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
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.
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- Assist in development of next-generation CostVantage pro forma model to align to financials from Finance and give all the needed outputs to support Payer Relations team
- Develop new benchmarking techniques and dashboards
- Partner cross-functionally with Finance and data warehouse teams to enhance processes for integrating drug pricing data
- Oversee and support modeling new pricing models across all lines of business
- Liaison with Payer Relations Team to incorporate emerging business needs into process and modeling
- 5+ years work experience in health care, finance, business analytics or related quantitative problem solving
- Strong analytical skillset and approach to problem solving
- Experience turning data into actionable insights
- 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 identify potential risks and subsequent mitigation strategies when developing recommendations
- Ability to develop a deep understanding of the industry
5-8 years in health care finance/analyticsEducation
Bachelors degree requiredPay Range
The typical pay range for this role is:$82,940.00 - $182,549.00
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.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.