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The Director will oversee PBM operations, quality improvement initiatives, and clinical staff ... Build trusted relationships with employer groups, consultants, brokers, health plans, and provider ...

Business Consultant Sr

Indianapolis, IN ยท Hybrid

$100K - $122K/yr

Business Consultant Sr JR196637 Business Consultant Sr The Business Consultant Sr is responsible ... Strong stakeholder management, communication, and problem-solving skills. * Healthcare, PBM ...

Business Consultant Sr

Indianapolis, IN ยท Hybrid

$100K - $122K/yr

JR196637 Business Consultant Sr The Business Consultant Sr is responsible for translating most ... Strong stakeholder management, communication, and problem-solving skills. * Healthcare, PBM ...

Pbm Consulting information

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

To thrive as a PBM (Pharmacy Benefit Management) Consultant, you need a thorough understanding of pharmacy benefits, healthcare regulations, and data analysis, often supported by a degree in pharmacy, healthcare administration, or business. Familiarity with PBM software platforms, claims processing systems, and data analytics tools is typically required. Strong communication, negotiation, and problem-solving skills distinguish top performers in this role. These skills ensure effective management of pharmacy benefits, cost optimization, and successful client relations within a complex healthcare environment.

What is PBM consulting?

PBM consulting refers to professional advisory services focused on pharmacy benefit management (PBM). Consultants in this field help health plans, employers, or other organizations optimize their pharmacy benefit programs by analyzing contracts, improving cost efficiency, ensuring regulatory compliance, and enhancing patient outcomes. They may also provide guidance on PBM selection, formulary management, and rebate negotiations. PBM consultants use industry expertise to help clients navigate the complex landscape of prescription drug benefits.

What does a PBM consultant do?

A PBM (Pharmacy Benefit Management) consultant advises healthcare organizations and employers on pharmacy benefit strategies, formulary management, and cost containment. They analyze drug utilization data, recommend formulary changes, and help optimize medication benefits while ensuring compliance with regulations. Strong analytical skills and knowledge of pharmacy benefits are essential for this role.

Is it hard to get into healthcare consulting?

Healthcare consulting roles often require a strong background in healthcare systems, business, or related fields, along with relevant skills such as data analysis and project management. Entry can be competitive, especially for senior positions, but candidates with relevant experience, certifications, and a solid understanding of healthcare regulations tend to have better chances of securing a position.

What are some common challenges faced by PBM Consultants when working with clients to optimize pharmacy benefit plans?

PBM Consultants often encounter challenges such as navigating complex regulatory requirements, addressing diverse client needs, and managing tight timelines for plan implementation. They must balance cost-containment goals with ensuring access to high-quality medications and manage relationships between plan sponsors, pharmacies, and pharmaceutical manufacturers. Effective communication and staying updated on industry trends are crucial for overcoming these challenges and delivering optimal solutions for clients.

What is the highest paid type of consultant?

Management consultants, especially those specializing in strategy, mergers and acquisitions, or IT consulting, tend to be among the highest-paid in the consulting industry. Senior-level consultants with specialized skills and certifications such as an MBA or PMP often command higher salaries, particularly in large firms or specialized fields like cybersecurity or digital transformation.

What job makes $1,000,000 a year?

High-level executive roles such as CEOs, CFOs, and other C-suite positions in large corporations can earn $1,000,000 or more annually through salaries, bonuses, and stock options. Additionally, successful entrepreneurs, top investment bankers, and certain specialized professionals in finance or technology may reach this income level, often requiring extensive experience, advanced skills, and significant responsibility.
Infographic showing various Pbm Consulting job openings in Indiana as of July 2026, with employment types broken down into 89% Full Time, 9% Part Time, and 2% Contract. Highlights an 83% Physical, 4% Hybrid, and 13% Remote job distribution.

IRxS Clinical Account Executive / Pharmacy Consultant

Apex Benefits Group, Inc.

Indianapolis, IN โ€ข On-site, Remote

$160K/yr

Full-time

Posted 14 days ago


Job description

About Us

As a rapidly growing organization, Innovative Rx Strategies is distinguished by its commitment to advocating for clients both personally and financially while delivering measurable cost savings for employers and their employees.

Are you interested in joining a successfully growing organization that has been recognized for over a decade as a Best Place to Work, recipient of Healthiest Workplace awards, and The Platinum Bell Seal for Workplace Mental Health? If so, come join ourย Innovative Rx Strategiesย team of clinical experts!ย ย 

Our team serves employers, benefits brokers, TPAs, health care systems and health plans with deep understanding of the pharmacy benefits markets and health care industry trends. With expert knowledge we are committed to one mission โ€” breaking down a complex industry to save our clients' money on their benefits programs and manage their cost trends.

Innovative Rx Strategies is an Apex Benefits Group, Inc. (ABG) company. ABG offers competitive benefits, flexible hybrid/remote work model, a collaborative team environment, and advanced training and development.

Job summary

The Clinical Account Executive leads account management for their book of business while setting the strategy and direction for their account team support. Develops client strategy and ensures the execution to provide overall day-to-day clinical consulting and account management to ensure the effective execution of client objectives and the PBM contract. This role is ideal for a strategic, client-focused professional with deep expertise in pharmacy benefits and healthcare consulting. The position blends account management, data analysis, vendor oversight, and clinical advisory services to deliver high-impact solutions for employer-sponsored health plans. Youโ€™ll lead client engagements, interpret complex client and PBM data, monitor pharmacy performance, and guide decision-making around complex pharmacy benefit strategies. With responsibilities spanning compliance, client performance, and team coordination, this role offers a dynamic opportunity to shape pharmacy benefit outcomes across diverse employers. ย 

The starting salary for this position begins at $160,000. Final compensation will be determined based on experience, qualifications, internal equity, and market considerations.

Summary of essential job functions/responsibilities

ย Account Management

  • Develop client communication strategy for team delivery
  • Ensure exceptional delivery of customer support, including interpreting plan designs, resolving claims and member issues, and addressing benefit and enrollment inquiries
  • Ensure clientโ€™s overall positive impression of the company by ensuring timely completion of all client deliverables and resolution to all experienced issues. Conduct routine onsite account visits as needed

ย Data Management

  • Lead data assessments, trend analysis, and reporting for clients and company book of business needs
  • Develop strategy around routine trend reports and annual performance reviews and support team through the completion
  • Plan and ensure the execution of all client deliverables including annual reconciliation and market check processes
  • Collaborate with account support and analytics teams to monitor pharmacy claims performance, identifying opportunities to enhance benefits, close clinical gaps, and drive cost savings

ย Vendor Management

  • Ensure vendors meet client-specific needs and timelines
  • Interface with PBM operations to resolve issues efficiently
  • Lead strategy and the account teamโ€™s role in implementation of new PBMs, programs, and services
  • Ensure completion and accuracy of all contracts for the client with their vendors
  • Provide clinical insight during vendor evaluations and the selection of pharmacy benefit managers and consulting solutions

ย Clinical & Advisory Services

  • Develop comprehensive individual client pharmacy benefit strategies, staying ahead of the current trends based on your knowledge and learning in the field
  • Develop client guidance by driving informed decisions considering efficacy and cost related items in a population health focused manner for new-to-market and high-cost drugs on both the pharmacy and medical benefit
  • Create client specific strategies for plan design decisions including
  • Monitor and interpret compliance and legislative changes, advising clients and ensuring adherence to regulatory requirements

Team Leadership Responsibilities

  • Lead internal meetings and processes ensure compliance and team accountability
  • Develop and mentor account managers to execute client strategy
  • Development of written and presentation-based thought leadership pieces on pharmacy benefits and PBM related topics ย 

Minimum requirements

  • Pharmacy degree required; PharmD or Pharmacy Residency preferred
  • A minimum of 10 years of practical pharmacy experience required or equivalent with a managed care pharmacy residency; previous PBM or Pharmacy Benefit experience preferred.
  • Knowledge of current business and industry trends
  • Superior problem solving, analytical ability, attention to detail and customer service skills
  • Positive attitude, willingness to learn and interest in working towards team goals
  • Relationship builder
  • Excellent organizational and time management skills
  • Highly developed reasoning and problem-solving skills
  • Strong verbal communication skills, with ability to present in person with clients and prospects
  • Self-motivated, with ability to meet deadlines; ability to work productively and proactively
  • Ability to plan, organize, and work on multiple tasks simultaneously and exercise independent judgement
  • Proficient in Excel, Word, PowerPoint, and other analytic tools that may be introduced
  • Abide by all obligations under HIPAA related to Protected Health Information (PHI) and Capable of maintaining confidential information

Additionalย Information

Apex Benefits Group, Inc believes in equal opportunity employment and does not discriminate based on age, race, color, religion, gender, sexual orientation, gender identity, gender expression, national origin, protected veteran status, disability, or any other legally protected status.

This is a remote position with travel requirements. Must be able to travel for meetings, training, conferences, and/or client visits approximately 6โ€“10 times annually, including occasional overnight stays.

This role is U.S.-based and operates primarily within Eastern Time Zone.ย  We have a preference in states where we currently employ team members, including Indiana, Ohio, Illinois, Kentucky, Texas, North Carolina, Tennessee, and Pennsylvania.

Employment Type: FULL_TIME