Full-Time

Supervisor

Formulary Operations

Posted on 11/23/2025

MedImpact

MedImpact

1,001-5,000 employees

Independent PBM reducing prescription costs

Compensation Overview

$64.3k - $110.9k/yr

+ Compensation + Bonus + Equity + Incentive + 401K

No H1B Sponsorship

San Diego, CA, USA

In Person

Category
Operations & Logistics (2)
,
Required Skills
Customer Service
Requirements
  • BS/BA Degree or equivalent; plus 2+ years of experience (or equivalent combination of education and experience) and 1 year of supervisory experience
  • Supervisory experience may be substituted with two (2) years of MedImpact experience plus an appropriate external leadership training program and internal mentorship with a seasoned leader at the Director level or above that must be completed within 12 months in new position
  • Pharmacy Technician license or equivalent experience
  • Prior experience in PBM formulary setup and maintenance, relational and analytical database management programs required
  • Laker platform experience required
  • Must be able to execute and deliver within the confines and timeframes provided by CMS and the State government entities which may include non-standard business hours
  • Excellent customer service skills and interpersonal communication skills (listening/verbal/written) for internal and external client facing role
  • Knowledge of the entire Microsoft Office Suite of software tools as well as knowledge or ability to learn to use MedAccess and claims adjudication logic
  • Travel may be approximately 10% domestically and may require international travel; must have valid passport if international travel is needed
  • This is an internal and external client facing position that requires excellent customer service skills and interpersonal communication skills (listening/verbal/written). One must be able to; Respond promptly to client needs; Solicits client feedback to improve service; Respond to requests for service and assistance from clients; Meet commitments to clients; Manage difficult or emotional client situations.
Responsibilities
  • Manages, mentors, and provides supervisory guidance and oversight to formulary administration specialists
  • Oversees the staff that manages the operational formulary processes, configuration and implementation activities for all Commercial, Part D, Medicaid, and Marketplace lines of business and Enterprise Formulary System. This includes technical and workflow support, intake assessment and assignment, and quality review of formulary work product prior to implementation and client distribution
  • Coordinates inter and intra-departmental and external inquiries and requests surrounding the past plan year audits, the current plan year maintenance and the future plan year build concurrently
  • Provides formulary-specific documentation of maintenance activities to clients and regulatory bodies as appropriate. Ensures compliance with policies and procedures and how-to guides for Formulary Administration and Strategy
  • Maintain and update policies and procedures
  • Maintain and update job aids for Formulary Administration Specialists
  • Manages and contributes to current priority projects, programs, or initiatives as defined by leadership. Coordinates inter and intra-departmental project activities and groups as necessary to meet project goals and timeframes
  • Provides direct client consultation on designated Formulary Administration and Strategy formulary maintenance operations, programs, and software
  • Assists in the delivery of appropriate, accurate, and consistent client specific formulary claims adjudication, formulary flat files, Plan Finder file, and other related program materials
  • Responsible for accurate and timely task estimation and status reporting to Formulary Administration and Strategy management. Executes within the confines and timeframes provided by CMS which may include non-standard business hours.
  • Other reasonable tasks related to this job or to tasks in other departments that may be within the individual’s skill set, as needed by management
  • Provides internal and external client-facing support including maintaining relationships and facilitating communication with clients; responding to inquiries and ensuring client satisfaction
  • Supervisory responsibilities include interviewing, hiring, training employees; planning, assigning, directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems
  • Maintains and updates policies and procedures and job aids for Formulary Administration Specialists
  • Works on-site at the San Diego Headquarters or other company location (or from a remote location with management approval) and coordinates with internal clients and vendors; travel as needed for project requirements
  • Provides support for CMS and State government requirements and may require non-standard business hours
  • Works in collaboration with other departments and stakeholders to achieve formulary maintenance goals between planning and implementation stages
Desired Qualifications
  • Advanced Drug Information experience preferred

MedImpact is an independent pharmacy benefit manager (PBM) serving health plans, self-funded employers, and government entities. It designs and administers prescription drug benefits to lower costs and improve member health, including core PBM services, clinical programs, and specialty drug management. It operates at a large scale with transparency and flexible pricing, negotiating rebates and processing claims for clients. Its goal is to reduce prescription drug costs while improving health outcomes through data-driven, end-to-end benefit management.

Company Size

1,001-5,000

Company Stage

Seed

Total Funding

$2.8M

Headquarters

San Diego, California

Founded

1989

Simplify Jobs

Simplify's Take

What believers are saying

  • GLP-1 market expansion captures $100B+ obesity drug category with high-margin services.
  • Captive insurance acquisitions unlock SMB market segment demanding cost transparency alternatives.
  • Sav-Rx labor union expertise provides premium pricing power in historically underserved segment.

What critics are saying

  • October 2025 Qilin ransomware breach of 160GB data triggers HIPAA fines and client exodus.
  • CVS Caremark and Express Scripts control 80% market share, crushing rebate negotiation leverage.
  • PBM transparency laws eliminate retained rebate revenue, compressing independent operator margins permanently.

What makes MedImpact unique

  • Largest independent PBM with 20M+ members and $40B annual pharmacy transactions.
  • Vertically integrated portfolio spanning PBM, captive insurance, TPA, and specialty management.
  • GLP-1 Benefit 360 combines capped pricing, lifestyle coaching, and dietitian access uniquely.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Wellness Program

Unlimited Paid Time Off

Paid Vacation

401(k) Company Match

Life Insurance

Disability Insurance

Tuition Reimbursement

Employee Referral Bonus

Company News

The Associated Press
Mar 24th, 2026
MedImpact launches GLP-1 Benefit 360 to tackle obesity medication costs with capped pricing

MedImpact, the largest independent pharmacy benefits company in the US, has launched two solutions to manage rising GLP-1 medication costs whilst improving patient access: GLP-1 Benefit 360 and GLP-1 Direct Fund. GLP-1 Benefit 360 offers capped pricing for plans and members, integrated lifestyle support through the MedEmpower Fuel mobile app, and access to registered dietitians. The solution addresses the issue that over half of patients discontinue GLP-1 therapy within three months by providing personalised coaching at no additional cost. The GLP-1 Direct Fund allows healthcare payers to contribute set amounts toward direct-to-consumer pricing, offering members lower out-of-pocket costs whilst protecting plans from unpredictable cost increases. Both solutions bypass traditional high-cost pharmacy models to provide predictable pricing and clinical support.

MedImpact
Mar 16th, 2026
MedImpact Announces Acquisitions of Employer Insurance and Risk Management Companies | MedImpact

SRS Benefit Partners and MSL Captive Solutions provide alternative risk financing solutions that protect employers from sky-high administrative fees and renewals

Captive Review
Mar 16th, 2026
MedImpact acquires MSL Captive Solutions and SRS Benefit Partners from SRS

MedImpact acquires MSL Captive Solutions and SRS Benefit Partners from SRS. Acquisition of the two brands focused on medical stop-loss captive solutions by MedImpact Holdings extends its portfolio of care and coverage solutions MHW Benefit Partners (formerly SRS Benefit Partners) and MSL Captive Solutions have both been acquired by MedImpact Holdings Inc. Both businesses were previously owned by Strategic Risk Solutions. MedImpact is one of the US' largest independent health solutions and pharmacy benefit companies. MHW Benefit Partners helps small and mid-sized businesses, working independently or in groups, form, grow, and evolve captives, consortiums, and other employee benefit programmes. MSL Captive Solutions provides medical stop-loss insurance to protect self-insured employers from potentially catastrophic healthcare claims. Partnering with A-rated insurance companies, it underwrites individual employer stop-loss and captive programmes. Announcing the deals, MedImpact stated they expand its portfolio of care and coverage solutions, "providing employers with modular, cost-effective alternatives to traditional insurance carriers." "By integrating specialised risk management and alternative financing, MedImpact offers small and mid-sized businesses the transparency, flexibility, and cost control typically reserved for large, self-insured corporations," the company said. The two companies join MG Insurance as MedImpact's main risk management and underwriting brands, providing captive programmes and stop-loss protections. "Small and mid-sized businesses today struggle to manage runaway healthcare costs with the inflexible and opaque traditional insurance programmes," said Zach Johnson, MedImpact executive vice president. "We are putting power back in the hands of employers by giving them innovative alternatives, transparency, flexibility, and total control."

Captive Insurance Times
Mar 13th, 2026
MedImpact acquires MSL Captive Solutions and MHW Benefit Partners

Image: MedImpact_MHW Benefit Partners_MSL Captive Solutions_SRS Benefit Partners MedImpact acquires MSL Captive Solutions and MHW Benefit Partners. MedImpact Holdings, Inc., an independent health solutions and pharmacy benefit company, has acquired two risk management firms, MHW Benefit Partners and MSL Captive Solutions. The acquisitions expand MedImpact's portfolio of care and coverage solutions, providing small and mid-sized businesses with alternative financing and specialised risk management typically reserved for large, self-insured corporations. MHW Benefit Partners, formerly known as SRS Benefit Partners, assists businesses in the formation and evolution of captives, consortiums and other employee benefit programmes. MSL Captive Solutions specialises in medical stop-loss insurance, protecting self-insured employers from catastrophic healthcare claims. The firm partners with A-rated insurance companies to underwrite individual employer stop-loss and captive programmes. Commenting on the acquisitions, Zach Johnson, executive vice president at MedImpact, says: "Small and mid-sized businesses today struggle to manage runaway healthcare costs with the inflexible and opaque traditional insurance programmes. We are putting power back in the hands of employers by giving them innovative alternatives, transparency, flexibility, and total control." With the addition of these firms, MedImpact now offers a full suite of risk management and underwriting solutions, including captive programmes and stop-loss protections provided by MHW Benefit Partners, MSL Captive Solutions and MG Insurance. These services are integrated alongside third-party administration through Verdegard, transparent networks via PNOA and drug savings programmes through Ray Savings Solutions and Birdi. Based in San Diego, MedImpact has operated for more than 35 years, delivering tools and services designed to make healthcare more affordable and predictable for employers.

Business Wire
Mar 12th, 2026
MedImpact Expands Portfolio of Health Solutions with Acquisition of Two Employer Insurance and Risk Management Companies

MedImpact expands portfolio of health solutions with acquisition of two employer insurance and Risk Management companies. SRS Benefit Partners and MSL Captive Solutions provide alternative risk financing solutions that protect employers from sky-high administrative fees and renewals SAN DIEGO-(BUSINESS WIRE)-MedImpact Holdings, Inc., the nation's largest independent health solutions and pharmacy benefit company, today announced the acquisition of two innovative risk management firms: MHW Benefit Partners (formerly SRS Benefit Partners) and MSL Captive Solutions. MedImpact expands portfolio of health solutions with acquisition of two employer insurance and risk management companies share. These acquisitions expand MedImpact's portfolio of care and coverage solutions, providing employers with modular, cost-effective alternatives to traditional insurance carriers. By integrating specialized risk management and alternative financing, MedImpact offers small and mid-sized businesses the transparency, flexibility, and cost control typically reserved for large, self-insured corporations. * MHW Benefit Partners helps businesses, working independently or in groups, form, grow, and evolve captives, consortiums, and other employee benefit programs. These programs offer small and mid-sized businesses greater control over costs and transparency into plan administration than they have today. * MSL Captive Solutions provides medical stop-loss insurance to protect self-insured employers from potentially catastrophic healthcare claims. Partnering with A-rated insurance companies, it underwrites individual employer stop-loss and captive programs. With these acquisitions, MedImpact now offers employers a full suite of care, coverage, and risk management solutions that include: * Third-Party Administration (TPA): Integrated self-funded and level-funded programs through Verdegard. * Transparent Networks: Nationwide, direct-contracted provider access through PNOA. * Drug Savings & Clinical Programs: Advanced, high-touch clinical programs and specialty drug management through MedImpact, Ray Savings Solutions, and Birdi. * Risk Management & Underwriting: Captive programs and stop-loss protections provided by MHW Benefit Partners, MSL Captive Solutions, and MG Insurance. * Member Care & Fulfillment: High-touch home delivery via Birdi and member advocacy through Verdegard's Advanta program. Employers may choose these solutions individually or in custom bundles designed to meet their needs. "Small and mid-sized businesses today struggle to manage runaway healthcare costs with the inflexible and opaque traditional insurance programs," said Zach Johnson, MedImpact Executive Vice President. "We are putting power back in the hands of employers by giving them innovative alternatives, transparency, flexibility, and total control." About MedImpact MedImpact is the nation's largest independent health solutions and pharmacy benefit company. For more than 35 years, MedImpact has delivered innovative tools and services that make healthcare more predictable, personal, and affordable. To learn more, visit us online, follow us on LinkedIn, or contact us at [email protected].

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