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Full-Time

Associate Market Access Manager

Confirmed live in the last 24 hours

Penumbra Inc

Penumbra Inc

1,001-5,000 employees

Develops medical devices for vascular conditions

Biotechnology
Healthcare

Compensation Overview

$88.8k - $126kAnnually

+ Equity Program

Junior, Mid

Alameda, CA, USA

Category
General Marketing
Growth & Marketing
Required Skills
Sales
Word/Pages/Docs
Marketing
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree in Business, Biology, Engineering/Bioengineering, or related field with 2+ years of marketing experience within the medical device or a similarly regulated healthcare industry, or equivalent combination of education and experience
  • Master’s degree in business, Engineering, Biology, or related field preferred
  • Experience successfully collaborating with colleagues at a variety of levels and areas of an organization
  • Advanced oral, written, and interpersonal communication skills
  • High degree of accuracy and attention to detail
  • Proficiency with MS Word, Excel, and PowerPoint
  • Excellent organizational skills with ability to prioritize assignments while handling various projects simultaneously
Responsibilities
  • Provide support cross-functional teams on development of health economic, value messaging, reimbursement and coverage strategies based on robust understanding of physicians, business/practice managers, payers, and their decision-making systems.
  • Collaborate with market access team to develop key relationships with providers, payer, international reimbursement teams and sales force as appropriate.
  • Support each customer group in a manner that reflects their needs and expectations of the business partnership and work with internal cross-functional teams to communicate the Penumbra value proposition.
  • Assist in providing perspectives on economic buyer and commercial payer-related issues related to reimbursement, coverage, and contracting for the Penumbra product portfolio.
  • Work with senior management to help execute and implement new strategy for business.
  • Communicate effectively to keep internal stakeholders regularly informed about coding/coverage/reimbursement issues affecting the company and its customers.
  • Support vendor relationships and projects as needed.
  • Provide support to continuing U.S. customers via field-oriented product support activities.
  • Participate in field training on market access, and in the development of training materials.
  • Adhere to the Company’s Quality Management System (QMS) as well as domestic and global quality system regulations, standards, and procedures.
  • Understand relevant security, privacy and compliance principles and adhere to the regulations, standards, and procedures that are applicable to the Company.
  • Ensure other members of the department follow the QMS, regulations, standards, and procedures.
  • Perform other work-related duties as assigned

Penumbra Inc. specializes in creating medical devices aimed at treating neurovascular and peripheral vascular conditions. Their products, such as the Penumbra System and the Indigo System, are designed to assist healthcare professionals in addressing issues like stroke and other vascular diseases. These devices work by providing advanced tools for interventions in neurology and vascular surgery, allowing for effective treatment options. Unlike many competitors, Penumbra focuses on a specific range of conditions and invests heavily in research and development to continuously enhance their offerings. The company's goal is to deliver high-quality medical devices that meet the needs of healthcare providers and improve patient outcomes.

Company Stage

IPO

Total Funding

$3.4M

Headquarters

Alameda, California

Founded

2004

Growth & Insights
Headcount

6 month growth

4%

1 year growth

8%

2 year growth

17%
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Simplify's Take

What believers are saying

  • Penumbra's recent product launches, such as the BMX81 and BMX96 in Europe, demonstrate their commitment to expanding and improving their product portfolio.
  • Significant investments from firms like Jennison Associates LLC and Algert Global LLC indicate strong financial backing and confidence in Penumbra's growth potential.
  • The company's participation in high-profile conferences like the Truist Securities MedTech Conference and the William Blair Growth Stock Conference highlights its industry recognition and thought leadership.

What critics are saying

  • The highly competitive medical device market requires Penumbra to continuously innovate to maintain its market position.
  • Regulatory challenges and the need for CE Marks and FDA approvals can delay product launches and impact revenue.

What makes Penumbra Inc unique

  • Penumbra's focus on both neurovascular and peripheral vascular conditions sets it apart from competitors who may specialize in only one area.
  • Their continuous investment in R&D ensures that they remain at the forefront of medical device innovation, particularly with recent launches like the Lightning Flash 2.0 CAVT technology.
  • Penumbra's global reach, serving healthcare providers in over 100 countries, provides a broad market presence that many competitors lack.