Sentara Healthcare

Pharmacy Benefits Manager

Sentara Healthcare$100K — $120K *
Healthcare
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree required
  • 3 years of managed care contracting experience
  • 3 years of experience in healthcare
  • Experience in pharmacy managed care and understanding of PBM structures
  • Strong financial acumen and experience in contract modeling
  • Knowledge of healthcare regulations and value-based care preferred

Responsibilities

  • Lead managed care contracting strategies for third-party payors
  • Serve as liaison for a portfolio of payor relationships
  • Oversee contract implementation and issue resolution
  • Support data analysis for managed care operations
  • Facilitate day-to-day operations including patient access and claims adjudication
  • Collaborate with clinical and pharmacy leadership to optimize contract performance

Benefits

  • Medical, Dental, and Vision plans
  • Adoption, Fertility, and Surrogacy Reimbursement up to $10,000
  • Paid Time Off and Sick Leave
  • Paid Parental & Family Caregiver Leave
  • Emergency Backup Care
  • Life Insurance
  • 401k/403B with Employer Match
  • Tuition Assistance - $5,250/year
  • Student Debt Pay Down - $10,000
  • Reimbursement for certifications and professional development
  • Pet Insurance
  • Legal Resources Plan
  • Annual discretionary bonus opportunity
Full Job Description
City/State
Virginia Beach, VA

Work Shift
First (Days)

Overview:

Manager, Managed Care Contracting

The Manager, Managed Care leads medical and pharmacy managed care contracting strategies and activities for assigned third-party payors, supporting Sentara Healthcare provider divisions. This role partners with clinical, pharmacy, and managed care leadership to optimize reimbursement, ensure contract performance, and align financial and operational objectives. The Manager, Managed Care serves as the primary liaison for a portfolio of payor relationships, overseeing contract implementation, issue resolution, and ongoing performance. This role supports data analysis and facilitates coordination of day-to-day managed care operations, including patient access, claims adjudication, and care management.

Hybrid position at 1300 Sentara Park, Virginia Beach, Virginia --two days remote and three days on site at Sentara Park.

There is an opportunity for Richmond (Virginia) residents to work same schedule at Sentara Health Plan in Richmond. Required to work each Wednesday at Sentara Park, Virginia Beach.

Education

  • Bachelor's degree (Required)


Experience

  • 3 years of experience in managed care contracting (Required)


  • 3 years of experience in healthcare (Required)


We are seeking demonstrated experience in pharmacy managed care, including:

  • Understanding of pharmacy benefit management (PBM) structures and reimbursement models (e.g., AWP, MAC, NADAC)


  • Experience negotiating pharmacy reimbursement terms and specialty pharmacy agreements


  • Knowledge of formulary management, utilization management, and drug pricing strategies


Strong financial acumen with experience in contract modeling and reimbursement analysis

Knowledge of healthcare regulations, payor requirements, and value-based care arrangements preferred

Benefits: Caring For Your Family and Your Career

Medical, Dental, Vision plans
• Adoption, Fertility and Surrogacy Reimbursement up to $10,000
• Paid Time Off and Sick Leave
• Paid Parental & Family Caregiver Leave
• Emergency Backup Care
• Long-Term, Short-Term Disability, and Critical Illness plans
• Life Insurance
• 401k/403B with Employer Match
• Tuition Assistance - $5,250/year and discounted educational opportunities through Guild Education
• Student Debt Pay Down - $10,000
• Reimbursement for certifications and free access to complete CEUs and professional development
• Pet Insurance
• Legal Resources Plan
• Colleagues have the opportunity to earn an annual discretionary bonus if established system and employee eligibility criteria is met.

About Sentara Healthcare

Sentara Healthcare is a not-for-profit healthcare system that operates hospitals, outpatient care centers, imaging centers, and other healthcare facilities in Virginia and North Carolina. The system provides a range of medical services, including cancer care, heart and vascular care, orthopedics, pediatrics, and women's health. Sentara Healthcare also offers health plans and wellness programs. The system is committed to providing high-quality, patient-centered care and has received numerous awards and recognitions for its clinical outcomes and patient satisfaction.
Learn more about Sentara Healthcare
Size
30,000 employees
Industry

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