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.

1.    Procurement & 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.
2.    Vendor & 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
3.    Regulatory & 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).
4.    Data 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.
5.    Product 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.
6.    Collaboration & 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.

• Bachelor?s 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 

Non-Bargaining Unit, 977 - Contract Pharmacy - MSH, Mount Sinai Hospital

Strength through Unity and Inclusion

The Mount Sinai Health System is committed to fostering an environment where everyone can contribute to excellence. We share a common dedication to delivering outstanding patient care. When you join us, you become part of Mount Sinai’s unparalleled legacy of achievement, education, and innovation as we work together to transform healthcare. We encourage all team members to actively participate in creating a culture that ensures fair access to opportunities, promotes inclusive practices, and supports the success of every individual.

At Mount Sinai, our leaders are committed to fostering a workplace where all employees feel valued, respected, and empowered to grow. We strive to create an environment where collaboration, fairness, and continuous learning drive positive change, improving the well-being of our staff, patients, and organization. Our leaders are expected to challenge outdated practices, promote a culture of respect, and work toward meaningful improvements that enhance patient care and workplace experiences. We are dedicated to building a supportive and welcoming environment where everyone has the opportunity to thrive and advance professionally. Explore this opportunity and be part of the next chapter in our history.

About the Mount Sinai Health System:

Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with more than 48,000 employees working across eight hospitals, more than 400 outpatient practices, more than 300 labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time — discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it. Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients’ medical and emotional needs at the center of all treatment. The Health System includes more than 9,000 primary and specialty care physicians; 13 joint-venture outpatient surgery centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida; and more than 30 affiliated community health centers. We are consistently ranked by U.S. News & World Report's Best Hospitals, receiving high "Honor Roll" status, and are highly ranked: No. 1 in Geriatrics, top 5 in Cardiology/Heart Surgery, and top 20 in Diabetes/Endocrinology, Gastroenterology/GI Surgery, Neurology/Neurosurgery, Orthopedics, Pulmonology/Lung Surgery, Rehabilitation, and Urology. New York Eye and Ear Infirmary of Mount Sinai is ranked No. 12 in Ophthalmology. U.S. News & World Report’s “Best Children’s Hospitals” ranks Mount Sinai Kravis Children's Hospital among the country’s best in several pediatric specialties. The Icahn School of Medicine at Mount Sinai is ranked No. 11 nationwide in National Institutes of Health funding and in the 99th percentile in research dollars per investigator according to the Association of American Medical Colleges. Newsweek’s “The World’s Best Smart Hospitals” ranks The Mount Sinai Hospital as No. 1 in New York and in the top five globally, and Mount Sinai Morningside in the top 20 globally.

Equal Opportunity Employer

The Mount Sinai Health System is an equal opportunity employer, complying with all applicable federal civil rights laws. We do not discriminate, exclude, or treat individuals differently based on race, color, national origin, age, religion, disability, sex, sexual orientation, gender, veteran status, or any other characteristic protected by law. We are deeply committed to fostering an environment where all faculty, staff, students, trainees, patients, visitors, and the communities we serve feel respected and supported. Our goal is to create a healthcare and learning institution that actively works to remove barriers, address challenges, and promote fairness in all aspects of our organization.

Compensation

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 $0 - $0 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.

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