How much does a Pharmacy Benefit Manager make hourly in the United States? The average hourly wage for a Pharmacy Benefit Manager in the United States is $64 as of March 26, 2024, but the salary range typically falls between $57 and $72. Hourly rate can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

Based on HR-reported data: a national average with a geographic differential
Pharmacy Benefit Manager Salaries by Percentile
Percentile Hourly Pay Rate Location Last Updated
10th Percentile Pharmacy Benefit Manager Salary $51 US March 26, 2024
25th Percentile Pharmacy Benefit Manager Salary $57 US March 26, 2024
50th Percentile Pharmacy Benefit Manager Salary $64 US March 26, 2024
75th Percentile Pharmacy Benefit Manager Salary $72 US March 26, 2024
90th Percentile Pharmacy Benefit Manager Salary $78 US March 26, 2024
25% $57 10% $51 90% $78 75% $72 $64 50%(Median) Didn’t find job title? Click
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What is a Pharmacy Benefit Manager ?

In the United States, a pharmacy benefit manager (PBM) is a third-party administrator of prescription drug programs for commercial health plans, self-insured employer plans, Medicare Part D plans, the Federal Employees Health Benefits Program, and state government employee plans. According to the American Pharmacists Association, "PBMs are primarily responsible for developing and maintaining the formulary, contracting with pharmacies, negotiating discounts and rebates with drug manufacturers, and processing and paying prescription drug claims. For the most part, they work with self-insured com...

Source: Wikipedia (as of 04/18/2019). Read more from Wikipedia

See user submitted job responsibilities for Pharmacy Benefit Manager.

Job Openings for Pharmacy Benefit Manager
The Health Plan - Wheeling , WV
POSITION SUMMARY: Responsible for providing the company strategic pharmacy services leadership and direction. Leads the diverse pharmacy service's teams who are responsible for managing the pharmacy benefit for The Health Plan and its clients. This position will lead and develop the pharmacy team to deliver an integrated pharmacy management model. QUALIFICATIONS REQUIRED: (Education, Experience, Skills) * PharmD from an accredited school of pharmacy. * Active, unrestricted license with the Board of Pharmacy in the appropriate state. * Minimum three years in pharmacy managed care or pharmacy benefits manager leadership role. * Must demonstrate success in managing a health plan's pharmacy benefits manager relationship. * Experience evaluating, tailoring, and developing integrated pharmacy programs and executing strategies to maximize pharmacy benefit savings. * Experience building and maintaining constructive, collaborative, and effective relationships with vendors, outside contacts and
- 1 day ago
Manpower - Tempe , AZ
Prior Authorization Representative – $23.50 hourly Our client in (Tempe, Arizona) is looking for hardworking, motivated talent to join their team. (Pharmacy Benefit Management Company) Don’t wait. Apply today! What's in it for you? $23.50 Hourly Monday through Friday 930am to 6pm with a weekend rotation. Paid training Full time hours/Hybrid schedule (CPHT currently Licensed) Contract to Hire What will you be doing? Inbound phone calls from medical offices, emails communication based Troubleshooting the needs of the customers. What do you bring? Positive, can-do attitude Must have 1 to 2 years of inbound call center experience Pharmacy Certified or currently Licensed CPHT with out restrictions.
- 2 days ago
Pharmacy Data Management, Inc. - Youngstown , OH
PDMI is seeking a talented Pharmacy Network Contract Coordinator to join our team and contribute to our mission-driven work! As a Pharmacy Network Contract Coordinator, you'll be at the heart of our contracting processes, ensuring alignment with PDMI's values and policies. Collaborating closely with our Pharmacy Network Senior Contract Manager and internal stakeholders, you'll play a crucial role in executing contract-related activities efficiently. Since 1984, PDMI has provided pharmacy data processing and other flexible, scalable solutions to help our clients meet their business objectives. We offer transparent, pass-through pharmacy processing and other services for private label Pharmacy Benefit Managers (PBMs), vertically integrated health plans and hospital systems. In addition to Pharmacy Benefit Administrative Services, we offer 340B Administration, Hospice and Long-Term Care Services. Why Join Us: Best Employer: PDMI was voted a Best Employer in Ohio for the 3rd consecutive ye
- 2 days ago
When you're the best, we're the best. We instill an environment where employees feel engaged, satisfied and able to contribute their unique skills and talents while living and working as their authentic selves. We provide extensive opportunities for personal and professional development, building both employee competence and organizational capability to fuel exceptional performance through an inclusive environment both now and in the future. Alluma-a Pharmacy Benefits Illuminator that operates collaboratively with clients, working alongside them to identify opportunities for optimizing their benefits programs and promoting improved health outcomes. Summary: In this role, you will oversee and execute small to mid-sized projects such as small matrix facilities and source systems to support Alluma, a Pharmacy Benefits Illuminator. In addition, you will provide administrative support to the Vice President and General Manager of Alluma. You will work independently to meet deadlines and bala
- 3 days ago
Fairview Health Services - Minneapolis , MN
Overview: Achieve assigned sales goals. Prospect new clients directly or through third party relationships. Cultivate and maintain successful relationships. Explore new and innovative opportunities and market approach to drive growth. Create and deliver presentations highlighting ClearScript. Responsibilities/Job Description: Achieve assigned sales goals Develop, implement, and execute assigned sales plan. Work directly with the ClearScript management team and the sales, product development, and marketing team to coordinate sales efforts. Review, analyze, and develop sales plan to respond to changes in referral source activity/employer group mix. Prioritize sales efforts with input of ClearScript management team. Recommend and participate in the development of sales materials as needed, and continuously monitor and evaluate the effectiveness of the content. Prepare and present regular sales strategy, contacts and progress reports using CRM pipeline tools and reports for ClearScript sal
- 3 days ago
The Health Plan of West Virginia Inc - Wheeling , WV
Job Description Job Description POSITION SUMMARY: Responsible for providing the company strategic pharmacy services leadership and direction. Leads the diverse pharmacy service's teams who are responsible for managing the pharmacy benefit for The Health Plan and its clients. This position will lead and develop the pharmacy team to deliver an integrated pharmacy management model. QUALIFICATIONS REQUIRED: (Education, Experience, Skills) PharmD from an accredited school of pharmacy. Active, unrestricted license with the Board of Pharmacy in the appropriate state. Minimum three years in pharmacy managed care or pharmacy benefits manager leadership role. Must demonstrate success in managing a health plan's pharmacy benefits manager relationship. Experience evaluating, tailoring, and developing integrated pharmacy programs and executing strategies to maximize pharmacy benefit savings. Experience building and maintaining constructive, collaborative, and effective relationships with vendors, o
- 3 days ago

Career Path for this job

  1. Down a level:

    Benefits Supervisor

    3 - 5 years experience
    Bachelor's Degree

  2. This Job:

    Pharmacy Benefit Manager

    5 + years experience
    Bachelor's Degree

  3. Up a level:

    Benefits Senior Manager


    Bachelor's Degree

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Understand the total hourly compensation opportunity for a Pharmacy Benefit Manager, hourly wage plus other pay elements

Average Hourly Wage

Core compensation

 
 
 
57
72
64

Average Total Hourly Cash Compensation

Includes base and short-term incentives

 
 
 
61
79
70
These charts show the average hourly wage (core compensation), as well as the average total hourly cash compensation for the job of Pharmacy Benefit Manager in the United States. The average hourly rate for Pharmacy Benefit Manager ranges from $57 to $72 with the average hourly pay of $64. The total hourly cash compensation, which includes base and short-term incentives, can vary anywhere from $61 to $79 with the average total hourly cash compensation of $70.

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For a real-time salary target, tell us more about your role in the four categories below.

57
72

 

Skills associated with Pharmacy Benefit Manager: Reporting

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