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Medtronic, Inc.

Business Economic Value Director

Medtronic, Inc. - Saint Paul, MN

Business Economic Value Director


Saint Paul


Job #673425774

Business Economic Value Director


Mounds View, Minnesota, United States

Requisition #:


Post Date:

2 days ago

Careers that Change Lives

The Business Economic Value (BEV) Director is responsible for providing leadership in the strategy development, planning and implementation of global reimbursement, health economics, outcomes research, market access and economic value programs for the Patient Monitoring and Diagnostics (PMD) business.

This leadership position is accountable for championing global economic value, reimbursement and market access integration into the specific Business Unit product development, pricing, and commercialization processes, supporting the evidence plan development and developing and mainlining the portfolio economic view and roadmap for each business. This includes identifying, understanding, and articulating the business opportunities and its relationship to therapy-level evidence requirements across geographies, exposed flanks/risks to optimal market access and the global evidence plan by stakeholder to close the gap.

This leader is a member of the PMD leadership team as well as a member of the Economics, Reimbursement, and Evidence (ERE) leadership team. This person is expected to have strong partnership and collaboration with their Business Unit GMs, Clinical leaders, up and downstream marketing and Field Clinical/Economic organization. In addition, they will play a critical role in developing the talent on the ERE team through their interactions via the core team.

A Day in the Life

Responsible for developing the Business Unit specific global reimbursement, health economics and economic value portfolio strategy and evidence roadmap. Reprioritizes strategy and project focus as required.

Works closely with the broader ERE organization to drive execution in order to meet business goals, navigate challenges, and propose solutions through the ERE Core Teams.

Communicates evidence requirements and reimbursement landscape, across the geographies, to the Business team and provides leadership support and direction for the evidence solutions to meet current and future business needs.

Serves as Value Based Healthcare economic advisor by sharing perspective, supporting efforts, and assisting in the operationalization of VBHC initiatives globally.

Provides economic input and direction in partnership with Business Unit Clinical (BUC) leaders to ensure that models are developed in a manner that is clinically relevant and the clinical data is suitable to meet reimbursement needs across the globe.

Collaborates with Marketing to drive global evidence strategies to support new indication/product launches, responds to stakeholder inquires, positions for competitive advantage, ensures alignment with desired business direction.

Works closely with the ERE functional leaders to identify the specific project resources.

Provides input into talent management, development and performance of ERE team members.

Works closely with ERE LT on optimal process development for the function.

Helps to develop ERE Functional Strategic Vision.

Responsible for BU objective setting and quarterly review specific to economic and reimbursement deliverables.

Point of contact for economic and reimbursement related due diligence for the businesses they support.

Provides critical evaluation and technical input into the Strategic Reimbursement and Economic Value plans and aspirational product messages.

Prepare and manage annual operating budget specific to the Health Economic/Outcomes research and policy support for the respective businesses.

Active participation in ERE and PMD leadership team activities, include implementation of functional strategic imperatives.

Must Have

Bachelor’s or higher degree in finance, physical/ biological/life sciences or related medical/scientific field.

10 years health policy, reimbursement, health economics, outcomes research, clinical research experience, finance, or related field within medical device, pharmaceutical industry, Hospital administration, or academia

6 years’ experience working with providers, payer/hospitals

3 years in a strategy development role (business or function)

Solid understanding of core business processes e.g. product development, pricing, evidence generation, commercialization of Class III (implantable devices)

Significant experience managing and leading teams with direct line management

Strong business acumen; can bridge clinical and economic science to the business

Strong Executive written and verbal communication skills

Nice to Have

Global experience (leading global teams, global individual contributor role)

Solid understanding of core business processes e.g. product development, pricing, evidence generation, commercialization of Class III (implantable devices)

Proven track-record of delivery on business commitments with business results well-articulated

Leadership and influence management skills

Experience working in a complex environment

Excellent oral and written communications

Works well in teams, inspiration leadership

Strong knowledge of economic and clinical research design and methodologies including statistics, statistical methodology, and application of statistics in scientific/medical research

Working knowledge of US coding, coverage, and payment

Demonstrated excellence in building networks and relationships, clear thinking and problem solving.

External focus – understands the healthcare landscape and market access conditions

About Medtronic

Together, we can change healthcare worldwide. At Medtronic, we push the limits of what technology, therapies and services can do to help alleviate pain, restore health and extend life. We challenge ourselves and each other to make tomorrow better than yesterday. It is what makes this an exciting and rewarding place to be.

We want to accelerate and advance our ability to create meaningful innovations - but we will only succeed with the right people on our team. Let’s work together to address universal healthcare needs and improve patients’ lives. Help us shape the future.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

The physical demands described within the Day in the Life section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

Updated 05/29/2018

20 days 4 hours ago

Medtronic, Inc.


Business Economic Value Director Medtronic, Inc. - Saint Paul, MN, United States


Location: Saint Paul, MN

Company Profile:
Medtronic, Inc. manufactures and sells device-based medical therapies worldwide. The company operates in two segments, Cardiac and Vascular Group, and Restorative Therapies Group. The Cardiac and Vascular Group’s products include pacemakers; implantable defibrillators; leads and delivery systems; ablation products; electrophysiology catheters; products for the treatment of atrial fibrillation; information systems for the management of patients with cardiac rhythm disease management (CRDM) devices; coronary and peripheral stents and related delivery systems; therapies for uncontrolled hypertension; endovascular stent graft systems; heart valve replacement technologies; cardiac tissue ablation systems; and open heart and coronary bypass grafting surgical products. The Restorative Therapies Group offers products for various areas of the spine; bone graft substitutes; biologic products; trauma, implantable neurostimulation therapies, and drug delivery devices for the treatment of chronic pain, movement disorders, obsessive-compulsive disorder (OCD), overactive bladder, urinary retention, and fecal incontinence and gastroparesis; external insulin pumps; subcutaneous CGM systems; products to treat conditions of the ear, nose, and throat; and devices that incorporate advanced energy technology. It also manufactures and sells image-guided surgery and intra-operative imaging systems; and provides Web-based therapy management software solutions. The company serves hospitals, physicians, clinicians, and patients in approximately 140 countries. Medtronic, Inc. was founded in 1949 and is headquartered in Minneapolis, Minnesota.