Product Development Partner - Medicare

Intermountain Health

3d•$59 - $90•Hybrid

About The Position

The Product Development Partner leads the development and management of a portfolio of high-impact Medicare products within the government programs division at Select Health, overseeing aspects of product strategy, design, launch, and ongoing performance. This role is responsible for driving the success of Medicare offerings across multiple states and/or market geographies, with projected annual revenue exceeding $400 million. The Product Development Partner collaborates with cross-functional teams—including clinical, compliance, operations, and sales—to ensure products meet regulatory requirements, deliver exceptional member value, and achieve business objectives. Key responsibilities include identifying market opportunities, shaping product features, monitoring financial performance, and ensuring seamless integration with organizational goals. This role is hybrid and will require travel to areas where Intermountain conducts business. We will consider candidates who live in, or are willing to relocate to, Utah, Idaho, Nevada, or Colorado. Currently, we are not hiring remote workers in the following states: CA, CT, HI, IL, NY, RI, VT, and WA. Please note that a video interview through Microsoft Teams will be required as well as potential onsite interviews and meetings.

Requirements

Ten years of experience in health care, health insurance, managed care, employee health benefits management or self-insured plan administration experience with a record of progressive and varied responsibilities with at least five years of experience related to the assigned products (e.g., product development, product management, project management, service line management, network development, strategic planning, marketing, and/or business development.)
Demonstrated understanding of actuarial pricing models, underwriting practices, risk management/mitigation/avoidance strategies, adverse selection, the full continuum of provider payment arrangements, multi-channel insurance product distribution, and the impacts of these on product marketability and performance.
Experience driving organic growth through product and product initiatives, with an ability to recognize growth opportunities in the revenue streams.
Deep understanding of insurance product analytics, its levers and the consumer behaviors needed to develop a strong performing product.

Nice To Haves

Knowledge of Medicare Advantage products, which could come from work experience in disciplines such as marketing, operations, compliance, policy management.

Responsibilities

Develops and/or manages a portfolio of multiple products of high complexity for an assigned business segment/geography or a single business segment across multiple states/market geographies with projected annual revenue above $400 million (e.g., Medicaid, Medicare, commercial insured products, ancillary products and self-insured administration).
Ensures positive program outcomes by leading and supporting the implementation of clinical, operational, and financial improvement initiatives.
Takes a lateral view across the organization, understands the organizational and external market complexities, and identifies necessary initiatives and interdependencies that must be coordinated to reach program objectives.
Directs and guides project and product managers and department leads to ensure proper coordination and alignment of resources.
Attends budget meetings and understands financial impact of initiatives.
Ensures assigned product line(s) (or new product) is positioned to meet SelectHealth membership growth goals and NOI targets. This includes management of the entire product life cycle (market intelligence, conceptualization, product development, launch, growth, maturity and retirement).
Ensures products meet highest levels of market need, administrative efficiency, customer satisfaction, regulatory compliance, and financial performance.
Develops and monitors key performance indicators for product lines.
Develops new medical and ancillary products.
Develops, manages, and implements strategic product initiatives.
Ensures products address market needs and achieve the overall business objectives.
For new products, completes a feasibility analysis and business case; recommendation for the new product or opportunity; and a business plan, including a pro forma and financial projections; sales forecasts; an operational assessment; a marketing plan; and a high-level implementation plan.
Introduces new products to market.
Leads sales, marketing, broker relations and other internal departments in developing multi-channel product distribution strategies, ensures effective communication/promotional strategies, develops key messaging for products and key strategic market/regulatory issues, and produces product materials and sales collateral, etc.
Directs the launch of new products and services.
Evaluates new product opportunities, geographic/service area expansion, new market entry and potential strategic partnerships to meet growth objectives of SelectHealth.
Ensures insurance market and product education to internal teams as well as brokers/agents, physicians, practice managers, current and potential employer customers, health system partners/affiliates and other constituent groups.
Strategizes with existing or potential risk share partners to ensure mutually beneficial outcomes in strategic partnerships.
Maintains partnership relationships and serves as the primary point of contact for relationship as assigned.
Resolves significant concerns.
Monitors national carrier and local competitor products, positioning, strategies, networks, as well as local and national industry trends.
Identify emerging market trends.
Conducts market research (multiple markets/geographies) and analysis; customer research; and concept testing for potential new product opportunities or service area expansions.
Ensures customer research and market/competitive intelligence is utilized to ensure optimal product positioning.
Develops affiliations and partnerships as necessary for new product and/or service opportunities.
Reviews contracts, SLAs etc., to ensure appropriate execution of such by SelectHealth and contracted entities.