At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues - caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.Position Summary
As a member of the Client and Network Pricing team you will be responsible for the coordination of drug pricing initiatives aimed at driving efficient pricing to our members. You will help grow the financial performance of our business by analyzing performance, optimizing prices, developing forecasts, and tracking to guarantees by collaborating with various internal business partners.
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In this role you will consult with client account teams, underwriting, finance and accounting to coordinate impact between overall pricing guarantees, drug pricing, contractual terms, and relevant regulations, while collaborating with our analytics partners to create robust projection methodologies and management strategies to improve performance while minimizing risk. Some of your key responsibilities will include:
- Managing pricing and guarantees for assigned clients, including regular monitoring of performance to identify opportunities to mitigate financial risks
- Collaborating with cross functional teams to identify opportunities in processes to improve client performance
- Providing recommendations on more favorable contract terms based on performance observations to internal partners
- Collaborating with data science and data engineering teams to develop analytic models, methodologies, and reporting solutions that support pricing initiatives
- Presenting client performance and pricing solutions to internal and external partners
- 5 years of experience in Data Analytics, PBM, Financials, account management or similar roles.
- 1+ years experience utilizing data-based programming language and pulling data (SAS, SQL, R, Python, GCP BigQuery, etc.)
- Understanding of healthcare and PBM
- Excellent communication skills and ability to work with high levels of internal and external teams
- Excellent problem-solving skills and ability to construct analytic solutions to business problems
- Ability to prioritize competing needs to ensure focus on highest impact activities
- Ability to work in matrixed environment
- Outstanding financial acumen and ability to understand highly complex financial guarantee structures
- Advanced knowledge of in-depth modeling, forecasting techniques, and optimization methodologies
- Proficiency in Microsoft Office
- Experience working on Tableau or other BI tools
- Bachelor's degree required
- Equivalent Combination of education and experience may be considered
- Advanced degree in Financial or Quantitative fields preferred
40Time Type
Full timePay Range
The typical pay range for this role is:$60,300.00 - $145,860.00This 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.Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.Great benefits for great peopleWe take pride in our comprehensive and competitive mix of pay and benefits - investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include:
- Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
- Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.