Job Description
Lead a team responsible for sourcing pharmaceutical products, driving margin growth, and developing strategic plans to position Optum pharmacies as leaders in their respective segments.
Optum is a global organization that delivers care, aided by technology to help millions of people live healthier lives.
The work you do with our team will directly improve health outcomes by connecting people with the care, pharmacy benefits, data and resources they need to feel their best.
Here, you will find a culture guided by diversity and inclusion, talented peers, comprehensive benefits and career development opportunities.
Come make an impact on the communities we serve as you help us advance health equity on a global scale.
As the Sourcing Strategy & Analytics Leader, you will be responsible for leading activities with wholesalers and working directly with pharmaceutical manufacturers for Brand, Specialty, Biosimilars and Generic product categories on behalf of our enterprise-wide Pharmacy Care Services business.
Key Responsibilities:
- Ensure unmatched product access, consistent and cost-efficient sourcing of $40 billion in pharmaceutical product to maintain the most competitive cost position for Optum Rx's enterprise-wide Pharmacy businesses.
- Drive margin growth for the Pharmacy Care Services business through the strategic and targeted execution of product sourcing and channel strategies across the Brand, Specialty, Biosimilar, and Generic product classes.
- Develop and lead a team accountable for data analytics, engagement strategy, product and channel strategy, business insight/analytics, and commercial data products for drug manufacturers.
- Inform analytics related to contracting activities with manufacturers and distributors ensuring the most competitive pricing, terms, and related margin drivers.
- Develop and deliver centralized analytics to support the optimal operations of the Optum Pharmacies.
- Collaborate with Optum Pharmacies and Optum Business Entities to develop a strategic sourcing plan to position Optum pharmacies as leaders in their respective segments.
- Work closely with the SVP and Finance team to deliver regular Buy side & Financial reporting highlighting Optum Rx's Sourcing & Trade Relations performance over regular intervals.
- Work closely with Finance, Treasury, Compliance, Industry and Network Relations, legal and other constituents to ensure sourcing activity and ORx Sourcing remains compliant, competitive, proactive and coordinated.
- Participate in the development of operational budgets in support of the Sourcing organization.
This role requires strong communication skills, functional knowledge, relationship building and the ability to thrive in a fast-paced atmosphere.
Required Qualifications:
- Experience in a comparable role with one or more innovative and successful healthcare product-oriented companies.
- Management experience leading multiple teams.
- Experience with strategic sourcing and cost reduction initiatives and/or analytics in the following areas; Pharmacy Supply Chain, PBM, Wholesaler, or Pharma Manufacturer.
- Background partnering with business stakeholders, leveraging standardized business processes, data & analytics with a focus on continuous improvement.
- Experience developing networks, collaborating and influencing cross functionally.
- Experience leading and developing a geographically dispersed, high performing team.
- Demonstrated operational discipline, financial acumen, and rigor.
- Ability to operate with flexibility in a changing business and government regulated environment.
Preferred Qualifications:
- Demonstrated proficiency in contract negotiations and collaborative partnerships with pharmaceutical manufacturers and/or distributors.
- Experience in buy-side analysis, modeling, supplier risk management, and service level requirements across the pharmaceutical segment.
- Master's degree or equivalent work experience.