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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 ...

GSK

Regional Sales Director - NY/PA

New York, NY · On-site

The Regional Sales Director is accountable for leading regional sales performance and launch ... Understanding of hospital decision-making processes, clinical pathways, formulary management, and ...

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$23.5K

$121.5K

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How much do director formulary management jobs pay per year?

As of Sep 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 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 the key skills and qualifications needed to thrive as a director of formulary management?

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.

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 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.

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Director Formulary Management jobs near you
Infographic showing various Director Formulary Management job openings in the United States as of September 2026, with employment types broken down into 1% As Needed, 82% Full Time, 15% Part Time, and 2% Contract. Highlights an 87% Physical, 2% Hybrid, and 11% Remote job distribution, with an average salary of $121,522 per year, or $58.4 per hour.

Clinical Pharmacy Manager

Nashville, TN • On-site

FOCUSPOINT
Business Management Consulting • 1 - 10 employees
Learn more about FOCUSPOINTexternal

$169K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 19 days ago

Job description

Job Title: Clinical Pharmacy Manager
Employment Type: Full-time
Pay: Up to $169,000 plus annual bonus and relocation assistance.
 

Job Overview:

FOCUSPOINT is seeking an experienced Clinical Pharmacy Manager to support our hospital client in Texas. This leadership role will be responsible for designing, implementing and managing the pharmacy clinical programs. This includes formulary management, policy and procedure development and education across the healthcare spectrum. The Clinical Manager shall also assist in managing the pharmacy when the Pharmacy Director or designee is unavailable.

Key Responsibilities:

  • Lead the design and oversight of clinical pharmacy programs

  • 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 unavailable

  • Actively contribute to hospital committees and interdisciplinary teams

  • Monitoring complex drug therapies and providing clinical guidance

  • Supporting initiatives in nutrition, anticoagulation, renal dosing, and more

  • Driving pharmacy quality metrics, reporting, and improvement initiatives

  • Mentoring pharmacy team members and guiding support staff

  • Ensuring compliance with all safety and regulatory standards

Specialties You’ll Work With:
Cardiology, Neurosurgery, Orthopedics, Joint Replacement, and Inpatient Rehab

Qualifications:

  • B.S. or Pharm.D. from an ACPE-accredited school (Doctorate preferred)

  • Minimum 1 year as Clinical/Operations Specialist + 4 years in hospital pharmacy

  • Leadership experience in hospital settings highly preferred

  • PGY2/residency or BCPS certification strongly desired

  • Must hold an active pharmacist license in good standing

  • Proficiency in Meditech, Microsoft Office, and purchasing/vendor systems

Benefits:

  • 401(k)
  • 401(k) matching
  • Dental insurance
  • Employee assistance program
  • Employee discount
  • Flexible schedule
  • Flexible spending account
  • Health insurance
  • Health savings account
  • Life insurance
  • Paid time off
  • Professional development assistance
  • Referral program
  • Relocation assistance
  • Retirement plan
  • Tuition reimbursement
  • Vision insurance