340B Analyst

About the role

The 340B Analyst is responsible for 340B compliance, program integrity, and financial optimization of the program within the covered entity(ies) participating in the 340B Drug Discount Program. The Analyst will manage the program, coordinate with internal audits, and assist with training and education.

Responsibilities

• Coordinates the 340B Drug Pricing Program and maintains the program’s standards.
• Ensures HRSA requirements for program qualifications are met.
• Works to continuously improve 340B program performance through program surveillance and identification of program optimizations.
• Serves as first step in scoping and escalating discovered operational or compliance issues in collaboration with internal audits and the 340B Auditors.
• Responsible for immediate communication and escalation of compliance issues or gaps in 340B program operations.
• Ensures compliant purchasing of 340B medications and provides real-time guidance to pharmacy buyers and staff on purchasing, inventory management, and other practices which maximize 340B compliance and savings.
• Assists covered entity leadership to provide ongoing training, education and communication required for the 340B program at the entity.
• Serves as primary internal liaison to ensure appropriate utilization of the 340B program and compliance with all program requirements.
• Escalates any identified compliance issues to covered entity stakeholders and the 340B Manager.
• Develops action plans to mitigate and/or remove any potential or identified compliance concerns and works to implement approved programmatic changes.
• Participate in sub-committees of the 340B Executive Oversight Committee to develop and update policies and procedures for the 340B program.
• Provides education to covered entity pharmacy team and works to ensure pharmacy operations are in alignment with the 340B policies and procedures.
• Works with affiliated departments (finance, information technology, medical staffing office, etc.) to ensure 340B program integrity.
• Provides ongoing compliance coaching to 340B staff and participants.
• Participates in system 340B committees and with covered entity leadership to develop a comprehensive internal audit plan.
• Conduct regular 340B internal audits and data analysis to identify risk and prevent a compliance breach.
• Document audit completion/results and communicate results and escalate issues to identified parties.
• Continually monitor 340B regulations and legislation, attend ongoing trainings/conferences to help ensure continued compliance with current regulations.

Requirements

• Minimum of 1-2 years’ experience with pharmacy 340B required.
• Minimum of 2 years’ experience in business, analytics, or auditing preferred.
• Proficiently trained in Microsoft Office Software, specifically Microsoft Outlook and Excel.
• Advanced knowledge of 340B Drug Pricing Program and/or healthcare billing regulations and practices.
• Experience in Epic Electronic Health Record.
• Auditing hospital charging/patient records.
• Experience in 340B Split Billing/Third Party Administrator Software and/or manual 340B operations.
• Excellent communication skills with ability to develop cross-departmental professional relationships.

Qualifications

• Education Qualifications: 2 year/Associates Degree: Healthcare Administration/Business, Finance, Information Technology/Analytics, Pharmacy or a related field.
• Licensing/ Certification: 340B University Certificate (Live/On Demand).
• Other Knowledge, Skills And Abilities: Proficiently trained in Microsoft Office Software, specifically Microsoft Outlook and Excel; Advanced knowledge of 340B Drug Pricing Program and/or healthcare billing regulations and practices; Experience in Epic Electronic Health Record; Auditing hospital charging/patient records; Experience in 340B Split Billing/Third Party Administrator Software and/or manual 340B operations; Excellent communication skills with ability to develop cross-departmental professional relationships.