Senior Financial Analyst, Pharmacy


: $107,255.00 - $156,260.00 /year *

Employment Type

: Full-Time


: Scientific Research

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Reporting to Pharmacy's Finance Manager, the Senior Financial Analyst oversees analysis and reporting of the hospital's drug utilization, drug spending, and drug revenue including variances to budget. The position entails financial modeling, financial impact analysis, expense and revenue forecasting, markup analysis, and ad hoc reports. Drug utilization analysis and reporting typically involves synthesis via pivot table of 50+ reports from multiple databases. The Pharmacy Budget and Revenue Specialist will also participate in modeling and monitoring department productivity, applying practice and production area-specific metrics to optimize schedule coverage and labor efficiency.. Plans, develops, communicates a >$285mm hospital drug budget involving more than 150 GH and MGPO practices in addition to the inpatient, retail outpatient, and ambulatory oncology budgets that roll directly to the Chief of Pharmacy. Produces bottom-up, item-detail budget workups and executive-level budget summaries for the CPO, MGH Budget/Finance Office, and practice areas. Works with GH and MGPO departments to align pharmacy's budget recommendations with their practice-specific drug utilization criteria and revenue targets.. Evaluates drug spend performance by business area and develops reporting strategies for utilization reviews. Oversees Pharmacy's day-to-day relationship with the MGH Budget/Finance office. Liaises with GH and MGPO ambulatory department business owners regarding their drug budgets, advises them on variances.. Participates in collaborative efforts and take lead role in overseeing interdisciplinary resources within the department (e.g. Informatics, Supply Chain, Clinical Pharmacy, Administration) to enhance financial performance. Audits non-compliant activities that negatively affect results.. Monitors pharmacy operations (main campus and satellites) to assess the financial impact of operational changes and mitigate unintended consequences on expense and revenue. Engages resources external to Pharmacy (e.g. MGH Budget/Finance, MGH Revenue, PHS Accounting, and PHS Revenue Operations) to promote expense and Revenue visibility and maintain drug margins.. Qualifications. QUALIFICATIONS:. Bachelor's degree and a minimum of 6 years experience in a business setting, preferably healthcare, involving budgetary responsibility.. MBA, MHA or comparable advanced degree strongly preferred.. Fluency with financial analysis in a health care setting.. Familiarity with EPSi or a comparable healthcare decision support platform.. Ability to work independently and deliver on tight deadlines.. Ability to lead cross-functional teams to drive positive financial results; self-directed and able to take initiative with minimal supervision.. Strong writing skills and the ability to interpret the interrelationship between pharmacy finance and pharmacy informatics.. Capable of working across functional areas and at different levels of the organization.. Ability to analyze and interpret financial and operational data and summarize key findings.. Ability to present information to senior managers, take questions under pressure, and make recommendations.. WORKING CONDITIONS:. The work environment is busy and dynamic.. There are often multiple initiatives and multiple conversations underway at the same time - incumbent must be comfortable in an environment that is rarely quiet.. EEO Statement. Massachusetts General Hospital is an Equal Opportunity Employer.By embracing diverse skills, perspectives and ideas, we choose to lead. Applications from protected veterans and individuals with disabilities are strongly encouraged.. Primary Location: MA-Revere-MGH Revere HealthCare Center. Work Locations: MGH Revere HealthCare Center 300 Ocean Avenue Revere 02151. Founded in 1811, Massachusetts General Hospital is the third oldest general hospital in the United States and the oldest and largest in N...
Associated topics: antibody, drug development, health, histology, immuno oncology, injury, nephrology, pharmacy, therapy, vaccine * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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