Experienced Manager - Product Innovation – Driving Strategic Growth and Innovation in the PBM Industry

About Us

CVS Health is a leader in the healthcare industry, dedicated to delivering enhanced human-centric healthcare for a rapidly changing world. Our purpose is to bring our heart to every moment of your health, and we strive to make healthcare more personal, convenient, and affordable. At CVS Health, we believe that our employees are the key to achieving our purpose, and we are committed to creating a culture that supports and empowers them to make a meaningful impact.

Job Summary

We are seeking an experienced Manager - Product Innovation to join our team. As a key member of our Product Innovation team, you will play a vital role in advancing our portfolio of PBM network products to meet plan sponsor and member needs on lowering costs and improving member experience. You will be responsible for managing multiple core Drug Discount Program products, driving new innovation, and leveraging our entire suite of CVS Health enterprise assets to their fullest potential.

Key Responsibilities

• Support the advancement of existing products with new and innovative approaches to deliver enterprise value, as well as investigate and deliver on new and disruptive product strategies.
• Assist in the development and execution of strategic and tactical product plans, market analyses, identification of new product opportunities, and coordination of market and product research.
• Present outcomes, findings, project plans, and recommendations to leadership to guide strategic decisions in alignment with business goals.
• Work autonomously on multiple projects according to priorities given by Director.
• Manage direct Drug Discount Program client relationships, including leading negotiations and contracting efforts, and support Sales & Account teams in managing PBM client relationships.

Required Qualifications

To be successful in this role, you will need to possess the following qualifications:

• 5+ years of experience within the healthcare industry.
• 5+ years of experience supporting product innovation or a similar industry/focus with analytical, strategic, and advisory experience.
• Willingness and ability to learn quickly and "dive in" as needed.
• Validated capability conducting and managing quantitative and qualitative analysis, with fine attention to detail.
• Strong relationship-building and influencing skills to champion effective and efficient cooperation across the team and the organization.
• Highly developed communication and presentation skills to present issues, recommendations, and implementation plans to senior management.
• Excellent problem-solving and analytical skills.

Preferred Qualifications

The following qualifications are preferred but not required:

• PBM industry experience.
• Familiarity with managing regulatory and compliance requirements.
• Certifications or strong understanding of project management processes and tools.

Education

A Bachelor's degree is preferred, but specialized training or relevant professional qualifications are also acceptable.

Compensation and Benefits

The typical pay range for this role is $60,300.00 - $145,860.00, and 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.

In addition to your compensation, you will enjoy the rewards of an organization that puts its heart into caring for its colleagues and 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.

Career Growth Opportunities and Learning Benefits

At CVS Health, we are committed to helping our employees grow and develop their careers. We offer a range of learning and development opportunities, including training programs, mentorship, and education assistance. Our employees have the opportunity to work on challenging projects, collaborate with cross-functional teams, and develop new skills and expertise.

Work Environment and Company Culture

Our work environment is fast-paced and dynamic, with a focus on innovation and collaboration. We value diversity, equity, and inclusion, and strive to create a culture that is welcoming and inclusive for all employees. Our employees are self-disciplined, hardworking, curious, trustworthy, humble, and truthful, and they make choices according to what is best for the team.

Why Join Our Team?

At CVS Health, we are passionate about making a difference in the lives of our customers and communities. We are committed to delivering enhanced human-centric healthcare for a rapidly changing world, and we believe that our employees are the key to achieving this goal. If you are passionate about innovation, collaboration, and making a difference, we encourage you to apply for this exciting opportunity.

How to Apply

To apply for this role, please visit our website and submit your application. We look forward to hearing from you and learning more about your qualifications and experience.