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Title
Text copied to clipboard!Pharmacy Contract Manager
Description
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We are looking for a Pharmacy Contract Manager to join our dynamic healthcare team. The Pharmacy Contract Manager is responsible for overseeing the negotiation, implementation, and management of contracts with pharmaceutical suppliers, pharmacy benefit managers (PBMs), and other related vendors. This role ensures that all contracts are compliant with regulatory requirements and organizational policies, while optimizing cost savings and maintaining high standards of service delivery. The ideal candidate will possess strong negotiation skills, a keen understanding of the pharmaceutical industry, and the ability to manage multiple contracts simultaneously. Key responsibilities include evaluating contract terms, monitoring vendor performance, ensuring adherence to legal and regulatory standards, and collaborating with internal stakeholders such as pharmacy operations, legal, and finance teams. The Pharmacy Contract Manager will also be responsible for identifying opportunities for process improvements, cost reduction, and risk mitigation. This position requires excellent communication skills, attention to detail, and the ability to work in a fast-paced environment. Candidates should have a background in pharmacy, healthcare administration, or contract management, and be familiar with industry regulations such as HIPAA and Medicare Part D. The Pharmacy Contract Manager plays a critical role in supporting the organization's mission to provide high-quality, cost-effective pharmaceutical care.
Responsibilities
Text copied to clipboard!- Negotiate and manage contracts with pharmaceutical suppliers and PBMs
- Ensure compliance with regulatory requirements and organizational policies
- Monitor vendor performance and address issues as needed
- Collaborate with internal teams including pharmacy operations, legal, and finance
- Evaluate contract terms and recommend improvements
- Identify opportunities for cost savings and risk mitigation
- Maintain accurate records of all contracts and related documentation
- Develop and implement contract management processes
- Provide training and guidance to staff on contract-related matters
- Stay updated on industry trends and regulatory changes
Requirements
Text copied to clipboard!- Bachelor’s degree in pharmacy, healthcare administration, business, or related field
- Experience in contract management within the healthcare or pharmaceutical industry
- Strong negotiation and communication skills
- Knowledge of relevant regulations (e.g., HIPAA, Medicare Part D)
- Ability to manage multiple projects and deadlines
- Attention to detail and strong organizational skills
- Proficiency with contract management software and Microsoft Office Suite
- Analytical and problem-solving abilities
- Ability to work independently and as part of a team
- Certification in contract management (preferred)
Potential interview questions
Text copied to clipboard!- What experience do you have with pharmacy or healthcare contract management?
- How do you ensure compliance with regulatory requirements in contracts?
- Describe a challenging contract negotiation you managed.
- How do you monitor and evaluate vendor performance?
- What strategies do you use to identify cost-saving opportunities?
- Are you familiar with HIPAA and Medicare Part D regulations?
- How do you prioritize multiple contracts and deadlines?
- What contract management software have you used?
- How do you handle conflicts with vendors or internal stakeholders?
- Why are you interested in this Pharmacy Contract Manager position?
