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Director Formulary Management Jobs (NOW HIRING)

FOCUSPOINT

Clinical Pharmacy Manager

Nashville, TN · On-site

$169K/yr

Optimize formulary management, drug utilization, and education initiatives * Serve as a clinical consultant and liaison to healthcare providers * Step in as a leader when the Pharmacy Director is ...

Ohio Health

$17.25 - $22.50/hr

Direct involvement in continuous quality improvement, regulatory compliance, safety plan management ... Preference given to those with formulary management experience DESIRED ATTRIBUTES - Strong ...

New

MedImpact

Formulary Administration Pharmacist

Fremont, NE · On-site

$73.30 - $94.43/hr

Responsible for accurate and timely task estimation and status reporting to Director/Manager, Formulary Administration & Strategy. * Provides formulary-specific documentation of maintenance ...

FOCUSPOINT

Clinical Pharmacist (up to $190k)

San Antonio, TX · On-site

$150K - $190K/yr

Lead formulary management, drug utilization reviews, and provider education * Serve as a clinical ... Provide interim leadership support, including acting as Pharmacy Director when needed * Participate ...

MedImpact

Formulary Administration Pharmacist

Fremont, NE · On-site

$73.30 - $94.43/hr

Responsible for accurate and timely task estimation and status reporting to Director/Manager, Formulary Administration & Strategy. * Provides formulary-specific documentation of maintenance ...

PONOS MGMT INC

VA-Director of Pharmacy

Richmond, VA · On-site

$115K - $140K/yr

Position Overview The Senior Director of Pharmacy serves as a key clinical leader responsible for ... Develop and maintain formulary management strategies aligned with clinical guidelines * Collaborate ...

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Director Formulary Management information

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$23.5K

$121.5K

$189.5K

How much do director formulary management jobs pay per year?

As of Jul 11, 2026, the average yearly pay for director formulary management in the United States is $121,522.00, according to ZipRecruiter salary data. Most workers in this role earn between $95,000.00 and $147,500.00 per year, depending on experience, location, and employer.

What is the highest paid job in pharmacy?

In pharmacy, the highest paid roles are often senior positions such as Pharmacy Directors or Vice Presidents of Pharmacy, who oversee large pharmacy operations and strategic planning. These roles typically require extensive experience, leadership skills, and advanced certifications, and they can earn salaries exceeding $150,000 annually depending on the organization and location.

What is a Director of Formulary Management?

A Director of Formulary Management is a senior healthcare professional responsible for overseeing the development, implementation, and maintenance of a drug formulary within a health plan or pharmacy benefit management (PBM) organization. This role involves managing the selection of medications covered by insurance, evaluating clinical and cost-effectiveness of drugs, and ensuring the formulary aligns with regulatory requirements and organizational goals. Directors work closely with pharmacists, physicians, and other stakeholders to optimize medication access and quality of care while controlling costs.

What are some common challenges faced by a Director of Formulary Management when balancing clinical and financial priorities?

A Director of Formulary Management often encounters the challenge of aligning clinical efficacy with cost-effectiveness when making formulary decisions. Balancing the needs of patients, providers, and payers requires collaboration with pharmacy and therapeutics committees, as well as staying current with emerging therapies and drug trends. Navigating negotiations with pharmaceutical manufacturers, managing utilization, and addressing regulatory requirements are additional complexities. Success in this role involves strong analytical skills, clear communication, and the ability to make evidence-based decisions that support both quality care and budgetary goals.

What is a formulary manager?

A formulary manager is a healthcare professional responsible for developing and maintaining a list of approved medications, known as a formulary, used by a healthcare organization. They analyze drug efficacy, safety, and cost-effectiveness, often collaborating with physicians, pharmacists, and insurance providers to optimize medication use and manage costs.

How much does a director of pharmacy make in the US?

A director of pharmacy in the US typically earns between $130,000 and $180,000 annually, depending on experience, location, and the size of the organization. They often oversee formulary management, medication policies, and team leadership within healthcare or pharmacy settings.

What is the highest paid field in pharmacy?

In pharmacy, the highest paid roles are often in pharmacy management, pharmaceutical executive positions, or specialized fields such as clinical pharmacy or research. These roles typically require advanced degrees, certifications, and extensive experience, and they often offer higher salaries compared to retail or community pharmacy positions.

What is the difference between Director Formulary Management vs Pharmacist?

AspectDirector Formulary ManagementPharmacist
CredentialsAdvanced degree (PharmD), often with management certificationsPharmD degree, state licensure
Work EnvironmentHealthcare organizations, insurance companies, pharmacy benefit managersCommunity pharmacies, hospitals, clinics
Industry UsageStrategic formulary decisions, policy developmentDispensing medications, patient counseling

While both roles involve medication management, the Director of Formulary Management focuses on strategic formulary policies and oversight, often in administrative or managerial settings. Pharmacists primarily dispense medications and provide patient care. The roles complement each other but differ in scope and responsibilities.

What are the key skills and qualifications needed to thrive as a Director of Formulary Management, and why are they important?

To thrive as a Director of Formulary Management, you need deep expertise in pharmacy, pharmacoeconomics, and healthcare management, typically supported by a PharmD or similar degree and relevant work experience. Familiarity with formulary management software, drug information databases, and data analytics tools is essential, along with certifications like BCPS (Board Certified Pharmacotherapy Specialist) being advantageous. Strong leadership, negotiation skills, and the ability to collaborate across clinical and business teams are critical soft skills. These competencies are vital to ensure effective medication selection, cost control, compliance, and alignment with organizational and patient care goals.
More about Director Formulary Management jobs
What cities are hiring for Director Formulary Management jobs? Cities with the most Director Formulary Management job openings:
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What states have the most Director Formulary Management jobs? States with the most job openings for Director Formulary Management jobs include:
What job categories do people searching Director Formulary Management jobs look for? The top searched job categories for Director Formulary Management jobs are:
Director Formulary Management jobs near you
Infographic showing various Director Formulary Management job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 83% Full Time, 14% Part Time, 1% Temporary, and 1% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $121,522 per year, or $58.4 per hour.
Formulary Operations Specialist

Formulary Operations Specialist

ProAct

East Syracuse, NY

$30 - $35/hr

Full-time

Re-posted 19 days ago

Job description

Scope of Responsibilities: The Formulary Operations Specialist serves as a critical member of the Vertex team, responsible for synthesizing and delivering accurate, market trend deliverables to internal and external entities. This role ensures the integrity of drug pipeline maps, market trend analysis, and formulary documentation while maintaining compliance with regulatory standards. The position will create draft reviews for submittal to Director of Clinical and Formulary Operations for approval prior to delivery to various internal and external parties.

 

Job Summary: The Formulary Operations Specialist is a highly independent and structural role within the Vertex team. This member is responsible for monitoring and identifying market changes and trends to ensure Vertex maintains a strong competitive position. This member is also responsible for developing key deliverables for internal and external clients expressing formulary, trends, placement, and differentiating information.

  • Develop and deliver accurate market trend analyses, drug pipeline maps, and formulary documentation for internal and external stakeholders.
  • Ensure the integrity, accuracy, and consistency of formulary-related deliverables across all outputs.
  • Monitor and synthesize market and pipeline trends to support strategic and operational decision-making.
  • Maintain compliance with applicable regulatory and organizational standards in all formulary materials.
  • Prepare and coordinate draft reviews for submission to the Director of Clinical and Formulary Operations.
  • Incorporate feedback and revisions to finalize deliverables prior to distribution.
  • Collaborate cross-functionally to align formulary operations deliverables with business and clinical objectives.
  • Perform other duties as assigned

Education/Licensure:

Required:

  • High School Diploma or GED
  • National Certification as a Pharmacy Technician in good standing

Experience:

Required:

  • Minimum 5 years of experience in drug information, formulary management, or managed care pharmacy.

Preferred:

  • Exposure to cost-effectiveness analysis and integration of clinical insights with financial considerations.
  • Prior involvement in pipeline monitoring and formulary strategy development.
  • Experience collaborating with analytics and finance teams for rebate and formulary optimization.

Job Skills Required:

  • Regulatory Awareness: Understanding of FDA regulations, safety alerts, and compliance requirements for formulary processes.
  • Technical Proficiency: Familiarity with drug information databases (e.g., Medispan, First Data Banks) and formulary management tools.
  • Data Analytics: Ability to interpret formulary data structures and communicate data effectively with finance and analytics teams. Proficiency in Microsoft Excel is required.
  • Communication Skills: Excellent written and verbal communication for preparing informational materials and presenting to committees.
  • Collaboration: Ability to work effectively with clinical, financial, and operational teams to align formulary decisions with organizational goals.
  • Problem-Solving: Strategic thinking to balance clinical and financial considerations in formulary development.

Compensation:

 $30.00-35.00 per hour.

The final offer will be determined after careful consideration of multiple factors such as relevant skills, years of experience and education. 

KPH Healthcare Services, Inc. is a multistate organization and abides by all local, state and federal regulations as it pertains to minimum wage requirements.

Qualifications:

Education/Licensure:

Required:

  • High School Diploma or GED
  • National Certification as a Pharmacy Technician in good standing

Experience:

Required:

  • Minimum 5 years of experience in drug information, formulary management, or managed care pharmacy.

Preferred:

  • Exposure to cost-effectiveness analysis and integration of clinical insights with financial considerations.
  • Prior involvement in pipeline monitoring and formulary strategy development.
  • Experience collaborating with analytics and finance teams for rebate and formulary optimization.

Job Skills Required:

  • Regulatory Awareness: Understanding of FDA regulations, safety alerts, and compliance requirements for formulary processes.
  • Technical Proficiency: Familiarity with drug information databases (e.g., Medispan, First Data Banks) and formulary management tools.
  • Data Analytics: Ability to interpret formulary data structures and communicate data effectively with finance and analytics teams. Proficiency in Microsoft Excel is required.
  • Communication Skills: Excellent written and verbal communication for preparing informational materials and presenting to committees.
  • Collaboration: Ability to work effectively with clinical, financial, and operational teams to align formulary decisions with organizational goals.
  • Problem-Solving: Strategic thinking to balance clinical and financial considerations in formulary development.

Compensation:

 $30.00-35.00 per hour.

The final offer will be determined after careful consideration of multiple factors such as relevant skills, years of experience and education. 

KPH Healthcare Services, Inc. is a multistate organization and abides by all local, state and federal regulations as it pertains to minimum wage requirements.

Education:UNAVAILABLEEmployment Type: FULL_TIME

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