Mgr,Industry Analytics

CVS Health

4d • Hybrid

About The Position

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. Manager, Industry Analytics If you are passionate about making a difference in the work you do, being recognized for your talent and expertise in solving complex and challenging financial/analytical problems while contributing to the success of key strategic initiatives, consider growing your career with a Fortune 5 healthcare leader! Position Summary : As a member of the Client and Network Pricing Team you will be responsible for the collaborating on drug pricing initiatives aimed at driving efficient pricing to our members. You will be responsible for analyzing, managing and implementing pricing solutions for of Caremark PBM accounts. To accomplish this, you will work to optimize prices, develop financial forecasts, and track client and pharmacy guarantees by collaborating with various internal business partners. You will collaborate with a team of financial and analytics professionals to analyze and deploy advanced methods. Some of your key responsibilities will include: Analyzing and developing accurate and efficient pricing for Caremark accounts in a highly regulated Med D and commercial environment Developing a core understanding of drug pricing, network pharmacy performance, and PBM operations Developing and maintaining analytic work plans Applying creativity in developing analytic and financial solutions Building customized reports concentrating on financial and operational performance Prioritizing competing needs to ensure focus on highest impact activities Quickly developing knowledge and understanding of new domains and underlying data sources Your success will be determined by your ability to meet pricing guarantees and targets. You will be responsible for driving client satisfaction and managing internal and external expectations. You will need to bring a strong technical and analytical mindset to a dynamic environment focusing on solving financial problems. In this role, you will be responsible for tracking, analyzing, advising and delivering drug pricing results for client and pharmacy agreements. A key focus will be creating pricing strategies to meet our contractual commitments while minimizing risk. As a member of a highly focused, collaborative team, you will be responsible for strategic decisions and managing the process of competitive initiatives instituted to keep current to certain marketplace dynamics and to optimize profitability at a client level.

Requirements

• 5+ years experience within the PBM, Healthcare, Finance, Analytics, Mac Management, Drug Pricing and/or relevant experience
• Strong mathematical skills to collect, measure, organize and analyze data
• Excellent analytical, financial & data modeling skills
• Experience analyzing to assess quality and meaning of data
• Preparing reports stating trends, patterns, and predictions using relevant data
• Comfortable working with datasets of all sizes
• Proven working experience in data analysis
• Expert at modeling, forecasting techniques, and optimization methodologies
• Advanced proficiency in data-based programming language and pulling data (SQL, Access, SAS, R, Python etc.)
• Proficiency in Microsoft Office
• Understanding of healthcare and PBM
• Comfortable with client and pharmacy contracting
• Outstanding financial acumen and ability to understand highly complex financial guarantee structures
• Excellent problem-solving skills and ability to construct analytic solutions to business problems
• Bachelor's degree or equivalent professional experience required

Responsibilities

• Analyzing and developing accurate and efficient pricing for Caremark accounts in a highly regulated Med D and commercial environment
• Developing a core understanding of drug pricing, network pharmacy performance, and PBM operations
• Developing and maintaining analytic work plans
• Applying creativity in developing analytic and financial solutions
• Building customized reports concentrating on financial and operational performance
• Prioritizing competing needs to ensure focus on highest impact activities
• Quickly developing knowledge and understanding of new domains and underlying data sources

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Number of Employees: 5,001-10,000 employees