Business Analyst

As a Business Analyst at AltaPointe, you'll take on various responsibilities including developing a thorough understanding of the 340B program, conducting audits of both contract and entity-owned pharmacies, and monitoring 340B inventory and invoicing. Your role is crucial in ensuring compliance with all program requirements while also contributing to the development of performance reporting and process improvements within the Finance and Administration division.

To qualify for the Business Analyst position at AltaPointe, a Bachelor's degree in business, communications, or a related field is required. Additional experience as a pharmacy technician or within a healthcare system is preferred. Strong organizational skills and proficiency with Microsoft Excel, especially in processing and analyzing large datasets, are essential.

The Business Analyst role at AltaPointe significantly impacts patient care by ensuring that the 340B program operates efficiently and complies with regulations. This, in turn, maximizes the availability of program benefits, which directly impacts the quality of care patients receive. The analyst's work ensures that staff training and compliance activities enhance the overall service experience for our patients.

AltaPointe encourages its Business Analysts to engage in professional development through relevant classes, seminars, and training opportunities. This commitment to growth allows you to enhance your skills and remain updated on industry standards, which ultimately benefits your career and your contributions to the organization.

A Business Analyst at AltaPointe works closely with various departments, especially the Finance & Administration team. You’ll assist team members with data analysis, provide input for process improvements, and contribute to overall performance improvement initiatives, fostering a cooperative environment that promotes sustainability within the organization.

To effectively audit pharmacies, I would start by reviewing existing compliance standards for the 340B program, establishing clear guidelines for what to assess in the audit. I would then systematically examine records, reconcile data discrepancies, and collaborate with pharmacy staff to ensure all findings are accurately documented, maintaining an open line of communication throughout the process.

In the event of discrepancies, I would first gather all relevant data and documentation concerning the issue. I would then engage directly with the pharmacy to verify findings and seek clarification. Open, respectful communication is key, and I’d aim to resolve discrepancies collaboratively while ensuring compliance with all necessary regulations.

To analyze large datasets effectively, I rely on utilizing advanced functions in Microsoft Excel, such as pivot tables and macros, to summarize and visualize data. Additionally, I prioritize cleaning the data to eliminate any errors, allowing for a clearer analysis that can drive informed decision-making.

I maintain compliance by staying updated with the latest regulations associated with the 340B program and incorporating them into my review processes. Regular training and continuing education also play a crucial role in ensuring that all analyses I perform are aligned with compliance standards.

Effective communication is achieved by actively listening to team members and stakeholders, clearly articulating my findings, and providing regular updates on project progress. I also leverage various communication tools to share insights and encourage feedback, fostering a collaborative environment.

In a previous role, I identified that our reconciliation process was taking too long due to manual data entry errors. I proposed the use of automated tools to streamline this process, which ultimately reduced our reconciliation time by 50% and improved accuracy, showcasing the positive impact of process improvements on the overall workflow.

I utilize project management tools to organize tasks and set priority levels. By breaking projects into manageable parts and setting specific deadlines, I can effectively juggle multiple responsibilities while ensuring timelines are met and quality isn't compromised.

I approach professional development by identifying areas where I can grow my skills relevant to the job. This includes enrolling in workshops, attending seminars, and regularly reading industry publications. Keeping informed about emerging trends enhances my effectiveness as a Business Analyst.

One of the most challenging aspects is balancing stakeholder expectations with regulatory compliance. However, I believe that transparent communication and setting clear project parameters from the outset can help mitigate these challenges, resulting in aligned goals.

I am excited about the opportunity to work as a Business Analyst at AltaPointe because of the organization's commitment to improving patient care through innovative pharmacy programs. Being part of a team that prioritizes compliance and efficiency while positively impacting the community aligns well with my professional values and aspirations.