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Do you want to make a large impact in your next role? Join CVS Health, a Fortune 4 company, as a Senior Manager in the Trade Strategy and Operations organization! The Senior Manager of HealthCare Business Strategy and Analytics role is a highly visible opportunity on the Rebate P&L Strategy team, responsible for driving strategies to advance rebate performance and profitability for both clients and the PBM organization.
As the prescription drug landscape changes with new high-cost therapies, increasing pressure to reduce pharmaceutical costs and the evolving policy landscape, the right person for this role is a highly motivated, forward-thinker who can identify opportunities and leverage matrix partners to develop innovative strategies effectively and efficiently. You will use your abilities to deliver actionable insights to Rebate P&L Strategy Leadership and the broader Trade organization.
Your responsibilities will include analyzing, researching, and recommending formulary strategies that provide prospects and clients with strategic insights and enhanced value for their prescription drug trend as part of the RFP (Request for Proposal) process. You will work across multiple market segments (i.e. Commercial, Managed Medicaid, Medicare, Exchange), developing potential formulary management strategies with a deep understanding of the rebate contracts that support them. This is an outstanding opportunity with exposure to high profile clients and senior executives.
Additional Responsibilities will be to:
- Inform underwriting strategy by evaluating rebate models and identifying opportunities to enhance rebate offers.
- Partner with the Formulary Strategy team on CVS strategic formulary initiatives, working in a matrixed environment on multiple projects.
- Understand manufacturer rebate contracts and the opportunities created for clients based on their own unique characteristics and formulary strategy.
- Model and evaluate scenarios for all therapeutic areas, including at the prospect/client level and at the PBM level.
- Engage with Underwriting, Sales, and Trade Relations regarding Trade topics arising as part of the prospect/client RFP process.
- Create and articulate formulary strategies which meet CVS financial management goals, with an understanding of impact of current market events.
To be successful, you should possess:
- Experience developing analyses and presentations to explain business issues and/or recommend strategies
- Strong problem solving, analytical, oral and written communication skills.
- Ability to effectively engage with internal teams of varying backgrounds, demonstrating deep analytical understanding in a consumable way.
**Will consider 100% remote from anywhere in the US. Residence within a commutable distance to one of the following offices is preferred:
- RI - Woonsocket
- IL - Chicago
- MN - Bloomington
Join the company helping people on their path to better health! Our organization offers a competitive benefit package including vacation and holiday paid time off, health/dental/vision insurance, work/life balance, employee discounted stock purchase program, 401K, tuition reimbursement, and employee discounts at all CVS stores.
Location - State/City
CT - Work from home, IL - Northbrook, IL - Work from home, KS - Work from home, MA - Work from home, MN - Bloomington, MN - Work from home, MO - Work from home, NJ - Work from home, OH - Work from home, PA - Pittsburgh, PA - Work from home, RI - Work from home
Preferred Qualifications
- Experience in managed care which may include PBM, health plans, pharmaceutical market access, with a focus on financial strategy
- 5+ years experience with pharmacy benefit management, employer or health plan contracts, prescription drug rebates, prescription drug spend, and/or formulary strategies
- Exposure and/or knowledge of the evolving pharmaceutical regulatory environment
Education
- Bachelor's degree in finance, pharmacy, healthcare, business, or related field required; or equivalent experience
- Master's Degree preferred and/or actuarial designation preferred
Required Qualifications
- 8+ years of experience in healthcare, financial modeling/analysis or actuarial role.
- Graduate level education may substitute for experience.
- Experience with modeling, pricing and/or contracting for pharmaceuticals covered under the medical benefit.
- Experience manipulating and analyzing data from large databases using SAS, SQL or other appropriate software.
- Advanced capabilities using Microsoft PowerPoint, Excel, and Word.
Business Overview
Bring your heart to CVS Health Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.
Job Posting Pay Equity Language Part 1
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.
Job Posting Pay Equity Language Part 2
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (PTO) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.
For more detailed information on available benefits, please visit
jobs.CVSHealth.com/benefits
Do you want to make a large impact in your next role? Join CVS Health, a Fortune 4 company, as a Senior Manager in the Trade Strategy and Operations organization! The Senior Manager of HealthCare Business Strategy and Analytics role is a highly visible opportunity on the Rebate P&L Strategy team, responsible for driving strategies to advance rebate performance and profitability for both clients and the PBM organization.
As the prescription drug landscape changes with new high-cost therapies, increasing pressure to reduce pharmaceutical costs and the evolving policy landscape, the right person for this role is a highly motivated, forward-thinker who can identify opportunities and leverage matrix partners to develop innovative strategies effectively and efficiently. You will use your abilities to deliver actionable insights to Rebate P&L Strategy Leadership and the broader Trade organization.
Your responsibilities will include analyzing, researching, and recommending formulary strategies that provide prospects and clients with strategic insights and enhanced value for their prescription drug trend as part of the RFP (Request for Proposal) process. You will work across multiple market segments (i.e. Commercial, Managed Medicaid, Medicare, Exchange), developing potential formulary management strategies with a deep understanding of the rebate contracts that support them. This is an outstanding opportunity with exposure to high profile clients and senior executives.
Additional Responsibilities will be to:
- Inform underwriting strategy by evaluating rebate models and identifying opportunities to enhance rebate offers.
- Partner with the Formulary Strategy team on CVS strategic formulary initiatives, working in a matrixed environment on multiple projects.
- Understand manufacturer rebate contracts and the opportunities created for clients based on their own unique characteristics and formulary strategy.
- Model and evaluate scenarios for all therapeutic areas, including at the prospect/client level and at the PBM level.
- Engage with Underwriting, Sales, and Trade Relations regarding Trade topics arising as part of the prospect/client RFP process.
- Create and articulate formulary strategies which meet CVS financial management goals, with an understanding of impact of current market events.
To be successful, you should possess:
- Experience developing analyses and presentations to explain business issues and/or recommend strategies
- Strong problem solving, analytical, oral and written communication skills.
- Ability to effectively engage with internal teams of varying backgrounds, demonstrating deep analytical understanding in a consumable way.
**Will consider 100% remote from anywhere in the US. Residence within a commutable distance to one of the following offices is preferred:
- RI - Woonsocket
- IL - Chicago
- MN - Bloomington
Join the company helping people on their path to better health! Our organization offers a competitive benefit package including vacation and holiday paid time off, health/dental/vision insurance, work/life balance, employee discounted stock purchase program, 401K, tuition reimbursement, and employee discounts at all CVS stores.
Location - State/City
CT - Work from home, IL - Northbrook, IL - Work from home, KS - Work from home, MA - Work from home, MN - Bloomington, MN - Work from home, MO - Work from home, NJ - Work from home, OH - Work from home, PA - Pittsburgh, PA - Work from home, RI - Work from home
Preferred Qualifications
- Experience in managed care which may include PBM, health plans, pharmaceutical market access, with a focus on financial strategy
- 5+ years experience with pharmacy benefit management, employer or health plan contracts, prescription drug rebates, prescription drug spend, and/or formulary strategies
- Exposure and/or knowledge of the evolving pharmaceutical regulatory environment
Education
- Bachelor's degree in finance, pharmacy, healthcare, business, or related field required; or equivalent experience
- Master's Degree preferred and/or actuarial designation preferred
Required Qualifications
- 8+ years of experience in healthcare, financial modeling/analysis or actuarial role.
- Graduate level education may substitute for experience.
- Experience with modeling, pricing and/or contracting for pharmaceuticals covered under the medical benefit.
- Experience manipulating and analyzing data from large databases using SAS, SQL or other appropriate software.
- Advanced capabilities using Microsoft PowerPoint, Excel, and Word.
Business Overview
Bring your heart to CVS Health Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver. Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law. We proudly support and encourage people with military experience (active, veterans, reservists and National Guard) as well as military spouses to apply for CVS Health job opportunities.
Job Posting Pay Equity Language Part 1
This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors.
Job Posting Pay Equity Language Part 2
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off (PTO) or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.
For more detailed information on available benefits, please visit
jobs.CVSHealth.com/benefits
