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Compensating the pharmacy services manager

MANAGED CARE July 2001. © MediMedia USA
Compensation Monitor

Compensating the pharmacy services manager

MANAGED CARE July 2001. ©MediMedia USA

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One of the positions that Warren Surveys looked at when it tracked the salaries of 266 titles at over 500 HMO and managed care companies was pharmacy services manager.

Description: "Responsible for managing the drug formulary, drug information systems, pharmaceutical contracting, and staff supervision in a manner that will assure a consistently cost-effective and quality pharmacy program for plan members."

Here is what pharmacy service managers are paid in different areas of the country at different-sized health plans. The salaries are based on data collected as of Feb. 1, 2001.

Bigger is not always better

In terms of median salary vis-a-vis health plan size, pharmacy service managers at plans with 200,001 to 500,000 members generally made a better living, than those at plans in the 500,001 to 1 million, and 1 million-plus categories. Managers in the smallest plans had the highest salaries.

*Due to a low number of plans contributing for this particular category, Warren Surveys suppressed the 10th and 90th percentile to protect confidentiality.

SOURCE: WARREN SURVEYS, THE HMO SALARY SURVEY: SPRING 2001. FOR FURTHER INFORMATION CALL 815-877-8794.