Pharmacists in managed care apply their clinical pharmacy skills to benefit patient health outcomes and to optimize cost-effective use of expensive medication for their organizations and the patient populations they serve. Managed care incorporates ideas from public health that look across the healthcare continuum to improve the health of populations and decrease overall healthcare cost for patients, health plans, employers, and government agencies. Most professionals work for health plans and pharmacy benefit management (PBM) companies.
In these companies, clinical pharmacists are writing prior authorization criteria and doing coverage reviews, providing comprehensive pharmaceutical care or MTM, deciding what price to give a drug when building a formulary drug list, developing clinical strategies that promote appropriate and effective use of medications, negotiating rebate contracts with pharmaceutical companies, monitoring new drug approvals coming to the market, working with clients or employers to design customized health benefits, health outcomes research and big data analytics looking at claims data, and much more.
By joining AMCP, students would have the opportunity to learn more about the managed care and health insurance industry, attend corporate tours of managed care companies, network with local and national leaders in healthcare, participate in the Pharmacy and Therapeutics (P&T) Competition, gain access to professionals and job opportunities at fortune 500 healthcare companies, and attend several local and national pharmacy conferences in cities such as: Orlando, San Francisco, and Washington DC.
The AMCP student chapter at the University of Minnesota is unique in that it operates a dual campus chapter on both the Minneapolis and Duluth campuses. The organizational structure and distance between campuses creates a set of challenges uncommon to most other AMCP student chapters; however, the need for cross-campus collaboration has sparked creative thought and unlocked opportunities. Coordination and communication between AMCP leadership on both campuses has been key to the successful implementation of new initiatives and activities created by the student chapter this year.