MedStar Health
Overview
340B Analyst role at MedStar Health. This position conducts monitoring, analysis, investigations and special projects on behalf of the MedStar Pharmacy program to ensure compliance with 340B regulations. Primary responsibility includes positive validation of specialty pharmacy claims for 340B eligibility. The analyst assists with development of monitoring protocols and efficient and effective internal controls for the 340B operations of the Pharmacy, and performs audits that meet government agencies' requirements to self-audit (OPA and HRSA). The role requires strong analytical skills, the ability to multi-task, problem solve, and communicate effectively across various disciplines and levels of the organization. This position has a hiring range of $58,656 - $98,384. Responsibilities
Contributes to the achievement of established department goals and objectives and adheres to department policies, procedures, quality standards, and safety standards. Complies with governmental and accreditation regulations. Ensures compliance with 340B program requirements and optimization of the 340B program in the Pharmacy setting, on behalf of MedStar covered entities. Performs transactional self-audits and reports results to System 340B Manager. Represents the Pharmacy and covered entities in 340B related audits and inquiries. Obtains, analyzes, and reports data to identify and evaluate the system of control in the 340B Drug Program. Reports on financial performance to system Director of Pharmacy and Finance. Monitors GPO spend. Documents analytical findings and formulates recommendations. Identifies opportunities for 340B optimization. Reads regulations, journals, and articles related to compliance and analysis of the Pharmacy program and financial performance. Participates in conferences and/or webinars pertinent to the 340B Drug Program. Attends education/training events (internal and external). Monitors virtual accumulations for negative accumulations and buy-back opportunities, to ensure compliance and optimization on the purchasing side. Collaborates with Pharmacy Technicians/Buyers to resolve discrepancies and realize opportunities. Communicates in writing through memos, reports, and emails with clear, professional, and unambiguous language. Presents findings to department or corporate leadership as directed by management. Assists the System 340B Manager in the implementation and management of split-billing software in the Pharmacy setting. Manages multiple projects with overlapping deadlines; participates on the 340B Steering Committee; collaborates with team members to contribute effectively. Represents MedStar at external meetings and on relevant committees, task forces, and organizations; participates in community outreach and multidisciplinary quality and service improvement teams. Performs other duties as assigned. Qualifications
Education
Bachelor’s degree required Experience
3-4 years of experience in hospital or retail pharmacy environments, with 2 years in 340B required Licenses and Certifications
CPhT preferred Knowledge, Skills, And Abilities
Experience with data analysis and reporting; knowledge of pharmacy billing and reimbursement, including 340B Drug Discount Program Understanding of evolving State and Federal regulations; familiarity with requirements of prominent specialty pharmacy accrediting organizations Ability to use key software programs and applications for dispensing and therapy management as needed Knowledge of general accounting principles Proficiency with Microsoft applications; strong oral and written communication and analytical skills
#J-18808-Ljbffr
340B Analyst role at MedStar Health. This position conducts monitoring, analysis, investigations and special projects on behalf of the MedStar Pharmacy program to ensure compliance with 340B regulations. Primary responsibility includes positive validation of specialty pharmacy claims for 340B eligibility. The analyst assists with development of monitoring protocols and efficient and effective internal controls for the 340B operations of the Pharmacy, and performs audits that meet government agencies' requirements to self-audit (OPA and HRSA). The role requires strong analytical skills, the ability to multi-task, problem solve, and communicate effectively across various disciplines and levels of the organization. This position has a hiring range of $58,656 - $98,384. Responsibilities
Contributes to the achievement of established department goals and objectives and adheres to department policies, procedures, quality standards, and safety standards. Complies with governmental and accreditation regulations. Ensures compliance with 340B program requirements and optimization of the 340B program in the Pharmacy setting, on behalf of MedStar covered entities. Performs transactional self-audits and reports results to System 340B Manager. Represents the Pharmacy and covered entities in 340B related audits and inquiries. Obtains, analyzes, and reports data to identify and evaluate the system of control in the 340B Drug Program. Reports on financial performance to system Director of Pharmacy and Finance. Monitors GPO spend. Documents analytical findings and formulates recommendations. Identifies opportunities for 340B optimization. Reads regulations, journals, and articles related to compliance and analysis of the Pharmacy program and financial performance. Participates in conferences and/or webinars pertinent to the 340B Drug Program. Attends education/training events (internal and external). Monitors virtual accumulations for negative accumulations and buy-back opportunities, to ensure compliance and optimization on the purchasing side. Collaborates with Pharmacy Technicians/Buyers to resolve discrepancies and realize opportunities. Communicates in writing through memos, reports, and emails with clear, professional, and unambiguous language. Presents findings to department or corporate leadership as directed by management. Assists the System 340B Manager in the implementation and management of split-billing software in the Pharmacy setting. Manages multiple projects with overlapping deadlines; participates on the 340B Steering Committee; collaborates with team members to contribute effectively. Represents MedStar at external meetings and on relevant committees, task forces, and organizations; participates in community outreach and multidisciplinary quality and service improvement teams. Performs other duties as assigned. Qualifications
Education
Bachelor’s degree required Experience
3-4 years of experience in hospital or retail pharmacy environments, with 2 years in 340B required Licenses and Certifications
CPhT preferred Knowledge, Skills, And Abilities
Experience with data analysis and reporting; knowledge of pharmacy billing and reimbursement, including 340B Drug Discount Program Understanding of evolving State and Federal regulations; familiarity with requirements of prominent specialty pharmacy accrediting organizations Ability to use key software programs and applications for dispensing and therapy management as needed Knowledge of general accounting principles Proficiency with Microsoft applications; strong oral and written communication and analytical skills
#J-18808-Ljbffr