Pharmacy Business & Finance Senior Director

Senior Director of Pharmacy Business and Finance

Newport News, Virginia

$181,800.00 - $263,625.00/Annual Actual pay is determined based on job-related factors such as relevant experience, education, credentials, skills, internal equity, and business needs. As our pharmacy services continue to expand in scope, complexity, and system-wide impact, we are thoughtfully strengthening and advancing our leadership structure to support this growth. This role reflects our commitment to operational excellence, clinical innovation, and strategic alignment across the organization - ensuring our teams have the guidance and resources needed to thrive. Through this intentional investment in leadership, we are positioning our pharmacy services for sustained success in an increasingly complex healthcare environment.

Under the direction of the Vice President and Chief Pharmacy Officer, the Senior Director of Pharmacy Business and Finance provides enterprise leadership and sets the long-range financial direction for pharmacy business operations, supply chain, revenue integrity, and the federal 340B Drug Pricing Program. This role oversees systemwide pharmacy financial strategy, budgeting, forecasting, 340B program governance, medication charge capture, inventory and supply chain performance, charge description master management, contracting support, payer alignment, and drug expense stewardship across acute care, ambulatory, infusion, retail and specialty pharmacy, and long-term care settings. The Senior Director operates with strong business and strategic acumen and serves as a key partner to Finance, Revenue Cycle, Supply Chain, Compliance, Legal, Information Systems, and Payer Strategy to optimize pharmacy financial performance and ensure alignment with Riverside's strategic, operational, and quality goals. This role requires advanced knowledge of drug pricing methodologies, reimbursement models, and pharmacy business operations within a complex health system.

What you will do

• Drug Purchasing, Supply Chain & Inventory Strategy: Leads pharmacy purchasing and supply chain strategy, including wholesaler/GPO performance, inventory management, DSCSA compliance, shortage mitigation, price file accuracy, and cost efficient contracting
• Contracting, Vendor Management & Payer Strategy: Partners with Supply Chain, Legal, and Payer Strategy to evaluate and support drug contracting, pharmacy benefit manager relationships, payer reimbursement, and vendor performance with focus on strategic opportunities to enhance financial performance
• 340B Program Governance: Oversees 340B activities and growth across the organization, ensuring compliance, audit readiness, and operational integrity. Leads contract pharmacy performance, third party administrator oversight, and optimization strategies aligned with regulatory and financial requirements.
• Enterprise Pharmacy Financial Leadership: Provides strategic leadership for pharmacy financial performance, including drug budgeting, forecasting, variance analysis, and financial planning. Ensures transparent, accurate, and timely financial reporting and leverages automation and analytics to improve efficiency and decision making.
• Revenue Integrity & Charge Drug Master Oversight: Oversees strategy for pharmacy charge description master (CDM) management and revenue integrity functions. Ensures compliant, accurate, and timely charge capture and collaborates with Revenue Cycle to resolve denials and reimbursement issues.
• Talent Management & Leadership Development: Lead and effectively manage a high-performing team. Responsible for workforce planning and hiring, establishing and maintaining optimal staffing ratios, coaching, performance management, talent management and leader development.
• Business Intelligence & Analytics Leadership Directs the pharmacy analytics strategy, advancing automation, dashboards, forecasting tools, and data visualization. Synthesizes trends and insights to support financial, operational, and strategic decisions at the enterprise level

Qualifications Education

• Bachelors Degree, or higher in Business, Finance, Healthcare Administration, Pharmacy, or related field (Required)
• Masters Degree, Business Administration, Healthcare administration, Public Health, Healthcare Finance (Preferred)

Experience

• 5 years of progressive work experience in pharmacy operations and/or finance in a healthcare setting (Required)
• 2 years Subject Matter Expert level knowledge of 340B program compliance and management (Required)
• 2 years progressive & focused experience in pharmacy drug procurement, supply chain management, contracting & revenue cycle (Required)

Skills and Abilities

• Advanced knowledge of drug pricing, reimbursement structures, and federal 340B program requirements
• Strong understanding of pharmacy supply chain operations, contracting, procurement, and inventory management
• Expertise in revenue cycle processes, including charge capture, billing accuracy, payer rules, and charge description master governance
• High proficiency with analytics, business intelligence tools, automation, and financial modeling
• Ability to lead enterprise financial planning, budgeting, forecasting, and variance analysis
• Strong strategic thinking, decision-making, and problem-solving skills within a complex health system
• Demonstrated ability to lead teams, coach leaders, and build high-performing, collaborative work environments
• Excellent communication and relationship-building skills with ability to influence senior executives and cross-functional partners
• Ability to drive efficiency through process improvement, standardization, and technology-enabled workflow redesign
• Ability to manage sensitive regulatory, financial, and compliance-related information with sound judgment and integrity

Licenses and Certifications

• Licensed Pharmacist - Virginia Department of Health Professions (VDHP) within 60 Days(Required)
• 340B University OnDemand - Apexus within 180 Days(Required)
• Advanced 340B Operations Certificate (Apexus) within 180 Days (Preferred)