MedStar Health · 2 months ago
340B Analyst
Washington, DC
Full-time
Onsite
Mid Level
$59K/yr - $98K/yr
3+ years expMedStar Health is seeking a 340B Analyst to conduct monitoring analysis investigations and special projects for their Specialty Pharmacy program. The primary responsibility is to ensure compliance with 340B regulations by validating specialty pharmacy claims and developing monitoring protocols.
Health CareMedical
Responsibilities
Ensures compliance with 340B program requirements as well as optimization of the 340B program in the Specialty Pharmacy setting on behalf of MedStar covered entities. In collaboration with hospital and system 340B resources performs transactional self-audits and reports results to System 340B Manager. Represents the Specialty Pharmacy and covered entities in 340B related audits and inquiries
Obtains analyzes and reports data to identify and evaluate the system of control in the 340B Drug Program. Reports on financial performance to system Director of Specialty Pharmacy and Finance. Monitors GPO spend. Documents analytical findings in accordance with department standards. Identifies opportunities for improvement analyzes the effect of the weaknesses researches causes and formulates recommendations. Identifies opportunities for 340b optimization
Reads regulations/ journals/articles related to compliance and analysis of the Specialty Pharmacy program and financial performance. Participates in conferences and/or webinars pertinent to the 340B Drug Program. Attends education/training events (internal and external)
Monitors virtual accumulations for negative accumulations and buy back opportunities to ensure compliance and optimization on the purchasing side. Works with Pharmacy Techs / Buyer to resolve discrepancies and realize opportunities
Communicates in writing in the form of memos reports and emails. Written communication should be clear concise using explicit and unambiguous terminology and convey a professional tone and rational logic at all times. Strong presentation skills: analyst must be able to present their findings and answer questions in a group setting. Tactful and respectful communication is essential and non-verbal communication should be professional and demonstrate respect and tolerance. Provides communication of analytical findings to department or corporate leadership as directed by management
Assists the System 340B Manager in the implementation and management of split-billing software in the Specialty Pharmacy setting
Demonstrates the ability to manage multiple projects often with the same deadlines
Advanced ability in team participation. The analyst is a strong team member and works collaboratively with other team members to make appropriate contributions. Participates on the 340B Steering Committee
Performs other duties as assigned
Qualification
Required
Bachelor's degree required
3-4 years experience working in hospital or retail pharmacy environments and two of those in 340B required
Experienced with data analysis and reporting
Knowledge of pharmacy billing and reimbursement especially including experience with the 340B Drug Discount Program
Understanding of evolving State and Federal regulations; familiarity with the requirements of prominent specialty pharmacy accrediting organizations
Ability to effectively utilize key software programs and applications such as pharmacy dispensing and clinical therapy management systems as necessary for operations
Knowledge of general accounting principles
Proficiency with Microsoft applications data and evidence analysis financial statement analysis oral and written communication skills
Preferred
CPhT preferred
Company
MedStar Health
MedStar Health is a not-for-profit healthcare organization
10001+ employees
H1B Sponsorship
MedStar Health has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (18)
2024 (13)
2023 (14)
2022 (14)
2021 (12)
2020 (14)
Funding
Current Stage
Late StageTotal Funding
$29MKey Investors
American Medical AssociationAgency for Healthcare Research and QualityA. James and Alice B. Clark Foundation
2023-06-21Grant
2022-09-27Grant· $2M
2020-07-03Grant· $27M
Leadership Team
David Mayer
Executive Director MedStar Institute for Quality and Safety Quality and Safety CEO Patient Safety Mo
Recent News
2025-12-17
Maryland Daily Record
2025-12-05
Company data provided by crunchbase