Associate Chief Pharmacy Officer - Pharmacy Business Operations jobs in United States
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Michigan Medicine · 6 hours ago

Associate Chief Pharmacy Officer - Pharmacy Business Operations

Michigan Medicine is one of the largest health care complexes in the world, and they are seeking an Associate Chief Pharmacy Officer to oversee pharmacy-related programs and operations. This role involves leading strategic planning, ensuring compliance, and optimizing pharmacy services to enhance patient care and operational efficiency.

EducationHealth CareMedical

Responsibilities

Directs and oversees leaders in assigned areas to ensure appropriate medication management, schedules, workflow systems, budgets, and performance requirements. Develops and implements standards, processes and approaches to deliver timely and quality service
Supports and ensures execution of strategic plans and programs. Guides and determine decisions related to pharmacy-related services
The ACPO will be expected to assume the role and responsibility for activities as assigned
Develop and execute strategic plans for system-wide pharmacy business services, including thoughtful standardization, optimized drug expense, reliable medication procurement and supply stability, optimal inventory management, fully compliant 340B services, high integrity financial services, and high-quality and innovative pharmacy analytics and data strategy services
Drive innovation and transformation initiatives to advance and support clinical, operational and financial outcomes
Provide thought leadership in shaping pharmacy's role in high-reliability operations, financial stewardship, data-informed decision making and reliable drug procurement and 340B services
Develop and execute strategic goals and objectives for areas of responsibility
Lead and oversee system-wide pharmacy services that drive financial and procurement standardization, including drug-related finances, budgeting and billing, the 340B program, pharmacy supply chain and pharmacy data analytics
Oversee and continuously optimize operations, workforce management, inventory systems, contracting, and technology platforms to ensure financial sustainability and operational excellence for areas of responsibility
Provide executive level support for the development and management of contracts, purchase agreements, and contracting strategies, ensuring price optimization and compliance responsibilities
Monitor key performance indicators (KPIs) and identify opportunities for continuous process improvement to reduce waste, decrease cost, and increase revenue
Collaborate with and support other ACPOs and system pharmacy leaders to ensure optimal outcomes across the system
Oversee capital asset management and landlord/tenant operations and provide daily oversight of activities at Joy Road Service center (140k sq ft facility), the headquarters of the Pharmacy Enterprise
Drive optimization of medication-related expenses to balance clinical benefits with economic impact, leveraging contracting, relationships, resources, efficiency and stewardship
Oversee development of pharmacy-related budgets, including workforce management, operational expenses, capital expenses and projects, partnering with pharmacy leaders across the system
Monitor financial performance and partner with pharmacy leaders to adjust tactics to meet budgetary targets while maintaining high standards
Monitor internal performance and external market forces to adapt pharmacy strategies with emerging market trends
Ensure full compliance with all applicable Michigan Medicine policy, federal and state regulations and accreditation standards for areas of responsibility
Lead system readiness for inspections, audits, and response to findings with action plans to ensure ongoing compliance, risk reduction, and financial integrity / recovery for areas of responsibility
Implement guidelines, policies and procedures that promote compliant financial, data and procurement practices
Lead recruitment, retention, and development of pharmacy leaders, managers, and clinical staff across all sites for areas of responsibility
Foster a culture of belonging, engagement, accountability, and professional growth
Support leadership succession planning, competency development, and staff well-being initiatives
Serve as the central point of coordination among pharmacy leaders across system pharmacy services to ensure alignment, consistency, and best practices for financial, procurement and data-related initiatives
Collaborate with finance, supply chain, IT, executive teams, and other internal and external stakeholders to advance system initiatives
Represent system pharmacy services in cross-functional committees and system councils for applicable areas of responsibility
Champion innovative practices in pharmacy automation, technology, and medication analytics to support scalable models for areas of responsibility
Identify and implement emerging technologies that improve outcomes
Promote a culture of continuous learning and adaptive change to stay at the forefront of health system pharmacy practice

Qualification

Doctor of Pharmacy degreeCurrent pharmacist licenseHealth-system pharmacy leadershipAdvanced business degreePharmacy informaticsPharmaceutical supply chainEffective communicationDecision-making skillsLeadership skillsCollaboration skills

Required

Doctor of Pharmacy degree (or equivalent) required
Residency (or equivalent experience) is required
Advanced business degree (e.g., MBA, MHA, MS) or candidacy to earn the degree (must be completed within 3 years) required
Current license to practice as a Pharmacist in the State of Michigan
At least 10 years of progressively responsible health-system pharmacy leadership; involvement in the training of pharmacy students and residents
Effective communication (written and verbal) skills
Demonstrated decision-making skills
Demonstrated success leading projects and initiatives to improve efficiency, quality, safety and service levels in a complex healthcare environment
Extensive knowledge of pharmacy business and current trends in contemporary pharmacy service provision
Extensive knowledge of regulatory board requirements and federal and state regulations in contemporary pharmacy business provision
Ability to recruit and retain highly skilled professional staff
Strong knowledge of pharmacy informatics and technology within pharmacy and health systems
Knowledgeable about the pharmaceutical supply chain, clinical therapeutics, human resources management, and budget management
Proven leadership skills in motivating, developing, and empowering leaders and staff
Track record of collaboration and effective partnerships with internal stakeholders including physicians, nurses, hospital administrators and others
Ability to align operations and establish best practices across the health-system

Preferred

Minimally eligible for academic rank of Clinical Assistant Professor preferred

Benefits

Excellent medical, dental and vision coverage effective on your very first day
2:1 Match on retirement savings

Company

Michigan Medicine

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Michigan Medicine is a health care system and academic medical center that provides medical education and more. It is a sub-organization of University of Maichigan.

Funding

Current Stage
Late Stage

Leadership Team

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Heather Ascani
Director, Business Operations - Applied Systems Biology Core
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Jack Kufahl
Chief Information Security Officer
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Company data provided by crunchbase