Magellan Rx + Prime Residency Program

The ASHP accredited Magellan Rx + Prime PGY1 residency program will allow you to build your best career in managed care. You will develop a firsthand understanding of medical and pharmacy benefit integration and strategy. The skills and mindset that you cultivate will allow you to be more efficient, adaptable, and well-rounded, and will help kick-start your career as a pharmacist.


Contribute today, lead tomorrow

Residents have the opportunity to

  • Gain hands-on experience of specialty and medical drug management from a managed care perspective.
  • Be a part of the clinical program innovation team and develop/enhance specialty clinical programs in therapeutic areas such as oncology, hemophilia, and rare diseases.
  • Consult with health plan clients about specialty and medical drug strategies.
  • Develop an in-depth understanding of PBM operations, including claims adjudication, pricing, and pharmacy networks.
  • Evaluate and balance clinical, financial, and government considerations to produce patient-focused and therapeutically complete drug lists (formularies).
  • Participate and present at P&T committee meetings.
  • Evaluate opportunities for, and design utilization management criteria to reduce drug misuse and improve member health outcomes.
  • Develop a holistic specialty strategy, which includes management opportunities across the pharmacy benefit and medical benefit and distribution channels.
  • Learn about the latest developments in specialty pharmacy, and broaden understanding of concepts such as value-based contracting, rebates, and other innovative strategies.
  • Use and expand your knowledge of strategies across Commercial, Medicare, and Medicaid lines of business.
  • Present your research to industry stakeholders, including senior leaders, and national conferences.


  • $50,000 annual salary
  • Paid membership dues to AMCP and ASHP
  • Paid travel/hotel/fees for professional meetings (AMCP and/or ASHP)
  • Generous benefits package
  • Medical and dental insurance
  • 80 hours of paid time off
  • Paid holidays
  • Reimbursement for NAPLEX, MPJE (for home state)

Application requirements

  • Application, including CV and 3 Letters of Recommendation through the PHORCAS system submitted by January 2nd, 2024
  • On-track to graduate from ACPE-Accredited PharmD program by end of Spring Semester with a minimum of a 3.0 GPA (or “PASS” if in a Pass/Fail program)
  • Must obtain Pharmacist License from home state within 90 days of starting Residency