COMPENSATION MONITOR
Compensating the pharmacy services manager
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.
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