Lead Director Architecture Technology Innovation Strategy CVS Health PBM
Lead Director Architecture Technology Innovation Strategy CVS Health PBM
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$ 144200 - 288400
1 Vacancy
Job Description
At CVS Health were building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.
As the nations leading health solutions company we reach millions of Americans through our local presence digital channels and more than 300000 purposedriven colleagues caring for people where when and how they choose in a way that is uniquely more connected more convenient and more compassionate. And we do it all with heart each and every day.
Position Summary
CVS Health is seeking a dynamic and experienced Lead Director of Architecture Innovation & Strategy for the PBM (Pharmacy Benefit Management) line of business. In this highimpact role you will build and lead a technology incubation function identifying developing and launching innovative solutions that address critical business challenges improve patient outcomes and drive significant value for CVS Health. You will be at the forefront of emerging technologies working closely with business leaders technology teams and external partners to shape the future of pharmacy benefits.
Key Responsibilities
Strategic Vision & Leadership:Develop and execute a comprehensive innovation strategy aligned with the PBMs business objectives and CVS Healths overall strategic goals. Identify and prioritize key areas for innovation focusing on highimpact opportunities.
Incubation Program Leadership:Lead the endtoend incubation process from idea generation and validation to prototype development and market launch. Establish clear processes metrics and governance to ensure the programs effectiveness.
Technology Exploration & Evaluation:Stay abreast of emerging technologies (AI machine learning data analytics automation etc. and assess their potential application to the PBM business. Conduct technology feasibility studies and develop proofofconcepts by partnering with technology teams.
CrossFunctional Collaboration:Partner closely with business unit leaders technology teams (architecture data science engineering) product management and other stakeholders to drive innovation initiatives forward.
External Partnerships:Cultivate relationships with external partners (startups technology vendors research institutions) to identify and leverage external innovation opportunities.
Culture of Innovation:Foster a culture of experimentation collaboration and continuous improvement within the PBM organization. Encourage employees to generate new ideas and challenge the status quo.
Performance Measurement:Define and track key performance indicators (KPIs) to measure the success of innovation initiatives and demonstrate their impact on the business. Regularly report on progress to senior leadership.
Required Qualifications:
10 years of experience in innovation strategy product development or technology leadership roles preferably within the healthcare or PBM industry.
Proven track record of successfully leading and launching innovative products or services.
Deep understanding of emerging technologies and their potential application to the healthcare industry.
Strong strategic thinking problemsolving and analytical skills.
Excellent communication presentation and interpersonal skills. Ability to influence and persuade stakeholders at all levels of the organization.
Experience building and leading highperforming teams.
Entrepreneurial mindset with a passion for innovation and a willingness to challenge the status quo.
Experience with lean startup methodologies and agile development practices.
Preferred Qualifications:
Experience working with AI/ML data analytics or automation technologies.
Experience in the pharmacy benefits management (PBM) industry.
Established network of contacts within the technology and healthcare innovation ecosystem.
Education:
Bachelors degree required
Masters degree preferred (MBA MS in a related field)
Pay Range
The typical pay range for this role is:
$144200.00 $288400.00
This pay range represents the base hourly rate or base annual fulltime 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 shortterm incentive program in addition to the base pay range listed above. This position also includes an award target in the companys equity award program.
Our people fuel our future. Our teams reflect the customers patients members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.
Great benefits for great people
We take pride in our comprehensive and competitive mix of pay and benefits investing in the physical emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages our great benefits include:
Affordable medical plan options a 401(k) plan (including matching company contributions) and an employee stock purchase plan.
Nocost 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.
For more information visit anticipate the application window for this opening will close on: 04/28/2025 Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal state and local laws.
Required Experience:
Director
Employment Type
Full-Time
