Director Pharmacy Business and Finance

Requisition #716620

ABOUT UT SOUTHWESTERN MEDICAL CENTER

The University of Texas Southwestern Medical Center ranks among the top academic medical centers in the world. Its faculty members – who are responsible for a broad array of groundbreaking biomedical research advances – are respected for their dedication to teaching and patient care. The medical center has four degree-granting institutions: UT Southwestern Medical School, UT Southwestern Graduate School of Biomedical Sciences, UT Southwestern School of Health Professions and the UT Southwestern School of Public Health. The schools train about 3,700 medical, graduate, and allied health students, residents, and postdoctoral fellows each year.

UT Southwestern was named one of the Top 5 Best Organizations for Leadership Development (BOLD) Award winners by the National Center for Healthcare Leadership (NCHL) in 2022. The NCHL conducts a survey of health care organizations across the U.S. every other year to assess all components of organizations’ efforts to prepare and develop leaders.

A great medical center offers outstanding patient care in addition to fine teaching and innovative research. We emphasize compassionate medical treatment. UT Southwestern’s physicians are equipped to bring the latest laboratory findings to each patient. We provide inpatient care to nearly 117,000 people and oversee approximately 3 million outpatient visits annually. UT Southwestern has approximately 21,000 employees and an operating budget of approximately $4.1 billion.

POSITION SUMMARY

The Director of Pharmacy Business and Finance will work with the Assistant Vice President of Pharmacy to provide direction to UTSW Pharmacy Serviceline to include business development, strategic planning of the department as it relates to budget planning, fiscal and resource planning/administration. The Director provides oversight and directs business development initiatives pertaining to medications aimed at driving cost reduction and revenue enhancement, achieving excellence in clinical quality and customer service for respective UTSWMC facilities

EXPERIENCE AND EDUCATION

REQUIRED

· Bachelor’s degree in Business Administration or related field

· Six (6) years of directly related experience

· (3) years in a supervisory/management capacity

PREFERRED

· Master’s degree in Business or Healthcare Administration

· Eight (8) years of directly related experience (Pharmacy)

JOB DUTIES

· Job Duties

• Demonstrate continuous performance improvement in targeted areas of responsibility in alignment with the overall annual UTSWMC performance improvement targets.
• Meets or exceeds financial goals and objectives of the Pharmacy Serviceline.
• Productivity target compliance and development of activities within areas of responsibility that are patient centered and improve outcomes
• Develops the annual budget for the Pharmacy Serviceline and monitors the variance of the budgets by business units. Monitoring is completed with the development of analytics tools to examine volume, utilization and all the variables that impact the portfolio of the business of the Pharmacy Serviceline.
• Develops and manages the analytics tools and reports needed to fully understand the business factors of the Pharmacy Serviceline.
• Supports and partners with the Chief Financial Officer on hospital and health system goals and other administrative and financial issues.
• Conducts monthly business review sessions with each of the business units and reports those results to the AVP of Pharmacy Service Line, The Leadership position Pharmacy Serviceline reports and the CFO.
• Participates in strategic planning to ensure that the Pharmacy Serviceline and UTSW goals are aligned and contribute toward market growth, revenue enhancement, cost containment, maximizing clinical practice and research productivity.
• Creates and develops business plans and models and proposes changes associated with funding lines, departmental research activities, clinical activities and faculty compensation where appropriate; helps to educate departmental leadership in management and strategic planning for research and clinical programs; facilitates partnerships and strategic alliances for clinical expansion and engagement with the community.
• Develops goals, objectives, and budgets that support the pharmacy services mission of UTSWMC. Works with the Directors of Pharmacy and AVP of Pharmacy on the implementation of short and long-term operational strategies for the Pharmacy Serviceline.
• Advises Pharmacy Serviceline and institution on fiscal matters; ensures fiscal control through a reliable system of expenditure and revenue management; provides support to departmental leadership in managing and monitoring individual financial management issues; monitors budget and fiscal performance, recommending corrective action where appropriate; prepares and analyzes financial reports; sets up and monitors appropriate internal control practices; provides accurate up-to-date financial information to Pharmacy leadership to support the successful financial management of the department.
• Serve as the Project Manager responsible for development, feasibility assessment, project planning and implementation of pharmacy initiatives. Provides justification and pharmacoeconomics analysis to best practice conversions.
• Leads Change - Takes initiative; shows adaptability, flexibility; thinks and plans strategically; articulates clear vision and goals; champions innovation.
• Drives for Results - Manages business operations effectively; effective follow-though and follow-up; takes accountability; solves problems and implements solutions; integrates financial understanding into solutions; demonstrates technical proficiency.
• Building Teams - Clarifies roles and responsibilities; includes all organization personnel into decision making process; develops win-win solutions; collaborates with colleagues and peers; builds coalitions and partnerships; manages conflict constructively.
• Focuses on Customer - Acts with urgency to address service issues; assesses and anticipates customer needs; demands highest level of service from self and staff; recovers quickly from service breakdowns and improves processes; ensures staff technical training and proficiency.
• Communicates - Encourages candid exchange of ideas; articulates views clearly and directly; expresses facts clearly in writing; listens attentively to others; communicates a compelling vision to staff; communicates quickly issues affecting staff.
• Displays friendliness, compassion, sensitivity, kindness and appropriate manners in interactions with patients, physicians and other ancillary healthcare staff
• Displays open-mindedness and objectivity in relations with patients, physicians, and other ancillary healthcare staff
• Promotes a spirit of unity which enables the group to work together to achieve a common goal
• Takes initiative to perform job and/or assist co-workers, supporting the work of others in accomplishing the mission
• Displays adaptability by adjusting to meet the needs
• Receives suggestions in a positive manner for improvement and necessary changes in scheduling, procedures and assignments
• Exhibits behaviors, which demonstrate competence, reliability, self-control, honesty, and appropriate overall appearance while rendering service
• Ensures qualified clinicians are accountable to the organization
• Performs other duties as assigned.

Salary

Salary Negotiable

Benefits

To learn more about the benefits UT Southwestern offers, visit https://www.utsouthwestern.edu/employees/hr-resources/

Working Conditions

Work is performed primarily in pharmacy and office environments.

Security

This position is security-sensitive and subject to Texas Education Code 51.215, which authorizes UT Southwestern to obtain criminal history record information

Any qualifications to be considered as equivalents in lieu of stated minimum require prior approval of Vice President for Human Resources Administration or his/her designee.

UT Southwestern Medical Center is committed to an educational and working environment that provides equal opportunity to all members of the University community. In accordance with federal and state law, the University prohibits unlawful discrimination, including harassment, on the basis of: race; color; religion; national origin; sex; including sexual harassment; age; disability; genetic information; citizenship status; and protected veteran status. In addition, it is UT Southwestern policy to prohibit discrimination on the basis of sexual orientation, gender identity, or gender expression.