Sr. Pharmacy Business Intelligence Advisor

Baystate Health - Springfield, MA

Full-time - Mid Level

Springfield, MA

10,001+ employees

Hospitals

About the position

The Sr. Pharmacy Business Intelligence Advisor at Baystate Health plays a crucial role in supporting the financial and operational intelligence of the Pharmacy enterprise. This position serves as the financial point of contact and strategic finance partner for all pharmacy services, including inpatient, outpatient, retail, specialty, and infusion pharmacy business lines. The advisor is responsible for analyzing quantitative and qualitative data to support business decisions and enhance the financial infrastructure of the pharmacy services across the health system.

Responsibilities

• Oversees the programmatic direction of strategic Pharmacy initiatives, inclusive of all financial aspects of the 340B Federal Drug Discount Program.
• Uses standard or ad hoc queries or reports to extract data from disparate databases or data sources, analyzes data to produce dashboards, metrics, or insights, and identifies trends or anomalies.
• Collaborates with development teams to design business intelligence solutions to facilitate data gathering, storage, and retrieval.
• Provides significant analytical support, including the preparation and presentation of analyses, to assist BH Senior Leadership in assessing market share, methods of service delivery, potential for consolidation or expansion of services across BH, labor costs, staffing patterns, overhead, etc.
• Serves as the Pharmacy Business Operations team's internal expert on complex, multi-dimensional financial analyses that often require collaboration with Shields Health Solutions, Cardinal Health, and many other strategic partners.
• Manages a team of financial professionals who assist in developing new programs and strategies for improving the patient and customer experience as well as the overall financial condition of Baystate Health's Pharmacy Enterprise.
• Serves as the Program's key information system strategist, providing consulting & oversight to the internal business team in pursuing improvements and synergies in selection, development and/or implementation, and maintenance of relevant information systems.
• Leads Pharmacy financial operations to achieve business objectives by increasing sales and gross margins, limiting expenses, and creating and monitoring department performance metrics and dashboards.
• Designs, implements, coordinates, and monitors operating and capital budgets, reporting on budget variances and other significant issues to management.
• Works collaboratively with all team members to enhance and assist in financial reporting for the entire Pharmacy Enterprise.

Requirements

• Bachelor of Arts in Accounting, Finance, Business Administration, or related field.
• 7+ years of leadership/management business experience.
• Excellent oral and written communication skills.
• Strong management experience and entrepreneurial interest.
• Ability to team-build, lead, and work collaboratively with interdisciplinary professionals.
• Experience with implementing, maintaining, and fully utilizing various business software applications.
• Knowledge of operational financial management concepts such as flexible budgeting, productivity management, benchmarking, net revenue modeling, and cost accounting.
• Strong interpersonal skills and a desire to provide a high level of customer service.

Nice-to-haves

• Master of Business Administration (MBA)

Benefits

• Excellent Compensation
• High-quality, low-cost medical, dental and vision insurance
• Generous PTO
• Continuing education support and reimbursement
• Farm Share Memberships
• 403b retirement company match & annual company contribution increase based on years of service
• Free money coach advice from a certified professional
• Wellbeing programs that include mental, physical, and financial health
• Pet, home, auto and personal insurance
• Life insurance
• Reimbursement for a variety of wellbeing activities, including gym membership and equipment, personal trainer, massage, etc.