How much does a Pharmacy Benefit Manager make in the United States? The average Pharmacy Benefit Manager salary in the United States is $133,155 as of March 26, 2024, but the salary range typically falls between $118,657 and $148,880. Salary ranges 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 Salary Location Last Updated
10th Percentile Pharmacy Benefit Manager Salary $105,457 US March 26, 2024
25th Percentile Pharmacy Benefit Manager Salary $118,657 US March 26, 2024
50th Percentile Pharmacy Benefit Manager Salary $133,155 US March 26, 2024
75th Percentile Pharmacy Benefit Manager Salary $148,880 US March 26, 2024
90th Percentile Pharmacy Benefit Manager Salary $163,197 US March 26, 2024
25% $118,657 10% $105,457 90% $163,197 75% $148,880 $133,155 50%(Median) Didn’t find job title? Click
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COLLIER CARE LLC - Canton, OH

Healthcare Analyst

Calculated Hire - Cincinnati, OH

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NewPath Child & Family Solutions - Cincinnati, OH

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
A-Line Staffing Solutions - Franklin , TN
Job Description Job Description A-Line staffing is hiring a Pharmacy Technician - this position has career growth potential with full time / 40+ hours per week. If interested in this Pharmacy Technician position APPLY NOW for IMMEDIATE consideration Pharmacy Technician Summary and Highlights: This is a closed-door (non-retail) pharmacy tech role filling scripts that will go to patients in rehab center. This position is a contract assignment with potential to hire on permanently based upon attendance, performance, and business needs Benefits are available to full-time employees after 90 days of employment and include health, optical, dental, life, and short-term disability insurance A 401(k) with a company match is available for full-time employees with 1 year of service on our eligibility dates Pharmacy Technician Details and Compensation: Location: Nashville, TN – 100% on site Payrate: $20/hr Required Availability: Mon-Fri 930a-630p | Some weekends Pharmacy Technician Responsibilities
- Today
At CoreTrust, our mission is to redefine procurement by maximizing value through an efficient on-demand marketplace and community. We envision a prosperous world connected by seamless digital trade and we value building connections, acting nimbly, pioneering exploration, demonstrating fortitude, and driving impact. To support our rapid growth, we're seeking a dynamic Director of Business Development, Pharmacy Benefits Management This position is responsible for developing and executing the sales strategy to support the CoreTrust PBM program. This position is responsible for planning, organizing and managing all sales functions to achieve the company sales objectives and goals. This includes the ongoing building and development of third-party advisor relationships, prospective organizations and the full spectrum of relationship management required to meet CoreTrust's high standards and service model. This individual will possess strong industry knowledge and interpersonal skills to buil
- Today
A-Line Staffing Solutions - Greensburg , PA
Job Description Job Description A-Line staffing is hiring a Pharmacy Technician - this position has career growth potential with full time / 40+ hours per week. If interested in this Pharmacy Technician position APPLY NOW for IMMEDIATE consideration Pharmacy Technician Summary and Highlights: This is a closed-door (non-retail) pharmacy tech role filling scripts that will go to patients in rehab center. This position is a contract assignment with potential to hire on permanently based upon attendance, performance, and business needs Benefits are available to full-time employees after 90 days of employment and include health, optical, dental, life, and short-term disability insurance A 401(k) with a company match is available for full-time employees with 1 year of service on our eligibility dates Pharmacy Technician Details and Compensation: Location: Greensburg, PA USA 15601 – 100% on site Payrate: $17/hr Required Availability: Mon-Fri 1-11pm, possible weekends or 7-4pm, possible weeken
- Today
e-Zest Solutions -
We are seeking a highly skilled and experienced Solution Data Architect with expertise in Pharmacy Benefit Management (PBM) to join our dynamic team. As a Solution Architect, you will play a pivotal role in designing and implementing innovative solutions that meet our clients' needs in the healthcare industry. Your proficiency in software development, AWS cloud services, database development, and Python programming will be critical for success in this role. Key Responsibilities: Design: Collaborate with stakeholders to understand business requirements and design scalable, efficient, and cost-effective solutions leveraging your expertise in PBM and software development. Optimization: Evaluate existing systems and processes to identify opportunities for optimization and improvement, ensuring optimal performance and resource utilization. Cloud Expertise: Leverage your in-depth knowledge of AWS cloud services to architect solutions that are scalable, secure, and reliable. Development: Desi
- Today
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
Calculated Hire - Cincinnati , OH
Healthcare Analyst Direct Hire - Hybrid MUST be local to Cincinnati, OH & willing to work 2-3 days in office Our Fortune 20 client is looking for a motivated Analyst to join their growing analytics team. As an Analyst, you will be responsible for supporting Health & Wellness strategy analytics and reporting enterprise wide to maximize gross profit. Assist in the cultivation of Health & Wellness contracting and strategic relationships that drive sales. Demonstrate the company's core values of respect, honesty, integrity, diversity, inclusion and safety. If you are interested in joining this Fortune 20 Retailer as an Analyst, apply today! Responsibility Overview: Support Health & Wellness contracting strategy analytics and reporting enterprise wise to maximize gross profit Creating standard and automated reports that provide a tracking mechanism for contracting reimbursement or strategic initiatives Provide clear written communication to key stakeholders to explain analysis and provide s
- 2 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 compensation opportunity for a Pharmacy Benefit Manager, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
118657
148880
133155

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
126636
165312
144755
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Pharmacy Benefit Manager in the United States. The base salary for Pharmacy Benefit Manager ranges from $118,657 to $148,880 with the average base salary of $133,155. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $126,636 to $165,312 with the average total cash compensation of $144,755.

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118657
148880

 

Skills associated with Pharmacy Benefit Manager: Reporting

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