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.

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.