Full-Time

Senior Pricing Strategy Analyst

Posted on 1/6/2025

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

Biotechnology
Healthcare

Compensation Overview

$80.8k - $121.2kAnnually

+ Short-term Incentive Plan

Senior

Minneapolis, MN, USA

Category
Strategy Development
Business Development
Business & Strategy
Required Skills
Tableau
Data Analysis
Excel/Numbers/Sheets
PowerPoint/Keynote/Slides
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
  • Experience in working with sales or contracting
  • 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
  • Must be comfortable working in cross-functional role and navigating many stakeholders
  • 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

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, clinics, 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 their advanced medical solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

1949

Simplify Jobs

Simplify's Take

What believers are saying

  • Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.
  • Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.
  • Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

What critics are saying

  • Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.
  • Spine biologics market growth may attract new entrants, increasing competition for Medtronic.
  • Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

What makes Medtronic unique

  • Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.
  • The company invests heavily in R&D to drive innovation in medical devices.
  • Medtronic offers comprehensive services, including training and technical support, enhancing product value.

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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