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Formulary Jobs (NOW HIRING)

Waste Management

Formulary Specialist

Hudson, NH

$53K - $65K/yr

Job Summary Formulary Characterization Specialist will provide internal and external clients and sales personnel with pharmaceutical waste characterization and other data analyses related to the ...

Waste Management

Formulary Specialist

Hudson, NH · On-site

$53K - $65K/yr

Job Summary Formulary Characterization Specialist will provide internal and external clients and sales personnel with pharmaceutical waste characterization and other data analyses related to the ...

Waste Management

Formulary Specialist

Hudson, NH

$53K - $65K/yr

Job Summary Formulary Characterization Specialist will provide internal and external clients and sales personnel with pharmaceutical waste characterization and other data analyses related to the ...

Quartz Health Solutions

Pharmacy Specialist

Madison, WI · On-site

$20.72 - $25.91/hr

Pharmacy Specialist, Formulary Support will support the development, implementation, and ongoing maintenance of Quartz's pharmacy formularies by coordinating formulary updates, assisting with ...

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Formulary information

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$75.5K

$130.4K

$168.5K

How much do formulary jobs pay per year?

As of Jul 21, 2026, the average yearly pay for formulary 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 primary responsibilities and daily tasks of a Formulary Manager?

A Formulary Manager is responsible for developing, maintaining, and evaluating lists of approved pharmaceutical products for health plans or pharmacy benefit managers. On a typical day, you may review drug utilization data, assess new medications for inclusion, collaborate with clinical teams and advisory committees, and ensure compliance with evolving regulations. The role requires frequent communication with internal stakeholders such as pharmacists, physicians, and health plan administrators, as well as staying current with medical literature and pharmaceutical trends. This mix of analytical and collaborative work ensures that members receive safe, effective, and affordable medication options.

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

To thrive in a Formulary Manager role, you need a deep understanding of pharmaceutical products, pharmacy benefit management, and formulary design, typically supported by a PharmD or relevant healthcare degree. Familiarity with pharmacy claims processing systems, drug information databases, and regulatory standards is essential. Strong analytical thinking, communication, and collaboration skills set top candidates apart. These capabilities are crucial for making evidence-based formulary decisions that balance clinical efficacy, cost-containment, and regulatory compliance.

What is a Formulary job?

A Formulary job typically involves managing and updating a list of approved medications for a healthcare organization, insurance company, or pharmacy benefits manager. Professionals in this role evaluate drug efficacy, cost, and safety to determine which medications should be included in a formulary. They collaborate with healthcare providers, pharmacists, and insurance companies to ensure patients have access to effective and affordable medications. Responsibilities may also include policy development, compliance monitoring, and analyzing drug utilization trends.

More about Formulary jobs
What are the most commonly searched types of Formulary jobs? The most popular types of Formulary jobs are:
What states have the most Formulary jobs? States with the most job openings for Formulary jobs include:
What job categories do people searching Formulary jobs look for? The top searched job categories for Formulary jobs are:
Formulary jobs near you
Infographic showing various Formulary job openings in the United States as of July 2026, with employment types broken down into 2% As Needed, 83% Full Time, 11% Part Time, and 4% Contract. Highlights an 87% In-person, 2% Hybrid, and 11% Remote job distribution, with an average salary of $130,403 per year, or $62.7 per hour.
Formulary Strategy Pharmacist Manager

Formulary Strategy Pharmacist Manager

KPH Healthcare Services

Albany, NY

$120K - $125K/yr

Full-time

Posted 3 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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Employment Type: FULL_TIME

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