Welcome to CVS Health, a company dedicated to improving the health and well-being of our communities through innovative healthcare solutions. We are currently seeking a highly experienced and driven Executive Director of Managed Care to join our team and lead our managed care division. In this role, you will have the opportunity to shape and execute strategic initiatives that drive our success in the managed care market. If you are a dynamic leader with a strong background in managed care and a passion for driving results, we invite you to apply for this exciting opportunity.
- Develop and implement strategic plans for the managed care division in alignment with the overall goals and objectives of CVS Health.
- Provide strong leadership and direction to the managed care team, ensuring high levels of motivation, engagement, and performance.
- Collaborate with cross-functional teams to identify and capitalize on opportunities for growth and expansion in the managed care market.
- Build and maintain relationships with key stakeholders, including payers, providers, and internal business units.
- Conduct market analysis and stay updated on industry trends to inform decision-making and identify areas for improvement.
- Develop and manage budgets for the managed care division, ensuring cost-effective and efficient operations.
- Oversee the development and negotiation of contracts with payers and providers, ensuring favorable terms and conditions for CVS Health.
- Monitor and analyze key performance indicators to track the success of the managed care division and make adjustments as needed.
- Act as a liaison between the managed care division and other departments within CVS Health, ensuring effective communication and collaboration.
- Stay updated on relevant regulations and compliance requirements related to managed care and ensure adherence to them.
- Foster a culture of continuous improvement and innovation within the managed care division.
- Represent CVS Health at industry events and conferences to network and promote the company's managed care capabilities.
- Provide regular reports and updates to senior management on the performance and progress of the managed care division.
- Mentor and develop team members, providing guidance and support to help them reach their full potential.
Strong Knowledge And Experience In Managed Care Industry: The Ideal Candidate Should Possess A Deep Understanding Of The Managed Care Landscape, Including Knowledge Of Key Players, Trends, And Regulations. They Should Also Have A Proven Track Record Of Success In Managing And Growing Managed Care Partnerships.
Excellent Leadership Skills: As An Executive Director, This Individual Will Be Responsible For Leading A Team And Overseeing The Strategic Direction Of The Managed Care Business. Therefore, They Should Have Strong Leadership Skills, Including The Ability To Motivate And Inspire A Team, Make Tough Decisions, And Drive Results.
Financial Acumen: The Executive Director Will Be Responsible For Managing The Financial Performance Of The Managed Care Business, Including Budgeting, Forecasting, And Identifying Areas For Improvement. The Candidate Should Have A Strong Understanding Of Financial Principles And A Proven Ability To Drive Financial Results.
Communication And Relationship-Building Abilities: The Role Of An Executive Director In Managed Care Requires Strong Communication And Relationship-Building Skills. The Candidate Should Be Able To Effectively Communicate With Internal And External Stakeholders, Build And Maintain Strong Partnerships, And Negotiate Contracts.
Strategic Mindset And Business Acumen: The Ideal Candidate Should Have A Strategic Mindset And A Strong Understanding Of The Healthcare Industry. They Should Be Able To Identify Opportunities For Growth And Develop And Execute Strategic Plans To Achieve Business Objectives. Additionally, Strong Business Acumen, Including The Ability To Analyze Data And Make Data-Driven Decisions, Is Essential For Success In This Role.
Risk Management
Strategic Planning
Communication Skills
Performance Management
Data Analysis
Contract Negotiation
Financial Management
Team Leadership
Problem-Solving
network development
Healthcare Regulations
Provider Relations
Communication
Conflict Resolution
Emotional Intelligence
Leadership
Time management
creativity
Critical thinking
Teamwork
Adaptability
Problem-Solving
According to JobzMall, the average salary range for a Executive Director, Managed Care is between $140,000 to $200,000 per year. However, this can vary depending on factors such as the size and location of the company, the individual's experience and qualifications, and the specific responsibilities and duties of the role. Some Executive Directors in this field may earn significantly more, especially in larger organizations or in high-demand areas.
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CVS Health Corp. engages in the provision of health care services. It operates trough the following segments: Pharmacy Services, Retail or Long Term Care, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Corporate segment involves in providing management and administrative services.
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