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Formulary Strategy Jobs (NOW HIRING)

ProAct

Formulary Strategy Manager

Boston, MA · On-site

$120K - $125K/yr

The Formulary Strategy Manager, Trade (RPh) will lead the development and execution of trade-related formulary strategies for the organization's proprietary formularies. This role focuses on ...

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How much do formulary strategy jobs pay per hour?

As of May 31, 2026, the average hourly pay for formulary strategy in the United States is $71.40, according to ZipRecruiter salary data. Most workers in this role earn between $58.17 and $83.41 per hour, depending on experience, location, and employer.

What is the difference between Formulary Strategy vs Pharmacist?

AspectFormulary StrategyPharmacist
CredentialsPharmacy degree, certifications in formulary managementDoctor of Pharmacy (PharmD), state licensure
Work EnvironmentHealthcare organizations, insurance companies, pharmaceutical firmsHospitals, retail pharmacies, clinics
Industry UsageDeveloping and managing medication lists for cost-effectiveness and safetyDispensing medications, patient counseling, medication management

Formulary Strategy focuses on creating and managing medication lists to optimize healthcare costs and safety, often within organizations or insurance companies. Pharmacists dispense medications and provide patient care. While both roles involve medications, Formulary Strategy is more strategic and policy-oriented, whereas Pharmacists are involved in direct patient care and medication dispensing.

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What cities are hiring for Formulary Strategy jobs? Cities with the most Formulary Strategy job openings:
What states have the most Formulary Strategy jobs? States with the most job openings for Formulary Strategy jobs include:
What job categories do people searching Formulary Strategy jobs look for? The top searched job categories for Formulary Strategy jobs are:
Formulary Strategy jobs near you
Infographic showing various Formulary Strategy job openings in the United States as of May 2026, with employment types broken down into 100% Full Time. Highlights an 44% In-person, 6% Hybrid, and 50% Remote job distribution, with an average salary of $148,520 per year, or $71.4 per hour.
Formulary Strategy Manager

Formulary Strategy Manager

KPH Healthcare Services

Boston, MA • On-site, Remote

$120K - $125K/yr

Full-time

Posted 24 days ago

KPH Healthcare Services rating

6.8

Company rating: 6.8 out of 10

Based on 9 frontline employees who took The Breakroom Quiz

Job description

Overview
Scope of Responsibilities: The Formulary Strategy Manager, Trade (RPh) will lead the development and execution of trade-related formulary strategies for the organization's proprietary formularies. This role focuses on optimizing formulary positioning to maximize rebate opportunities, ensure clinical appropriateness, and maintain compliance with contractual and regulatory requirements. The position requires strong clinical knowledge, trade negotiation insight, and the ability to collaborate across clinical, financial, and operational teams.
Job Summary: The Formulary Strategy Manager is responsible for analyzing market trends, rebate structures, and trade agreements to inform formulary decisions. This individual will work closely with manufacturers, PBMs, and internal stakeholders to ensure formulary strategies align with organizational goals. The role involves monitoring pipeline products, competitive positioning, and trade contract performance to drive formulary optimization and financial outcomes.
Responsibilities
  • Develop and implement trade-related formulary strategies to optimize rebate opportunities and clinical outcomes.
  • Analyze manufacturer contracts, rebate structures, and market dynamics to inform formulary positioning.
  • Collaborate with clinical teams to ensure formulary decisions meet evidence-based standards and patient safety requirements.
  • Monitor pipeline products and competitive market trends to anticipate formulary impacts.
  • Prepare and present formulary strategy recommendations to internal leadership and Formulary Strategy Committee.
  • Partner with finance and analytics teams to evaluate cost-effectiveness and rebate performance.
  • Ensure compliance with regulatory requirements and contractual obligations related to formulary management.
  • Serve as a liaison with trade partners and manufacturers to negotiate and maintain favorable formulary positioning.
  • Responsible for completing all mandatory and regulatory training programs.
  • Other duties and responsibilities as assigned.

Qualifications
Job Skills Required:
  • Strong knowledge of formulary management, rebate structures, and trade agreements.
  • Clinical expertise in pharmacotherapy and evidence-based medicine.
  • Ability to interpret and analyze financial and contractual data.
  • Excellent negotiation and relationship management skills.
  • Proficiency in Microsoft Excel, Power BI, and other analytical tools.
  • Strong written and verbal communication skills for technical and non-technical audiences.
  • Ability to manage multiple priorities in a fast-paced environment.

Education:
  • Doctor of Pharmacy (PharmD) or Bachelor of Science in Pharmacy required
  • Active Registered Pharmacist (RPh) license in good standing required
  • Completion of a Drug Information or Managed Care Pharmacy residency preferred
  • Advanced training or certification in pharmacotherapy, formulary management, or evidence-based medicine preferred

Experience:
  • Minimum 3-5 years of experience in formulary management, trade relations, or managed care pharmacy required
  • Experience analyzing rebate structures and manufacturer contracts required
  • Prior experience in PBM, GPO, or pharmaceutical trade negotiations preferred
  • Familiarity with pipeline monitoring and formulary strategy development preferred
  • Exposure to cost-effectiveness analysis and financial modeling preferred

Compensation:
$120,000-125,000 per year.
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.

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