Full-Time

Reimbursement Economic Consultant

Posted on 12/20/2024

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

Biotechnology
Healthcare

Compensation Overview

$164k - $246kAnnually

+ Short-term Incentive (Medtronic Incentive Plan)

Senior, Expert

Minneapolis, MN, USA

Domestic travel expected: Up to 75%.

Category
Environmental Consulting
Financial Consulting
IT Consulting
Legal Consulting
Management Consulting
Operations Consulting
Strategy Consulting
Consulting
Requirements
  • Bachelor of Science in health care or finance related field
  • Minimum 10 years experience working in health economics, healthcare consulting, account management, or finance.
  • Or minimum 8 years experience working in health economics, healthcare consulting, account management, or finance with an advanced degree
Responsibilities
  • Deliver and communicate impactful economic value evidence, messaging and tools to MDT customers (C-suite, hospital administration, payers, and physicians) demonstrating a mastery of all economic and relevant clinical evidence for all Cardiovascular technology.
  • Regional field resource for Cardiovascular reimbursement education and support for external customers and field partners. Maintain expert level reimbursement knowledge (coding, coverage, payment) for all Cardiovascular products and therapies.
  • Develop deep relationships with sales partners including sales leadership (AVP/RVP/DM/RM), Strategic Accounts Organization and all Cardiovascular field teams. Serve as their economic business partner and be an economic thought leader for all respective teams.
  • Build and maintain strategic working relationships with customers (C-suite, hospital administration, payers, and physicians) and develop economic key opinion leaders.
  • Conduct and present healthcare economic analysis to customers, demonstrating the economic value (procedural, programmatic, and downstream benefit) of all Cardiovascular therapies.
  • Maintain expert level understanding of U.S. health care financing systems, changes in payment and overall reimbursement environments serving as the subject matter expert for assigned regions.
  • Lead the execution and implementation of value based healthcare product and therapy risk share agreements, specifically focused on outcome and economic impact measurement.
  • Engage with customers to develop customer based analyses intended to support the clinical and economic outcomes of our products, technology, & CVG Solution offerings.
  • Train and educate all field partners on economic value content (evidence, messaging, tools) and customer economics. Work in collaboration with legal, compliance, and other business groups to assure appropriate customer engagement processes are strictly adhered to.

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

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of telehealth drives demand for Medtronic's connected medical devices.
  • Rise in personalized medicine creates opportunities for customized Medtronic devices.
  • Focus on value-based healthcare aligns with Medtronic's cost-reducing technologies.

What critics are saying

  • Emerging medtech companies like Anteris could challenge Medtronic's market share.
  • Growing spine biologics market may disrupt Medtronic's existing product lines.
  • Departure of key personnel like Ira Bindra could impact organizational stability.

What makes Medtronic unique

  • Medtronic is a global leader in medical technology, operating in over 150 countries.
  • The company offers a comprehensive suite of products and services for chronic diseases.
  • Medtronic invests heavily in R&D to innovate and bring new products to market.

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