Transforming Healthcare with Data Science at CVS Health
At CVS Health, we're on a mission to revolutionize the healthcare landscape by harnessing the power of data science and advanced analytics. As a leading healthcare company with a unique collection of assets, including 1,000+ health hubs, 1,100+ minute clinics, 23M+ lives insured by Aetna, and 100M+ lives with pharmacy benefits coverage through Caremark, we're poised to make a significant impact on healthcare in the US and beyond. We're seeking a highly skilled Decision Scientist - Trend Strategy and Management to join our team and help drive our efforts to improve healthcare outcomes and reduce costs.
About the Role
The Decision Scientist - Trend Strategy and Management will play a critical role in our PBM Analytics team, focusing on optimizing our ability to engage with our 100M+ Caremark members to help them make better healthcare decisions. This role will be responsible for managing the aggregate financial impact of PBM products, initiatives, and contracts on pharmacy cost trend, providing timely and accurate data analysis to support utilization and unit cost management, and identifying opportunities for cost savings.
Key Responsibilities
- Support the evaluation and implementation of enterprise initiatives to respond to pharmacy cost pressures and mitigate unfavorable drivers of business performance.
- Conduct regular trend analyses and develop materials for department reporting and meetings.
- Deliver performance evaluation and business-impacting recommendations for cost savings analytics.
- Assist in identifying critical pharmacy cost issues and design and recommend solutions to business problems to staff, senior Executive leadership, and key business partners.
- Work cross-functionally across a diverse stakeholder group, including Product, Clinical, Finance, Trade, Medical Economics, Data Science, and Actuarial.
Essential Qualifications
- 1+ year of experience in Healthcare Analytics, Medical/Pharmacy Cost Analytics, Data Science, or Actuarial Science.
- 1+ year of experience working in a role with competing priorities and working cross-functionally.
- Bachelor's degree in a quantitative field, such as Mathematics, Statistics, Computer Science, Business Analytics, Engineering, or related discipline.
Preferred Qualifications
- Strong analytical ability and familiarity with advanced financial and healthcare concepts.
- Demonstrated critical thinking, problem-solving, and clear communication skills from a cross-functional perspective.
- Familiarity with or willingness to learn advanced analytics tools and techniques, such as machine learning, statistical analyses, and predictive modeling.
- Foundational knowledge of PBM business functions, including underwriting, sales, product development, network management, and trade.
- Ability to anticipate and prevent problems and roadblocks before they occur.
Skills and Competencies
To succeed in this role, you'll need to possess a unique combination of technical, business, and interpersonal skills. Some of the key skills and competencies required include:
- Advanced analytical and problem-solving skills.
- Strong communication and presentation skills.
- Ability to work effectively in a cross-functional team environment.
- Familiarity with data science tools and techniques.
- Business acumen and understanding of the healthcare industry.
Career Growth Opportunities and Learning Benefits
At CVS Health, we're committed to helping our employees grow and develop their skills. As a Decision Scientist - Trend Strategy and Management, you'll have opportunities to:
- Work on high-impact projects that drive business outcomes.
- Develop your technical and business skills through training and development programs.
- Collaborate with cross-functional teams to drive innovation and improvement.
- Advance your career through internal mobility and promotion opportunities.
Work Environment and Company Culture
At CVS Health, we're proud of our culture and work environment. Some highlights include:
- A collaborative and dynamic work environment.
- Opportunities for career growth and development.
- A comprehensive benefits package, including medical, dental, and vision coverage.
- A range of well-being programs and resources to support your physical and mental health.
- A commitment to diversity, equity, and inclusion.
Compensation and Benefits
We offer a competitive compensation package, including a base salary range of $72,100 - $173,040. In addition, you'll be eligible for a CVS Health bonus, commission, or short-term incentive program. Our benefits package includes:
- Medical, dental, and vision coverage.
- 401(k) retirement savings plan.
- Employee Stock Purchase Plan.
- Term life insurance.
- Short-term and long-term disability benefits.
- Paid Time Off (PTO) and holidays.
Join Our Team
If you're a motivated and talented Decision Scientist looking to drive healthcare innovation through data-driven insights, we encourage you to apply for this exciting opportunity. As a CVS Health team member, you'll be part of a dynamic and collaborative work environment that's committed to making a positive impact on healthcare. Apply now and let's discuss how you can become a vital part of our success story.
Apply Now