Role Description The Formulary Administration Pharmacist manages operational aspects of business unit, department; acts as the subject matter expert (SME) to lead and support the execution of strategic initiatives, projects, and/or programs under guidance of Director and/or Manager, Formulary Administration & Strategy. This position focuses on the efforts of the SavRx powered by MedImpact Formulary Administration Team in quality control and analysis of MedImpact client formulary set-up, rule sets, coding, accuracy, functionality, EOB, documentation, and concordance with client specified and regulatory requirements utilizing distinct but inter-related management and cross-departmental functions. Essential Duties and Responsibilities - Maintains, facilitates access to, and distributes clinical formulary information, formulary product descriptions, recommendations for rational drug formulary positioning, application, and revision, when necessary, of standard utilization management, and recommendations regarding client pharmacy benefit expenditures and utilization. - Collaborates with Industry Relations for financial strategy, and Configuration Services for operational support. - Is knowledgeable of regulatory constraints on the pharmacy benefit and ensures compliance with Federal and State regulations for all line(s) of business (e.g. Medicaid, Commercial, and Health Insurance Exchange). - Supports Medicaid/Commercial/Health Insurance Exchange Formulary Administration as follows: - Formulary creation and maintenance, utilization management creation and maintenance. - Collaborates with GPS, Compliance and other departments to ensure generation of regulatory compliance, reporting, and submission files. - Collaborates with Industry Relations to provide clinical oversight and ensure financial strategy is properly operationalized. Participates in meetings as necessary. - Support client teams with custom client formulary strategy recommendations. - Support of Formulary Decision Review meetings: attend meeting as clinical/operational support. - Develops formulary strategy and recommendations such as drug and UM positioning (quantity limits, step edit and prior authorization guidelines) in response to newly approved therapeutic agents, patent expirations, FDA alerts and drug recalls or withdrawals. - Researches and appropriately responds to formulary drug placement and UM rationale and coding questions. - Manages formulary activities related to MedImpact Standard and Custom formularies. Manages formulary change process including appropriate formulary content, application of utilization management activities, printed formularies, Plan Finder formulary files and the functions as required. Ensures that the review, coding and quality control of formulary changes occur in an appropriate, accurate, and timely manner based on client-specific parameters. - Ensures appropriate, accurate, and consistent client specific formulary claims adjudication, formulary flat file and Plan Finder file concordance. - Provides direct client consultation on all Formulary Administration and Strategy operations, programs, and software. - Responsible for accurate and timely task estimation and status reporting to Director/Manager, Formulary Administration & Strategy. - Provides formulary-specific documentation of maintenance activities to clients and regulatory bodies as appropriate. - Partners with other departments on a weekly, quarterly and ad hoc basis on the Formulary decision process. - Contributes to internal and external client notifications of timely clinical issues through daily, monthly and quarterly established communications. Supervisory Responsibilities - No supervisory responsibilities Client Responsibilities - This is an internal and external client facing position that requires excellent customer service skills and interpersonal communication skills (listening/verbal/written). - Manage difficult or emotional client situations. - Respond promptly to client needs. - Solicit client feedback to improve service. - Respond to requests for service and assistance from clients. - Meet commitments to clients. Qualifications - PharmD and 3+ years’ experience or equivalent combination of education and experience, and 1 year of SME in respective areas. - Knowledge of Microsoft Office, Outlook and a working knowledge of relational databases. - Registered Pharmacist in the State of California or equivalent state. - Ability to learn cross functional operations within the department. - Flexibility to work in a constantly changing business environment. - Ability to work non-standard business hours in order to execute and deliver within the confines and timeframes provided by CMS. Requirements - Ability to define problems, collect data, establish facts, and draw valid conclusions. - Ability to interpret an extensive variety of technical instructions in mathematical or diagram form and deal with several abstract and concrete variables. - Ability to work with mathematical concepts such as probability and statistical inference, and fundamentals of plane and solid geometry and trigonometry. - Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations. - Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. - Ability to effectively present information in one-on-one and small group situations to customers, clients, and other employees of the organization. Competencies - Composure - Decision Quality - Organizational Agility - Problem Solving - Customer Focus - Drive for Results - Peer Relations - Time Management - Dealing with Ambiguity - Learning on the Fly - Political Savvy Physical Demands The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. - Regularly required to sit and talk or hear. - Regularly required to stand; walk; use hands to finger, handle, or feel and reach with hands and arms. - Occasionally lift and/or move up to 25 pounds. Work Environment The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. - Regularly exposed to or encounter moving mechanical parts, high, precarious places, fumes or airborne particles, toxic or caustic chemicals, outdoor weather conditions, risk of electrical shock or vibration. - Noise level in the work environment is usually moderate (examples: business office with computers and printers, light traffic). Work Location This position works on-site at the San Diego Headquarters or other company location (or from a remote location with management approval based on business requirements). Must provide adequate support to internal clients; be available for regular interactions and coordination of work with other employees, colleagues, clients, or vendors; as well as be available to facilitate effective decisions through collaboration with stakeholders. Working Hours This is an exempt level position requiring the incumbent to work the hours required to fully accomplish job responsibilities and reasonably meet deadlines for work deliverables. The individual must have the flexibility to work beyond traditional hours and be able to work nights, weekends or on holidays as required. Work hours may be changed from time to time to meet the needs of the business. Typical core business hours are Monday through Friday from 8:00am to 5:00pm. Travel This position requires no travel however attendance may be required at various local conferences and meetings. Benefits - Medical / Dental / Vision / Wellness Programs - Paid Time Off / Company Paid Holidays - Incentive Compensation - 401K with Company match - Life and Disability Insurance - Tuition Reimbursement - Employee Referral Bonus Company Description MedImpact, is a privately-held pharmacy benefit manager (PBM) headquartered in San Diego, California. Our solutions and services positively influence healthcare outcomes and expenditures, improving the position of our clients in the market. MedImpact offers high-value solutions to payers, providers and consumers of healthcare in the U.S. and foreign markets.