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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.
Position Summary
The Senior Manager of Pharmacy Reimbursement Strategy and Analytics is a key role in the Payer Relations FP&A organization. With the constantly evolving Pharmacy Reimbursement landscape, and the launch of the CVS CostVantage model, there is a vital need for comprehensive and real-time analytics. The Senior Manager will partner closely with the Director of Pharmacy Strategy and Analytics to provide these key insights and develop pricing recommendations for senior leadership.
The Senior Manager can expect to develop and utilize strong analytical skills to quantify the value of contract opportunities, benchmark performance, and collaborate with the Payer Relations team to inform negotiations. The Senior Manager will also be responsible for leading regular reporting on business performance and developing process improvements to move toward more accurate modeling and efficient sharing of insights.
This role will develop strong relationships across the retail organization to provide subject matter expertise and ad hoc analytics to cross-functional business partners including broader finance organization, product development, operations, supply chain, and real estate.
Key responsibilities include:
Contract analytics & modeling:
• Develop complex deal models and underwriting in collaboration with Payer Relations team to support Pharmacy Reimbursement contracting negotiations for >100 payers and Pharmacy Benefits Managers; including, assisting in implementation of the next-generation CostVantage pro forma model. Apply strong analytical skills and business acumen to benchmark deal projections and analyze performance over time. Communicate recommendations, summaries, and nuances of analysis to senior leadership.
Develop subject matter expertise & conduct ad hoc analytics:
• Support broader finance, product development, operations, and supply chain organizations with payer finance knowledge and ad hoc analytical insight and recommendations. Assess the financial impact of proposals from across the Retail organization.
Required Qualifications
• 7-10 years work experience in health care, finance, business analytics or related quantitative problem solving
• 2-3 years’ experience in data querying
• Strong analytical skillset and approach to problem solving
• Experience identifying potential risks and subsequent mitigation strategies when developing recommendations
• Strong communication skills and ability to drive recommendations to leadership through impactful, insightful analytical-based presentations
• Ability to become trusted advisor to cross-functional business partners
• Ability to focus on long-term, strategic goals while executing against short-term objectives
• Ability to be onsite in Woonsocket, RI for major needs/hybrid 3 days a week
Preferred Qualifications
• Strong financial analysis background
• 5-8 years in healthcare
• 1- 2 years SQL experience
• Experience leading discussions with leadership
• 3-5 years of financial modelling experience
Education
Bachelor’s Degree or equivalent experience
Pay Range
The typical pay range for this role is:
$82,940.00 – $182,549.40
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. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company’s equity award program.
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 Benefits | CVS Health
We anticipate the application window for this opening will close on: 10/14/2024
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
