Pharmacy Finance Coordinator

Job Description The UW Medical Center-Montlake Pharmacy Department is seeking a highly-motivated Pharmacy Finance Coordinator. WORK SCHEDULE • Full-Time / 40 Hours Per Week • Day Shift POSITION HIGHLIGHTS Develop business plans and financial analyses for UW Medicine Pharmacy, collaborate with UWM leadership on strategic planning involving pharmacy, and spearhead modeling related to pharmacy charges and reimbursement, cost and resources. This position also acts as the gatekeeper for financial analyses involving drugs for the pharmacy department. Assist with financial operations including Inflation Reduction Act, 340B Rebate model, and other regulatory impacts with financial implications to the department. This position oversees financial analyses for all lines of business including inpatient and clinic administered drugs, retail pharmacies and contract pharmacies. UW Medicine Pharmacy provides inpatient and outpatient pharmacy services at 3 hospital campuses with 11 retail locations and 340B contract pharmacies. This position reports directly to the Pharmacy Business Officer with a dotted line to the Enterprise Financial Officer. PRIMARY JOB RESPONSIBILITIES Evaluate the financial impact of new and existing business opportunities including new payer and PBM contracts, new services, and new drug therapies in collaboration with pharmacy leadership and UW Medicine leadership as well as UWM Finance team. Business evaluation may be hospital specific such as the evaluation of a new clinic site of service and the impact on costs and reimbursement, or it may be at the health system level such as evaluating the feasibility of a centralized compounding center or the potential margin from a new payer contract. Perform financial analysis for the President of UW Medicine Hospitals and Clinics. Work closely with Pharmacy ITS team and Finance to integrate pharmacy data sources with other clinical and financial data to improve patient level clinical and financial data for use in Health System business planning. Assist pharmacy staff and leadership navigating clinical and financial systems, for example providing demographic data for drug analysis or building demographic projections for use in clinical planning. Develop the annual price increase recommendation including modeling potential price changes and the impact on charges and reimbursement. Performs ad hoc reimbursement analysis for drugs and subsets of drugs as needed for decision making. Develop routine and ad hoc pharmacy reporting from Pharmacy and Financial systems to assist in managing pharmacy operations. DESIRED Strong data mining skills and expertise in using Excel, Access, Powerpoint and other software is required. Ability to work in a high-volume environment where great emphasis is placed on customer service and creative problem-solving skills. Ability to present analysis and recommendations to pharmacy team members and executive leadership as necessary. REQUIRED POSITION QUALIFICATIONS Bachelor's degree in Business, Finance, or Accounting and 10 years of experience in healthcare finance in a multi-hospital health system with leadership and program management roles. In-depth knowledge of pharmacy business planning and budgeting, financial reporting and analysis, and decision support. Knowledge of hospital and pharmacy pricing and reimbursement methodologies including 340B considerations. Experience working with executive teams and analyzing and interpreting complex data to executive teams for decision making. CONDITION OF EMPLOYMENT UW Medicine is committed to being a drug-free workplace. We require a pre-employment drug screen. ABOUT UW MEDICAL CENTER-MONTLAKE UW Medical Center is an acute care academic medical center located in Seattle with two campuses: Montlake and Northwest. As the No. 1 hospital in Seattle and Washington State since 2012 (U.S. News & World Report) and nationally ranked in seven specialties, UW Medical Center prides itself on compassionate patient care as well as its pioneering medical advances. The UW Medical Center-Montlake campus is located on the edge of the beautiful UW campus which includes many amenities available to our staff as well as very convenient public transit options including the Sound Transit’s light rail station across the street. Excellence. Exploration. Education. ABOUT UW MEDICINE – WHERE YOUR IMPACT GOES FURTHER UW Medicine is Washington’s only health system that includes a top-rated medical school and an internationally recognized research center. UW Medicine’s mission is to improve the health of the public by advancing medical knowledge, providing outstanding primary and specialty care to the people of the region, and preparing tomorrow’s physicians, scientists and other health professionals. All across UW Medicine, our employees collaborate to perform the highest quality work with integrity and compassion and to create a respectful, welcoming environment where every patient, family, student and colleague is valued and honored. Nearly 29,000 healthcare professionals, researchers, and educators work in the UW Medicine family of organizations that includes: Harborview Medical Center, UW Medical Center - Montlake, UW Medical Center - Northwest, Valley Medical Center, UW Medicine Primary Care, UW Physicians, UW School of Medicine, and Airlift Northwest. Become part of our team. Join our mission to make life healthier for everyone in our community. Compensation, Benefits and Position Details Pay Range Minimum: $180,000.00 annual Pay Range Maximum: $228,000.00 annual Other Compensation: - Benefits: For information about benefits for this position, visit https://www.washington.edu/jobs/benefits-for-uw-staff/ Shift: First Shift (United States of America) Temporary or Regular? This is a regular position FTE (Full-Time Equivalent): 100.00% Union/Bargaining Unit: Not Applicable About the UW Working at the University of Washington provides a unique opportunity to change lives – on our campuses, in our state and around the world. UW employees bring their boundless energy, creative problem-solving skills and dedication to building stronger minds and a healthier world. In return, they enjoy outstanding benefits, opportunities for professional growth and the chance to work in an environment known for its diversity, intellectual excitement, artistic pursuits and natural beauty. Our Commitment The University of Washington is committed to fostering an inclusive, respectful and welcoming community for all. As an equal opportunity employer, the University considers applicants for employment without regard to race, color, creed, religion, national origin, citizenship, sex, pregnancy, age, marital status, sexual orientation, gender identity or expression, genetic information, disability, or veteran status consistent with UW Executive Order No. 81. To request disability accommodation in the application process, contact the Disability Services Office at 206-543-6450 or dso@uw.edu. Applicants considered for this position will be required to disclose if they are the subject of any substantiated findings or current investigations related to sexual misconduct at their current employment and past employment. Disclosure is required under Washington state law. 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Salary : $180,000