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Company: MedStar Medical Group
Location: Washington, DC
Career Level: Director
Industries: Not specified

Description

We are actively recruiting for a Director Pharmacy Business Operations to help lead our Clinical Pharmacy team at MedStar Georgetown University Hospital in Washington, DC.

The Director Pharmacy Business Operations is responsible for the development, implementation, support, and evaluation of pharmacy business services. This position works closely with other pharmacy and healthcare leaders to ensure proper internal business and finance controls and monitoring. This position assumes responsibility for all pharmacy supply chain and 340B financial compliance and reporting; working with local and government agencies around this program. The position is responsible for developing pharmacy business strategies around pharmacy services, 340B program optimization, ambulatory pharmacy services expansion and pharmaceutical cost control. The individual in the position must demonstrate by actions and decisions, a dedication to continual and constant quality improvement while contributing to a successful team environment and organizational success. Directly works with pharmacy department leaders on financial analysis and benchmarking in all pharmacy cost centers including department revenue and budgets. Works collaboratively within the highly integrated, cross-functional, matrix driven pharmacy leadership team.


Education
  • Bachelor's degree Graduate training in an accredited College of Pharmacy required
  • Doctoral degree PharmD preferred
  • Advanced degree in Finance, Accounting of Business preferred
  • Graduate of an ASHP-accredited pharmacy residency program (PGY-1), and/or ASHP-accredited Health System Pharmacy Administration and Leadership residency program and/or Master's Degree preferred
Experience
  • 5-7 years Pharmacy leadership experience required
  • 10+ years Pharmacy leadership experience preferred
  • Demonstration of increasing responsibility and experience in the oversight of financial and business operations in pharmacy or related programs and services preferred
  • Experience in financial analysis/reporting, and hospital finance preferred
  • Pharmacy 340B Program experience preferred
  • Experience with project management methodologies and software preferred
  • Experience in strategy development, budgeting, planning, presentation/public speaking skills, project management skills, and the ability to work with senior executives and key internal and external audiences preferred
  • Extensive experience in developing and managing budgets including ensuring revenue maximization, controlling costs, and tracking productivity: Ability to apply value analysis processes to product decision making. Proven ability to work with financial and other data and information in order develop accurate ROI and pro forma analyses to support decision making processes preferred
Licenses and Certifications
  • PharmD - licensed pharmacist in the District of Columbia or eligibility for reciprocity required
Knowledge, Skills, and Abilities
  • This position requires knowledge of strategy development, budgeting, planning, presentation/public speaking skills, project management skills, and the ability to work with senior executives and key internal and external audiences.
  • Proven ability to provide strategic direction and guide implementation of business strategies that are effective, efficient, measurable, and evidence-based.
  • Broad knowledge of hospital systems, including chargemaster, billing/collection, general ledger, payroll, admitting/discharge/transfer, patient care, and other systems.
  • Strong analytical and mathematical skills. Attention to detail and accuracy critical. Excellent organizational skills; able to prioritize work and manage time. Able to work independently with minimal supervision.
  • Extensive knowledge of and ability to oversee the financial, operational, and regulatory aspects of the 340B program.
  • Demonstrated skill in strategic and critical thinking, negotiation and relationship building.
  • Ability to facilitate meetings, develop teams, navigate difficult political scenarios, negotiate tough conversations and manage cross-functional implementation plans: Ability to communicate positively, effectively, and professionally on an interpersonal and technical level both verbally and in writing. Ability to develop and lead teams; identify objectives, make recommendations/decisions and achieve results in a fast-paced environment. Must be able to manage professional and technical staff and facilitate collaborative project work.Must demonstrate the ability to work closely with other leaders and staff to effectively implement new initiatives and strategies, ensuring that organizational and programmatic goals are met.
  • Strong knowledge of project management including resource planning and scheduling, analysis skills, negotiation, facilitation, computer skills, and development of necessary documentation, testing and training: Strong team orientation with the ability to be flexible with time and manage multiple priorities simultaneously. Good problem solving, facilitation and negotiation skills. Has responsive service orientation, positive, 'can do' approach to initiatives, problems and solutions. Must be able to identify and work to resolve barriers that impede productivity.
  • Candidate must display vision, creativity and innovation in his/her thinking and must be highly motivated and organized.
  • Develops and implements cost savings strategies for drug purchases and works with Pharmacy Leadership to evaluate, implement, and track utilization management based cost reduction initiatives.
  • Oversees multiple pharmacy and related budgets to ensure accurate projections and fiscal responsibility; ensures that significant deviations are adequately understood and appropriate action taken.
  • In partnership with 340B pharmacy team and other leaders, ensures the overall compliance and maximization of savings opportunities in the 340B Program.
  • Develops and implements new strategies across ambulatory clinics and hospitals that balance the maximization of 340B program savings with potential negative impacts to patients and physicians/providers.
  • Works closely with Revenue Cycle, Finance, and clinical and executive leadership to address issues and implement initiatives and programs that improve the patient experience and reduce costs.
  • Ensures revenue and reimbursement maximization through charge capture, appropriate billing and coding, and effective pricing strategies.
  • Provides leadership to and advises pharmacy directors and managers to ensure financial and operational targets are met.
  • Leads annual benchmarking efforts in collecting/submitting data, evaluating results, and developing strategies and staffing changes to meet benchmarking objectives.
  • Ensures that new initiatives are appropriately evaluated in regards to current and proposed healthcare regulations to mitigate risk and maximize opportunities.
  • Develops, proposes, and implements business plans, pro formas, and ROI analyses to support the clinical and other strategic initiatives of Pharmacy Services.
  • Develops and maintains financial and operational dashboards and reports for pharmacy leaders to allow for effective financial management and budgeting as well as monitoring of operational, clinical and patient safety initiatives.
  • Evaluates staff performance, objectives, standards, and personal development plans which support employee participation. Provides input to performance evaluations for growth and development of staff. If necessary, disciplining or discharging staff who fail to meet expected performance standards according to established policies.
  • Provides leadership and consultation to operational, clinical, and executive leaders both inside and external to Pharmacy on the 340B program to ensure appropriate understanding of the risks, opportunities, and complexities involved.
  • Develops and implements the goals and objectives of Pharmacy Services in the region and system in conjunction with the Pharmacy directors and managers, and other internal department leaders.
  • Leads and consults with Pharmacy Directors and Managers, Finance, and Executives on the long-range financial plan and capital budget requests to meet the financial and operational goals of the pharmacy departments.
  • Participates on Pharmacy Council with leaders from pharmacy and other disciplines to provide guidance and make decisions on pharmacy strategies and initiatives across MedStar.
  • Enhances personal development and expertise by staying current regarding services, trends, and regulatory changes in pharmacy, 340B, and the healthcare industry more broadly.

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