakeholders.
- Maintain 340B system databases to reflect changes in the drug formulary, data transmission, and data specifications.
- Monitor compliance with 340B program requirements and billing guidelines related to qualified patients, drugs and locations.
- Review and refine executive level and day-to-day 340B program performance reports including, but not limited to, purchasing, dispensation, and cost savings.
- Build reports, as appropriate, to monitor and improve 340B program compliance and performance.
- Construct appropriate financial metrics to assess areas of program improvement.
- Monitor ordering processes, integrating most current pricing from wholesaler.
- Monitor and analyze purchasing contracts and vendor program offerings to identify opportunities to reduce cost of 340B pharmaceuticals.
- Periodically review wholesaler and 340B vendor contract(s) for 340B Program compliance.
- Conduct periodic training and education for Pharmacy Buyers to align and standardize processes across the hospital system.
- Review 340B program policies and procedures on an ongoing basis and offer contributions and changes related to 340B compliance.
- Perform routine monitoring activities on a scheduled basis; may involve presenting and resolving reconciliation issues as they arise.
- Through financial analysis, strive to recognize the value opportunity of the 340B program.
- Evaluate and provide recommendations related to the implementation of potential cost savings opportunities.
- Collaborate with Pharmacy, Compliance, and 340B Advisory Committee to develop monthly, quarterly, and yearly audit metrics.
- Identify trends, discrepancies, and variances to improve the efficiency and effectiveness of operations.
- Provide recommendations that would improve operations, compliance, and efficiency.
- Track program performance over time, identify root causes of adverse trends, and make recommendations for improvement.
- Associate's Degree in Pharmacy Technology or healthcare-related field. (Required).
- 1 year experience as a Pharmacy Technician. (Required).
- 1 year of experience or training in pharmaceutical sourcing and/or procurement. (Preferred).
- 340B hospital (DSH, CAH, SCH, or RRC) program experience. (Preferred).
- PHAR-C - Certified Pharmacy Tech.
- PHRMTECH-R - Registered Pharmacy Technician.
- Completion of Apexus 340B University.
- Apexus Advanced Operations Certificate within 180 Days.