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 340B Analyst will be tasked with program management and coordination, configuration and maintenance of software systems, providing support for the daily operations of the covered entity to maintain compliant 340B practices, and other projects as assigned by the 340B Program Manager. The 340B Analyst will work alongside 340B Auditor to complete, validate, and document completed audits related to program compliance. The 340B Analyst is also responsible for ensuring continuous alignment between covered entity operations and 340B Policies and Procedures. To accomplish these roles, the 340B Analyst must establish and maintain excellent customer service relations with individuals, committees, and other associated stakeholders in the 340B Program.

Responsibilities

• Coordinates the 340B Drug Pricing Program and maintains the program’s standards
• Ensures HRSA requirements for program qualifications are met
• Continuously improves 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
• Develops internal and external customer service relationships for effective program management
• Creates and maintains monthly reports of 340B program metrics and financial savings
• Analyzes monthly reports, completes monthly variance reporting, and identifies cost savings and system improvements to maximize compliance
• Serves as the split billing software expert to troubleshoot software issues and continually improve software functionality
• Works with appropriate teams to ensure 340B software is coordinated and integrated with clinical information system software, including electronic interfaces between the EMR and virtual accumulator and any interfaces with contract pharmacy providers and/or administrators
• Ensures integrity of split billing software and reviews applicable software reports to identify areas of improvement
• Ensures covered entity successfully utilizes