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Posted: 13-Jan-23
Location: Ann Arbor, Michigan
Salary: Open
Internal Number: 228958
The Pharmacy Administration Team is seeking an experienced health care or financial professional to assist in managing Michigan Medicine’s participation in the 340B Drug Purchasing Program. The 340B Program Lead Analyst will assist the 340B Program Manager with monitoring the Program’s compliance and optimizing savings capture. This position will provide functional supervision of other 340B Team members. The ideal candidate will have experience in 340B, Pharmacy and/or Finance, and leadership. They will be professional, confident, and capable of succeeding in a self-paced environment.
- Assists 340B Program Manager with daily operation and monitoring of the 340B drug purchasing program.
- Significantly contributes to program audits to ensure 340B compliance to HRSA and OPA regulations.
- Assists with development and implementation of new policies and procedures involving the 340B program.
- Assists with development and implementation of process improvements to ensure compliance and enhance discount capture.
- Develops, executes, and documents self-audits of the 340B process. Assists with coordination of remediation of findings.
- Evaluates and recommends opportunities for cost savings and business improvements in the 340B contract pharmacy utilization.
- Assists with financial reporting, controls and oversight of contract pharmacy relationships, mixed use utilization, and owned pharmacy reporting.
- Completion of HRSA recertification, registration, and termination updates.
- Responds to external audits, in conjunction with 340B Program Manager and 340B Team members.
- Monitors utilization records and 340B purchasing accounts to ensure that software or tools are working properly and accurately, performing audits or compliance assessments internally as needed.
- Daily/weekly/monthly meetings with 340B Team members, internal 340B stakeholders, and external partners (e.g. Third-Party Administrator, Contract Pharmacy representatives, consultants).
- Functional supervision, leadership and development of three analysts on the 340B Team.
Additional Skills & Abilities:
- Ability to communicate clearly, both verbal and written, to internal and external constituents and apply a high degree of analytical, sensitivity, interpretive and evaluative skills dealing with complex concepts, projects, etc.
- Demonstrated leadership with ability to teach 340B team on topics in database maintenance, finance and controls.
- Solid knowledge, understanding, and experience in business, compliance finance or accounting.
- Self-motivated with an ability to work well with teams across Michigan Medicine and external to the organization.
- Must have effective organizational skills and flexibility to meet deadlines.
- Strong problem solving abilities, attention to detail, and ability to multitask.
- Ability to support business decisions in a dynamic and constantly changing environment, independently and with confidence.
- Experience with analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvement of results and find solutions.
- Strong presentation, analytical techniques, and computer skills, including proficiency with MS Office.
- Bachelor’s degree in a related field.
- Minimum of one year of experience in 340B.
Associate Level:
- 1 year of experience
Intermediate Level:
- 2-3 years of experience
Senior Level:
- 3-5 yesrs of experience
- Master’s Degree or higher in a related field.
- 340B Apexus Certified Expert certification.
- Minimum of three years of experience in Health System Pharmacy and/or Finance.
- Experience with spreadsheet applications and analyzing and reporting data in order to identify issues, trends, or exceptions to drive improvement of results and find solutions.
- Experience with Pharmacy financial topics including knowledge of 340B program regulatory and compliance procedures as well as program issues, trends, and challenges.
- Experience working with regulatory compliance, contracting, financial analysis, large databases and internal control processes.
- Experience with EPIC electronic health record, MiChart, QS1, or similar electronic record systems are preferred.
This position may be underfilled at a lower classification depending on the qualifications of the selected candidate.
Michigan Medicine conducts background screening and pre-employment drug testing on job candidates upon acceptance of a contingent job offer and may use a third party administrator to conduct background screenings. Background screenings are performed in compliance with the Fair Credit Report Act. Pre-employment drug testing applies to all selected candidates, including new or additional faculty and staff appointments, as well as transfers from other U-M campuses.
The University of Michigan Health System improves the health of patients, populations and communities through excellence in education, patient care, community service, research and technology development, and through leadership activities in Michigan, nationally and internationally. Our mission is guided by our Strategic Principles and has three critical components; patient care, education and research that together enhance our contribution to society.
Job openings are posted for a minimum of seven calendar days. This job may be removed from posting boards and filled any time after the minimum posting period has ended.
The University of Michigan is an equal opportunity/affirmative action employer.
U-M COVID-19 Vaccination Policy
COVID-19 vaccinations, including one booster when eligible, are required for all University of Michigan students, faculty and staff across all campuses, including Michigan Medicine. This includes those working remotely and temporary workers. More information on this new policy is available on the U-M Health Response website or the UM-Dearborn and UM-Flint websites.