Senior Director - Pharmacy/Formulary Management

Confidential Company  •  Rochester, MN

11 - 15 years experience  •  Patient Care

Salary depends on experience
Posted on 10/17/17
Confidential Company
Rochester, MN
11 - 15 years experience
Patient Care
Salary depends on experience
Posted on 10/17/17

Responsibilities: The Director supervises the Enterprise-wide pharmaceutical utilization and expense management initiatives managed through the Mayo Clinic Pharmaceutical Formulary activities of Mayo Clinic. The Director will be responsible for the administration of national contracts executed directly with suppliers or through the Group Purchasing Organization (GPO) for pharmaceutical supplies, distribution agreements, services, and equipment, facilitation of bid preparation, coordination of data collection, performance analysis, and support of the Mayo Pharmaceutical Formulary Committee (MPFC), it's subcommittees and taskforces. The formulary process includes representing managed care interests on the Mayo Pharmacy and Therapeutics Committee as well as P&T Committees for other Mayo entities (FSH, GLHP). Provides collaboration with inpatient and outpatient pharmacy senior managers and Mayo physicians to identify the most cost-effective agents for formulary inclusion. Coordinates formulary and contracting activities between the PBM, Inpatient and Out Patient pharmacies, Specialty Pharmacy and Mail Order operation. The Director supervises employees in the pharmaceutical contract formulary management unit. The Director also provides direction to contractors working in the pharmaceutical formulary area in addition to pharmaceutical sales and marketing representatives that are assigned to Mayo Clinic. The Director creates and maintains relationships with the pharmaceutical industry including involvement with the vendor credentialing/registration system.

Qualifications: Requires a minimum of ten years progressive experience in pharmaceutical operations, distribution, and/or contracting including but not limited to exposure and involvement with Manage Care Rebates, PBM, 340B, and dispensing operations. Must have Pharm.D. or B.S. (Pharmacy) with a Master’s Degree in relevant area of study is required. Must hold a state pharmacist license or be eligible for licensure. Must demonstrate knowledge of pharmaceutical accounting processes, cost/benefit analysis, on-line ordering, inventory control systems, pharmaceutical distribution, state and federal laws and regulations regarding pharmaceuticals, drug pedigree tracking, pharmaceutical vendors, group purchasing organizations, managed care prescription plans, pharmaceutical manufacturers, and pharmaceutical distributors. Possess in-depth knowledge of pharmaceutical services, formulary management, wholesaler relationships, group purchasing operations and various contracting strategies to address different classes of trade needs. Excellent communication and customer service skills are essential. Must demonstrate excellent negotiation skills and a thorough knowledge of contract law. Must be proficient with software programs (Excel, Word, Access, Power Point and wholesaler online operations.)

Additional Qualifications: Previous experience in Pharmacoeconomics

Benefit Eligible: Yes
Exemption Status: Exempt
Compensation Detail: Education, experience and tenure may be considered along with internal equity when job offers are extended. The minimum salary every 2 weeks is approx $5,165.60, based on a full-time position.
Hours/Pay Period: Full Time

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