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Pharmacy Benefits Manager Jobs (NOW HIRING)

Understanding of pharmacy benefit management (PBM) structures and reimbursement models (e.g., AWP, MAC, NADAC)Experience negotiating pharmacy reimbursement terms and specialty pharmacy ...

Pharmacy Benefits Manager

Virginia Beach, VA ยท On-site

$61.75 - $72.50/hr

Understanding of pharmacy benefit management (PBM) structures and reimbursement models (e.g., AWP, MAC, NADAC) * Experience negotiating pharmacy reimbursement terms and specialty pharmacy agreements

Pharmacy Benefits SME

Millersville, MD ยท On-site +1

$90 - $110/hr

General Description J29 is seeking a Part-Time Pharmacy Subject Matter Expert (SME) to support strategic initiatives involving pharmacy benefit management within the Department of Defense and TRICARE ...

Manager, Pharmacy Benefits

Richmond, VA ยท On-site +1

$64.25 - $75.75/hr

The Manager of Pharmacy Benefits is responsible for monitoring the implementation and testing of the pharmacy benefit designs, pharmacy networks, formularies and pricing suites. In addition, the ...

Pharmacy Benefits Specialist I

Menasha, WI ยท Hybrid

$21 - $27/hr

The Pharmacy Benefits Specialist I provide basic operational, planning, implementation and ... Manage large mailings including letter preparation, mail merge, and distribution * Create and ...

Pharmacy Benefits Specialist I

Menasha, WI ยท On-site

$21 - $27/hr

The Pharmacy Benefits Specialist I provide basic operational, planning, implementation and ... Manage large mailings including letter preparation, mail merge, and distribution * Create and ...

Benefits Manager

Sugar Land, TX ยท On-site

$110K - $130K/yr

Oversee the Pharmacy Benefit Manager (PBM) relationship, including pricing, rebates, guarantees, formulary strategy, specialty pharmacy, and vendor performance. * Analyze medical and pharmacy claims ...

Benefits Manager

Sugar Land, TX ยท On-site

$110K - $130K/yr

Oversee the Pharmacy Benefit Manager (PBM) relationship, including pricing, rebates, guarantees, formulary strategy, specialty pharmacy, and vendor performance. * Analyze medical and pharmacy claims ...

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Pharmacy Benefits Manager information

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How much do pharmacy benefits manager jobs pay per hour?

As of Sep 5, 2026, the average hourly pay for pharmacy benefits manager in the United States is $67.58, according to ZipRecruiter salary data. Most workers in this role earn between $62.50 and $73.56 per hour, depending on experience, location, and employer.

What is a pharmacy benefits manager?

A Pharmacy Benefits Manager (PBM) is a third-party administrator that manages prescription drug benefits on behalf of health insurers, employers, and other payers. PBMs negotiate with drug manufacturers and pharmacies to control drug spending, process prescription drug claims, and create formularies, which are lists of covered medications. Their goal is to help manage costs, improve medication access, and ensure the appropriate use of prescription drugs for patients. PBMs play a key role in the healthcare system by influencing drug prices, pharmacy reimbursement, and patient access to medications.

What skills and qualifications are needed to be a pharmacy benefits manager?

To thrive as a Pharmacy Benefits Manager, you need a deep understanding of pharmacy benefit design, healthcare regulations, and formulary management, typically supported by a degree in pharmacy, healthcare administration, or a related field. Familiarity with pharmacy benefit management (PBM) software, claims processing systems, and industry compliance tools is crucial. Strong analytical thinking, negotiation skills, and effective communication set top performers apart in this role. These skills are vital for optimizing prescription drug plans, controlling costs, and ensuring compliance while delivering quality healthcare outcomes.

What challenges do pharmacy benefits managers face when working with health plans and pharmacy networks?

Pharmacy Benefits Managers (PBMs) often navigate complex negotiations between health plans, pharmacies, and drug manufacturers. A common challenge is balancing cost containment for clients with ensuring access to necessary medications for members. PBMs must also stay current on changing regulations and formulary management while maintaining strong relationships with network pharmacies and resolving discrepancies in claims processing. Effective communication and analytical skills are essential for addressing these challenges and driving positive outcomes.

What is the difference between Pharmacy Benefits Manager vs Pharmacist?

AspectPharmacy Benefits ManagerPharmacist
CredentialsTypically requires a bachelor's degree in health administration, pharmacy, or related field; certifications varyRequires a Doctor of Pharmacy (PharmD) degree and licensure
Work EnvironmentCorporate offices, insurance companies, healthcare plansCommunity pharmacies, hospitals, clinics
Employer & IndustryHealth insurance companies, pharmacy benefit management firmsRetail pharmacies, hospitals, healthcare facilities

Pharmacy Benefits Managers focus on managing prescription drug benefits, negotiating with pharmacies, and designing formularies, while Pharmacists dispense medications and provide patient care. Both roles are essential in the pharmacy industry but differ in responsibilities, work settings, and required credentials.

How much money do pharmacy benefits managers make?

Pharmacy Benefits Managers (PBMs) typically earn a median annual salary of around $100,000 to $130,000 for their roles, depending on experience, location, and company size. Senior or executive positions can earn significantly more, often exceeding $200,000 annually. PBMs often require knowledge of healthcare policies, negotiation skills, and familiarity with pharmacy management systems.
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Infographic showing various Pharmacy Benefits Manager job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 78% Full Time, 16% Part Time, and 5% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $140,563 per year, or $67.6 per hour.

Pharmacy Benefits Manager

Sentara Health Plans

Virginia Beach, VA โ€ข On-site

$110 - $140/hr

Other

Medical, Dental, Vision, Life, Retirement, PTO

Posted 4 days ago


Key responsibilities

  • Lead medical and pharmacy managed care contracting strategies and activities for third-party payors.

  • Oversee contract implementation, issue resolution, and ongoing performance for payor relationships.

  • Support data analysis and coordinate day-to-day managed care operations, including patient access, claims adjudication, and care management.


Job description

## Pharmacy Benefits ManagerApplyremote type: Hybridlocations: Virginia Beach, VAtime type: Full timeposted on: Posted Yesterdayjob requisition id: JR-104136**City/State**Virginia Beach, VA**Work Shift**First (Days)**Overview:**Manager, Managed Care ContractingThe Manager, Managed Care leads medical and pharmacy managed care contracting strategies and activities for assigned third-party payors, supporting Sentara Healthcare provider divisions. This role partners with clinical, pharmacy, and managed care leadership to optimize reimbursement, ensure contract performance, and align financial and operational objectives. The Manager, Managed Care serves as the primary liaison for a portfolio of payor relationships, overseeing contract implementation, issue resolution, and ongoing performance. This role supports data analysis and facilitates coordination of day-to-day managed care operations, including patient access, claims adjudication, and care management.Hybrid position at 1300 Sentara Park, Virginia Beach, Virginia --two days remote and three days on site at Sentara Park.There is an opportunity for Richmond (Virginia) residents to work same schedule at Sentara Health Plan in Richmond. Required to work each Wednesday at Sentara Park, Virginia Beach.Education* Bachelorโ€™s degree (Required)Experience* 3 years of experience in managed care contracting (Required)* 3 years of experience in healthcare (Required)We are seeking demonstrated experience in pharmacy managed care, including:* Understanding of pharmacy benefit management (PBM) structures and reimbursement models (e.g., AWP, MAC, NADAC)* Experience negotiating pharmacy reimbursement terms and specialty pharmacy agreements* Knowledge of formulary management, utilization management, and drug pricing strategiesStrong financial acumen with experience in contract modeling and reimbursement analysisKnowledge of healthcare regulations, payor requirements, and value-based care arrangements preferred**Benefits: Caring For Your Family and Your Career****โ€ข** Medical, Dental, Vision plansโ€ข Adoption, Fertility and Surrogacy Reimbursement up to $10,000โ€ข Paid Time Off and Sick Leaveโ€ข Paid Parental & Family Caregiver Leaveโ€ข Emergency Backup Careโ€ข Long-Term, Short-Term Disability, and Critical Illness plansโ€ข Life Insuranceโ€ข 401k/403B with Employer Matchโ€ข Tuition Assistance โ€“ $5,250/year and discounted educational opportunities through Guild Educationโ€ข Student Debt Pay Down โ€“ $10,000โ€ข Reimbursement for certifications and free access to complete CEUs and professional developmentโ€ขPet Insurance โ€ขLegal Resources Plan โ€ขColleagues have the opportunity to earn an annual discretionary bonus if established system and employee eligibility criteria is met.**Sentara Health is an equal opportunity employer** and prides itself on the diversity and inclusiveness of its close to an almost 30,000-member workforce. Diversity, inclusion, and belonging is a guiding principle of the organization to ensure its workforce reflects the communities it serves.In support of our mission โ€œto improve health every day,โ€ this is a tobacco-free environment.**For positions that are available as remote work,** **Sentara Health employs associates in the following states:**Alabama, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maine, Maryland, Minnesota, Nebraska, Nevada, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.### About UsSentara Health is a Virginia and Northeastern North Carolina based not-for-profit integrated healthcare provider that has been in business for over 131 years. Offering hundreds of sites of care including 12 hospitals, PACE, home health, hospice, medical groups, imaging services, therapy, outpatient surgery centers, and an 858,000 member health plan. The people of the communities that we serve have nominated Sentara โ€œEmployer of Choiceโ€ for over ten years. U.S. News and World Report has recognized Sentara as having the Best Hospitals for 15+ years. Sentara offers professional development and a continued employment philosophy! #J-18808-Ljbffr