340B Procurement Analyst

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Job Description

Role and Responsibilities:

• Compile, standardize, aggregate, and analyze data to develop strategies for process enhancements and program modifications.
• Develop and build predictive models and databases as needed for program maintenance and analysis.
• Process, clean and verify the integrity of the data used for analysis.
• Identify and analyze risk as it pertains to program compliance and financial trends.
• Analyze monthly, quarterly and annual trends to identify and investigate irregularities or variances in prescribing, compliance, financial and other identified metrics related to the 340B Program.
• Validate 340B prices for related programs and internal processes.
• Improve and automate current manual processes to increase accuracy, productivity and reduce errors for 340B related processes when needed.
• Develop and maintain technical processes for management and optimization of the 340B program.
• Performs detailed project gap analyses between current and future state of 340B pharmacy systems and provides input to shape project plans that meet future state goals.
• Create and distribute “scorecards” in key areas to member hospitals and system leadership, focusing on key areas of compliance and financial performance.
• Assist and assess data submission request for 340B related audits.
• Create and maintain related standard operating procedures.
• Apply analytical processes to evaluate large 340B data sets to provide actionable insights and drive decision making for senior executives.
• Maintain and report monthly program dashboards for key metrics such as 340B prescription capture, financial savings, reconciliation, and contract pharmacy utilization.
• Convert data analysis results into clear and compelling narratives to inform and educate other departments including finance.
• Assist with quarterly 340B compliance risk assessments for executive management and board committees to identify areas of potential exposure.
• Keep abreast of 340B landscape to better contextualize 340B data and understand organization implications.
• Represent the hospital at internal and external professional meetings
• Respond to departmental analytical requests as it relates to pharmacy data and reporting solutions.
• Collaborate with other departments to support cross-organizational projects and assist with quality improvement.
• Familiar with data contained and required on Medicare Cost Report, Trial Balance and OPAIS.

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