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Manager Formulary Management Jobs (NOW HIRING)

ProAct

Formulary Strategy Pharmacist Manager

Boston, MA

$120K - $125K/yr

Strong knowledge of formulary management, rebate structures, and trade agreements. * Clinical expertise in pharmacotherapy and evidence-based medicine. * Ability to interpret and analyze financial ...

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 ...

FOCUSPOINT

Clinical Pharmacy Manager

Nashville, TN · On-site

$169K/yr

This includes formulary management, policy and procedure development and education across the healthcare spectrum. The Clinical Manager shall also assist in managing the pharmacy when the Pharmacy ...

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Manager Formulary Management information

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How much do manager formulary management jobs pay per year?

As of Jul 31, 2026, the average yearly pay for manager formulary management in the United States is $141,960.00, according to ZipRecruiter salary data. Most workers in this role earn between $127,000.00 and $149,500.00 per year, depending on experience, location, and employer.

What is a Manager of Formulary Management?

A Manager of Formulary Management is a professional responsible for overseeing the selection, evaluation, and ongoing management of prescription drug formularies within healthcare organizations, such as health plans or pharmacy benefit managers. They ensure that the formulary is clinically appropriate, cost-effective, and meets the needs of patients and providers. Their role involves collaborating with pharmacists, physicians, and other stakeholders to develop policies, review medication usage, and implement strategies to optimize drug therapy. They also monitor regulatory compliance and analyze drug trends to make evidence-based recommendations.

What is the difference between Manager Formulary Management vs Pharmacist?

AspectManager Formulary ManagementPharmacist
CredentialsTypically requires a bachelor's degree in health administration or related field; certifications in formulary management are a plusRequires a Doctor of Pharmacy (Pharm.D.) degree and licensure
Work EnvironmentHealthcare organizations, insurance companies, or pharmacy benefit managersCommunity pharmacies, hospitals, or clinics
Industry UsageUsed in healthcare administration and formulary decision-makingDirect patient care and medication dispensing

Manager Formulary Management focuses on overseeing medication formularies and policy development within healthcare organizations, while Pharmacists are involved in dispensing medications and patient counseling. Both roles require healthcare knowledge but differ in responsibilities and work settings.

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

Managers of Formulary Management frequently encounter challenges such as balancing cost containment with ensuring access to clinically effective medications, staying current with evolving drug therapies, and managing complex stakeholder relationships. To address these, it is important to implement evidence-based evaluation processes, foster open communication with pharmacy and medical teams, and engage in ongoing professional development to keep up with regulatory and industry changes. Collaborating closely with data analysts, clinicians, and external vendors also helps ensure timely, informed formulary decisions that meet both organizational and patient needs.

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

To excel as a Manager Formulary Management, you need a strong background in pharmacy, clinical therapeutics, and formulary design, usually supported by a PharmD or advanced pharmacy degree and relevant experience. Familiarity with pharmacy benefit management (PBM) systems, drug utilization review tools, and data analytics platforms is essential. Strong leadership, communication, and analytical skills enable effective collaboration with cross-functional teams and informed decision-making. These competencies ensure optimal formulary strategies that balance clinical efficacy, cost-effectiveness, and regulatory compliance.
More about Manager Formulary Management jobs
What cities are hiring for Manager Formulary Management jobs? Cities with the most Manager Formulary Management job openings:
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 Manager Formulary Management jobs? States with the most job openings for Manager Formulary Management jobs include:
What job categories do people searching Manager Formulary Management jobs look for? The top searched job categories for Manager Formulary Management jobs are:
Manager Formulary Management jobs near you
Infographic showing various Manager Formulary Management job openings in the United States as of July 2026, with employment types broken down into 4% As Needed, 80% Full Time, 10% Part Time, 1% Contract, and 5% Summer. Highlights an 88% Physical, 2% Hybrid, and 10% Remote job distribution, with an average salary of $141,960 per year, or $68.2 per hour.

Manager, Formulary Management, Pediatric Drug Policy, & Pharmacy Graduate Education Programs

The University of Chicago Medicine

Chicago, IL • On-site

$67 - $78.75/hr

Full-time

Posted 4 days ago

University Of Chicago Medicine rating

7.4

Company rating: 7.4 out of 10

Based on 61 frontline employees who took The Breakroom Quiz

262nd of 885 rated healthcare providers

Job description


Be a part of a world-class academic healthcare system at UChicago Medicine.
The Manager, Formulary Management, Pediatric Drug Policy, & Pharmacy Graduate Education Programs serves as a key operational leader within the Department of Pharmacy Services and is responsible for coordinating organizational formulary management activities, pharmacy governance processes, pediatric drug policy initiatives, residency program administration, and pharmacy learner programs.
This individual leads operational execution related to Pharmacy & Therapeutics (P&T) Committee activities including formulary additions, revisions, removals, medication-use policy implementation, and ongoing formulary maintenance activities. The Manager collaborates closely with pharmacy leadership, clinical specialists, operations teams, and multidisciplinary stakeholders to support safe, evidence-based, and financially responsible medication-use practices across the health system.
The Manager also facilitates drug shortage mitigation strategies as well as implementation planning for new therapies and operational changes. In partnership with pharmacy leadership, this role supports pediatric analytics and identification of opportunities related to medication stewardship, utilization management, cost savings initiatives, and pediatric drug policy.
Additionally, the Manager serves as PGY1 Pharmacy Residency Program Director and coordinates pharmacy student experiential activities including onboarding, scheduling, and support of School of Pharmacy partnerships and affiliation agreements.
This role serves as an operational and programmatic force multiplier for pharmacy leadership by improving coordination, standardization, communication, and execution across pharmacy programs and governance structures.
Essential Job Functions
  • Lead coordination of drug shortage mitigation and medication stewardship activities including shortage tracking, multidisciplinary communication, operational response planning, and utilization optimization strategies
  • Lead formulary maintenance activities including targeted therapeutic class reviews, utilization assessments, and formulary optimization initiatives
  • Coordinate pediatric medication-use policy implementation and formulary standardization activities across the health system
  • Provide project management support for pediatric pharmacy initiatives, including timeline tracking, deliverables, and stakeholder coordination
  • Assist pharmacy leadership with development of pediatric financial models, benchmarking analyses, and pipeline evaluations
  • Support data-informed decision-making through development and validation of pharmacy reports, utilization analyses, and operational dashboards
  • Lead coordination of Pharmacy & Therapeutics (P&T) Committee operations including agenda development, presentation coordination, documentation, and follow-through of committee actions
  • Draft communications, reports, and presentations for pharmacy leadership
  • Facilitate coordination across pharmacy, medical staff, nursing, finance, and other stakeholders
  • Collaborate with pharmacy operations, informatics, supply chain, and clinical teams to operationalize formulary and medication-use changes
  • Support administration of PGY1 pharmacy residency program in accordance with ASHP accreditation standards and student experiential education programs
  • Coordinate schedules, onboarding, evaluations, and program requirements in coordination with student coordinator workgroup, PGY1 leadership team, and Residency Executive Committee
  • Align resident and student projects with departmental priorities in analytics, drug policy, and operational improvement
  • Assist with development of educational materials, learning experiences, and program enhancements
  • Serve as a resource for residents, students, and preceptors
  • Maintain knowledge of contemporary pharmacy practice, analytics, and healthcare trends
  • Participate in departmental and institutional committees as assigned
  • Contribute to quality improvement, research, and professional development activities
  • Perform other duties as assigned

Required Qualifications
  • Doctor of Pharmacy (PharmD)
  • Completion of PGY1 residency
  • 5-7 years of experience in hospital or health-system pharmacy.
  • Licensed or eligible for licensure as a pharmacist in the State of Illinois

Preferred Qualifications
  • Advanced degree (MPH, MBA, MHA, MS)
  • PGY2 residency
  • Experience with pharmacy analytics, informatics, or program management
  • Experience supporting residency or student programs

Position Details
  • Job Type/FTE: Full-Time (1.00)
  • Shift: Day Shift
  • Work Location: Flexible
  • Unit/Department: DCAM Pharmacy- Hyde Park
  • CBA Code: Non-Union

About Us
We've been at the forefront of medicine since 1899. We provide superior healthcare with compassion, always mindful that each patient is a person, an individual. To accomplish this, we need employees with passion, talent and commitment... with patients and with each other. We're in this together: working to advance medical innovation, serve the health needs of the community, and move our collective knowledge forward. If you'd like to add enriching human life to your profile, UChicago Medicine is for you. Here at the forefront, we're doing work that really matters. Join us. Bring your passion.
UChicago Medicine is growing; discover how you can be a part of this pursuit of excellence at: UChicago Medicine Career Opportunities
UChicago Medicine is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, ethnicity, ancestry, sex, sexual orientation, gender identity, marital status, civil union status, parental status, religion, national origin, age, disability, veteran status and other legally protected characteristics.
As a condition of employment, all employees are required to complete a pre-employment physical, background check, drug screening, and comply with the flu vaccination requirements prior to hire. Medical and religious exemptions will be considered for flu vaccination consistent with applicable law.
Compensation & Benefits Overview
UChicago Medicine is committed to transparency in compensation and benefits. The pay range provided reflects the anticipated wage or salary reasonably expected to be offered for the position.
The pay range is based on a full-time equivalent (1.0 FTE) and is reflective of current market data, reviewed on an annual basis. Compensation offered at the time of hire will vary based on candidate qualifications and experience and organizational considerations, such as internal equity. Pay ranges for employees subject to Collective Bargaining Agreements are negotiated by the medical center and their respective union.
Review the full complement of benefit options for eligible roles at Benefits - UChicago Medicine.

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