Series: Developing the future of managed care pharmacy thought leadership — Part III
Young pharmacy students jump-start their future by joining Prime's residency program.
Investing in young talent is important. At Prime, we know that developing future pharmacy leaders doesn’t happen overnight. That’s why we offer a yearlong managed care residency program that gives residents experience in 10 different rotation areas.
Residents build knowledge and skills necessary to flourish in managed care pharmacy by working hand-in-hand with pharmacy experts. All residents finish a project in each rotation area and present a final project at a managed care industry conference.
Here is a story from one of our past residents.
Justin Giguere, PharmD, clinical pharmacist, clinical formulary development & trend management strategy — 2016
I had an eye-opening year during my managed care residency at Prime.
Going into my residency, I expected to observe as I learned about the 10 different clinical areas on my rotation schedule. However, from day one it was clear I had landed an excellent opportunity to get real, hands-on managed care experience.
Early on, my residency director challenged me to help develop a formulary to blend financials with drug safety and efficacy. Instead of being a fly on the wall, a team of experts — who have many more years of experience than I do — were asking for my input. I was surprised at the level of acceptance they had for my thoughts and ideas.
Regular contact with senior leaders gave me the sense of belonging. I mean come on; I was attending weekly group meetings with the Chief Clinical Officer. Exposure to the decision making process gave me insight on how to use clinical expertise to make business decisions.
Throughout the year, I helped research and identify how concurrent use of opioids, benzodiazepines and muscle relaxants — also known as “Triple Threat” drugs — impacts health care utilization and the cost of care. I worked on identifying a problem to solve, gathering information from data analysts and creating a poster presentation with the marketing team. All of this led to presenting the research at the Academy of Managed Care Pharmacy annual conference with several of Prime’s clinical experts.
This experience was great. However, I got the most satisfaction from seeing how my work helped clients save money and thousands of people use medicine more safely.
It would be wrong not to mention all of the people I met during my residency. I met clinical program managers, several people on Prime’s Pharmacy and Therapeutics Committee and dozens of other experts. When I look back in 10 years, I bet I will remember the people the most.
Retail pharmacy is special to me. At the end of my residency, I felt I could make more of a positive impact in managed care pharmacy. So when the folks at Prime let me know they wanted me to continue the work I was doing, I decided to join the Prime team as a full-time clinical pharmacist.
I am so thankful that I get to work in an industry that I can learn something new every day.
If, like Justin, you’re interested in exploring managed care pharmacy and are seeking an opportunity to learn on the job, jump start your career today by applying to be our next managed care resident.
About Prime Therapeutics
Prime Therapeutics LLC (Prime) helps people get the medicine they need to feel better and live well. Prime manages pharmacy benefits for health plans, employers, and government programs including Medicare and Medicaid. The company processes claims and delivers medicine to members, offering clinical services for people with complex medical conditions. Headquartered in St. Paul, Minn., Prime serves just over 22 million people. It is collectively owned by 14 Blue Cross and Blue Shield Plans, subsidiaries or affiliates of those plans. Prime has been recognized as one of the fastest-growing private companies in the nation.
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