1

Formulary Management Consultant Jobs (NOW HIRING)

$113K - $135K/yr

Participates in formulary management by converting non-formulary orders to formulary alternatives ... Documents clinical consultations and cost avoidance as part of the departmental clinical ...

Staff Pharmacist, UofL Hospital

Louisville, KY · On-site

$57.25 - $67.25/hr

Participates in formulary management by converting non-formulary orders to formulary alternatives ... Documents clinical consultations and cost avoidance as part of the departmental clinical ...

Showing results 41-60

Formulary Management Consultant information

See salary details

$87K

$134.7K

$189K

How much do formulary management consultant jobs pay per year?

As of Sep 12, 2026, the average yearly pay for formulary management consultant in the United States is $134,701.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,000.00 and $163,500.00 per year, depending on experience, location, and employer.

What is a formulary management consultant?

Formulary Management Consultants are pharmacy professionals who specialize in designing, evaluating, and optimizing drug formularies for healthcare organizations, such as hospitals, insurance companies, or pharmacy benefit managers. They analyze medication usage, costs, and clinical outcomes to ensure that formularies provide safe, effective, and cost-efficient drug options for patients. Their work often involves collaborating with healthcare providers, reviewing evidence-based guidelines, and advising on drug coverage policies to improve patient care and manage pharmacy expenses.

What are the key skills and qualifications needed to thrive as a formulary management consultant?

To thrive as a Formulary Management Consultant, you need expertise in pharmacy, pharmacoeconomics, and clinical therapeutics, typically supported by a PharmD degree and relevant certifications such as BCPS or BCACP. Proficiency with formulary management software, data analytics tools, and healthcare information systems is vital. Strong analytical thinking, communication, and negotiation skills help consultants collaborate with stakeholders and drive evidence-based decisions. These capabilities ensure the effective development and optimization of formularies, promoting cost-effective and clinically appropriate medication use.

What are some common challenges faced by a formulary management consultant when working with healthcare clients?

One common challenge for Formulary Management Consultants is balancing clinical efficacy and cost-effectiveness when recommending drug formularies for healthcare organizations. Consultants often need to navigate differing stakeholder priorities, such as those of clinicians, payers, and pharmacy benefit managers. Staying up-to-date with rapidly changing pharmaceutical landscapes and regulatory requirements is also essential. Strong communication and data analysis skills are key to effectively collaborating with cross-functional teams and ensuring recommendations are both evidence-based and aligned with client goals.

What are popular job titles related to Formulary Management Consultant jobs?

For Formulary Management Consultant jobs, the most frequently searched job titles are:

Infographic showing various Formulary Management Consultant job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 84% Full Time, 13% Part Time, and 2% Contract. Highlights an 83% Physical, 2% Hybrid, and 15% Remote job distribution, with an average salary of $134,701 per year, or $64.8 per hour.

Retail Pharmacist, UofL Hospital, Outpatient Pharmacy

Louisville, KY

$56 - $67.25/hr

Full-time

Posted 14 days ago


Key responsibilities

  • Evaluate and verify medication orders for appropriateness and effectiveness.

  • Support drug distribution, supervise pharmacy technicians, and provide clinical interventions.

  • Communicate and collaborate with healthcare professionals regarding medication-related activities and inquiries.


Job description

Primary Location: Ambulatory Care Building - UMCAddress: 550 South Jackson St. Louisville, KY 40202 Shift: Job Description Summary: UofL Health is a fully integrated regional academic health system with five hospitals, four medical centers, nearly 200 physician practice locations, more than 700 providers, the Frazier Rehab Institute and Brown Cancer Center.
With more than 12,000 team members-physicians, surgeons, nurses, pharmacists and other highly skilled health care professionals-UofL Health is focused on one mission: delivering patient-centered care to each and every patient each and every day.Job Description:

The Clinical Staff Pharmacist provides comprehensive pharmaceutical care to patients and members of the healthcare team to ensure optimal medication therapy outcomes. The Clinical Staff Pharmacist performs medication order evaluation and verification, drug distribution, sterile and extemporaneous compounding, technical supervision, and clinical services.

Major job responsibilities include: medication order evaluation (to include but not limited to appropriateness and effectiveness) and verification, drug distribution support, technician supervision, clinical intervention, formulary management, and resource for nursing and physician medication related inquiries.

The position requires the ability to communicate and collaborate effectively with patients, physicians, nurses, pharmacists, and allied health professionals from all clinical disciplines regarding activities related to the improvement of medication use. Ensures that all activities are consistent with overall hospital objectives. The position demonstrates competence to provide pharmaceutical care for neonatal (birth-discharge), pediatric (birth to 11 years), adolescent (12-18), adult (19-65), and geriatric (66-over) patients.

Essential Functions:

Delivers comprehensive pharmaceutical care to patients

  • Reviews medication orders for accuracy, appropriateness and efficacy
  • Discusses medication order clarifications with prescriber, update orders to reflect communicated changes, and notify involved personnel
  • Documents all pharmacy interventions in patient electronic medical record and integrated clinical decision support system
  • Monitors drug therapy to evaluate appropriateness of use, dose, dosage form, regimen, route, therapeutic duplication, and drug interactions
  • Provides pharmacokinetic consultations and other dosing recommendations as required
  • Prevents, detects, monitors, documents, and reports adverse drug reactions and medications errors
  • Participates in the drug therapy management of medical emergencies (code blue, etc.)
  • Performs both admission history and discharge medication review and/or counseling in order to facilitate the admission/discharge/transfer of patients
  • Provides operational support to Clinical Pharmacists and Clinical Pharmacy Specialists as determined by departmental need
  • Responds to drug information requests and optimize pharmacotherapy regimens utilizing current evidence-based literature

Promotes and demonstrates rational, cost-effective drug therapy

  • Participates in formulary management by converting non-formulary orders to formulary alternatives when possible; enforces the use of the non-formulary medication request ordering procedure and validate patient's home medication, when applicable
  • Assists in the procurement of medication when necessary, including verification of home medication supply, when applicable
  • Facilitates the implementation of clinical and operational initiatives
  • Recommends and evaluate drug inventory par levels
  • Documents clinical consultations and cost avoidance as part of the departmental clinical documentation program
  • Developments of formulary monograph or medication use evaluation (MUE) as assigned by pharmacy leadership

Serves as a mentor to pharmacy technicians, pharmacy students, and residents, when applicable

  • Provides guidance and supervision to certified pharmacy technicians
  • Precepts pharmacy students during IPPE and APPE rotations as necessary
  • Precepts PGY1 residents and PGY2 residents, as appropriate
  • Participates in scholarly activities including but not limited to research, publications, and poster presentations

Other Functions:

Executes hospital and pharmacy policies and procedures

  • Investigates and resolves automated dispensing cabinet-related issues
  • Utilizes medication carousels to resolve drug distribution-related issues
  • Participates in orientation of new staff members
  • Completes sterile compounding training, including hazardous medications, and demonstrates competency on a frequency defined by the Sterile Compounding Supervisor
  • Completes extemporaneous compounding training, including hazardous medications, and demonstrates competency on a frequency defined by pharmacy leadership
  • Covers assigned shifts as determined by departmental need
  • Facilitates investigational drug studies with assistance of Investigation Drug Service Manager and/or other personnel involved in the drug study
  • Assists in development of policies and procedures as assigned by pharmacy leadership

Demonstrates effective communication skills

  • Utilizes advanced communication skills to convey and demonstrate clinical pharmacist expertise
  • Forms collaborative relationships with pharmacy team members and other members of the healthcare team
  • Maintains involvement in pharmacy department or hospital committees
  • Achieves and maintains satisfactory working relationships with pharmacy leadership, pharmacy staff and other departments throughout the system, including committees and administration
  • Attends departmental staff meetings
  • Maintains compliance with all company policies, procedures and standards of conduct
  • Complies with HIPAA privacy and security requirements to maintain confidentiality at all times
  • Performs other duties as assigned
Additional Job Description:

Education:

  • Graduated from an ACPE accredited College of Pharmacy (required)

Licensure:

  • Licensed or license eligible as a pharmacist in the Commonwealth of Kentucky (required)

Certification:

  • Current board certification by Board of Pharmacy Specialties (preferred)
  • Current certification in Basic Life Support or must obtain within 90 days from date of hire (required)
  • Current certification in Advanced Cardiac Life Support (ACLS) as determined by pharmacy leadership (required)