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About the Organization: The organization is a distinguished not-for-profit healthcare facility, boasting 400+ beds and a strong commitment to providing exceptional care. As a Magnet facility and Level I Trauma Center, the organization upholds the highest standards in patient care. Valuing diversity, inclusivity, and the collective contributions of its team, the organization serves patients from local communities and across the globe. Joining this team means making a meaningful impact on patients’ lives and one’s own.
Position Summary: The Director of Business & Finance, Pharmacy will assume a pivotal role within the organization, overseeing financial strategy, budgeting, and business operations pertaining to pharmacy services. Reporting directly to the Vice President, Chief Pharmacy & Therapeutics Officer, the Director will manage a small team of analysts and program administrators. This role encompasses responsibility for multiple sites, including three hospitals and various outpatient settings.
Key Responsibilities:
• Develops and executes an enterprise-wide financial strategy for pharmaceutical care in collaboration with the Chief Pharmacy Officer and peer directors.
• Partners closely with Finance, Patient Care Services finance team, Supply Chain, Office of General Counsel, and Compliance to ensure the achievement of pharmacy financial targets and business goals.
• Collaborates with Pharmacy leadership to develop operating and capital budgets for pharmacy cost centers.
• Prepares and monitors monthly financial reports for inpatient, ambulatory, specialty, and research pharmacy, including forecasting drug expenses for budget planning.
• Directs business operations and financial management for the pharmacy enterprise, encompassing Pharmacy Supply Chain, Pharmacy Finance, Specialty Pharmacy, and the 340B Program.
• Works with Revenue Integrity to ensure the integrity, efficiency, and effectiveness of the revenue cycle.
• Leads pharmacy personnel involved in purchasing, receiving, billing, 340B program analysis, and pharmacy business analysis.
• Provides support for business plans and financial modeling projects.
• Establishes vendor relations and negotiates contracts with support from relevant departments and agencies.
• Contributes as an integral member of the Pharmacy Leadership Team.
Qualifications:
• The candidate should possess a master’s degree in business administration, Health Care Administration, or a closely related field.
• A minimum of 5 years of prior pharmacy business-related experience is required.
• Strong analytical skills for problem-solving and data analysis.
• Knowledge of budget management.
• Experience with contracts and agreements.
• Proficiency in contemporary analysis software.
• Ability to effectively manage employees, negotiate with peer-level managers, and mediate solutions to conflicting issues.
Benefits: The organization offers competitive compensation and a comprehensive benefits package, including:
• Flexible schedules
• Affordable health, vision, and dental insurance
• Childcare and student loan subsidies
• Generous time off
• 403(b) Retirement Savings plan
• Pension
• Tuition and certain License and Certification Reimbursement
• Cell phone plan discounts
• Discounted rates on T-passes
Candidates are invited to join the organization’s team and experience the rewards of working in a passionate and collaborative environment. Their unique contributions can change lives, and they are encouraged to apply today to become an integral part of this diverse and dedicated healthcare community.
