Staff VP CarelonRx Product Strategy

Join to apply for the Staff VP CarelonRx Product Strategy role at Elevance Health. Be among the first 25 applicants. CarelonRx, a proud member of the Elevance Health family of companies, leverages the power of new technologies and a strong clinical‑first lens to deliver member‑centered, lasting pharmacy care. Location May be located in any Elevance Health PulsePoint office with preference for Indianapolis, IN; Atlanta, GA; Mason, OH; Los Angeles, CA; San Francisco, CA; Chicago, IL; or New York City. The role requires associates to be in‑office at least 3 days per week. Alternate locations may be considered. 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. Position Responsibilities Lead the development and execution of the enterprise PBM product strategy, ensuring alignment with Elevance Health’s strategic priorities and growth objectives. Own the PBM Product P&L, driving profitability and performance. Partner with the Carelon Product function to manage the PBM product lifecycle—including strategy, ideation, prioritization, rationalization, development, go‑to‑market, and lifecycle management. Translate market trends, regulatory changes, and client insights into actionable strategies that drive business growth and client satisfaction. Evaluate external vendors to support strategy execution. Create multi‑year roadmaps for PBM products that advance affordability, access, and clinical value. Collaborate with enterprise marketing, segment leaders, and product go‑to‑market teams to develop go‑to‑market strategies and product positioning that highlight Elevance Health’s PBM value proposition. Provide executive‑level leadership on strategic design, pricing, and market differentiation to strengthen Elevance Health’s competitive position. Oversee the development of KPIs and reporting mechanisms to evaluate PBM product success, adoption, and profitability. Build, lead, and inspire a high‑performing business and operating organization; mentor, set vision, and foster professional development to drive execution excellence. Provide operational support and oversight for PBM offerings once launched, managing key teams, tracking KPIs, and ensuring a continuous feedback loop for market and operational issues back into strategy. Position Requirements BA/BS degree and a minimum of 10 years of related experience; or any combination of education and experience that provides 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. 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. Salary and Benefits For candidates working in person or virtually in the below locations, 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 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. Equal Employment Opportunity 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. #J-18808-Ljbffr