Staff VP CarelonRx Product Strategy

Elevance Health•San Francisco, CA

43d•Hybrid

About The Position

CarelonRx, proud member of the Elevance Health family of companies, CarelonRx leverages the power of new technologies and a strong, clinical-first lens, to deliver member-centered, lasting pharmacy care. Theâ¯Staff Vice President of Pharmacy Productâ¯is a senior executive responsible for shaping and executing the long-termâ¯vision and strategy for Elevance Health's pharmacy product portfolio business, with full ownership of our PBM product P&L.â¯ Reporting to the President of CarelonRx PBM, this role leads enterprise-wide efforts to define the future-state pharmacy product offering for all commercial and government lines of business (internal and external), advancing Elevance Health's mission to improve affordability, quality, and whole-health outcomes. The Staff VP provides strategic direction across product innovation, pricing and growth, lifecycle management, and competitive positioning to advance Elevance Health's leadership in the PBM market. This leader collaborates closely with CarelonRx executive leadership across benefit management, pharmacy operations, health plan product leadership, sales, and account management, as well as the centralized Carelon Product organization on strategy, execution, and go to market, lifecycle management, network management, and cross-segment business teams to develop a differentiated pharmacy offering that meets evolving client, member, and market needs.

Requirements

Requires a BA/BS degree and a minimum of 10 years of related experience; or any combination of education and experience, which would provide an equivalent background.

Nice To Haves

Minimum of 12 years of experienceâ¯in product strategy, PBM leadership, or healthcare innovation, includingâ¯significant executive-level responsibilityâ¯for strategy development and implementation strongly preferred.
Demonstrated success in developing and executing multi-year strategies that drive business growth, operational efficiency, and client satisfaction.
Strong executive presence, with the ability to influence and collaborate across enterprise and segment leadership.
Deep understanding of the PBM landscape, including network strategy, clinical integration, and market dynamics.
MBA or MHA preferred.

Responsibilities

Leads development and execution of theâ¯enterprise PBM product strategy, ensuring alignment with Elevance Health's strategic priorities and growth objectives.
Full ownership and responsibility of ourâ¯PBM Product P&L
Partners with the Carelon Product function to manage the PBM product lifecycle, including strategy, ideation, prioritization, rationalization, development, go-to-market, lifecycle management, and market performance evaluation.
Translatesâ¯market trends, regulatory changes, and client insightsâ¯into actionable strategies that drive business growth and client satisfaction.
Evaluates external vendors to support strategy
Creates multi-year roadmap for PBM product ensuring a balanced portfolio that advances affordability, access, and clinical value
Partners with the Carelon Product function to createâ¯multi-year PBM product roadmaps, ensuring a balanced portfolio that advances affordability, access, and clinical value.
Collaborates with enterprise marketing, segment, sales leaders, and product go-to-market teams to developâ¯go-to-market strategiesâ¯and product positioning that highlight Elevance Health's PBM value proposition.
Provides executive-level leadership onâ¯strategic design, pricing, and market differentiationâ¯to strengthen Elevance Health's competitive position.
Oversees the development of key performance indicators and reporting mechanisms to evaluate PBM product success, adoption, and profitability.
Builds, leads, and inspires a high-performing business and operating organization; provides mentorship, vision, and professional development to drive execution excellence.
Provides operational support and oversight for PBM offerings once in market, including managing key operational teams to mange products post-launch, tracking KPIs, and ensuring a consistent feedback loop for market and operational issues back into the strategy.