Formulary Management Pharmacist
United States Minor Outlying Islands, Utah, Arizona
Job DescriptionThe Formulary Management (FM) Team of MagellanRx supports the clinical and operational formulary needs of various lines of business such as Commercial, MCO, and Managed Medicaid. The team manages the implementation and maintenance of formularies on a weekly basis and ensures that adjudication and related publications reflect the latest changes.
The Formulary Management Pharmacist is a fundamental member of the team who will participate in many aspects of the team’s functions. The Formulary Management Pharmacist will play an integral part of monitoring new drugs and maintaining the operational aspects of formularies primarily.
Manage formularies and criteria for the purposes of adjudication and publishing on prescription drug lists and websites in line with the decisions from the drug review committees and in response to client requests.
Monitor for new drugs on the weekly drug file and apply appropriate drug statuses to formularies.
Ensure quality of the formulary by performing regular reviews of various available reports. This will require a working knowledge of common pharmacy data points with intermediate to advanced analytics skills with MS Excel and other comparable software.
Manage communications for members, clients, prescribers, pharmacies, and internal stakeholders regarding formulary changes in the form of emails, traditional mailings, and publications.
Research and explain clinical and business aspects of drugs and drug strategies to internal business partners. Participate in internal meetings to support and present relevant information as needed. Provide subject matter expertise to troubleshoot formulary related matters.
Function as the liaison between many MRx groups to ensure end to end formulary management.
Manage documentation and actionable items from meetings. Participate in documenting team procedures and create checklists that capture best practices for the operational work the team performs.
Other Job Requirements
•Pharmacy / PBM◦Pharmacist Degree (RPh or PharmD)
◦Knowledge of prescription drugs, disease states, therapy classes, formulary management techniques, prescription plan benefit designs, current healthcare industry news and trends
•Skills / Strengths
◦Strong analytical skills
◦Project management skills
◦Ability to multi-task
◦Can perform in an environment with changing priorities
◦Can meet short turnaround times with minimal oversight and assure accuracy
◦Excellent written and verbal communication skills
◦Ability to identify and solve problematic issues
◦Team player; respects colleagues
◦Ability to take direction and also self manage day to day duties and tasks assigned
◦Ability to quickly learn various computer systems and software
Ability to quickly learn and understand drug processing adjudication systems
◦Proficiency in MS Office; Word, Excel, PowerPoint (Visio and Access are a plus)
•Level of Supervision Received:
◦Under minimal supervision, performs assigned tasks as requested and subject to quality analysis of performance as needed.
•Level of Supervision Exercised:
•Travel up to 5% per year.
•Education: Pharmacy (RPh or PharmD degree)
•Work Experience: Minimum 1 year pharmacy experience in retail, mail order, health plan, PBM or similar setting as a pharmacist or pharmacy resident.
•Licenses and Certifications: Licensed RPh or PharmD
General Job Information
TitleFormulary Management Pharmacist
Job FamilyPharmacy Group
CountryUnited States of America
FLSA StatusUnited States of America (Exempt)
Recruiting Start Date1/14/2020
Date Requisition Created1/14/2020
EducationBachelors: Pharmacy (Required), PharmD: Pharmacy
License and Certifications - RequiredRPH - Registered Pharmacist - Pharmacy
License and Certifications - Preferred
Other Job Requirements
- Minimum of 2 years of pharmacy experience in retail, mail order, health plan, PBM or similar setting as a pharmacist or pharmacy resident.
- Knowledge of prescription drugs, disease states, therapy classes, health plan formulary management techniques, prescription plan benefit designs, current healthcare industry news and trends.
- Project management skills.
- Ability to perform in an environment with changing priorities and comfortable multi-tasking
- Ability to meet short turnaround times with minimal oversight and deadline driven.
- Excellent written and verbal communication skills.
- Strong analytical skills with ability to identify and solve problematic issues.
- Team player and treats colleagues with respect.
- Ability to take direction and also self manage day-to-day duties and tasks assigned.
- Ability to quickly learn various computer systems and software.
- Proficiency in MS Office Suite, specifically Word, Excel, PowerPoint (Visio and Access are a plus).
Magellan Health Services is proud to be an Equal Opportunity Employer and a Tobacco-free workplace. EOE/M/F/Vet/Disabled. Every employee must understand, comply and attest to the security responsibilities and security controls unique to their position.
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