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 SummaryCVS Health is seeking a dynamic and experienced Senior Manager, Strategic Initiatives to support the Healthspire Payor & Life Sciences Solutions and PBM Product lines of business. Under the leadership of the Lead Director, Strategic Initiatives, you will lead cross-functional strategy activities, identify and evaluate growth opportunities on a recurring basis, and drive early-stage business development efforts that will ultimately address critical business challenges and growth opportunities, driving significant value for CVS Health.You will work closely with business leaders, finance partners and cross-functional stakeholders to help drive the business forward through the identification and execution of key initiatives that advance our portfolio objectives. This is a high-impact, high-visibility role ideal for a strong strategist who loves healthcare innovation and knows how to get things done.Key Responsibilities
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- Lead strategic assessments, opportunity sizing, and business case development for new initiatives across the business that have the potential to drive a sizeable impact in both the near and distant future.
- Support long-term strategic planning and roadmap development for emerging products and solutions.
- Conduct market research, competitive analysis, and customer discovery to validate new opportunities across all in-scope business areas.
- Develop and maintain key strategic artifacts (strategic planning toolkit, dashboards, environment scans, KPIs, executive readouts).
- Own project management of early-stage builds, pilots, or validation efforts in partnership with product and operational teams.
- Operate as a thought partner to the Director of Strategic Initiatives and other senior leaders.
- Healthcare industry basics including how health plans work, how PBMs work, where value is generated across the value chain, key levers that drive decision making by healthcare leadership.
- Understanding of the current state of healthcare while identifying emerging trends and prioritizing opportunities to leapfrog competition.
- Ability to formulate ideas and innovate without prompting and knowing when to bring in leadership for guidance and approvals.
- 5 or more years of experience in strategy consulting, healthcare innovation, corporate strategy, or strategic program management.
- Extensive experience developing business cases, financial models, and strategic recommendations.
- Exposure to strategic finance, including how to evaluate companies' financial health and how to size potential opportunities.
- Experience leading cross-functional initiatives and driving results in complex corporate environments.
- Experience influencing a wide array of stakeholders, including those who are much more senior, to collect information, drive consensus, and develop recommendations.
- Prior consulting experience.
- Experience in the pharmacy benefits management (PBM) industry.
- Experience leading Go-To-Market activities within pharmacy benefits management (PBM) or healthcare space.
- Bachelor's degree required.
- Master's degree preferred (MBA, MS in a related field).
The typical pay range for this role is:$75,400.00 - $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.