Description
CarelonRx, proud member of the Elevance Health family of companies, CarelonRx leverages the power of new technologies and a strong, clinical-first lens, to deliver member-centered, lasting pharmacy care.
Staff Vice President of Pharmacy Product
Location: May be located in any Elevance Health PulsePoint office preferably in Indianapolis, IN, Atlanta, GA, Mason, OH, Los Angeles, CA, San Francisco, CA, Chicago, IL, or New ork City,
This role requires associates to be in-office at least 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.
Summary
The Staff Vice President of Pharmacy Product is a senior executive responsible for shaping and executing the long-term vision and strategy for Elevance Health’s pharmacy product portfolio business, with full ownership of our PBM product P&L. Reporting to the President of CarelonRx PBM, this role leads enterprise-wide efforts to define the future-state pharmacy product offering for all commercial and government lines of business (internal and external), advancing Elevance Health’s mission to improve affordability, quality, and whole-health outcomes.
The Staff VP provides strategic direction across product innovation, pricing and growth, lifecycle management, and competitive positioning to advance Elevance Health’s leadership in the PBM market. This leader collaborates closely with CarelonRx executive leadership across benefit management, pharmacy operations, health plan product leadership, sales, and account management, as well as the centralized Carelon Product organization on strategy, execution, and go to market, lifecycle management, network management, and cross-segment business teams to develop a differentiated pharmacy offering that meets evolving client, member, and market needs.
Position Responsibilities
-
Leads development and execution of the enterprise PBM product strategy, ensuring alignment with Elevance Health’s strategic priorities and growth objectives.
-
Full ownership and responsibility of our PBM Product P&L
-
Partners with the Carelon Product function to manage the PBM product lifecycle, including strategy, ideation, prioritization, rationalization, development, go-to-market, lifecycle management, and market performance evaluation.
-
Translates market trends, regulatory changes, and client insights into actionable strategies that drive business growth and client satisfaction.
-
Evaluates external vendors to support strategy
-
Creates multi-year roadmap for PBM product ensuring a balanced portfolio that advances affordability, access, and clinical value
-
Partners with the Carelon Product function to create multi-year PBM product roadmaps, ensuring a balanced portfolio that advances affordability, access, and clinical value.
-
Collaborates with enterprise marketing, segment, sales leaders, and product go-to-market teams to develop go-to-market strategies and product positioning that highlight Elevance Health’s PBM value proposition.
-
Provides executive-level leadership on strategic design, pricing, and market differentiation to strengthen Elevance Health’s competitive position.
-
Oversees the development of key performance indicators and reporting mechanisms to evaluate PBM product success, adoption, and profitability.
-
Builds, leads, and inspires a high-performing business and operating organization; provides mentorship, vision, and professional development to drive execution excellence.
-
Provides operational support and oversight for PBM offerings once in market, including managing key operational teams to mange products post-launch, tracking KPIs, and ensuring a consistent feedback loop for market and operational issues back into the strategy.
Position Requirements
-
Requires a BA/BS degree and a minimum of 10 years of related experience; or any combination of education and experience, which would provide an equivalent background.
Preferred Skills, Capabilities and Experiences
-
Minimum of 12 years of experience in product strategy, PBM leadership, or healthcare innovation, including significant executive-level responsibility for strategy development and implementation strongly preferred.
-
Demonstrated success in developing and executing multi-year strategies that drive business growth, operational efficiency, and client satisfaction.
-
Strong executive presence, with the ability to influence and collaborate across enterprise and segment leadership.
-
Deep understanding of the PBM landscape, including network strategy, clinical integration, and market dynamics.
-
MBA or MHA preferred.
For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $178,160.00 to $320,688.00
Locations: California; Illinois, New York
In addition to your salary, Elevance Health offers benefits such as, a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements). The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company. The Company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.
* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company’s sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.
Please be advised that Elevance Health only accepts resumes for compensation from agencies that have a signed agreement with Elevance Health. Any unsolicited resumes, including those submitted to hiring managers, are deemed to be the property of Elevance Health.
Who We Are
Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.
How We Work
At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success – for our consumers, our associates, our communities and our business.
We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.
Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.
The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.
Elevance Health is an Equal Employment Opportunity employer and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws. Applicants who require accommodation to participate in the job application process may contact elevancehealthjobssupport@elevancehealth.com for assistance.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.