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Resetting the Clock on Hospital Pharmacy
Ricky Alfonso
March 09, 2025
March 9th, 2025
Hello there,
Was Walgreens being bought out and taken private on your 2025 Bingo card? Time will tell how that impacts the retail pharmacy world.
Don’t forget, tonight is daylight savings.
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Today’s Insights
Resetting the Clock on Hospital Pharmacy
TL;DR - Good news coming for those wanting to transition into hospital and others looking to climb the hospital career ladder.
It’s only fair this month’s newsletter focuses on hospital pharmacy after last month’s deep dive into retail. Pharmacist Compensation analyzed data collected from 1,880 hospital pharmacists during the last 2 years (8 full quarters). The participants surveyed held job titles spanning the full range of positions within a hospital system, including 117 Directors of Pharmacy.
The above graph displays a quarterly breakout hospital pharmacist data by Job Title. Data collected by Pharmacist Compensation in 2023 and 2024.
Furthermore, hospitals of various sizes were represented in the data collection. The most common sized hospital represented was 500+ beds.
The above graph displays a quarterly breakout of surveyed pharmacists by hospital size. Data collected by Pharmacist Compensation in 2023 and 2024.
Contrary to popular belief, most of the hospital pharmacists did not complete a residency. This trend was consistent quarter over quarter. Among those who did complete a residency, the majority completed a PGY1.
The above graph displays a quarterly breakout of surveyed pharmacist residency completion status. Data collected by Pharmacist Compensation in 2023 and 2024.
The median compensation for the five most common positions remained relatively stable. The biggest variation was Pharmacy Managers and Directors of Pharmacy positions. The median compensation for Pharmacy Managers showed an increased trend in 2024.
The above graph displays a quarterly breakout of the median reported compensation by job title. Data collected by Pharmacist Compensation in 2023 and 2024.
In 2024, Pharmacist Compensation added the survey option(s) to designate a specialty focus within hospital pharmacy. Out of 923 pharmacists, most reported no specialty focus.
Quick side note - If you participated in the survey and selected Other as your specialty, please reach out to Pharmacist Compensation to have your specialty focus added to the survey.
The above table displays a breakout of hospital specialties by median compensation reported. Data collected from 923 hospital pharmacists by Pharmacist Compensation in 2024.
The U.S. Bureau of Labor Statistics expects employment of pharmacists to grow by 5% from 2023-2033. More specifically, the growth predicted to be “in hospital and clinics”. This is good news for those wanting to transition into hospital and others looking to climb the hospital career ladder.
Pharmacist Compensation provided the data displayed in the above charts. Join thousands of pharmacists and take the anonymous survey. All participants receive access to an interactive dashboard that can be filtered by Job Title, Company, Area of Pharmacy, and more.
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