Sr. Pharmacy Business Analyst

This position is involved in a variety of aspects related to Pharmacy, which include partnering with Finance, Information Technology, Revenue Cycle, Supply Chain, and other organizational stakeholders to develop enterprise-aligned analytical solutions and support strategic decision-making. The Senior Business Analyst is a trusted partner that understands the interconnected strategic objectives of the Pharmacy, hospital, and Specialty Pharmacy to develop effective analytic solutions that drive financial and operational results.

Position Summary
The Senior Business Analyst is a key member of the Pharmacy team, responsible for building innovative analytic solutions that measure and improve all areas of Pharmacy performance. This position collaborates closely with Pharmacy leadership to define requirements and develop and deploy data-driven solutions, including reports, presentations, interactive dashboards, and predictive models. The Senior Business Analyst is a trusted partner that understands the interconnected strategic objectives of the Pharmacy, hospital, and Specialty Pharmacy to develop effective analytic solutions that drive financial and operational results. This position is involved in a variety of aspects related to Pharmacy, which include partnering with Finance, Information Technology, Revenue Cycle, Supply Chain, and other organizational stakeholders to develop enterprise-aligned analytical solutions and support strategic decision-making. The position will report to the Director of Business Operations, Pharmacy.

Key Responsibilities

• Develops, monitors, and manages Pharmacy operating and capital budgets, including monthly budget targets, forecasts, variance analysis, and identification of corrective actions.
• Monitors and audits department-level financial performance, including pharmaceutical expense,
• drug utilization, revenue, and other key expense drivers.
• Performs ad-hoc reporting, financial and statistical comparative analyses, variance analyses,
• trend information, benchmarking, new program review, financial projections, and financial and
• statistical models for Pharmacy and other stakeholders.
• Oversees the production and analysis of regularly scheduled financial reports. Interprets,
• reviews, summarizes, and presents financial results, identifying drivers and associated impact,
• highlighting areas of concern and significant variances.
• Prepares, analyzes, and distributes various advanced analytical reports for financial statement
• processing and as necessary for meetings and committees.
• Identifies and evaluates opportunities to improve Pharmacy revenue capture, reimbursement,
• billing accuracy, and recovery of underpayments, including analysis of charge capture and
• revenue-cycle processes.
• Maintains in an organized manner all budget supporting back up. This includes budget journal
• entries with documentation, and various report reconciliations
• Assists other Pharmacy team members on their analysis to ensure consistency and alignment
• of the department and hospital goals.
• Serves as a subject matter expert in business intelligence and data visualization tools and
• techniques, developing intuitive dashboards and visual analytics that enable leaders to evaluate
• performance and make informed strategic decisions.
• Ensures the accuracy, integrity, consistency, and appropriate definition of data used in
• Pharmacy reporting and analytics; investigates and resolves data quality issues in collaboration
• with appropriate stakeholders.
• Implements process improvements and process automation to streamline and optimize the
• production of ongoing analytic deliverables for the Pharmacy areas, especially the Specialty
• Pharmacy.
• Builds and implements predictive models that effectively use data to drive improvements in
• targeting, segmentation, and messaging.
• Develops, maintains, and enhances data repositories and analytical data sets supporting
• Pharmacy operations.
• Defines key data elements, data requirements, data collection methodologies, and data quality
• standards to ensure accurate, reliable, and consistent reporting.
• Provides positive and effective customer service that supports department and hospital operations.

Minimum Qualifications

Education:

• Bachelor's degree

Experience:

• 5 years of related experience in healthcare analytics, operational analysis, business analysis, finance analytics, or a related role.
• Experience in hospital pharmacy, specialty pharmacy, supply chain, or other healthcare operational setting is preferred