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SmithRx logo
SmithRx

SmithRx is a tech-forward PBM committed to changing the way pharmacy benefits are managed.

Formulary Pharmacist

IT SupportIT SupportOtherRemoteTeam 51-200Since 2018H1B No SponsorCompany SiteLinkedIn

Location

United States

Posted

106 days ago

Salary

0

No structured requirement data.

Job Description

Formulary Pharmacist

SmithRx

This description is a summary of our understanding of the job description. Click on 'Apply' button to find out more. Role Description This role involves managing formulary and utilization strategies, data analysis, and collaboration with internal and external stakeholders. - Formulary & Utilization Management - Strategy Development: Design clinically sound UM tools and client-specific solutions to support cost-effective formulary structures. - Maintenance & QA: Maintain the accuracy of drug formularies across all platforms through rigorous testing and quality assurance. - Clinical & Financial Review: Evaluate new drug products and drug classes to recommend positioning based on rebate compliance, market trends, and clinical evidence. - Data Analysis & Insights - Claims Analysis: Audit claims data to identify cost-savings opportunities and trends that require clinical intervention. - Strategic Optimization: Translate data into actionable insights to enhance formulary performance and reduce healthcare costs. - Pipeline & P&T Committee Support - Pipeline Evaluation: Monitor and assess the potential formulary impact of upcoming drug pipelines. - Committee Coordination: Lead activities for the Pharmacy & Therapeutics (P&T) committee, including preparing drug reviews and executing formulary updates. - Collaboration & Communication - Internal SME: Act as the primary clinical expert for internal operations, implementation teams, and external partners. - Content Creation: Develop and update clinical marketing materials and formulary communications for diverse stakeholders. Qualifications - Doctor of Pharmacy (PharmD) required. - Minimum of 2 years in managed care or PBM (with a focus on formulary/operations) OR completion of a managed care residency. - Proven knowledge of pharmacy benefit management (PBM) practices, including UM and clinical program design. - Expertise in Medispan drug file systems and advanced MS Office skills (specifically Excel and Access). - Ability to prioritize multiple high-stakes tasks in a fast-paced, evolving corporate environment. - Exceptional interpersonal, written, and verbal communication skills. - Strong critical thinking skills with the ability to exercise independent judgment when solving complex problems. Benefits - Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance. - Flexible Spending Benefits. - 401(k) Retirement Savings Program. - Short-term and long-term disability. - Discretionary Paid Time Off. - Paid Company Holidays. - Wellness Benefits. - Commuter Benefits. - Paid Parental Leave benefits. - Employee Assistance Program (EAP). - Well-stocked kitchen in office locations. - Professional development and training opportunities.

Job Requirements

  • Doctor of Pharmacy (PharmD) required.
  • Minimum of 2 years in managed care or PBM (with a focus on formulary/operations) OR completion of a managed care residency.
  • Proven knowledge of pharmacy benefit management (PBM) practices, including UM and clinical program design.
  • Expertise in Medispan drug file systems and advanced MS Office skills (specifically Excel and Access).
  • Ability to prioritize multiple high-stakes tasks in a fast-paced, evolving corporate environment.
  • Exceptional interpersonal, written, and verbal communication skills.
  • Strong critical thinking skills with the ability to exercise independent judgment when solving complex problems.

Benefits

  • Highly competitive wellness benefits including Medical, Pharmacy, Dental, Vision, and Life Insurance and AD&D Insurance.
  • Flexible Spending Benefits.
  • 401(k) Retirement Savings Program.
  • Short-term and long-term disability.
  • Discretionary Paid Time Off.
  • Paid Company Holidays.
  • Wellness Benefits.
  • Commuter Benefits.
  • Paid Parental Leave benefits.
  • Employee Assistance Program (EAP).
  • Well-stocked kitchen in office locations.
  • Professional development and training opportunities.

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