Sr Financial Analyst - Pharmacy

Summary:

• This is a hybrid position
• The Sr Financial Analyst - Pharmacy Operations would provide end to end financial analysis across acquisition, and reimbursement processes.

Investigate pharmacy drug spend across health system for all settings (hospital, outpatient, home) and identify opportunities to leverage various discount programs (GPO, 340B, etc.). Additionally, research billing requirements for drug reimbursement and develop/maintain modeling of expected payments on drugs/pharmacological supplies for third party payors and follow-up on identified variances.

Responsibilities:

As listed below, with a focus on pharmacy departments (inpatient, outpatient, 340B): (10%)

• Assists pharmacy leaders in preparing annual operating budget and explain monthly variances (45%)
• Prepares cost/acquisition analysis for pharmacy departments as requested with the time frames stated. (45%)
• Prepares drug reimbursement analysis for pharmacy departments as requested with the time frames stated.

OTHER DUTIES AND RESPONSIBILITES

Demonstrates understanding of integrated system applications particularly enterprise resource planning (Infor) and electronic medical records /pharmacy inventory system(Epic). Facilitates the collection of accurate and complete data. Assures integrity of data is developed and maintained. Audits and consults with users to ensure data integrity. Develops system to gather data to support medical staff activities such as drug utilization, wholesaler account contract discrepancies, surgical case review, infection control, etc. Prepare and present findings to pharmacy operations and finance leaders. Takes initiative to take on extra assignments or to assist others during periods of increased activity. MyMichigan Health is a technology driven organization and employees need to demonstrate competency in Microsoft® Windows. An employee may be required to participate in further learning opportunities offered by MyMichigan Health.

Certifications and Licensures:

N/A Required Education:

Education:

Bachelors Degree Comments:

Bachelor's Degrees, Business related field required. Experience with financial system, integrated financial decision support system with clinical components, strongly preferred.

Other Information:

EXPERIENCE, TRAINING, AND SKILLS

Knowledge of data analysis interpretation, writing skills, and complete knowledge of Microsoft Suite required. Ability to work in teams in a collaborative manner. Creative, flexible, open to change, results-oriented, organized. Demonstrates critical thinking and ability to resolve problems. Strong understanding of statistical methods. Excellent interpersonal and relationship building skills. Ability to understand and apply current available databases to hospital practice patterns. Demonstrated ability of project management. Demonstrate a positive, courteous, and helpful attitude toward co-workers within and outside of the department. Tuberculosis (TB) testing must be done according to MIOSHA (Michigan Occupational Safety Health Administration) standards. Mandatory Occupational Safety and Health Administration (OSHA) training must be completed annually according to the Exposure Control Plan.

PHYSICAL/MENTAL REQUIREMENTS AND TYPICAL WORKING CONDITIONS

Exposure to stressful situations, including those involving public contact, as well as trauma, grief and death. Able to wear personal protective equipment that includes latex materials or appropriate substitute if required for your position. Is able to move freely about facility with or without an assisted device and must be able to perform the functions of the job as outlined in the job description. Overall vision and hearing are necessary with or without assisted device(s). Frequently required to sit/stand/walk for long periods of time. May require frequent postural charges such as stooping, kneeling, or crouching. Some exposure to blood borne pathogens and other potentially infectious material. Must follow MyMichigan Health blood borne pathogen and TB testing as required. Ability to handle multiple tasks, get along with others, work independently, regular and predictable attendance and ability to stay awake. Overall dexterity is required including handling, reaching, grasping, fingering, and feeling. May require repetition of these movements on a regular to frequent basis.

Physical Demand Level:

Sedentary . Must be able to occasionally (0-33% of the workday) lift or carry 0-10 lbs. Equivalent Experience and Other Comments (Education):