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Manager Formulary 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 ...

ProAct

Formulary Operations Specialist

East Syracuse, NY · On-site

$30 - $35/hr

Minimum 5 years of experience in drug information, formulary management, or managed care pharmacy. Preferred: * Exposure to cost-effectiveness analysis and integration of clinical insights with ...

RxSense

Formulary Operations Analyst

Boston, MA · On-site

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

RxSense

Formulary Operations Analyst

... management and access of cost-effective pharmacy benefits. Our technology helps enterprise and ... The Formulary Analyst plays a key role in the configuration, maintenance, and quality assurance of ...

Humana, Inc.

Medicare Formulary Strategy Pharmacist Lead

$59.50 - $71.75/hr

Utilizes broad understanding of pharmacy, managed care, PBM, market and regulatory insights to support the development of formulary strategies to mitigate Humana's costs and trend while improving our ...

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How much do manager formulary jobs pay per hour?

As of Jun 5, 2026, the average hourly pay for manager formulary in the United States is $65.13, according to ZipRecruiter salary data. Most workers in this role earn between $57.69 and $72.12 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Manager Formulary, and why are they important?

To thrive as a Manager Formulary, you need expertise in pharmacy, pharmacology, and healthcare regulations, typically supported by a PharmD degree and relevant licensure. Familiarity with formulary management systems, drug evaluation software, and data analytics tools is essential. Strong leadership, analytical thinking, and effective communication skills help drive collaboration across clinical, operational, and business teams. These skills ensure evidence-based formulary decisions, regulatory compliance, and optimal medication management within healthcare organizations.

What are some common challenges faced by a Manager Formulary, and how can they be addressed?

A Manager Formulary often faces challenges such as balancing cost management with clinical efficacy, staying updated on rapidly changing pharmaceutical trends, and ensuring compliance with regulatory requirements. Effective collaboration with pharmacy and therapeutics committees, healthcare providers, and insurance partners is essential to address these challenges. Staying proactive in gathering and analyzing clinical and financial data, as well as fostering strong communication channels, can help a Manager Formulary make informed decisions that benefit both the organization and patients.

What is a Manager Formulary?

A Manager Formulary is a professional responsible for overseeing the selection, maintenance, and management of a healthcare organization's drug formulary. This includes evaluating medications for inclusion, negotiating with pharmaceutical manufacturers, and ensuring the formulary meets clinical, regulatory, and financial goals. They often work closely with pharmacists, physicians, and insurance providers to ensure patients have access to safe and cost-effective medications. Their decisions directly impact drug utilization, patient outcomes, and overall healthcare costs.
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Manager Formulary jobs near you
Infographic showing various Manager Formulary job openings in the United States as of May 2026, with employment types broken down into 100% Full Time. Highlights an 64% In-person, and 36% Remote job distribution, with an average salary of $135,464 per year, or $65.1 per hour.
Formulary Strategy Manager

Formulary Strategy Manager

KPH Healthcare Services

Boston, MA • On-site, Remote

$120K - $125K/yr

Full-time

Posted 29 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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