Franchise Lead, Health Economics & Reimbursement (HE&R)(on-site)
Abbott Laboratories · Plymouth · $129,300–$258,700 (stated in the posting)
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 122,000 colleagues serve people in more than 160 countries.
Working at Abbott
At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:
- Career development with an international company where you can grow the career you dream of.
- Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
- An excellent retirement savings plan with high employer contribution
- Tuition reimbursement, the Freedom 2 Save student debt program and FreeU education benefit - an affordable and convenient path to getting a bachelor’s degree.
- A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
- A company that is recognized as one of the best big companies to work for as well as a best place to work for diversity, working mothers, female executives, and scientists.
For years, Abbott’s medical device businesses have offered technologies that are faster, more effective, and less invasive. Whether it’s glucose monitoring system, innovative therapies for treating heart disease, or products that help people with chronic pain or movement disorders, our medical device technologies are designed to help people live their lives better and healthier. Every day, our technologies help more than 10,000 people have healthier hearts, improve quality of life for thousands of people living with chronic pain and movement disorders, and liberate more than 500,000 people with diabetes from routine fingersticks.
The Opportunity
We are recruiting a Franchise Lead, Health Economics & Reimbursement professional to join our team on-site in Santa Clara, CA or Plymouth, MN. The Associate Director will be responsible for the proposals, development, and execution of value-focused economic and reimbursement strategies. This position will be a strategic business partner to the Abbott Structural Heart business, developing global health economic and reimbursement programs. The Associate Director is responsible for formulating and driving aligned health economics strategies and tactical plans throughout the Structural Heart business. This position will play a lead role in the development and communication/presentation of the value story and economic evidence for various technologies and will coordinate extensively both internally (with Marketing, Clinical Affairs, Regulatory, Medical Affairs, Sales and other functions) and externally (research partners) to develop and communicate these materials to internal and external stakeholders.
What You’ll Work On
- Develop aspirational value story for new products in partnership with the Abbott Structural Heart business, including evidence gap analyses and presenting opportunities to generate meaningful evidence
- Inform and shape opinion regarding the value of company products within the health community.
- Manage deliverables such as reimbursement dossiers, tools/resources, reimbursement landscape analyses, consultant driven research projects.
- Proactively monitor external environment, customers and competitors to identify opportunities for protecting and improving value capture.
- Participates in regular, internal platform meetings to influence and provide recommendations.
- Develop and implement health economics and reimbursement strategies to support cross-functional teams.
- Communicate Abbott value messaging, reimbursement and coverage strategies, and holds a strong understanding of physicians, business/practice managers, payers, and their decision-making systems.
- Present to a diverse audience, including C-suite executives, physicians, and service line administrators regarding health economic and reimbursement issues.
- Develop health care economic and reimbursement education programs for internal (sales and sales management) and external (hospitals, physicians, payers, etc.) stakeholders.
- Keep commercial organization and other internal functions (e.g., Clinical, Regulatory Affairs, R&D, Commercial, Medical Affairs) informed about the potential impact of key health policy and macroeconomic changes; including, but not limited to, digital health initiatives, comparative effectiveness, and health technology assessment.
- Provide information on economic buyer and commercial payer issues related to reimbursement, coverage, prior authorization, benefit management companies, and medical policy analysis for the Abbott Structural Heart product portfolios.
- Monitor changes in the external environment (regulatory/reimbursement changes, managed care arrangements) and advise senior management on threats and opportunities with suggested action plans.
- Comply with U.S. Food and Drug Administration (FDA) regulations, other regulatory requirements, Company policies, operating procedures, processes, and task assignments. Maintains positive and cooperative communications and collaboration with all levels of employees, customers, contractors, and vendors.
Required Qualifications
- Bachelor’s degree in a related field.
- Minimum 10 years’ experience or 8 years with an advanced degree.
Preferred Qualifications
- Master’s degree in a related field or an equivalent combination of education and work experience.
- Progressively advancing experience (8+ years) in the following categories: Service line administration, or C-suite experience in hospital, physician practice and/or payer setting; health economics and outcomes research; or prior industry reimbursement and health care economics experience.
- Thorough understanding of U.S. public and commercial payer models, reimbursement concepts (e.g., coverage, coding, and payment).
- Experience in health policy, health economics, medical device reimbursement, technology assessment, or health care research.
- Understanding of medical / clinical research methods and publication interpretation and ability to use evidence to support value proposition.
- Comfort with working independently and anticipating needs / projects before they formally arise.
- Relevant experience in medical devices reimbursement, with specific experience in structural heart or cardiovascular diseases
- Understanding of reimbursement and payment models for major OUS countries, especially Europe, Japan, China, and India.
- Strategic thinker with experience implementing programs outside of direct reporting relationships.
- Experience in collaboration working across a matrix organization with various stakeholders.
- Communication, and ability to distill complex information into concise, impactful communications to both internal and external customers/stakeholders.
- Action oriented, comfort with ambiguity, business acumen, and organizational and strategic agility.
- Problem solving of highly complex issues, which requires critical assessment of potential impact on multiple interested parties.
Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives: www.abbottbenefits.com
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews.
The base pay for this position is $129,300.00 – $258,700.00. In specific locations, the pay range may vary from the range posted.