Home-based / Los Angeles, CA, US.
The Principal Health Economics & Outcomes Research Specialist will provide strategic direction to develop a key component of the US Market Access plan for the innovative products in Diabetes Operating Unit (OU). In addition, the Principal HEOR specialist will generate evidence that will impact Market Access decisions regarding Medtronic Diabetes devices. The successful candidate will provide support on the design, execution, and dissemination of HEOR studies to meet the business evidence strategy needs. In this role, you will advise and collaborate with cross-functional stakeholders including reimbursement, healthcare policy, marketing, payer marketing, medical affairs, and other functions. Responsibilities may include providing input on clinical trial design, Real World Evidence (RWE) generation and communication.
- Works closely with the other functions within the Market Access team to support the development of evidence that will improve the understanding of the treatment of diabetes and will demonstrate the value of Medtronic’s extensive diabetes profile. The data generated should inform strategic internal decisions as well as Health Care Decision Makers (HCDMs) to communicate the value of devices and therapeutics within the Medtronic Diabetes OU.
- Develops US specific evidence to meet requirements for optimal reimbursement coverage and usage. Collaborates closely with reimbursement experts within the HEPR team to identify evidence needed and synergies.
- Designs and implements observational and economic research studies or economic models that provide value, perspective and evidence for clinical and/or pre-clinical product portfolio decisions, marketing, regulatory agency submissions, and product reimbursement strategies.
- Conducts both systematic and targeted literature searches that will be foundational to the development of Value Dossiers in the AMCP 5.0 format for specific products/therapies.
- Compares and evaluates the value of Medtronic’s products and therapies versus the other products in the market basket with respect to the clinical, economic, and outcomes data from clinical trials and Real-World Evidence studies including, epidemiology studies, registries, observational studies, modeling, surveys, and meta-analysis.
- Collaborates with the Clinical Development team to ensure that an integrated evidence plan including Real-World Evidence is available at launch to support FDA approval and formulary coverage.
- Provides strategic support to the Diabetes business unit in the areas of health economics and claims data analysis.
- Maintains a comprehensive knowledge of the evidence needed to inform Health Care Decision Makers in order to ensure that the evidence generated by Medtronic is relevant for payers across all books of business including, Commercial, Medicaid, Medicare Advantage, as well as those of CMS.
- Prepares observational and economic research study results for dissemination via abstract, presentation, and/or peer-reviewed publication.
Must Have: Minimum Requirements
- Bachelor’s degree and 7+ years of relevant experience in the healthcare industry
- Or, Master’s degree and 5+ years of relevant experience in the healthcare industry
Nice To Have
- Degree in PharmD, Master’s degree, or PhD in epidemiology, health economics, biostatistics, public health
- An understanding of US health insurance and the U.S. health care payment system
- Project management experience; demonstrated consultative mindset
- Proven ability to work effectively in a highly matrixed organization
- Proven relationship-building and maintaining skills with internal and external stakeholders including physician customers, hospital administrators or payers
- Excellent verbal and written communication skills, especially the ability to communicate complex analytical techniques in a way that is understandable by non-quantitative audiences
- Postgraduate training or experience in health economics, health policy, epidemiology or health services research
- Experience working with administrative claims data
- Experience in medical device or pharmaceutical industr
- Proficiency programming using statistical software (e.g. SAS, R, etc.)
- Strong quantitative skills, preferably with training in econometrics or statistics
- Experience in the analysis, synthesis, and presentation of complex data from multiple sources
#LI-MDT
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
Benefits & Compensation
Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
Salary ranges for U.S (excl. PR) locations (USD):$136,800.00 – $205,200.00This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).
The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).
The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple Steps (global well-being program).
The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).
Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.
This job ad will be unpublished on 07/02/2025.
This job is posted by Medtronic.
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