Senior Manager, Formulary Strategy
CVS Health
full-time
Posted on:
Location Type: Remote
Location: Connecticut • Ohio • United States
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Salary
💰 $82,940 - $182,549 per year
Job Level
About the role
- Serve as the SME for drug and category specific formulary strategies, which includes pipeline monitoring, competitive positioning, and formulary design considerations.
- Monitor healthcare industry trends, including clinical advancements, regulatory developments, and market dynamics that may impact formulary or Trade strategies.
- Proactively identify and develop new Trade strategies to improve Trade and contracting position across trade categories.
- Evaluate financial information and market share data to support financial modeling, ensure operational alignment, and identify opportunities for improvement across multiple lines of business.
- Collaborate cross functionally with enterprise partners to review concepts and utilization management strategies for Trade implications, effectively representing Trade priorities and influencing decisions without direct authority.
- Develop and present executive level presentations that clearly articulates complex Trade concepts, financial insights, and Trade impact to senior leaders and a diverse stakeholder group.
- Create business cases and complete basic analyses to interpret data, uncover trends, and generate insight that support future strategies.
Requirements
- Minimum of 7 years of relevant work experience
- 5+ years of experience in healthcare strategy or corporate development, with experience in segments such as PBM or pharmaceutical segment
- 3+ years of experience building effective, well-polished presentations for both cross-functional teams and executive leadership
- Demonstrated understanding and experience in managed care which may include PBM, Pharma, market access, account management, specialty pharmacy, or health plan experience
- Strong organizational skills with the ability to manage multiple priorities, meet deadlines, and maintain attention to detail in a fast-paced environment.
- Self-starter with a high degree of initiative, able to work independently, anticipate needs, and drive work forward with minimal oversight.
- Skilled in interpreting both analytical and financial data to identify trends, generate insights, and support business cases and strategic decision making.
- Comfortable working with data, including the ability to analyze trends, interpret results, and translate findings into actionable insights.
- Ability to review and interpret financial data to support business cases, evaluate opportunities, and inform strategic recommendations.
- Willingness to engage in clinical conversations and contribute to clinically oriented projects, demonstrating resourcefulness and the ability to seek guidance from SMEs.
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.
- 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.
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
financial modelingdata analysisbusiness case developmentformulary designpipeline monitoringcompetitive positioningmarket share analysistrend identificationstrategic decision makingutilization management
Soft Skills
organizational skillspresentation skillscross-functional collaborationinitiativeattention to detailindependent workcommunicationinfluencing without authorityresourcefulnessability to manage multiple priorities