Senior Vice President, Chief Pharmacy Officer

Job Title: SVP & Chief Pharmacy Officer

Location: SBC Corporation

Department Name: Pharmacy

Req #: 0000234222

Status: Salaried

Shift: Day

Pay Range: $375,000.00 - $525,000.00 per year

Pay Transparency: The above reflects the anticipated annual salary range for this position if hired to work in New Jersey.

The compensation offered to the candidate selected for the position will depend on several factors, including the candidate's educational background, skills and professional experience.

Senior Vice President & Chief Pharmacy Officer

Job Overview:

The SVP and Chief Pharmacy Officer leads strategy and policy development for all RWJBH Pharmacy across the system to drive cohesiveness, standardization and consistency across our organization. She/he/they manage(s) administration and performance of all pharmacy and 340B functions, delegating appropriate responsibilities to facility and system pharmacy leadership.

Reports to:

• The SVP and Chief Pharmacy Officer reports directly to the Executive Vice President, President – Northern Region, RWJBarnabas Health.

Qualifications:

• Bachelor’s degree in pharmacy, an advanced degree in pharmacy (PharmD or Masters of Science) or Master's in Business Administration required.
• Minimum of 15 years progressive experience in operations and hospital pharmacy management, with at least 8 years in a senior leadership role.
• Apexus Advanced 340B Operations Certificate strongly preferred.
• In-depth knowledge of the 340B program, including contracted pharmacy relationships, Apexus and HRSA recommendations and requirements.
• Excellent financial management, delegation, and organizational skills.
• Sound business acumen focused on maximizing business and financial results.
• Expertise in regulatory compliance as related to assigned functional areas.
• Strong executive presence and relationship building skills with proven ability to influence, lead and direct stakeholders in multiple functional areas and across all levels.
• Proven effective leader known for curiosity, creativity and transformational problem-solving.
• Demonstrated advancement of pharmacy practices and continuous business development.
• Proven competency in all components of Microsoft 365.

Licenses and Certifications Required:

• Current New Jersey State licensure as a Registered Pharmacist (RPh).

Essential Functions:

• Creates a cohesive vision for the pharmacy function (inpatient, outpatient, ambulatory retail, specialty and home infusion, post-acute care, and research across the system), with a focus on enterprise-wide growth opportunities.
• Establishes short and long-term pharmacy strategies for the system, in collaboration with providers, nursing and local pharmacy leaders.
• Designs and implements key strategic initiatives to build and improve upon all aspects of pharmacy revenue cycle including but not limited to: building cost-effective efficiencies in the areas of systems integration, purchasing power, replenishment and inventory control.
• Maintains, optimizes and expands the 340B program while continually ensuring regulatory compliance.
• Assists in identifying and addressing community needs and ways to expand the business through outreach programs and improving patient satisfaction.
• Develops and implements strategies to add new and expanded sources of revenue, while improving savings.
• Creates, communicates and ensures execution pharmacy vision and in alignment with system vision.
• Leads relevant clinical research initiatives across the pharmacy function as appropriate.
• Administers system-wide formulary management and medication usage review program in conjunction with appropriate key stakeholders.
• Establishes and maintains policies and procedures for pharmacy, in collaboration with local and system pharmacy leaders, informed by internal and external best practices.
• Continually reviews and enhances the system wide drug diversion monitoring and prevention program.
• Works with clinical leaders to ensure pharmacy integration into the appropriate care pathways and assures appropriate use of medications.
• Oversees the development of budgets, monitors relevant key financial indicators and performance metrics associated with pharmacy spend and revenue.
• Works closely with facility leaders and system purchasing to evaluate needs and coordinate equipment and drug purchases and upgrades.
• Enhances and monitors centrally managed pharmacy-related purchasing and service agreements to ensure optimal efficiencies across the organization.
• Creates network drug shortage risk mitigation strategy to ensure patients have access to needed medications while ensuring continued regulatory compliance and adherence to accreditation standards.
• Establishes pharmacy policies, regulations, procedures and standards in compliance with Board of Pharmacy, DEA, and DOH licensure requirements.
• In partnership with appropriate stakeholders, makes decisions regarding the hiring and applicable performance management of facility and system pharmacy department leaders.
• Trains, coaches, and develops facility and system pharmacy leaders, with continual succession planning in place.

Other Duties:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

Benefits and Perks:

At RWJBarnabas Health, our employees are at the heart of everything we do. Driven by our Total Wellbeing promise, our market-competitive offerings include comprehensive benefits and resources to support our employees’ physical, emotional, financial, personal, career, and community wellbeing. These benefits and resources include, but are not limited to:

• Paid Time Off including Vacation, Holidays, and Sick Time
• Retirement Plans
• Medical and Prescription Drug Insurance
• Dental and Vision Insurance
• Disability and Life Insurance
• Paid Parental Leave
• Tuition Reimbursement
• Student Loan Planning Support
• Flexible Spending Accounts
• Wellness Programs
• Voluntary Benefits (e.g., Pet Insurance)
• Community and Volunteer Opportunities
• Discounts Through our Partners such as NJ Devils, NJ PAC, and Verizon
• ….and more!

Choosing RWJBarnabas Health!

RWJBarnabas Health is the premier health care destination providing patient-centered, high-quality academic medicine in a compassionate and equitable manner, while delivering a best-in-class work experience to every member of the team. We honor and appreciate the privilege of creating and sustaining healthier communities, one person and one community at a time. As the leading academic health system in New Jersey, we advance innovative strategies in high-quality patient care, education, and research to address both the clinical and social determinants of health.

RWJBarnabas Health aims to truly make a unique impact in local communities throughout New Jersey. From vastly improving the health of local residents to creating educational and career opportunities, this combination greatly benefits the state. We understand the growing and evolving needs of residents in New Jersey—whether that be enhancing the coordination for treating complex health conditions or improving community health through local programs and education.