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Senior Formulary Jobs (NOW HIRING)

VP, PBM Trade Relations

$199K - $249K/yr

... formulary advisory, and market leading contracting and pricing approaches that deliver clinical ... The role serves as Navitus' senior industry representative, maintaining an active and influential ...

Strong experience in PBM domain including claims, eligibility, formulary, and rebates. * Proven experience in a Senior System Analyst or lead-level role. * Strong understanding of data structures ...

Senior Pharmacist - Strategy

Des Moines, IA

$56.75 - $68.25/hr

Formulary & Utilization Management Strategy & Development: May lead Highmark's evidence-based medicine drug evaluation program supporting Highmark's formulary and utilization management (UM) and/or ...

Senior Pharmacist - Strategy

Columbus, OH

$54.50 - $65.50/hr

Formulary & Utilization Management Strategy & Development: May lead Highmark's evidence-based medicine drug evaluation program supporting Highmark's formulary and utilization management (UM) and/or ...

Senior Pharmacist - Strategy

Phoenix, AZ

$57.75 - $69.50/hr

Formulary & Utilization Management Strategy & Development: May lead Highmark's evidence-based medicine drug evaluation program supporting Highmark's formulary and utilization management (UM) and/or ...

Senior Pharmacist - Strategy

Little Rock, AR

$55.75 - $67.25/hr

Formulary & Utilization Management Strategy & Development: May lead Highmark's evidence-based medicine drug evaluation program supporting Highmark's formulary and utilization management (UM) and/or ...

Senior Pharmacist - Strategy

Augusta, ME

$57.75 - $69.25/hr

Formulary & Utilization Management Strategy & Development: May lead Highmark's evidence-based medicine drug evaluation program supporting Highmark's formulary and utilization management (UM) and/or ...

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Senior Formulary information

See salary details

$25K

$80.3K

$163.5K

How much do senior formulary jobs pay per year?

As of Jun 12, 2026, the average yearly pay for senior formulary in the United States is $80,287.00, according to ZipRecruiter salary data. Most workers in this role earn between $41,500.00 and $103,000.00 per year, depending on experience, location, and employer.

What is the difference between Senior Formulary vs Pharmacist?

AspectSenior FormularyPharmacist
Required CredentialsTypically requires a PharmD or equivalent, with experience in formulary managementRequires a PharmD degree and licensure as a licensed pharmacist
Work EnvironmentOften in healthcare organizations, insurance companies, or pharmacy benefit managersIn retail, hospital, or clinical pharmacy settings
Employer & Industry UsageUsed mainly in healthcare administration and formulary committeesUsed across various pharmacy settings for medication dispensing and patient care

The Senior Formulary role focuses on managing medication lists and policies within healthcare organizations, requiring specialized knowledge in formulary management. Pharmacists, on the other hand, are licensed healthcare professionals involved in dispensing medications and patient counseling. While both roles require a PharmD degree, the Senior Formulary is more administrative, whereas pharmacists are directly involved in patient care.

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

To succeed as a Senior Formulary, you typically need a strong background in pharmacy, healthcare management, or pharmacoeconomics, often supported by a PharmD or related degree and relevant licensure. Familiarity with formulary management systems, drug utilization review tools, and data analysis platforms is essential. Excellent communication, critical thinking, and negotiation skills help manage stakeholder relationships and guide formulary decisions. These capabilities are crucial for optimizing drug selection, ensuring cost-effectiveness, and maintaining regulatory compliance in healthcare organizations.

What are some common challenges Senior Formulary professionals face when managing formulary updates and how can they be addressed?

Senior Formulary professionals often encounter challenges such as keeping up with rapidly evolving pharmaceutical products, balancing clinical efficacy with cost-effectiveness, and ensuring compliance with regulatory requirements. Coordinating input from multidisciplinary teams—including pharmacists, physicians, and insurance stakeholders—can be complex and time-consuming. To address these challenges, staying current with industry trends, implementing robust evaluation processes, and fostering open communication channels among stakeholders are essential strategies for success in this role.

What is a Senior Formulary and what do they do?

A Senior Formulary is a specialized professional, often in the healthcare or pharmacy benefit management sector, responsible for developing, managing, and evaluating drug formularies. They ensure that the list of covered medications is both clinically appropriate and cost-effective, working closely with pharmacists, physicians, and insurance companies. Their role involves analyzing medication utilization, updating formularies based on new evidence or guidelines, and negotiating with pharmaceutical companies to optimize medication access and cost savings for patients and organizations.
More about Senior Formulary jobs
What cities are hiring for Senior Formulary jobs? Cities with the most Senior Formulary job openings:
What are the most commonly searched types of Formulary jobs? The most popular types of Formulary jobs are:
What states have the most Senior Formulary jobs? States with the most job openings for Senior Formulary jobs include:
Infographic showing various Senior Formulary job openings in the United States as of June 2026, with employment types broken down into 90% Full Time, 8% Part Time, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $80,287 per year, or $38.6 per hour.
Director Clinical Affairs - Medicaid

Director Clinical Affairs - Medicaid

Elevance Health

Mason, OH • Hybrid

$75K - $102K/yr

Other

Medical, Dental, Vision, Life, Retirement, PTO

This job post has expired 1 day ago. Applications are no longer accepted.


Elevance Health rating

7.8

Company rating: 7.8 out of 10

Based on 331 frontline employees who took The Breakroom Quiz

166th of 261 rated insurance


Job description

Director Clinical Affairs - Medicaid

Location: This role requires associates to be in-office 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office.

Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

The Director Clinical Affairs is responsible for Pharmacy & Therapeutics (P&T) Committee participation, driving Medicaid formulary strategy, and leading clinical process improvement initiatives specific to Medicaid lines of business. This role provides leadership and oversight for Medicaid formulary management, ensuring alignment with state-specific regulatory requirements, clinical policies, and cost-of-care strategies while maintaining operational excellence in formulary maintenance and compliance.

How you will make an impact:

  • Represents the Medicaid line of business in P&T Committee discussions, providing subject matter expertise on formulary placement, tiering, and clinical policy alignment.

  • Develops, maintains, and governs policies, processes, and procedures that support Medicaid formulary management and ensure compliance with state-specific requirements.

  • Leads ongoing Medicaid formulary strategy, including weekly drug file updates, formulary maintenance, and decision-making aligned to existing clinical policies and regulatory mandates.

  • Partners with internal stakeholders to communicate formulary decisions and ensure effective implementation with minimal disruption to members and plan operations.

  • Supports evaluation, development, and implementation of cost-of-care strategies within Medicaid pharmacy programs, balancing clinical efficacy and financial performance.

  • Collaborates with health plan partners to develop and maintain Medicaid formularies that meet state bid requirements and compliance standards.

  • Identifies drugs or categories requiring escalation to the P&T Committee and ensures appropriate clinical review processes are followed.

  • Documents current clinical and operational processes related to formulary management and evaluates opportunities for efficiency, accuracy, and compliance improvements.

  • Oversees implementation of process improvements and measures outcomes, including operational efficiency, formulary accuracy, and regulatory compliance.

  • Hires, trains, coaches, counsels, and evaluates performance of direct reports, leading a team responsible for Medicaid formulary operations.

Minimum Requirements:

Requires RPh and minimum of 6 years of managed care pharmacy experience within a health plan or pharmacy benefits management company; or any combination of education and experience, which would provide an equivalent background. Current license to practice pharmacy as an RPh in applicable state(s) required. Business planning, program and product development, project management, productivity initiatives, financial management of drug costs, formulary development, data analysis, and clinical intervention design and implementation experience required. Requires BA/BS in Pharmacy.

Preferred Skills, Capabilities, and Experience:

  • Deep experience in Medicaid managed care pharmacy, including formulary management, maintenance, and strong understanding of state-specific regulatory and compliance requirements preferred.

  • Strong PBM experience with direct ownership of formulary strategy, drug file management, and decision-making preferred.

  • Demonstrated experience supporting Pharmacy & Therapeutics (P&T) Committee processes, as a clinical subject matter expert preferred.

  • Proven leadership experience leading high-performing teams, with the ability to drive accountability for formulary accuracy, efficiency, and compliance preferred.

  • Advanced knowledge of cost-of-care strategies and the ability to balance clinical outcomes with financial performance in a Medicaid environment preferred.

  • Exceptional communication and stakeholder management skills, with the ability to collaborate cross-functionally and represent Medicaid pharmacy strategy to senior leadership preferred.

For URAC accredited areas, the following professional competencies apply: Associates in this role are expected to have strong oral, written and interpersonal communication skills, problem-solving skills, facilitation skills, and analytical skills.

Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.

Who We Are

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.


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About Elevance Health

Sourced by ZipRecruiter

Elevance Health is a health company dedicated to improving lives and communities - and making healthcare simpler. A Fortune 20 company with a longstanding history in the healthcare industry, we are looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve. You will thrive in a complex and collaborative environment where you take action and ownership to solve problems and lead change. Do you want to be part of a larger purpose and an evolving, high-performance culture that empowers you to make an impact?

Industry

Health care and social assistance

Company size

10,000+ Employees

Headquarters location

Indianapolis, IN, US

Year founded

2004

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