Hospital Pharmacy Buyer Salary

A Hospital Pharmacy Buyer earns an average wage of $17.57 per hour.

$30,740 - $55,900

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$14.41 - $23.89

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$19K$38K$57K
Salary
$30,740 - $55,900  
   
Bonus
$0.00 - $600  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,311 - $53,683  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 19
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$12$24$36
Hourly Rate
$14.41 - $23.89  
   
Overtime
$-0.49 - $33.33  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$24K$48K$72K
Bonus
$0.00 - $600  
   
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$30,311 - $53,683  
Country: United States | Currency: USD | Updated: 18 Jul 2015 | Individuals Reporting: 83
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Job Description for Hospital Pharmacy Buyer

Hospital pharmacy buyers are typically employed by hospitals and are responsible for making sure their pharmacy has an adequate supply of necessary drugs and medications. The buyers are responsible for knowing which drugs are needed most often and for making sure the hospital has enough on hand. They make new orders and oversee the processing and distribution of each order once a shipment arrives. Hospital pharmacy buyers may also be responsible for setting medication prices and will typically also negotiate with suppliers to obtain the best purchase price and delivery time while working within the hospital's budget constraints. They are required to keep the pharmacy organized and easily accessible to the pharmacists on staff. Hospital pharmacy buyers work and interact with doctors, nurses, pharmacists, hospital management staff, vendors and suppliers. They stay abreast of industry trends, new drugs, price changes and other current events that affect the medical industry. Their work is mostly mental as opposed to physical and consists of a lot of clerical and paper work. Accurate record keeping skills are key. Hospital pharmacy buyers work indoors in a medical setting and usually keep normal business hours Monday through Friday. A bachelor's degree is recommended, but some hospitals may hire pharmacy buyers with a two year business certification. Prior experience in a hospital management setting is usually a plus to be considered for this job.


Hospital Pharmacy Buyer Tasks

  • Monitor and analyze pricing and adherence to contracts.
  • Negotiate with vendors to obtain optimum service and price.
  • Ensure inventory supply, order processing and distribution of pharmaceuticals and supplies.

Pharmacy Buyer Job Listings

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Pay by Experience Level for Hospital Pharmacy Buyer

Median of all compensation (including tips, bonus, and overtime) by years of experience.

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Experience Affects Hospital Pharmacy Buyer Salaries

Mid-Career
up arrow 5%

Late-Career
up arrow 3%

National Average
$38,000

Experienced
up arrow 3%

Entry-Level
up arrow 12%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 15 votes.

Gender

Female
88 %
Male
13 %

Years of Experience

Less than 1 year
1%
1-4 years
17%
5-9 years
23%
10-19 years
31%
20 years or more
28%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 72%
vision benefits Vision: 71% employee benefits None: 12%
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