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About the role
- Director-level role leading strategic negotiations on high-value rebate contracts for CVS Caremark. Engaging with pharmaceutical manufacturers and cross-functional teams to optimize cost management.
Responsibilities
- Lead discussions and engage in strategic negotiations on high-value rebate contracts for CVS Caremark's Medicare business segment
- Manage the business relationship with pharmaceutical manufacturers and contracting for discounts on branded pharmaceutical products
- Engage with cross functional teams across the organization
- Partner on high profile negotiation strategies
- Work closely with Executive Director, Associate Vice President, and Vice President of Trade Relations in the negotiation strategies
- Lead discussions and negotiations for rebates for branded pharmaceuticals where CVS Caremark is the PBM
- Provide input and recommendations for formulary strategies and positioning
- Positively develop and foster strong relationships with direct manufacturers and industry partners
- Coordinate with other key leaders that have responsibility for pharmacy benefit strategies to create synergies and value
- Work with pharmaceutical manufacturers and provide relationship management on rebate issues
Requirements
- 10+ years of work experience
- 7+ years of experience in managed care which may include PBM, Pharma, market access, account management, specialty pharmacy, or health plan.
- Ability up to 10-20% travel as necessary, per business needs
- MBA, PharmD preferred
- 5+ years of experience negotiating contracts in the healthcare or PBM space
- Strong knowledge and understanding of pharmaceutical rebates, purchasing, and prescription benefit designs
- Familiarity with pharmaceutical pricing and reporting of pharmaceutical products
- Bachelor's degree required, will consider equivalent work experience
Benefits
- Affordable medical plan options
- 401(k) plan (including matching company contributions)
- Employee stock purchase plan
- No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching
- 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
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