Fresenius Medical Center Pharmaceutical Procurement Analyst in Waltham, Massachusetts
PURPOSE AND SCOPE:
The primary role of the Pharmaceutical Procurement Analyst will be to manage all aspects of reporting and day to day oversight of all pharmaceutical products listed on the FMS Pharmaceutical Formulary. Responsible for supporting all systems used to manage the drug formulary to ensure correct contracted products listed are available to all FMS clinics. Perform analytical support to all department staff in Pharma Procurement.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
Responsible for running all monthly pharmaceutical procurement reports and serve as primary point of contact for questions related to these monthly reports..
Maintain all electronic product catalogs with national drug distributors that link to FMS Pharmaceutical Formulary.
Update and maintain all catalogs to ensure accurate pricing in all systems.
Update all systems including SAP to ensure that FMS facilities have access to purchase the most cost effective Formulary products that are linked to contracted pharmaceutical suppliers.
Support Corporate Medical and Clinical Services departments to drive FMS clinics compliance to the FMS drug formulary.
Assist Pharma Procurement leaders in review of all available direct and Group Purchasing Contracts to determine the best pricing available by generic drug class for any multi source medications listed on FMS Pharmaceutical Formulary.
Conduct daily oversight of the daily SAP Pharma distributor interface.
Assist FMS Corporate and Division Finance Centers in resolving any problems encountered with the interface. Follow up with all impacted groups
Serve as a liaison between FMS Finance offices and Corporate SAP IT Team to address any technical issues with the SAP Pharma distributor interface program.
Maintain all pharmaceutical contract reporting and provide updates to FMS Finance and other key stakeholders to provide critical senior management reports to track the usage of all ESA and other key medications in use in the NA facilities.
Work in collaboration with FMS Supply Chain to maintain and update all pharmaceutical purchase forecast models.
Work in collaboration with FMS Corporate Accounting to monitor any pharmaceutical contract rebates earned to ensure accuracy and timeliness of all rebates paid by all contracted suppliers.
Validate pharmaceutical sales reports released by national drug distributor against chargeback reports received by all FMCNA contract pharmaceutical supplier. Work with distributor and suppliers to reconcile any sales discrepancies.
Work independently to produce analysis and metrics as needed to support all aspects of Pharma Procurement.
Provide bid and contract proposal analysis.
Performs analysis to support Pharma Procurement projects and collaborate with cross functional teams to ensure all analysis needs are met.
Assist with medication related projects including pilots for new medications and roll out of any new drugs added to the FMS Pharmaceutical Formulary.
Deal directly with contracted Third Party Logistics (currently ICS) warehouse on all aspects of the ordering and distribution of category specific medications being deployed by FMCNA.
Improve and automate existing pharmaceutical analysis and reporting tools and methodologies.
Be cross trained in other Pharma Procurement department functions activity to serve as back-up when necessary.
Serve as primary backup to Pharmaceutical Customer Service Project Specialist
Assist with various projects as assigned by direct supervisor.
Other duties as assigned.
Additional responsibilities may include focus on one or more departments or locations. See applicable addendum for department or location specific functions.
PHYSICAL DEMANDS AND WORKING CONDITIONS :
The physical demands and work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Bachelor’s Degree preferred in finance, business law or science/engineering
EXPERIENCE AND REQUIRED SKILLS:
3 – 5 years of related procurement experience required.
Healthcare and/or Pharmaceutical experience a plus
Must have strong Excel skills, and demonstrate a desire to further develop these analytical skills.
Ability to work independently.
Technical aptitude and familiarity with the use of Source to Order supply chain systems.
Ability to quickly learn company systems including SAP and other inventory replenishment systems.
Understanding of financial metrics and their impact on overall profitability.
Familiarity with supply chain management concepts.
Possess strong problem solving skills.
Strong, clear communications skills with the ability to interact with large teams.
Strong presentation skills and the ability to present financial statistical data to senior management teams.
Able to read, write and verbally articulate pharmaceutical product inventory issues.
Ability to comfortably review and present financial information.
Able to handle stressful situations without disrupting work performance or projects.
Able to support and work in a fast paced team environment.
Able to manage tasks on multiple projects in an organized fashion.
Preferred - Process improvement, Lean Six Sigma
Project management skills a plus.
EO/AA Employer: Minorities/Females/Veterans/Disability/Sexual Orientation/Gender Identity