Outpatient Pharmacy Buyer; Specialty Pharmacy; Mount Sinai Hospital; Full Time; Days
Outpatient Pharmacy Buyer; Specialty Pharmacy; Mount Sinai Hospital; Full Time; Days
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Salary Not Disclosed
1 Vacancy
Job Description
The Outpatient Pharmacy Buyer is responsible for the procurement inventory management and supply chain coordination of medications and pharmacy supplies across outpatient and specialty pharmacy operations. This role ensures that inventory is consistently available to meet patient care needs remains cost-effective and is compliant with applicable regulatory financial and accreditation standards. The Buyer works closely with pharmacists technicians wholesalers manufacturers and cross-functional hospital departments to support pharmacy operations.
Responsibilities
& Inventory Management
Procures prescription medications over-the-counter items and pharmacy supplies in accordance with formulary guidelines and patient volume.
Maintains optimal inventory levels across pharmacy locations; identifies and prevents potential shortages or excess.
Performs routine inventory counts cycle counts and reconciliation to maintain system accuracy.
& Contract Management
Maintains primary communication with wholesalers and manufacturers; manages ordering through designated portals and platforms.
Reviews and reconciles invoices and purchase orders; addresses price discrepancies and returns.
Supports implementation and maintenance of contracts and pricing agreements as well as TPA administration
& Compliance
Ensures proper purchasing practices and documentation in compliance with DEA FDA state board regulations and hospital policies.
Supports 340B inventory segregation and replenishment requirements if applicable.
Participates in compliance audits and accreditation surveys (e.g. ACHC URAC).
Reporting & Analytics
Tracks drug usage trends and purchasing patterns; creates and maintains reports for spend shortages and utilization.
Identifies cost-savings opportunities through generic conversions therapeutic alternatives or alternative wholesaler selection.
Collaborates with finance and administrative leadership to support budget planning and forecasting.
Recalls Returns & Shortages
Manages product recalls and returns per vendor or FDA guidance; ensures proper documentation and communication.
Coordinates with vendors to secure backorders or substitutions when shortages arise.
& Communication
Works collaboratively with pharmacy leadership clinical staff and supply chain teams to align procurement strategy with patient care priorities.
Participates in departmental meetings and quality initiatives.
Qualifications
- Bachelors or entry-level business degree (accounting operations information systems supply chain management) is highly preferred
- 2 years minimum of pharmacy purchasing and/or supervisory experience (hospital setting preferred) but experience in similar or equivalent (preferably regulated environment) settings may qualify
- Certified Pharmacy Tech (CPhT) and NYS Registered Pharmacy Technician preferred but not required
Compensation Statement
The Mount Sinai Health System (MSHS) provides salary ranges that comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $.00 - $.00 Annually. Actual salaries depend on a variety of factors including experience education and operational need. The salary range or contractual rate listed does not include bonuses/incentive differential pay or other forms of compensation or benefits.
Non-Bargaining Unit 977 - Contract Pharmacy - MSH Mount Sinai Hospital
Employment Type
Full-Time
