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Pharmacy Financial Analyst

in Sunbury, PA

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Job Description Job Attributes+

  • Job ID

    6734

  • Req ID

    21825.2

  • Job Category

    Accounting/Finance/Insurance

  • Career Area

    Corp

  • Job Type

    Full-Time

  • Career Level

    Experienced (Non-Supervisor)

  • Education Level

    G-Bachelor’s Level Degree

  • Travel

    0 - 10%

  • Job Location

    1000 S. 2nd Street
    Sunbury, PA 17801

Overview

The primary purpose of this position is to support the Pharmacy team with their strategic initiatives by performing analytic and reporting functions in support of the department’s goal to maximize pharmacy sales and profitability. This individual will be responsible for providing financial analysis utilizing data and modeling tools to evaluate pharmacy programs and ensure third party contract valuation is consistent with the terms agreements. Assist with analyzing inventory metrics including our replenishment vendor results, excessive product in stores, as well as outdated products. Evaluate Pharmacy dispensing system and clinical platform data for anomalies, medication synchronization impacts, pharmacy systems impact to optimize labor costs, and evaluate expense variance to budget. Frequent independent judgements are essential. The incumbent is also required to perform all tasks in a safe manner consistent with company policies and state/federal laws.

The associate is responsible for the functions below, in addition to other duties as assigned:

  1. Regularly monitors our Company’s pharmacy sales and profitability.
  2. Monitors, reports and projects pharmacy inventory and purchasing and provides trend and dollars adjudicated analysis to Vice President, Pharmacy and Director, Pharmacy.
  1. Monitor and report on third party performance including but not limited to pharmacy third party reimbursement and (direct and indirect remuneration) DIR processes.
  2. Produce daily, weekly, monthly and quarterly reports on key performance metrics using basic and specialized query tools to gather data from various sources and compile it for presentation to management.
  3. Compares monthly invoices to budget and determines if the expense reasonable.
  4. Assure contract compliance through payment review performed at set intervals throughout the plan year to assure agreed upon performance and financial guarantees are achieved.
  5. Assist with the evaluation, determination and recommendation of alternative network and pricing models including the understanding of the mechanics of various point of sale rebate programs available in the market.
  6. Works with Pharmacy and Accounting departments to evaluate third party contracts and performs what-if scenarios.
  7. Work with business groups to understand and communicate reporting needs to the Data Services team.  Assist in design and development of KPI dashboards and executive reports.
  8. Assists in the Pharmacy budgeting and projection process annually and throughout the year as needed.

Job Qualifications

Bachelor’s Degree in Business or other relevant field of study plus 2 years’ experience in an analytical role with a strong aptitude in query and statistical analysis tools and basic mathematical modeling. Preferred experience in retail pharmacy or managed care environment.

JOB LOCATION

1000 S. 2nd Street
Sunbury, PA  17801

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