Full-Time

Senior Manager

Pharmacist, Formulary & Utilization Management Operations

Posted on 10/2/2024

Oscar Health

Oscar Health

1,001-5,000 employees

Health insurance provider using technology

Fintech
Healthcare

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
Healthcare Administration & Support
Medical, Clinical & Veterinary
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 locate doctors and facilities that accept their insurance, enhancing access to care. Unlike 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

IPO

Total Funding

$1.6B

Headquarters

New York City, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

4%

1 year growth

11%

2 year growth

9%
Simplify Jobs

Simplify's Take

What believers are saying

  • Oscar Health's partnership with Cigna expands its provider network for small businesses.
  • The company gained 600,000 new members through personalized digital campaigns in 2023.
  • Oscar Health reported a 46% revenue increase year-over-year, showcasing strong financial performance.

What critics are saying

  • Oscar Health exited the Medicare Advantage market, losing 1,800 members.
  • The partnership with Cigna saw a membership decline of nearly 10,000 members year-over-year.
  • Reliance on the ACA market poses risks due to potential political and regulatory changes.

What makes Oscar Health unique

  • Oscar Health uses technology to simplify and humanize the insurance experience.
  • The company offers 24/7 virtual care services for immediate medical consultations.
  • Oscar Health focuses on digital accessibility, ensuring services are inclusive for all.

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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.

INACTIVE