Full-Time

Senior Pricing Strategy Analyst

Posted on 1/31/2025

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

Biotechnology
Healthcare

Compensation Overview

$80.8k - $121.2kAnnually

+ Short-term Incentive Plan (MIP)

Senior

Minneapolis, MN, USA

Category
Business Research
Strategy Development
Business & Strategy
Required Skills
Tableau
Data Analysis
Excel/Numbers/Sheets

You match the following Medtronic's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Bachelor’s Degree
  • 4+ years of relevant experience; or advanced degree with a minimum of 2 years relevant experience
  • Proficiency in Excel, Tableau, Power Point, and Business Objects
  • Demonstrated strong quantitative and analytical skills
  • Proven ability to translate large amounts of data into actionable insights and coherent strategies
  • Demonstrated self-starter with communication, collaboration, and leadership skills
  • Ability to create and present PowerPoint presentations
Responsibilities
  • Develop pricing models to support product feature selection and portfolio development for current and future products
  • Perform revenue modeling to set new product price premiums considering customer segments
  • Develop execution plans (account planning), tracking metrics and analytics post launch
  • Present and gain alignment with business leadership on pricing strategies
  • Partner to ensure product pricing models support market dynamics, successful implementation, and drive launch goals
  • Develop governance process that is aligned to Global Region governance process
  • Manage the pricing approval process with focus on efficiency and adherence to policy
  • Workshop and advise on targeted deals to drive improved outcomes
  • Approval authority on deals within price bands
  • Create deal analytics requirements and advise on pricing systems and tools
  • Develop and train sales and contracting teams on tools, price strategies, and processes
  • Create quarterly analysis of price drivers, trends, and market insights
  • Partner with OU to develop and implement proactive pricing programs that drive incremental margin and maximize OU portfolio strategy
  • Analyze and monitor competitive pricing and market environment to determine if strategies should be refined to optimize growth and mitigate impacts to our portfolio
  • Establish Outcomes metrics to evaluate deal decisions and expected outcomes; create and implement action plans to drive improvement
  • Forecast ASPs quarterly in support of IBP process. Provide ASP support during the appropriate IBP meetings (RDR, PMR,…)
  • Provide data driven insights for program performance at contract level based on customer profiles
  • Provide input on contract and rebate structures that align to OU growth objectives
  • Collaborate on initiatives across organizations to drive efficiency in processes, tools, and systems
Desired Qualifications
  • Works independently under limited supervision to determine and develop approach to solutions
  • Experience in working with sales or contracting
  • Must be comfortable working in cross-functional role and navigating many stakeholders

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals and healthcare professionals around the world. Medtronic stands out from competitors by not only focusing on product development but also offering comprehensive services such as training for healthcare providers and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its advanced medical solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

1949

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Simplify's Take

What believers are saying

  • CE Mark approval for BrainSense™ aDBS boosts Medtronic's EU market share.
  • CMS analysis could increase adoption of Symplicity™ Spyral in the U.S.
  • Exclusive Contego agreement strengthens Medtronic's U.S. carotid market position.

What critics are saying

  • Emerging competitors like Fire1 challenge Medtronic's cardiovascular market share.
  • Exclusive agreements may limit flexibility in adapting to market changes.
  • Regulatory changes in EU could delay new product launches like BrainSense™ aDBS.

What makes Medtronic unique

  • Medtronic leads in personalized Parkinson's treatment with BrainSense™ Adaptive DBS technology.
  • The company has a strong cardiovascular portfolio, including the Symplicity™ Spyral system.
  • Medtronic's strategic partnerships enhance its orthopedic and carotid market presence.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program