Pharmacy Business Manager - Pennsylvania Hospital

Responsibilities:

• High emphasis on Pharmacy Services Business Management and Operations: Responsible for monitoring and reporting all financial activities of the Inpatient, Infusion, Retail and Investigational Drugs Services at Pennsylvania Hospital.
• 340B Drug Savings Program Management: Responsible for all aspects of the 340B Drug Savings Program including 340B system maintenance and optimization, program compliance and daily operations.
• Business/Programmatic Planning: Assists the Director of Pharmacy and Senior Director of Hospital Clinical Operations with development of department strategic plan and budget.
• Revenue Cycle Management: Manages revenue cycle processes including billing and documentation integrity, charge reconciliation, and “work queue deficiencies”. Collaborates with hospital finance and clinical leadership to maintain compliance with charge and data capture. Provides continuous feedback regarding areas of opportunity for continuous improvement.
• Fiscal Accountability: Develops financial analysis to support strategic decisions using analytical tools. Managing to financial targets. Proactively monitors and interprets ongoing financial performance and responds strategically. Analyzes and assesses budget variances due to the over or under consumption of resources related to a particular period of time. Assesses all expense categories, including salary variances and productivity. Acts as a resource to clinical managers in the assistance of such analyses.
• Capital Purchases: Assess the ongoing needs related to capital and minor equipment. Plans appropriately for the efficient use of allocated funds to ensure needs are met consistent with clinical priorities throughout the division. Implements plans for capital and minor equipment in collaboration with physicians and hospital leadership. Execute Capital Purchase through the CER process. Attend Capital Committee meetings/reviews.

Education or Equivalent Experience:

• Bachelors degree in Healthcare, Business Administration, or Finance and 5+ years Healthcare experience, preferably operational experience with Pharmacy or other Allied Health area required.
• Master of Arts or Science in Healthcare, Business Administration and 3+ years Healthcare experience, preferably operational experience with Pharmacy or other Allied Health area peferred.