Product Innovation Director - PBM Drug Affordability

Job DescriptionAs a Product Innovation Director on the Member Cost Optimization & Pricing Innovation team, you will be a vital leader and contributor to advancing our portfolio of PBM Drug Affordability products to meet plan sponsor and member needs on lowering costs and improving health outcomes. You will be critical to the successful growth of the PBM business, and will drive new innovation that leverages our entire suite of CVS Health enterprise assets to their fullest potential. In this leadership role, you will lead the change across the enterprise to design, develop and commercialize PBM specific product solutions that differentiate our organization in the healthcare industry. As a Director, you will lead a team of 2-5 individuals to deliver on both new disruptive product strategies as well as to advance existing products with new innovative approaches to deliver enterprise value. You will work closely with senior executives and business partners at all levels of the organization to understand the business and marketplace needs, to guide teams to solve problems, and to rapidly deliver new solutions to the market. This role will require strong product development discipline, including deep expertise in financial and strategic analysis, solution ideation, design, testing, development, and measurement. A successful Lead Director within the team will have the ability to identify and define business problems and issues, and develop strategic, analytical, and financial frameworks to conduct analysis or measure success. You will also have proven capability conducting and managing quantitative analysis, with the highest level of attention to detail. You will be most successful possessing the ability and willingness to "learn on the fly" to understand and solve complex problems. You will have strong understanding of project management processes and tools to govern new product development according to rigorous timelines. Finally, you will have highly developed relationship-building and influencing skills to foster effective working relationships across the team and the organization.Required Qualifications10+ years of experience within the healthcare industry, specifically supporting strategy or product innovation/development, or similar consulting experience. Graduate level education may substitute for experience.- Direct people leadership experience, managing teams across multiple locations and functions.COVID RequirementsCOVID-19 Vaccination RequirementCVS Health requires certain colleagues to be fully vaccinated against COVID-19 (including any booster shots if required), where allowable under the law, unless they are approved for a reasonable accommodation based on disability, medical condition, religious belief, or other legally recognized reasons that prevents them from being vaccinated. You are required to have received at least one COVID-19 shot prior to your first day of employment and to provide proof of your vaccination status or apply for a reasonable accommodation within the first 10 days of your employment. Please note that in some states and roles, you may be required to provide proof of full vaccination or an approved reasonable accommodation before you can begin to actively work.Preferred QualificationsPBM industry experience strongly preferredAccount management or client-facing experience preferredProduct Development experienceManagement consulting experienceEducationBachelor's degree required or equivalent experience.Business OverviewBring your heart to CVS HealthEvery 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. We strive to promote and sustain a culture of diversity, inclusion and belonging every day. CVS Health is an affirmative action employer, and is an equal opportunity employer, as are the physician-owned businesses for which CVS Health provides management services. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.

Created: 2025-11-15