Hospital Pharmacy Buyer Salary

A Hospital Pharmacy Buyer earns an average wage of $17.75 per hour. Most people in this job have more than five years' experience in related jobs.

$30,896 - $55,476
(Median)
$31K
$41K
$55K
MEDIAN: $41,492
10%
50%
90%

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$14.46 - $24.11
(Median)
$14
$18
$24
MEDIAN: $17.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$19K$38K$57K
Salary
$30,896 - $55,476  
   
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).
)
$30,424 - $55,131  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 21
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$12$24$36
Hourly Rate
$14.46 - $24.11  
   
Overtime
$14.54 - $34.03  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$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).
)
$30,424 - $55,131  
Country: United States | Currency: USD | Updated: 31 Mar 2015 | Individuals Reporting: 87

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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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Experience Affects Hospital Pharmacy Buyer Salaries

Late-Career
up arrow 4%

Mid-Career
up arrow 3%

National Average
$39,000

Experienced
up arrow 6%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 16 votes.

Gender

Female
86 %
Male
14 %

Years of Experience

Less than 1 year
1%
1-4 years
15%
5-9 years
23%
10-19 years
31%
20 years or more
31%

Common Health Benefits

medical benefits Medical: 86% dental benefits Dental: 72%
vision benefits Vision: 68% employee benefits None: 12%