Bring your heart to CVS Health. Every one of us at CVS Health shares a single, clear purpose: Bringing our heart to every moment of your health. This purpose guides our commitment to deliver enhanced human-centric health care for a rapidly changing world. Anchored in our brand - with heart at its center - our purpose sends a personal message that how we deliver our services is just as important as what we deliver.
Our Heart At Work Behaviors™ support this purpose. We want everyone who works at CVS Health to feel empowered by the role they play in transforming our culture and accelerating our ability to innovate and deliver solutions to make health care more personal, convenient and affordable. Position Summary
Health is everything. At CVS Health, our colleagues are committed to increasing access, lowering costs and improving quality of care. In this Director level role you will have the opportunity to have a significant impact in lowering costs for branded pharmaceutical utilization for CVS Caremark; a proud member of the CVS Health family of companies.
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In this non-supervisory Director level position, you will assume a highly visible role and responsibility to lead discussions and engage in strategic negotiations on high-value rebate contracts for the Medicare segment. This includes management of the business relationship with pharmaceutical manufacturers and contracting for discounts on branded pharmaceutical products. You will engage with cross functional teams across the organization, and you will partner on high profile negotiation strategies.
We are searching for a confident, creative professional with a background in complex contract negotiations that has led and cultivated multiple business relationships. Your strategic vision, critical thinking, and creativity will aid in your success. A professional presence, excellent presentation and communication skills are essential in the engagement and interaction process with manufacturers and internal colleagues.
ADDITIONAL RESPONSIBILITIES INCLUDE:
• You will work closely with the Executive Director and Vice President of Trade Relations in the negotiation strategies with market access functions of branded pharmaceutical manufacturers.
• You will lead discussions and negotiations for rebates for branded pharmaceuticals where CVS Caremark is the PBM, providing input and recommendations for formulary strategies and positioning, and negotiating contracts that support those strategies.
• You will positively develop and foster strong relationships with direct manufacturers and industry partners.
• You will coordinate with other key leaders that have responsibility for pharmacy benefit strategies to create synergies and value.
• You will have an opportunity to directly work with pharmaceutical manufacturers and provide relationship management on rebate issues for your assigned segments.
• You will be accountable for rebate contracting with assigned manufacturers.
Ideally, this is a hybrid position and will be located out of our corporate offices in either Downers Grove, IL or Bloomington, MN, with a couple of days per week working remotely. Remote/work from home would be considered based on experience. Required Qualifications
• 10+ years of overall related work experience
• 8+ years experience in managed care which may include PBM, Pharma, market access, account management, specialty pharmacy, or health plan.
• 10-15% travel required as necessary.
Preferred Qualifications
• 8+ Years of experience negotiating contracts in the Healthcare or PBM industry
• Strong knowledge and understanding of pharmaceutical rebates, purchasing, and prescription benefit designs
• Familiarity with pharmaceutical pricing and reporting of pharmaceutical products
Education
• Bachelor's degree required, will consider equivalent work experiencePay Range
The typical pay range for this role is:$100,000.00 - $231,540.00
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.
In addition to your compensation, enjoy the rewards of an organization that puts our heart into caring for our colleagues and our communities. The Company offers a full range of medical, dental, and vision benefits. Eligible employees may enroll in the Company's 401(k) retirement savings plan, and an Employee Stock Purchase Plan is also available for eligible employees. The Company provides a fully-paid term life insurance plan to eligible employees, and short-term and long term disability benefits. CVS Health also offers numerous well-being programs, education assistance, free development courses, a CVS store discount, and discount programs with participating partners. As for time off, Company employees enjoy Paid Time Off ("PTO") or vacation pay, as well as paid holidays throughout the calendar year. Number of paid holidays, sick time and other time off are provided consistent with relevant state law and Company policies.
For more detailed information on available benefits, please visit Benefits | CVS HealthWe anticipate the application window for this opening will close on: 02/20/2025Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.