340B Analyst

This is a fully remote position, open to applicants in Kentucky, +2 more states.

📋 Description

• Oversee the 340B Drug Pricing Program and uphold program standards.

• Ensure compliance with HRSA requirements for program qualifications.

• Enhance 340B program performance through monitoring and identifying optimization opportunities.

• Identify and escalate operational or compliance issues with internal audits and 340B Auditors.

• Communicate and escalate compliance issues or deficiencies in 340B operations.

• Advise pharmacy buyers and staff on compliant purchasing, inventory management, and practices that enhance compliance and savings.

• Facilitate training, education, and communication for leadership and personnel within covered entities.

• Build and maintain relationships with internal and external customers.

• Generate and maintain monthly reports on 340B metrics and financial savings.

• Analyze monthly reports, conduct variance reporting, and identify cost savings and system enhancements.

• Act as an expert in split billing software and address software issues.

• Coordinate 340B software with clinical information systems, EMR, virtual accumulators, and contract pharmacy interfaces.

• Review software reports to ensure compliant ordering and cost savings.

• Address live-site issues in split billing software, electronic medical records, or charge master.

• Collaborate with the Epic charge team and charge master managers to formulate corrective action plans.

• Coordinate issue resolution with vendors of split billing software.

• Maintain software configurations that align with revenue cycle practices, Epic build, and organizational policies.

• Act as the primary internal liaison for 340B utilization and compliance.

• Develop and execute action plans to address compliance concerns.

• Participate in subcommittees of the 340B Executive Oversight Committee and create policies and procedures.

• Provide education and compliance coaching to pharmacy teams and 340B staff.

• Collaborate with finance, information technology, medical staffing, and other departments.

• Engage in 340B committees and formulate internal audit plans.

• Conduct regular 340B internal audits and data analysis.

• Document audit results, communicate findings, and escalate issues as necessary.

• Stay updated on 340B regulations and legislation, attending ongoing training and conferences.

• Become a subject matter expert in Contract Pharmacy, Policy and Procedure, Data & Reporting, Compliance/Audits, and/or 340B Split Billing Software.

⛳️ Requirements

• Associate's Degree in Healthcare Administration/Business, Finance, Information Technology/Analytics, Pharmacy, or a related field.

• 340B University Certificate (Live/On Demand).

• At least 1-2 years of experience with pharmacy 340B is required.

• Proficient in Microsoft Office Software, particularly Microsoft Outlook and Excel.

• Advanced understanding of the 340B Drug Pricing Program and/or healthcare billing regulations and practices.

• Experience with Epic Electronic Health Record.

• Familiarity with auditing hospital charging/patient records.

• Experience in 340B Split Billing/Third Party Administrator Software and/or manual 340B operations.

• Excellent communication skills with the ability to foster cross-departmental professional relationships.

• Combination of post-secondary education and experience may substitute for a degree.

• 340B Advanced Operations Certificate is preferred.

• Minimum of 2 years of experience in business, analytics, or auditing is preferred.

• Ability to initiate 340B operations in a new environment, including designing program operations, setting up split billing software/manual trackers, educating staff, and developing policies and procedures is preferred.

• Knowledge/training in Microsoft Access is preferred.

• Experience in drafting Policies and Procedures is preferred.

• Previous drug purchasing and/or wholesaler experience is preferred.

• Experience in training employees is preferred.

• Experience in software implementations is preferred.

🏝️ Benefits

• Competitive pay.

• Incentives.

• Referral bonuses.

• 403(b) with employer contributions (when eligible).

• Medical, dental, vision, and prescription coverage.

• HSA/FSA options.

• Life insurance.

• Mental health resources and discounts.

• Paid time off.

• Parental and FMLA leave.

• Short- and long-term disability.

• Backup care for children and elders.

• Tuition assistance.

• Professional development and continuing education support.