Pharmacy Bus. Operations Financial Spclst- Inpatient

Summary:

Reports to Pharmacy Business Manager. Prepares budget completes forecasting and financial/operational analyses for Lifespan affiliate inpatient pharmacies at Rhode Island Hospital The Miriam Hospital Newport Hospital and Bradley Hospital. Responsible for oversight of business operations for affiliate inpatient pharmacies. Provide support to other pharmacy areas as needed.

 

Responsibilities:

PRINCIPAL DUTIES AND RESPONSIBILITIES:

Is responsible for knowing and acting in accordance with the principles of the Lifespan Corporate Compliance Program and Code of Conduct.

Participates in the development and implementation of inpatient pharmacy operating and capital budgets. Assists directors and managers in the timely and accurate completion of their operating and capital budgets. Prepares short and long-range financial planning analyses/forecasts for administration and department managers. Tracks inpatient pharmacy system-wide capital expenditures reconciling to Lifespan Finance reports.

 Analyzes financial and statistical data used in forecasting and financial operations.Reviews evaluates and reports on monthly actual to budget variances. Researches significant variances and works with appropriate team members to reconcile. Monitors revenue and expenses including departmental charge backs across the inpatient pharmacy enterprise and follows up with managers on items of concerns. Monitors drug expenses and investigates fluctuations.

 Keeps Business Manager informed on areas of concern which may affect the financial planning/budgeting process.

 Prepares and tracks Position Control Change Forms for inpatient pharmacies. Monitors overtime labor and productivity reports and follows up with managers on areas of concern. Compiles pharmacy performance data and reports monthly to Operations Performance Improvement Committee (OPIC).

 Plans coordinates monitors verifies and analyzes special project and activities in the pharmacy departments budgeting forecasting and product line development. Ensures accuracy efficiency and integrity of all manual and automated planning information systems pertaining to budgeting forecasting and product line development.

 Troubleshoots existing and/or potential problems in financial planning process recommending changes as appropriate.

 Develops and maintains working relationship with Lifespan finance and information services departments to facilitate full data exchange.

 Participates in administrative staff meetings committees and quality improvement teams as required.

 Designs and develops educational materials for interpreting and communicating results of financial analyses to pharmacy leadership. Contributes to development of departmental policies and procedures.

 Performs other related duties as required.

 

Other information:

BASIC KNOWLEDGE:

 Bachelor�s degree required concentration in accounting finance or healthcare preferred. MBA highly desirable

Expertise and proficiency with accounting procedures financial operating systems data collection and data processing. Decision support and cost accounting knowledge strongly desired.

 

EXPERIENCE:

Three years progressively more responsible experience in health care with working knowledge of operating and capital budgets reimbursement forecasting revenue cycle management and financial reporting.

 Proficient with Microsoft Office Suite.

 Experience with PowerBI EPSI and Datawatch preferred.

WORK ENVIRONMENT AND PHYSICAL REQUIREMENTS:

Work is performed in a typical office environment requiring extended periods of sitting.

 Requires the visual acuity and manual dexterity necessary to operate a computer and use a typical keyboard and computer mouse to navigate screens on multiple computer monitors.

 May require occasional travel between affiliates.

INDEPENDENT ACTION:

Performs independently within department policies and procedures

 Refers specific complex problems to supervisor where clarification of departmental policies and procedures may be required.

SUPERVISORY RESPONSIBILITY:
None

 

Lifespan is an Equal Opportunity / Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin age ethnicity sexual orientation ancestry genetics gender identity or expression disability protected veteran or marital status.   Lifespan is a VEVRAA Federal Contractor.

 

Location: Rhode Island Hospital USA:RI:Providence

 

Work Type: Full Time

 

Shift: Shift 1

 

Union: Non-Union