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Drug Procurement Optimization Analyst

SouthEast Alaska Regional Health Consortium

This is a Full-time position in Juneau, AK posted April 1, 2021.

SEARHC is a non-profit health consortium which serves the health interests of the residents of Southeast Alaska.

We see our employees as our strongest assets.

It is our priority to further their development and our organization by aiding in their professional advancement.

Working at SEARHC is more than a job, it’s a fulfilling career.

We offer generous benefits, including retirement, paid time off, paid parental leave, health, dental, and vision benefits, life insurance and long and short-term disability, and more.The Drug Procurement Optimization Analyst will review Financial aspects of medication-related supply chain to assure best available contract pricing, access to special pricing and spot buys, efficient inventory management, vendor management, group purchasing organization (GPO), IHS, and wholesaler relationships, standardization, supply-chain related information systems and technology, and monthly variance reporting related to drug costs and budget.

They must have a thorough understanding of supply chain and Drug Supply Chain Security Act (DSCSA) best practices.

Additionally, they will service as the primary contact within pharmacy for the Finance Team.

The management of supply chain is critical to the success of SEARHC in ensuring that we supply the right product to our patients at the right time.

The Drug Procurement Optimization Analyst will report to the Sr.

Director of Supply Chain and AP, and work collaborative with Pharmacy Director and other clinical leaders in the areas of drug availability, and best available pricing structures through various procurement models.

The Drug Procurement Optimization Analyst will directly manage the inventory management and mitigation of medication shortages by leveraging technology and predictive ordering processes.

Additional areas of oversight include automation related to pharmacy stockroom inventory management, pharmaceutical contracting and GPO optimization activities, evaluation of outsourcing needs for high-risk compounded sterile products, and ensuring compliance with DSCSA provisions.

In addition to supply chain functions, the Drug Procurement Optimization Analyst will oversee the pharmacy’s obligations in the order-to-pay process and will work closely with finance to assure the process is completed in an accurate and timely fashion.Responsibilities include the analysis, identification and implementation of opportunities to improve quality, cost, and productivity within all aspects of department and health-system medication supply chain.

All responsibilities are accomplished in collaboration with the consortium pharmacy director and pharmacy team as well as SEARHC Financial leaders.The scope and complexity of the position requires successful incumbents to possess a diverse and highly developed skill set including but not limited to: time-management, business or supply chain analysis, communication, creativity, vision, teamwork, management, leadership, basic clinical knowledge base/skills, mentorship, and change management.The manager must be a team leader and strive to generate a vision, establish direction and motivate members, create an atmosphere of trust, leverage diverse views, coach staff, and encourage improvement and innovation.Some travel requiredACCOUNTABILITIES+ Review and analysis of pharmaceutical purchasing practices.+ Lead contracting efforts to:o Evaluate contracts related to pharmaceutical cost, distribution, technology, and automation.

o Optimization of contract compliance through evaluation and audit of wholesaler pricing systems.

o Ensure systematic and timely audit of contract changes to ensure accurate and timely pricing updates.

o Leverage contracting relationships with pharmaceutical manufacturers, vendors, and suppliers to achieve improved cost of goods.

o Manage all contracts for Pyxis as well as other systems and equipment used in the pharmacy.

+ Establish and monitor inventory tracking systems for all products to ensure product availability and supply integrity.+ Analyze and audit medication inventory systems to ensure inventories are stocked to meet the needs of patient care while minimizing costs, outdates and to promote efficiency.+ Analysis of high cost/low use inventory stocking processes to reduce cost and coordinate inventory across all sites of utilization.+ Analysis of reverse distribution procedures throughout the health-system and monitor returns to ensure adequate credit is issued.+ Lead annual inventory counts in coordination with Finance Division+ Serve as an expert advisor on supply chain forecasting related to:+ Pharmacy spend and trend budgeting+ Vendor market intelligence+ New pharmaceutical launches+ Contract / program pricing intelligence and trend reporting+ Perform analysis of contracting opportunities, calculate savings and communicate savings analysis to all levels of SEARHC leadership.+ Establish and achieve cost reduction goals.+ Perform cost/financial analysis and forecasting + Collaborate with wholesaler representatives to advantage contract and rebate opportunities.+ Provide expertise and recommendations to on cost and optimal pricing per dosage.+ Monitor variances from operating statements related to purchases, returns, inventory issues, and vendor credits.+ Review non-medication supplies to identify alternative sources of supply and cost management.+ Serve as a liaison to wholesalers and vendors for issues related to contract prices, performance, fill rates, contract compliance, and supply adherence.+ Evaluate licensing and/or regulatory certification is performed on all authorized pharmaceutical suppliers.Education: + Preferred, bachelor’s degree or higher from an accredited organization (either pharmacy or finance).

+ Minimum, Associate’s degree related to pharmacy, business analysis, or supply chain, and extensive pharmacy supply chain or healthcare finance decision support experience.

Experience:+ 3-5 years prior experience with pharmacy inventory management systems and or+ healthcare procurement and or,+ financial decision support and or,+ pharmacy distributing management experience and or,+ previous experience in pharmacy supply chain or preoperative supply chain.Knowledge, Skills, and AbilitiesKnowledge+ Knowledge of pharmacy services within an acute care environment of an integrated health system and an ever-changing environment+ Knowledge of laws and regulation regarding pharmacy and drug procurement and contracting+ Strong interest in clinical pharmacy services leadershipSkills+ Excellent verbal and written communication skills+ Effective communication skills both in written and verbal presentation with a communication style that is open and foster trust, credibility and understanding.+ Skills in prioritization, problem solving, team building, decision making, time management and strategic planning + Familiarity with various software, equipment and technology necessary to provide pharmacy servicesAbilities+ Ability to learn computer and application skills as applicable to role including medium to advanced skill levels in Microsoft 365 Office Suite applications+ Ability to work in a complex team environment and to collaborate with both external and internal professionals and other customers+ Planning and problem solving+ Developing goals and objectives, and establishing priorities+ Inspires confidence, appropriate risk taking and achievement of high standards+ Self-starter with a willingness to try new ideas+ Positive, can-do attitude coupled with a sense of urgency+ Good judgment and ability to act decisively at the right time+ Ability to persuade others and develop consensus+ Ability to effect collaborative and promote teamwork+ Ability to ensure a high level of customer satisfaction including SEARHC staff, patients, visitors, referring physicians+ Explain the benefits of your recommendations and looking at the potential impact and risks.+ Agree on the best way to put recommended changes into place with key stakeholders.

+ Oversee testing and quality checks of recommendations.

+ Work with a broad array of people at various organizational levels and backgrounds+ Present data to support business decisions+ Prioritize tasks and meet deadlines+ Anticipate issues and respond to unforeseen changes+ Record and deliver information+ Work productively alone or in team environments + Prepare forms and reports using prescribed formats+ Balance multiple priorities while working productively in stressing situations, often with deadlines or budgetary targets+ Demonstrate positive interaction with team members+ Demonstrate executive presence + Demonstrate leadership skills through influencing other organization leadersJob ID: 2021-5090 External Company Name: SouthEast Alaska Regional Health Consortium External Company URL: https://searhc.org/