Presbyterian Healthcare Services
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340B ANALYST III
at Presbyterian Healthcare Services
- Requisition ID
- Finance and Accounting
- Location : Location
Type of Opportunity: Full Time
Work Schedule: Weekday Schedule Monday-Friday
This position supports both the compliance and financial operations of the 340B program for Presbyterian Hospitals. This role involves investigating, responding, and reporting accurate data related to the 340B program?s split billing and contract pharmacy operations. The 340B Analyst III will use multiple data sources and multiple business intelligence tools to analyze statistical and financial information in order to recommend strategies for optimizing 340B program initiatives. This position will provide analytical support for all operations, initiatives and implementations.
*Extract, aggregate, and analyze large data sets and complex data files from multiple sources for purposes of strengthening compliance and optimizing revenue. Recommend strategies for process development and program modifications.
*Ensure regulatory compliance by aligning internal operational processes with 340B program regulations, policies, and procedures.
*Reconcile multiple data sources to identify variances and risks for compliance and financial optimization. Identify and troubleshoot system issues as they relate to 340B program data feeds and processes. Perform root cause analysis and follow up with appropriate system corrections and preventions.
*Develop database queries to generate targeted samples for transaction testing. Coordinate prepare auditing reports, conduct table top self-audits, document and track all issues. Analyze issues for compliance improvement opportunities. Follow up on audit action plan assignments and resolutions.
*Identify and quantify financial program impacts such as program growth, contract modifications, price fluctuations, and revenue and expense trends. Develop reporting to measure program performance and management.
*Review monthly accounting reports and journal entries, aggregating and validating all results. Quantify and explain budget to actual variances and provide budget re-projections. Perform financial reconciliations to support the monthly financial close process.
*Develop annual operating revenue budgets for the contract pharmacy program segment.
*Test and validate system implementations, configuration changes, and programming enhancements for accuracy and effectiveness of system objectives.
*Collaborate with other departments to understand upstream and downstream effects of data feeds. Develop interdepartmental reporting to support 340B operations.
*Leverage junior level department analysts to develop metrics, financial models, reporting and analysis to support a variety of financial and operating activities.
BA/BS degree in finance, economics, statistics or other quantitative background. Master?s degree preferred. 5 or more years of progressive, financial or analytical experience, preferably in a healthcare setting. Strong working knowledge and/or experience with Microsoft Office products Excel, Access, Word, PowerPoint, relational databases, and other analytical tools. Prior Business Objects and healthcare experience preferred. IT related pharmacy experience desirable.
Excellent data analysis skills with the demonstrated ability to act on analysis results. Ability to work independently while managing multiple tasks and meeting established deadlines.
* Bachelor Degree
Benefits are effective day-one (for .45 FTE and above) and include:
- Competitive salaries
- Full medical, dental and vision insurance
- Flexible spending accounts (FSAs)
- Free wellness programs
- Paid time off (PTO)
- Retirement plans, including matching employer contributions
- Continuing education and career development opportunities
- Life insurance and short/long term disability programs
Presbyterian Healthcare Services is a locally owned, not-for-profit healthcare system of nine hospitals, a statewide health plan and a growing multi-specialty medical group. Founded in New Mexico in 1908, it is the state's largest private employer with approximately 11,000 employees.
Presbyterian's story is really the story of the remarkable people who have chosen to work here. Starting with Reverend Cooper who began our journey in 1908, the hard work of thousands of physicians, employees, board members, and other volunteers brought Presbyterian from a tiny tuberculosis sanatorium to a statewide healthcare system, serving more than 700,000 New Mexicans.
We are part of New Mexico's history - and committed to its future. That is why we will continue to work just as hard and care just as deeply to serve New Mexico for years to come.
About New Mexico
New Mexico's unique blend of Spanish, Mexican and Native American influences contribute to a culturally rich lifestyle. Add in Albuquerque's International Balloon Fiesta, Los Alamos' nuclear scientists, Roswell's visitors from outer space, and Santa Fe's artists, and you get an eclectic mix of people, places and experiences that make this state great.
Cities in New Mexico are continually ranked among the nation's best places to work and live by Forbes magazine, Kiplinger's Personal Finance, and other corporate and government relocation managers like Worldwide ERC.
New Mexico offers endless recreational opportunities to explore, and enjoy an active lifestyle. Venture off the beaten path, challenge your body in the elements, or open yourself up to the expansive sky. From hiking, golfing and biking to skiing, snowboarding and boating, it's all available among our beautiful wonders of the west.
AA/EOE/VET/DISABLED. PHS is a drug-free and tobacco-free employer with smoke free campuses.