C

CVS Health

Runs pharmacies, health plans and clinics

Executive Director, Business Transformation

Full-TimeDeadline 10/31/26
$131.5k - $303.2k+ Bonus + Commission + Short-term incentive + Equity award
Expert
Amherst, MA, USA+2 moreMore locations: Hartford, CT, USA | Woonsocket, RI, USA
Hybrid
Project & Program ManagementProgram Management
Company Historically Provides H1B Sponsorship

About the job

Requirements
  • 12+ years of progressive leadership experience in business transformation, strategy execution, operational excellence, program management, consulting, or technology-enabled change initiatives.
  • 10+ years of experience leading large-scale, cross-functional transformation programs with enterprise-wide impact.
  • Mastery of enterprise business transformation leadership, including strategy, operating model design, governance, roadmap development, execution, and value realization across complex, multi-year initiatives.
  • Deep expertise in technology-enabled transformation, with demonstrated success translating business strategy into prioritized capabilities, requirements, and scalable solutions that improve operational performance and customer outcomes.
  • Strong strategic planning and program leadership skills, including prioritization, resource allocation, risk and dependency management, performance measurement, and delivery of measurable business results.
  • Executive-level stakeholder management and influence, with the ability to align senior leaders, facilitate complex decision-making, and drive accountability across cross-functional teams.
  • Expert problem-solving and analytical capabilities, including evaluating complex business challenges, balancing competing priorities, and implementing sustainable solutions in dynamic environments.
  • Demonstrated success leading organizational change, including process redesign, business readiness, communications, stakeholder engagement, training, and adoption of large-scale business and technology transformations.
  • Experience establishing and monitoring key performance indicators, benefits realization metrics, adoption measures, and operational performance indicators to assess progress and business impact.
  • Proven ability to build and develop high-performing teams, fostering a culture of collaboration, continuous improvement, accountability, and execution excellence.
  • Exceptional communication, executive presence, and adaptability, with the ability to influence diverse audiences, navigate ambiguity, and lead organizations through sustained transformation.
Responsibilities
  • Lead the business transformation function, partnering closely with technology leadership to deliver a multi-year transformation program aligned with organizational strategy and business objectives.
  • Establish and oversee the transformation roadmap, including program scope, sequencing, milestones, business readiness, and value realization.
  • Translate business strategy into prioritized capabilities, requirements, operating model changes, and delivery plans in partnership with business and technology leaders.
  • Maintain executive-level visibility into transformation progress, risks, dependencies, organizational readiness, and business outcomes.
  • Design and manage governance structures, decision-making forums, executive reporting, dependency management, and escalation processes.
  • Lead cross-functional efforts related to process redesign, business readiness, change management, stakeholder engagement, communications, training, and adoption.
  • Define and monitor key performance indicators, adoption metrics, benefits realization measures, and operational performance indicators.
  • Identify and mitigate transformation risks, resource constraints, organizational impacts, and readiness gaps to support successful execution.
  • Communicate priorities, progress, decisions, risks, and impacts to executive sponsors, business leaders, technology teams, and key stakeholders.
  • Build and develop a high-performing transformation team capable of leading complex, technology-enabled change initiatives.
  • Drive accountability through clear performance expectations, coaching, talent development, and performance management.
  • Foster a culture of collaboration, transparency, continuous improvement, and accountability for measurable business results.

About the company

CVS Health runs pharmacies, health insurance plans and medical clinics for individuals, employers and government programs across the United States. Its businesses include CVS Pharmacy, the Aetna insurer and Caremark, which manages prescription coverage and negotiates drug prices for health plans. Patients fill prescriptions in stores or by mail and receive care through walk-in clinics, primary care centers and home visits. The company earns money from prescription sales, insurance premiums, plan administration fees and clinical services, combining coverage with places to obtain treatment. Its first store opened in 1963, and its headquarters are in Woonsocket, Rhode Island.

Company Size

10,001+

Company Stage

IPO

Headquarters

Woonsocket, Rhode Island

Founded

1963

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Simplify Jobs

Simplify's Take

What believers are saying

  • Demand is expanding: CVS Health reported $106.1 billion revenue in the June 2026 quarter, up 7.3% year over year.
  • Eligible colleagues get degree support: CVS Health's partner-college program covers tuition with no out-of-pocket cost through reimbursement.
  • Self-pay care is expanding: MinuteClinic announced $29 online weight-loss visits in August 2026, without recurring membership fees.

What critics are saying

  • Insurance leaves a narrow cushion: Aetna's medical costs consumed 87.4% of premium revenue in the June 2026 quarter.
  • Drug fees face limits: Caremark's July 2026 FTC settlement proposes separating fees from drug list prices.
  • Wilmington's pharmacist role includes mobility: CVS Rx Services lists up to 25% travel across nearby pharmacy locations.

What makes CVS Health unique

  • Its pharmacy shelves are tobacco-free: CVS removed tobacco products while keeping its national retail pharmacy network.
  • Caremark separates drug costs from service fees: TrueCost anchors pricing to acquisition benchmarks and makes dispensing fees visible.
  • Its clinics accept care-cost risk: Oak Street receives fixed payments from health plans rather than billing only per visit.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Life Insurance
  • Disability Insurance
  • 401(k) Retirement Plan
  • Company Equity
  • Wellness Program
  • Professional Development Budget
  • Paid Vacation
  • Paid Holidays

Company News

Yahoo Finance
Oct 27th, 2026
Elevance, CVS and Humana: three US health insurers worth $265B suited to higher rates

A Simply Wall St screen flags three large US health insurers as well placed if interest rates stay higher for longer: Elevance Health, CVS Health, and Humana. The screen favours quality value companies with solid balance sheets and dependable cash flow. Elevance Health has a market value of about $95.1 billion. Its Health Benefits unit brings in about $170.4 billion of revenue, and Carelon's CarelonRx and Carelon Services add about $45.1 billion and $30.1 billion. CVS Health is valued at about $119.5 billion, with Health Services revenue of about $200.5 billion. It took a $1.1 billion charge tied to Medicare and Individual Exchange businesses and a $1.2 billion restructuring charge for store closures. Humana, valued at about $50.7 billion, draws about $139.7 billion from insurance and $24.7 billion from CenterWell. Regulators are sharpening their focus on its risk adjustment data and prior authorization standards.

Yahoo Finance
Oct 24th, 2026
CVS Health shares up 20.2% this year as bulls see $103 fair value and bears $62.09

CVS Health shareholders have gained 20.2% since the start of the year, including dividends, after the company launched its Health100 AI platform and quickly built out GLP-1 programmes. The shares cost $79.36 on January 1, 2026, and now trade at $93.47. Investors hold two views. Bulls set fair value at $103, assuming 18.0% revenue growth and a 2.0% profit margin. Bears put it at $62.09, assuming 7.0% growth, citing retail pressure and policy risk. Second-quarter 2026 revenue was $105.5 billion and net income $2.98 billion. Net margin reached 2.8%, up from 1.0% a year earlier, which supports the bulls, though lawsuits and regulatory settlements leave risks open.

Yahoo Finance
Oct 20th, 2026
CVS opens small 3,000 sq ft pharmacies to fill gaps left by 1,000 Walgreens and Rite Aid closures

CVS Health is opening small, pharmacy-only stores in communities left underserved after rivals closed locations. The chain has opened its newest 3,000-square-foot store in Roxbury, Massachusetts, just outside Boston. Walgreens and CVS have closed over 1,000 stores in recent years, and Rite Aid shut all 2,000 of its stores in 2023. Thinner margins strained profits at the chains. CVS plans to open 20 small-format stores this year. It already has sites in Birmingham, Chicago, Detroit, Houston, and Washington, D.C. Most offer immunisations as well as prescriptions. Smaller stores could cut inventory and rent costs. Walgreens has opened about 100 smaller stores for the same reason. IBISWorld puts the US pharmacy market at $739.4 billion in 2026.

PR Newswire
Oct 20th, 2026
MinuteClinic opens three Massachusetts clinics, including its first in Boston

CVS Health said MinuteClinic, its medical clinic inside select CVS Pharmacy stores, has opened three Massachusetts locations in Charlestown, Beverly, and Swampscott. The Charlestown clinic is the first MinuteClinic in Boston. Board-certified nurse practitioners staff each clinic. They offer vaccinations, health screenings, routine lab tests, physicals, and treatment for minor illnesses and injuries. Patients aged 18 months and older can walk in seven days a week, including evenings and weekends. Most major health insurance is accepted, and self-pay options are available. "By making care more accessible, we can help patients address health concerns earlier and avoid unnecessary visits to higher-cost settings such as the emergency room," said Tara Allain, executive area director at MinuteClinic.

Yahoo Finance
Oct 19th, 2026
CVS Health raises 2026 revenue forecast to $414B, but shares fall 11.5%

CVS Health raised its fiscal 2026 revenue forecast on August 5 to at least $414 billion, up from $405 billion in May. Yet the stock has fallen 11.5% since, against a 1.0% dip for the S&P 500. The company also lifted its adjusted earnings per share target to between $7.90 and $8.10, from $7.40 at the mid-point. It now expects cash flow from operations of at least $11.5 billion, up from $9.5 billion. Shares closed at $92.36 on October 16, just above the 50-day average of $91.73 and the 200-day average of $87.51. The new forecast implies second-half revenue about 0.5% below the same period last year. The next key test is the September quarter report, expected on November 4.