Business Development Specialist Sr. at Elevance Health

Woodland Hills, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, InsuranceIndustries

Requirements

BA/BS degree and a minimum of 2 years of business development experience; or any combination of education and experience which would provide an equivalent background
Must reside within a reasonable commuting distance from the posting location(s) (e.g., California, Colorado, Nevada offices), unless an accommodation is granted as required by law
In-office presence 1-2 days per week

Responsibilities

Develops business plans and formulates strategies for both new and existing businesses
Monitors and analyzes product lines to help determine optimal strategy
Provides research, analysis, and recommendations on the external environment as part of the development of strategic plans for the business unit
Analyzes major competitor strategies
Identifies and monitors changing patterns of competition and recommends response
Acquires and maintains data/information on market, industry, economic, consumer, and competitive conditions and trends pertaining to health insurance/managed care and related services
May lead or coordinate the activities of lower level staff performing related functions
Manages and is accountable for developing and executing JAA business readiness in response to Anthem projects (SSCRs, PORs), including leading TPA communications, federal and association mandates, and market readiness initiatives for sales and account management
Supports internal teams (Sales, Operations, Implementation) with research and resolution of escalated issues
Identifies and tracks changes, issues, and patterns, and recommends solutions and/or appropriate responses
Serves as the primary liaison between Payors, Operations, and Sales to service providers

Skills

Key technologies and capabilities for this role

Business DevelopmentStrategic PlanningMarket AnalysisCompetitor AnalysisBusiness PlanningHealth InsuranceManaged CareTPA CommunicationsSales SupportAccount ManagementProject Management

Questions & Answers

Common questions about this position

What is the salary range for this Business Development Specialist Sr. position?

For candidates in California, Colorado, or Nevada, the salary range is $71,316 to $117,162. This applies to those working in person or virtually in these locations.

Is this role fully remote or does it require office time?

The role requires associates to be in-office 1-2 days per week to foster collaboration, while providing flexibility for virtual work. Candidates must reside within a reasonable commuting distance from the posting location(s), unless an accommodation is granted.

What are the minimum requirements for this position?

The role requires a BA/BS degree and a minimum of 2 years of business development experience, or any combination of education and experience that provides an equivalent background.

What benefits does Elevance Health offer?

Elevance Health offers a comprehensive benefits package, incentive and recognition programs, equity stock purchase, and 401k contribution, all subject to eligibility.

What preferred experiences make a strong candidate for this role?

Preferred experiences include working with JAA, TPAs, and client/customer facing roles, which align with the responsibilities of developing business plans, analyzing markets, and supporting sales teams.

Elevance Health

Integrated health services and digital platform

About Elevance Health

Elevance Health focuses on enhancing the health of individuals throughout their lives by evolving from a traditional health benefits organization into a comprehensive health partner. The company serves over 118 million people, providing support at every stage of health through an integrated approach that addresses a wide range of health needs. Their services are backed by advanced capabilities and a digital health platform that streamlines access to care. Unlike many competitors, Elevance Health emphasizes a holistic view of health, aiming to redefine health and improve community well-being. The ultimate goal is to make health improvements accessible to everyone.

Indianapolis, IndianaHeadquarters

1944Year Founded

$309.4MTotal Funding

IPOCompany Stage

Enterprise Software, Social Impact, HealthcareIndustries

10,001+Employees

Benefits

Medical, dental, & vision insurance

401(k) + match

Paid holidays

Paid Time Off

Incentive bonus programs

Stock purchase plan

Life insurance

Wellness Programs

Financial education resources

Adoption & Surrogacy Assistance

Dependent-care Flexible Spending Account (DCFSA)

Parental Leave

Parental Transition Week

Critical Caregiving Leave

Risks

Departure of CFO John Gallina may create a gap in financial leadership.

Lawsuit against CMS over MA Star Ratings could lead to financial penalties.

CareBridge integration may face operational challenges, disrupting service delivery.

Differentiation

Elevance Health integrates whole health approach with digital health platform for comprehensive care.

Acquisition of CareBridge enhances home health services within Carelon division.

Strategic partnership with Clayton, Dubilier & Rice aims to innovate primary care delivery.

Upsides

AI integration in home health services can reduce hospital readmissions and improve outcomes.

Predictive analytics support early disease detection, aligning with Elevance's whole health approach.

Telehealth expansion offers opportunities to reach more patients remotely.

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