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340B Financial Analyst

Role overview

Summary

The 340B Financial Analyst role focuses on analyzing the financial performance of the pharmacy and its programs at DAP Health. This position supports the Pharmacy Administration Director by providing insights that inform strategic decision-making and ensures compliance with the organization’s pharmacy program.

Qualifications

  • Experience in financial analysis and reporting.
  • Knowledge of 340B pharmacy operations.
  • Ability to prepare financial statements and perform ratio analysis.
  • Strong communication skills.
  • Preferred: Experience with accounting systems.

Responsibilities

  • Analyze trends, costs, revenues, financial commitments, and other obligations to enhance financial modeling.
  • Prepare a standard set of financial and analytical reports at month-end and year-end.
  • Submit and track required 340B data to ensure timely manufacturer payments and conduct periodic audits of 340B pricing.
  • Maintain ongoing operations of the Agency’s 340B Pharmacy Program by performing quarterly audits of OPAIS records.

Key facts

Hard skills

Other skills

  • Budgeting
  • Forecasting
  • Communication
  • Teamwork

About the company

DAP Health logo

DAP Health

  • Medical Practices & Clinics
  • SME
  • 201–500
DAP Health is an advocacy-based health center in Palm Springs, CA offering medical and mental health care, STI testing and treatment, dentistry, pharmacy, and lab services. A variety of wraparound services enable patients to experience optimal health, including social services, support groups, alternative therapies, and other wellness services. DAP Health opened one of California’s first COVID clinic and hotlines to offer screening, testing, and treatment. DAP is also working to address social determinants of health that are causing negative health outcomes during this pandemic, like food and housing insecurity, joblessness, isolation, and access to ongoing healthcare. DAP Health's sexual health clinic offers STI testing and treatment, Pre-Exposure Prophylaxis (PrEP), Post-Exposure Prophylaxis (PEP), and HIV and HCV testing. DAP Health has earned Charity Navigator’s highest rating for the twelfth consecutive year – landing DAP Health in the top 6% of nonprofits rated. The distinction recognizes that DAP Health exceeds industry standards in terms of financial health, accountability, and transparency.     Visit www.daphealth.org to learn more.

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Job description

At DAP Health, we are committed to transforming lives and advancing health equity for all. As a leading nonprofit health care provider, we deliver compassionate, high-quality care to the diverse communities of the Coachella Valley and San Diego County. Our comprehensive services range from primary care to mental health, wellness programs, and beyond, with a focus on those who are most vulnerable. Joining our team means becoming part of a passionate, innovative organization dedicated to making a meaningful impact in the lives of those we serve. If you're looking for a dynamic and purpose-driven environment, we invite you to explore the opportunity to contribute to our mission.

Job Summary
Under the direction of the Pharmacy Administration Director, the 340B Financial Analyst is responsible for analyzing the financial performance of the pharmacy, including its programs, grants, departments, and other operating segments. In this role, the 340B Financial Analyst supports the Pharmacy Administration Director in ensuring the ongoing and compliant operation of the organization’s pharmacy program. Through comprehensive financial analysis and reporting, this position provides the CFO and leadership team with actionable insights that inform strategic decision‑making and support effective organizational dialogue. The scope of analysis includes both 340B and non‑340B pharmacy operations.
Supervisory Responsibilities: None
Essential Duties/Responsibilities 

  • Analyze trends, costs, revenues, financial commitments & other obligations incurred to enhance the organization's financial modeling
  • Prepare a standard set of financial and analytical reports at month-end and year-end
  • Prepare financial analysis, including ratio analysis and other key indicators, along with the financial statement preparation
  • Submit and track required 340B data to ensure timely manufacturer payments, conductperiodic audits of 340B pricing, and manage dispense and replenishment audits for both contract and in‑house pharmacies
  • Development and preparation of timely and accurate account analysis in support of the financial statements, including preparation of general journal entries and reconciliation of in-house pharmacy accounts
  • Maintain open lines of communication and makes recommendations for improvement as deemed beneficial
  • Maintain ongoing operations of the Agency’s 340B Pharmacy Program by performing quarterly audits of OPAIS records, virtual replenishment, patient and provider eligibility
  • Maintain open lines of communications with the organization’s 340B Pharmacy Program Third Party Administrators, including updating prescriber eligibility, working unmatched/pending claims, and investigating unexpected changes in revenue/ expense
  • Maintain account groupings, statistics, dashboards and reports in the organization’s accounting system, including researching and remediating anomalies or issues
  • Work as a member of a team and develops working knowledge of other team member roles and assists in communicating his/her own responsibilities to other team members
  • Perform quarterly internal audits of various programs on behalf of management
  • Partner with other financial analysts when required to produce required materials for budgeting and forecasting.
  • Maintain all pharmacy-related dashboards and communication tools for the organization.
  • Support the organization’s Controller with technical accounting projects
  • Performs other duties as assigned

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