Pharmacy Residency Program

Learning at the Intersection of Pharmacy and Business

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Meet Innovative Rx Strategies

Unparalleled Expertise

Innovative Rx Strategies is a leading pharmacy benefits consulting firm that serves self-funded employer, benefits broker, third-party administrator, health care system and health plan clients nationwide.

With expert knowledge from having worked within the entire pharmacy supply chain, our team of pharmacists, nurses, strategists and regulatory experts is committed to one mission — breaking down a complex industry to save clients money on their benefits and manage their pharmacy spend and trend.

Innovative Rx Strategies services include:

  • Pharmacy benefit management
  • Pharmacy regulatory environment
  • PBM operations and pricing
  • Pharmaceutical manufacturing
  • Nursing and social work
  • Health care law & legislation
  • Retail and hospital pharmacy
  • Data analysis and forecasting
  • Clinical strategy
  • Pharmacy education


A Residency Like No Other

Nurture your passion for the business side of pharmacy while playing a critical role in clinical patient care. Our Managed Care Pharmacy residency is a first in the pharmacy benefits consulting space.

Learn and grow — develop managed care skills from a provider agnostic approach. Support small and large employers, third-party administrators, health insurance brokers and health systems across the country.

Download Program Brochure

Details and Requirements

Program Details

Program Length: 12 months

Location: Indianapolis, IN

Compensation and Benefits:

  • Competitive pay and benefits including 95% of employee-only premium and near site clinic paid by Innovative Rx Strategies
  • 15 days of paid time off
  • 2 days of personal Me-T-O paid time off
  • 9 paid holidays
  • 2 days of volunteer time off
  • Work -life balance
  • Wellness Program
  • Professional development support

Learning Experiences

Pharmacy Benefit Managment

  • Evaluate PBM contracts
  • Lead PBM RFPs
  • Implement new PBMs

Client Services

  • Day-to-day vendor management support
  • Pharmacists level peer support
  • Advocacy for clients and patients

Clinical Services

  • Medical data surveillance
  • Population health management strategies
  • Prior authorization criteria and formularies

Data Services

  • Quarterly PBM performance reviews
  • Support trend assessments
  • Annual PBM contract reconciliation

Wellness and Health Promotions

  • Develop patient-facing educational programs
  • Support health and wellness fairs and events

Clinical Pharmacy and Administrative Leadership

  • Engage with leadership in a growing business
  • Support business development
  • Manage projects, build relationships and lead a team

Professional Development

  • Certified Pharmacy Benefits Specialist Program (CPBS)
  • Submit publication on relevant topic
  • Complete Data-focused research project

And so much more.

Apply Today

Embrace your passion for pharmacy in a dynamic environment. This is no over-the-counter role — every day will provide a unique challenge and learning opportunity.  Explore PBM contracts, strategize on pharmacy plan design, and work alongside a unique multidisciplinary team.


All applicants must have a PharmD from an ACPE-accredited school of pharmacy and be eligible for licensure in Indiana.

Application materials:

  • Copy of official pharmacy school transcript
  • Letter of intent
  • Curriculum vitae (CV)
  • Three letters of recommendation

If interested, send all completed application materials to residency@innovativerxstrategies.com by Friday January 12, 2024.

Or check out our Pharmacy Residency Program brochure to learn more.

Pharmacy Residency Program