Pharmacy Benefits Manager
At a glance
Manager-level Compensation & Benefits role at Sentara Health. Virginia Beach · full-time · $112,049–$172,515 base.
hrroles summary, based on the employer's posting.
What you'll do
- Set medical and pharmacy contracting plans for assigned payors, supporting provider divisions
- Serve as the main contact for payor relationships and guide contract rollout, issue resolution and performance reviews
- Analyze reimbursement and contract results, including pharmacy terms, specialty agreements and drug pricing
- Coordinate daily managed care work involving patient access, claims processing and care management
What you bring
- A bachelor’s degree is required
- At least three years working in managed care contracting and three years in healthcare
- You bring pharmacy managed care experience, including PBM reimbursement models and negotiating pharmacy terms
- You can model contracts and analyze reimbursement, with knowledge of formularies and utilization management
Who this fits
This manager role suits someone with a background in pharmacy managed care contracting and financial analysis. The hybrid schedule includes two remote days and three on-site days each week; every Wednesday is at Sentara Park in Virginia Beach. Richmond residents can follow the same schedule from the Richmond location.
From the employer
City/State
Virginia Beach, VAWork Shift
First (Days)Overview:
Manager, Managed Care Contracting
The Manager, Managed Care leads medical and pharmacy managed care contracting strategies and activities for assigned third-party payors, supporting Sentara Healthcare provider divisions. This role partners with clinical, pharmacy, and managed care leadership to optimize reimbursement, ensure contract performance, and align financial and operational objectives. The Manager, Managed Care serves as the primary liaison for a portfolio of payor relationships, overseeing contract implementation, issue resolution, and ongoing performance. This role supports data analysis and facilitates coordination of day-to-day managed care operations, including patient access, claims adjudication, and care management.
Hybrid position at 1300 Sentara Park, Virginia Beach, Virginia --two days remote and three days on site at Sentara Park.
There is an opportunity for Richmond (Virginia) residents to work same schedule at Sentara Health Plan in Richmond. Required to work each Wednesday at Sentara Park, Virginia Beach.
Education
Bachelor’s degree (Required)
Experience
3 years of experience in managed care contracting (Required)
3 years of experience in healthcare (Required)
We are seeking demonstrated experience in pharmacy managed care, including:
Understanding of pharmacy benefit management (PBM) structures and reimbursement models (e.g., AWP, MAC, NADAC)
Experience negotiating pharmacy reimbursement terms and specialty pharmacy agreements
Knowledge of formulary management, utilization management, and drug pricing strategies
Strong financial acumen with experience in contract modeling and reimbursement analysis
Knowledge of healthcare regulations, payor requirements, and value-based care arrangements preferred

We provide market-competitive compensation packages, inclusive of base pay, incentives, and benefits. The base pay range for full-time employment is $112,049.60 - $172,515.20 annually. Additional compensation may be available for this role, such as shift differentials, standby/on-call pay, shift premiums, extra-shift incentives, or bonus opportunities. Compensation within the range may vary based on qualifications, experience, location, market conditions, and business needs. Note: If an annual salary is posted, it is based on a full-time colleague working 2,080 hours annually.

Sentara offers a comprehensive benefits package, including medical, dental, vision, life and disability insurance; 401(k)/403(b) with employer match; paid time off (vacation, sick time, and holidays); paid parental and military leave; educational assistance or student loan repayment; and voluntary benefits.

Benefits: Caring For Your Family and Your Career
• Medical, Dental, Vision plans
• Adoption, Fertility and Surrogacy Reimbursement up to $10,000
• Paid Time Off and Sick Leave
• Paid Parental & Family Caregiver Leave
• Emergency Backup Care
• Long-Term, Short-Term Disability, and Critical Illness plans
• Life Insurance
• 401k/403B with Employer Match
• Tuition Assistance – $5,250/year and discounted educational opportunities through Guild Education
• Student Debt Pay Down – $10,000
•Pet Insurance
•Legal Resources Plan
•Colleagues have the opportunity to earn an annual discretionary bonus if established system and employee eligibility criteria is met.
Sentara Health is an equal opportunity employer and prides itself on the diversity and inclusiveness of its close to an almost 30,000-member workforce. Diversity, inclusion, and belonging is a guiding principle of the organization to ensure its workforce reflects the communities it serves.
In support of our mission “to improve health every day,” this is a tobacco-free environment.
For positions that are available as remote work, Sentara Health employs associates in the following states:
Alabama, Delaware, Florida, Georgia, Idaho, Indiana, Kansas, Louisiana, Maine, Maryland, Minnesota, Nebraska, Nevada, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.