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Formulary Management Jobs (NOW HIRING)

$113K - $135K/yr

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 ...

... management and access of cost-effective pharmacy benefits. Our technology helps enterprise and ... Position Summary : โ€‚โ€‚โ€‚โ€‚ The Formulary Analyst plays a key role in the configuration ...

$113K - $135K/yr

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 ...

As a part of the Oncology Team, pharmacists can also be asked to take part in the decision-making process on chemotherapy formulary management, treatment protocols, compliance with regulations, and ...

Pharmacist Inpatient

Lubbock, TX ยท On-site

$3.1K - $3.1K/wk

Identify opportunities to improve pharmacy processes and efficacy within the unit. * Assist in formulary management and evidence-based selection of inpatient meds. * Participate in daily huddles and ...

Responsible for coordinating all activities related to employee management, inventory control/supplies, budget/affordability, service/quality, formulary management, drug usage evaluation, education ...

Pharmacy Manager

San Francisco, CA ยท On-site

$202K - $323K/yr

Responsible for coordinating all activities related to employee management, inventory control/supplies, budget/affordability, service/quality, formulary management, drug usage evaluation, education ...

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Formulary Management information

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$75.5K

$130.4K

$168.5K

How much do formulary management jobs pay per year?

As of Jul 11, 2026, the average yearly pay for formulary management in the United States is $130,403.00, according to ZipRecruiter salary data. Most workers in this role earn between $118,500.00 and $141,500.00 per year, depending on experience, location, and employer.

What are the main responsibilities of a professional working in Formulary Management?

Professionals in Formulary Management are responsible for developing, updating, and maintaining lists of approved medications within healthcare organizations or insurance plans. This typically involves evaluating clinical evidence, analyzing cost-effectiveness data, collaborating with pharmacy teams and physicians, and ensuring compliance with regulatory guidelines. Daily tasks may include conducting formulary reviews, responding to coverage requests, and participating in Pharmacy & Therapeutics (P&T) committee meetings. The role often requires balancing patient care needs with budgetary constraints, making both analytical and interpersonal skills essential for success.

What is a Formulary Management job?

A Formulary Management job involves overseeing the selection, evaluation, and maintenance of a list of approved medications for a healthcare organization or pharmacy benefit plan. Professionals in this role work to ensure cost-effective medication use while maintaining quality patient care. They analyze drug utilization trends, collaborate with healthcare providers, and negotiate with pharmaceutical companies to optimize formularies. Their work helps balance clinical effectiveness, safety, and budget considerations.

What are the key skills and qualifications needed to thrive in the Formulary Management position, and why are they important?

To excel in Formulary Management, you typically need a background in pharmacy, pharmacology, or healthcare administration, often supported by a relevant degree or certification such as a PharmD or RPh. Familiarity with formulary software systems, pharmacy benefit management (PBM) platforms, and data analytics tools is essential. Strong analytical skills, attention to detail, collaboration, and effective communication are valuable soft skills in this role. These competencies are crucial for optimizing medication selection and utilization, ensuring regulatory compliance, and achieving cost-effective patient outcomes.

What are the most commonly searched types of Formulary Management jobs? The most popular types of Formulary Management jobs are:
What states have the most Formulary Management jobs? States with the most job openings for Formulary Management jobs include:
Infographic showing various Formulary Management job openings in the United States as of July 2026, with employment types broken down into 4% As Needed, 79% Full Time, 9% Part Time, 1% Contract, and 7% Summer. Highlights an 89% Physical, 1% Hybrid, and 10% Remote job distribution, with an average salary of $130,403 per year, or $62.7 per hour.
Pharmacist, Outpatient and Inpatient Available

Pharmacist, Outpatient and Inpatient Available

UofL Health

Louisville, KY โ€ข On-site

$56 - $67.25/hr

Full-time

Re-posted 21 days ago


Job description

Primary Location:
UofL Hospital
Address:
530 S Jackson StLouisville, 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)

Experience:
  • Post-Graduate Year 1 (PGY-1) Pharmacy Residency or three (3) years of relevant work experience (preferred)

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

Certification:
  • Current board certification by Board of Pharmacy Specialtiesยฎ (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)