Vice President of Product Development

4 days ago

Boston, Massachusetts, United States Blue Cross Blue Shield of Massachusetts Full time
Job Description

We are seeking a highly skilled and experienced Vice President of Product to lead our Government Programs team. As a key member of our leadership team, you will be responsible for developing and implementing Medicare and Federal Employee Program (FEP) products that drive business growth and profitability.

Key Responsibilities:
  • Develop and execute product strategies to achieve business objectives
  • Lead cross-functional teams to launch new products and initiatives
  • Collaborate with internal partners to drive business growth and profitability
  • Manage product development priorities to identify and address competitive product designs, pricing, and benefits
  • Lead and manage Medicare ancillary product strategy, diversification, innovation, development, and implementation
  • Drive profitable membership growth in Government portfolio through development of and/or influence of product, marketing, sales, and operations business plans
  • Lead Medicare Integrated Medicare Market Team (IMMT) to support the development, implementation, and monitoring of an integrated Medicare marketing strategy
  • Oversee Medicare Market project management resources and ensure management of all Medicare Management corporate IT projects
  • Directs the Blue-to-Blue Conversion (Bridge to Medicare) initiatives by collaborating with internal leadership on the development, prioritization, and execution of our Blue-to-Blue goals
  • Lead multi-Blues plan consortium with responsibility of holding a CMS contract for a regional PDP product plus a multi-year contract with a PBM for operational and pharmacy management activities
  • Oversee implementation of state and federal benefit mandates, including benefit and member communications requirements
  • Support the business relationship with regulators, including local Division of Insurance (DOI), and the Centers for Medicare and Medicaid Services (CMS)
  • Ensure timely submission of fully substantiated rate and policy bid and form filings to CMS and DOI
  • Negotiate new and existing business relationships with vendors and other Blues plans and oversee the execution, implementation and oversight of the terms of the contracts
  • Provide support to and drive business objectives with other key business partners
  • Direct, coach, and mentor a dedicated team of professionals focused on process improvement, cost-effectiveness, and operational efficiency
  • Work with EVP, SVP and other corporate leaders in business planning, monitoring, and development
  • Maintain a multi-million dollar, non-salaries based, annual budget within target
  • Drive business targets through influential leadership model with key business partners throughout the organization
  • Represent Medicare Segment in various leadership forums
  • Excellent ability to manage external relationships and performance with vendors necessary to meet business goals
Requirements:
  • Demonstrated success and results to lead cross functionally to achieve results and outcomes
  • Strong ability to lead through influence and build key organizational relationships
  • Experience in managing others; demonstrated coaching and mentoring skills
  • Strong presentation skills; ability to effectively communicate the vision and direction of BCBSMA in large groups and meetings
  • Documented strength in data driven approach, identification of problems and problem resolution
  • Strong oral and written communication skills; ability to document and present findings
  • High degree of professionalism and initiative; ability to effectively interact with all levels of an organization
Education/Relevant Experience:

MBA or other advanced degree preferred plus 12+ years of health care leadership experience, preferably including 6-10 years of business experience in Medicare and/or FEP Product Development or Management

Exemplary work history with a proven record of success in positions of progressively greater responsibility managing people and achieving business goals and objectives

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