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Full-Time

Senior Manager

Pharmacist, Formulary & Utilization Management Operations

Confirmed live in the last 24 hours

Oscar Health

Oscar Health

1,001-5,000 employees

Health insurance provider using technology

Social Impact
Healthcare
Fintech

Compensation Overview

$158.4k - $207.9kAnnually

+ Annual Performance Bonuses

Senior

Los Angeles, CA, USA + 2 more

More locations: Tempe, AZ, USA | New York, NY, USA

Requires onsite presence in New York City, Tempe, or Los Angeles for at least two days each week.

Category
Physicians & Surgeons
Medical, Clinical & Veterinary
Required Skills
Management
Requirements
  • Doctor of Pharmacy degree (PharmD)
  • Active, unrestricted US pharmacist license
  • 5+ years of experience performing pharmacy prior authorizations or related production work
  • 5+ years of experience supporting formulary operations (i.e. monograph development, clinical policy writing, P&T support)
  • 3+ years in a managed care pharmacy leadership role
Responsibilities
  • Annual submission of formulary binder and medical pharmacy preferred drug list (PDL) update/ expansion
  • Annual review and update of pharmacy related clinical policies and formulary/UM related operational policies
  • Review of new trade offers from rebate aggregators in partnership with Rx Insights to identify lowest net cost preferred drug strategies
  • Ensure new to market drugs are reviewed weekly to determine coverage and utilization management rules
  • Oversight of the Pharmacy & Therapeutics Committee
  • Lead semi-annual updates to UM staffing model in partnership with Rx Insights and workforce management
  • Maintain high performance standards for recruiting, hiring, and training new team members
  • Partner with internal ops leads to optimize prior authorization tooling and other product enhancements to improve workflows and member/provider experience
  • Maintain compliance with all applicable laws and regulations
  • Other duties as assigned

Oscar Health provides health insurance plans for individuals, families, and small businesses, aiming to simplify the insurance experience through technology. Their services include 24/7 virtual care, allowing members to consult healthcare providers anytime, which is convenient for those needing immediate medical advice. Oscar also offers tools to help members find in-network doctors, hospitals, and pharmacies, enhancing access to care. Unlike many traditional insurers, Oscar focuses on user engagement and digital accessibility, ensuring their services are inclusive for all, including people with disabilities. The company's goal is to make healthcare more accessible and affordable while maintaining high-quality care.

Company Stage

N/A

Total Funding

$1.6B

Headquarters

New York City, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

2%

1 year growth

4%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Oscar Health's aim to double its membership by 2027 indicates significant growth potential and market expansion.
  • The company's strong financial performance and profitability outlook for 2024 reflect robust business health.
  • Strategic partnerships, such as the one with Sanford Health Plan, enhance member engagement and technological integration.

What critics are saying

  • The competitive health insurance market requires continuous innovation to maintain a competitive edge.
  • Dependence on ACA policies and government regulations could pose risks if there are changes in healthcare laws.

What makes Oscar Health unique

  • Oscar Health leverages technology to simplify and humanize the insurance experience, setting it apart from traditional insurers.
  • Their 24/7 virtual care services provide immediate medical consultations, enhancing accessibility and convenience for members.
  • Oscar's focus on ACA-compliant plans and transparency in pharmacy benefits positions it uniquely in the market.

Benefits

Health insurance - That’s a given. Employees and their families receive incredible health insurance.

Financial benefits - A penny saved....we’re talking about a 401K plan, health savings accounts, and more.

Well @ Oscar - We care about your wellness with fitness classes and access to mental health support.

Work-Life Balance - We offer multiple time-off options, wellness days, and 10+ weeks of parental leave.

Learning & Development - We offer everything from mentorship to management training.