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Formulary & Clinical Insights Lead

Formulary & Clinical Insights Lead

CompanyCapital Rx
LocationNew York, NY, USA, Denver, CO, USA
Salary$120000 – $140000
TypeFull-Time
DegreesPharmD
Experience LevelSenior, Expert or higher

Requirements

  • Doctor of Pharmacy (PharmD) Degree from an accredited institution
  • Current, unrestricted registered pharmacist license(s)
  • Possess a strong knowledge of drug therapeutics, disease state management, and treatment guidelines as part of the development of a clinical strategy
  • Leverage a deep knowledge of highly managed specialty medications/strategies, formulary development and maintenance processes, utilization management, and product pipeline to develop a formulary strategy
  • Understanding of financial arrangements within the landscape between pharmaceutical companies, PBMs, clients, payers, GPOs, aggregators, and members
  • Possess strong understanding of language criteria to develop rebate, formulary, and utilization management strategies
  • Proficient in Microsoft office Suite with emphasis on Microsoft Excel and PowerPoint
  • Ability to balance multiple complex projects simultaneously
  • Exceptional written and verbal communication skills
  • Ability to speak clearly and concisely, conveying complex or technical information to various audience type
  • Extremely flexible, highly organized, self-starter, and able to shift priorities easily
  • Attention to detail and commitment to delivering high quality work product
  • Proven ability to work well and collaboratively cross functionally, with multiple teams or departments in a fast-paced environment
  • Ability to travel
  • Responsible for adherence to the Capital Rx Code of Conduct including reporting of noncompliance.

Responsibilities

  • Utilize comprehensive understanding of clients’ formularies and rebates to develop and present strategies that that promote lowest net-cost options within specific therapeutic classes
  • Lead and develop financial modeling using client’s formulary and benefit structure to identify opportunities for formulary optimization that is based on various data sources, and utilization data
  • Develop repeatable methods to perform multiple analysis to compare and to evaluate the outcomes for each strategy
  • Create reporting standards to track financial performance of client adoption of strategies and summarize key metrics of progress
  • Leverage strong project management skills to manage multiple requests and have a sense for details that ensures accuracy of information
  • Align internal stakeholders on strategy and to present externally to clients
  • Stay up to date on the drug pipeline and its impact or forecasting potential impact on drug classes/rebates/utilization/modeling
  • Ensuring rebate compliance and clinical auditing of client custom formulary setup and UM criteria
  • Vendor relationship and management
  • Participate in quality performance initiatives
  • Responsible for adherence to the Capital Rx Code of Conduct, including reporting of noncompliance.

Preferred Qualifications

  • Residency/fellowship preferred
  • Experience working with large datasets preferred