Beacon Health System · 1 week ago
340B Analyst
Granger, IN
Full-time
Onsite
Mid Level
3+ years expBeacon Health System is dedicated to delivering outstanding care and inspiring health. The 340B Analyst serves as a key resource for the organization’s 340B Drug Program, responsible for conducting analyses, monitoring compliance, and supporting operational, financial, and regulatory components of the program.
FitnessHealth Care
Responsibilities
Ensures the 340B program maintains continuous compliance with all federal regulations, including HRSA and OPA guidelines
Monitors ongoing changes in 340B regulations and policies; assists with updates to organizational policies and practices to reflect changes
Develops and fosters internal and external relationships essential to program success (accounting, compliance, IT, legal, wholesalers, manufacturers, PBMs, TPAs)
Conducts regularly scheduled and ad-hoc audits of 340B operations, including contract pharmacy and internal pharmacy self-audits
Ensure compliance with 340B Program requirements for qualified patients, drugs, and locations
Evaluate patient eligibility for qualified and non-qualified patients in mixed-use areas and clinics by reviewing patient medical records, insurance plans, and, if applicable, hospital status
Coordinates and performs internal and external audits, including self-audits, external vendor reviews, and HRSA audits, with appropriate follow-up and action plans
Monitor and audit state Medicaid claims to ensure compliance to prevent potential duplicate discount rebates
Analyze and document utilization, savings, exceptions, and compliance issues
Develops and maintains comprehensive reporting tools to monitor 340B utilization, compliance, savings, and potential risks
Provides scheduled and ad hoc reports to pharmacy leadership, administration, and 340B Oversight Councils
Tracks, trends, and analyzes purchasing and dispensing patterns, ensuring corrective actions as needed
Identifies, evaluates, and implements opportunities for cost savings, efficiency improvements, and program growth
Provides strategic input on the development of contract pharmacy relationships and outpatient 340B-eligible services
Leads optimization of split-billing/third-party administrator systems to ensure accurate purchasing and replenishment
Collaborates with manufacturers, wholesalers, and vendors to ensure proper program utilization and contract opportunities
Supports leadership in business plan development and action planning related to 340B services
Participates in committees, workgroups, and projects to improve organizational pharmacy services and 340B integration
Reviews and offers recommendations on all 340B-related contracts, including contract pharmacies and TPAs, while ensuring compliance and alignment with program requirements
Coordinates and monitors contract pharmacy compliance, billing services, and audit processes
Evaluates current and future contract pharmacy opportunities, ensuring favorable fee structures, compliant data sharing, and proper contract terms
Oversees 340B purchasing processes to ensure compliant and cost-effective procurement
Monitors replenishment processes for 340B-eligible medications
Tracks and reconciles 340B and non-340B inventory, resolving discrepancies and ensuring accurate records
Monitors for product shortages, pricing changes, and formulary adjustments, working with pharmacy and medical staff as needed
Maintains databases to reflect current formulary and contract specifications
Analyzes purchasing data to identify cost-saving opportunities and ensures proper utilization of 340B savings
Analyze invoices, shipping, and inventory processes
Comply with all track-and-trace legal requirements of the Drug Supply Chain Security Act for purchasing and distribution of drug products
Ensures effective use and optimization of split-billing/TPA software for mixed-use and outpatient areas
Educates buyers and staff on correct account usage (WAC, GPO, 340B, non-340B) for inventory replenishment
Coordinates inventory processes and supports system maintenance
Attends and participates in department meetings and is accountable for all information shared
Completes mandatory education, annual competencies and department specific education within established timeframes
Completes annual employee health requirements within established timeframes
Maintains license/certification, registration in good standing throughout fiscal year
Direct patient care providers are required to maintain current BCLS (CPR), and other certifications as required by position/department
Consistently utilizes appropriate universal precautions, protective equipment, and ergonomic techniques to protect patient and self
Adheres to regulatory agency requirements, survey process and compliance
Complies with established organization and department policies
Available to work overtime in addition to working additional or other shifts and schedules when required
Qualification
Required
Successful completion of an Associates Degree
Minimum 3 years of experience in pharmacy, healthcare finance, supply chain, or related field
Strong background in data analysis, contract management, and/or pharmacy purchasing and inventory
Demonstrates advanced knowledge of the Pharmacy Department's day-to-day operations, policies and procedures
Requires the technical computer skills and knowledge necessary to effectively use and support various software and hardware
Requires an understanding of virtual inventory and split-billing software utilization and operation
Demonstrates knowledge of pharmacy inventory systems and purchasing procedures
Demonstrates a successful record of being a team player and completing project-related work assignments
Requires advanced analytical and problem-solving skills
Demonstrates the interpersonal and communication skills (both verbal and written) necessary to communicate effectively
Requires the ability to develop and present effective education and training
Requires organization skills and the ability to work independently as assigned
Demonstrates the leadership skills necessary to elicit cooperation and support from other team members and outside departments
Must be able to collect and analyze data, as well as develop, test, and implement system changes
Demonstrates knowledge of and a commitment to Beacon Health System's mission and values
Preferred
Certification which relates to the associates field of specialty
Training and experience with those software and hardware products regularly used by Beacon Health System
Familiarity with HRSA/OPA, state/federal 340B regulations, and DSCSA guidelines
340B University Training Required
Additional Apexus Certifications (Apexus Advanced 340B Operations Certificate) preferred
Company
Beacon Health System
Beacon Health System is a Hospital & Health Care centre providing health care facilities
5001-10000 employees
Funding
Current Stage
Late StageTotal Funding
$5.54MKey Investors
Health Resources and Services Administration
2024-12-18Grant· $0.14M
2024-05-08Grant· $5.4M
Leadership Team
Kreg Gruber
Chief Executive Officer
Phil Newbold
CEO Emeritus
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