SVP, Pharmacy

InnovAge; Colorado; On-site; USD 250,000 - 390,000; Full time

Job summary

InnovAge in Colorado seeks a Senior Vice President, Pharmacy to provide enterprise leadership for pharmacy strategy, operations, clinical pharmacy model, distribution capabilities, and financial performance across markets. You will oversee clinical and distribution pharmacy, Part D optimization, medication use management, and pharmacy partnerships, driving growth, compliance, and total cost of care.

The role requires building a scalable, compliant, financially disciplined, and clinically

Qualifications

• Leadership experience in enterprise pharmacy.
• Strategic planning for pharmacy operations and growth.
• Financial acumen with P&L responsibilities.

Responsibilities

• Establishes and leads enterprise pharmacy strategy across clinical pharmacy, distribution pharmacy, medication use management, Part D, and pharmacy operations.
• Advises executive leadership on pharmacy performance, participant care, growth strategy, risk, compliance, and financial impact.
• Accountable for pharmacy-related P&L—revenue, expenses, margins, forecasts, and budget discipline.
• Oversees Part D strategy, regulatory compliance, audit readiness, medication utilization, formulary management, and pharmacy-related CMS requirements.

Skills

Leadership

Strategic planning

Pharmacy operations

P&L management

Part D knowledge

Job description

Job Description

Responsibilities

The Senior Vice President, Pharmacy provides enterprise leadership for InnovAge’s pharmacy strategy, operations, clinical pharmacy model, pharmacy distribution capabilities, medication use management, and financial performance. This role is accountable for leading an integrated pharmacy organization that supports participant care, operational scalability, regulatory compliance, growth, and total cost of care objectives across InnovAge markets.

The SVP, Pharmacy oversees both Clinical Pharmacy and Distribution Pharmacy, including enterprise clinical pharmacy strategy, Part D optimization, medication utilization, pharmacy operations, dispensing and adherence packaging, Pharmacy Benefit Manager relationships, and pharmacy-related financial performance. This role also maintains executive accountability for the partnership with outside partners, ensuring alignment on service delivery, performance, growth, compliance, operational integration, and participant outcomes. This role is responsible for building a scalable, compliant, financially disciplined, and clinically integrated pharmacy model that supports InnovAge’s growth strategy and care delivery priorities.

Essential Functions & Responsibilities

Functional Category: Enterprise Pharmacy Strategy, Growth and Executive Leadership

Estimated % of Time: 30%

• Establishes and leads the enterprise pharmacy strategy across clinical pharmacy, distribution pharmacy, medication use management, Part D, and pharmacy operations.
• Serves as the senior pharmacy advisor to executive leadership on pharmacy performance, participant care, growth strategy, risk, compliance, and financial impact.
• Aligns pharmacy strategy with InnovAge’s care model, operational priorities, enterprise growth objectives, and total cost of care goals.
• Leads the integration and standardization of pharmacy practices, workflows, policies, and performance expectations across markets.
• Evaluates pharmacy growth opportunities, service model expansion, operational investments, technology needs, and pharmacy infrastructure requirements.
• Monitors industry trends, payer dynamics, regulatory changes, emerging therapies, and pharmacy innovation to inform enterprise decision-making.
• Drives pharmacy transformation initiatives that improve quality, safety, adherence, service levels, scalability, and financial performance.
• Builds and leads a high-performing pharmacy leadership team with clear accountability, decision rights, and succession planning.

Functional Category: P&L, Financial Performance and Cost Management

Estimated % of Time: 20%

• Holds accountability for pharmacy-related P&L performance, including revenue, expense management, cost optimization, margin performance, financial forecasting, and budget discipline.
• Partners with Finance, Clinical Analytics, Operations, and executive leadership to establish pharmacy financial targets, dashboards, reporting frameworks, and performance improvement plans.
• Leads enterprise medication cost management strategies, including formulary optimization, utilization controls, adherence programs, and reduction of avoidable medication-related spend.
• Identifies opportunities to improve pharmacy economics while maintaining high-quality participant care, regulatory compliance, and service reliability.
• Establishes KPIs to monitor drug spend, cost trends, pharmacy utilization, distribution performance, service levels, clinical outcomes, and compliance performance.
• Supports business case development for pharmacy growth, new capabilities, operational investments, vendor partnerships, and service model changes.
• Partners with Finance and clinical leadership to align pharmacy performance with total cost of care, participant outcomes, and enterprise financial goals.

Functional Category: Clinical Pharmacy, Medication Use Management and Part D Oversight

Estimated % of Time: 20%

• Provides executive oversight of clinical pharmacy strategy, medication use management, Part D performance, and clinical pharmacy integration within the care model.
• Ensures pharmacy programs support safe, effective, evidence-based, and cost-conscious medication use for a complex geriatric population.
• Oversees Part D strategy, regulatory compliance, audit readiness, medication utilization, formulary management, and pharmacy-related CMS requirements.
• Partners with clinical leadership to integrate pharmacy into interdisciplinary care teams, primary care workflows, chronic disease management, deprescribing initiatives, and participant education