340B Analyst

340B Analyst Hybrid • Cumberland Family Medical Center - Burkesville, KY 42717 Quick Apply Overview Position Type Full Time Category Finance Quick Apply Description 340B Analyst Cumberland Family Medical Center (CFMC) operates a Federally Qualified Health Center (FQHC) offering a wide range of health and social services at multiple sites throughout Kentucky. We seek employees who support our mission and who actively contribute to our service-driven environment by enhancing patient experience and improving productivity. CFMC offers compassionate care, uncompromising service and clinical excellence. We offer a collaborative environment with excellent benefits, wage/salary commensurate with experience and relevant work experience. Essential Functions: Ensure compliance with 340B Program requirements for qualified patients, drugs, and locations R e v i e w 340B Program p o li c i es and p r o ce d u r es o n an o n g o i n g b a s i s a n d o f f e r co n tr i b u t i o n s a n d ch a n g es t o e n s u r e 3 4 0B comp li a n ce Regularly review provider and patient workflows for qualified referral claim capture opportunities. D e v e l op s y s t ems a n d pr oc e sses t o l i m i t pr o gr a m li a bi l i t i es and p r o v i de pr o p e r a u d i t s t o i d e nt i f y r i s k a n d pre v e n t d u p li cate d i sco u nts a n d d i v ersi o n. B e i n v o l v ed i n any and a l l 340B Program a u d i t s. P e r f o r m a u d i t s on a sch e d ul ed b a s i s; m ay i n v o l v e prese n t i ng a n d r es ol v i ng r ec o nc ili ati o n iss u es as t h e y arise d u r i ng t he m o n i t ori n g and r ec o nc ili ati o n p r oc e s s. P e r f o r m m o n t h l y a u d i t s o f co n tr a c t p h a r m ac i es. P e r f o r m m o n t h l y se l f- a u d i t s o f 3 4 0B p h a r m acy o p era t i o n s. Manage drug selection, procurement, inventory control, and coordinate 340B program. Maintain system databases to reflect changes in the drug formulary or product specifications. Provide proactive education to staff on policies and procedures related to inventory management and 340B procedures. Expand professional development through related classes and seminars, current publications, and regional/national association membership educational trainings. Review and refine monthly 340B cost savings report detailing purchasing and replacement practices, as well as dispensing patterns. Monitor ordering processes, integrating the most current pricing from wholesaler. Analyze invoices, shipping, and inventory processes. Communicate with leadership within CFMC to include the impact of drug expenditures on new initiatives and changes to existing services. Coordinate drug product contracting. Monitor and analyze purchasing contracts and vendor program offerings to identify opportunities to reduce the cost of pharmaceuticals. Monitor wholesaler and vendor compliance with contract terms through periodic testing. Ensure that drugs and pharmacy related supplies are acquired at the best possible advantage by integrating formularies, driving market share, and coordinating initiatives to minimize drug costs. Plan, implement and evaluate technology and information support systems to continuously improve the efficiency and effectiveness of pharmaceutical care and billing processes. Other duties as assigned. Qualifications Requirements: Education: High School Diploma or GED. Experience: Financial operations and/or pharmacy operations experience in the healthcare environment preferred. Attend proper 340B quality assurance training as appropriate. Complete 340B University OnDemand training based on roles/responsibilities. Schedule Requirements: Full-time position, 5 days per week, hybrid schedule available following introductory period. Work schedules are set at the discretion of CFMC and may be adjusted at any time based on the operational needs of the organization. Compensation : Negotiable based on experience Benefits : Health, Vision, Dental, Life, STD, LTD, 401K, PTO, and Holidays