340B Analyst

340B Analyst

Hybrid Cumberland Family Medical Center - Burkesville, KY 42717

Overview

Position Type Full Time Category Finance

Description

340B Analyst

Cumberland Family Medical Center (CFMC) operates a Federally Qualified Health Center (FQHC) offering a wide range of health and social services at multiple sites throughout Kentucky. We seek employees who support our mission and who actively contribute to our service-driven environment by enhancing patient experience and improving productivity. CFMC offers compassionate care, uncompromising service and clinical excellence. We offer a collaborative environment with excellent benefits, wage/salary commensurate with experience and relevant work experience.

Essential Functions:

• Ensure compliance with 340B Program requirements for qualified patients, drugs, and locations
• Review 340B Program policies and procedures on an ongoing basis and offer contributions and changes to ensure 340B compliance
• Regularly review provider and patient workflows for qualified referral claim capture opportunities.
• Develop systems and processes to limit program liabilities and provide proper audits to identify risk and prevent duplicated discounts and diversion.
  • Be involved in any and all 340B Program audits.
  • Perform audits on a scheduled basis; may involve presenting and resolving reconciliation issues as they arise during the monitoring and reconciliation process.
  • Perform monthly audits of contract pharmacies.
  • Perform monthly self-audits of 340B pharmacy operations.
• Manage drug selection, procurement, inventory control, and coordinate 340B program.
• Maintain system databases to reflect changes in the drug formulary or product specifications.
• Provide proactive education to staff on policies and procedures related to inventory management and 340B procedures.
• Expand professional development through related classes and seminars, current publications, and regional/national association membership educational trainings.
• Review and refine monthly 340B cost savings report detailing purchasing and replacement practices, as well as dispensing patterns.
• Monitor ordering processes, integrating the most current pricing from wholesaler.
• Analyze invoices, shipping, and inventory processes.
• Communicate with leadership within CFMC to include the impact of drug expenditures on new initiatives and changes to existing services.
• Coordinate drug product contracting.
• Monitor and analyze purchasing contracts and vendor program offerings to identify opportunities to reduce the cost of pharmaceuticals.
• Monitor wholesaler and vendor compliance with contract terms through periodic testing.
• Ensure that drugs and pharmacy related supplies are acquired at the best possible advantage by integrating formularies, driving market share, and coordinating initiatives to minimize drug costs.
• Plan, implement and evaluate technology and information support systems to continuously improve the efficiency and effectiveness of pharmaceutical care and billing processes.
• Other duties as assigned.

Qualifications

Requirements:

• Education: High School Diploma or GED.
• Experience: Financial operations and/or pharmacy operations experience in the healthcare environment preferred.
• Attend proper 340B quality assurance training as appropriate.
  • Complete 340B University OnDemand training based on roles/responsibilities.

Schedule Requirements:

Full-time position, 5 days per week, hybrid schedule available following introductory period.

Work schedules are set at the discretion of CFMC and may be adjusted at any time based on the operational needs of the organization.

Compensation: Negotiable based on experience

Benefits: Health, Vision, Dental, Life, STD, LTD, 401K, PTO, and Holidays