Pharmacy Analyst-Central

Brief Description The Pharmacy Analyst plays a critical role in optimizing the operational efficiency of the Pharmacy and 340B Program. This position is responsible for fiscal management, data analysis, inventory oversight, and maintaining accurate departmental metrics and reports. By developing and delivering high-quality analytics, the Pharmacy Analyst supports leadership and finance teams in driving efficiency, compliance, and revenue optimization. A key responsibility includes auditing processes to ensure adherence to 340B regulations and Arizona Board of Pharmacy standards.

Essential Functions

• Prepares, creates, presents, and reports monthly pharmacy analytics, including financial metrics to identify baseline metrics, trends and improvement opportunities.
• Provides financial data to the Pharmacy & Therapeutics Committee for drug evaluations and therapeutic interchange opportunities.
• Tracks monthly budget variances and analyzes significant changes; prepares year-end budget reconciliation reports by cost center and account.
• Ensures accuracy and timeliness of departmental billing procedures.
• Collaborates with Finance and leadership to review underpayments, denials, and reimbursement issues.
• Manages rebate and claim submissions, ensuring proper reconciliation.
• Oversees inventory purchasing processes and monitors purchasing for contract compliance and accurate pricing; identifies cost-saving opportunities and communicates findings to leadership.
• Supports improvement initiatives by developing data extracts to identify weaknesses and opportunities for enhancing patient satisfaction, organizational growth, and revenue.
• Maintains compliance with 340B program requirements, including patient, drug, provider, vendor, payer, and location eligibility.
• Updates system databases to reflect formulary changes and product specifications.
• Maintains current policies and procedures for 340B purchasing and participate in all program audits.
• Complies with Drug Supply Chain Security Act requirements for purchasing and distribution.
• Maintains regular and predictable attendance.
• Performs other duties as assigned.

Minimum Qualifications:

• Bachelor’s degree in Finance, Healthcare Analytics, Pharmacy, Mathematics or related field; and minimum two (2) years of professional experience in healthcare, preferably pharmacy; or
• High School Diploma or General Education Development (GED) equivalent and six (6) years of relevant experience in Finance, Analytics, Pharmacy or related field.

Preferred Qualifications

• Experience with 340B program administration
• Background in data analysis or healthcare planning.