Senior Manager - PBM Innovation

Senior Manager of PBM Innovation within Product

At CVS Health, we're building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care.

As the nation's leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day.

Overview : CVS Caremark continues to lead with innovation by simplifying pharmacy benefits through modular, data-driven service models that enhance clarity and reduce operational complexity for clients and members alike. To accelerate this transformation, the organization is forming a new team focused on reimagining how service offerings are packagedleveraging insights from the tiered service model to balance customization with scalable efficiency. This next-generation approach aims to deliver streamlined, cost-effective solutions that meet diverse client needs while maintaining flexibility and economic sustainability.

Position Summary

As a Senior Manager of PBM Innovation within Product, you will play a pivotal role in shaping and executing the next generation of how the PBM creates and executes new service models. You will be in a critical role that is both setting strategy and rolling up your sleeves to execute on this important initiative.

This individual contributor role is paramount in helping the team organize, orchestrate, and define how the PBM interacts with client and members in the future, organize business transformation ideas into new service models, and set strategy on future service model types based on the evolving marketplace, client feedback, and innovation in other consumer industries.

Key Responsibilities Include :

• Lead new module service ideation and development through solution design, requirements gathering, and return on invested capital exercises
• Navigate complex and ambiguous opportunities, applying structured thinking to define scope, value, and execution pathways
• Monitor market trends and competitive activity to inform service strategy and identify whitespace opportunities that will inform the PBMs future model strategy
• Evaluates and provides recommendations to finance on model changes, pricing, and coordinates with finance under / over performance of each model
• Partners with marketing, sales ops, and the core functional areas to develop GTM strategies, targeting, and client transition guide paths

Your Day-to-Day Requires :

Required Qualifications :

Preferred Qualifications :

Education :

Pay Range

The typical pay range for this role is :

$82,940.00 - $182,549.00

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. This position also includes an award target in the company's equity award program.

Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong.

Great benefits for great people

We take pride in our comprehensive and competitive mix of pay and benefits investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include :