Global Pricing Manager at Abbott

Alameda, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical Devices, DiagnosticsIndustries

Requirements

Bachelor's Degree in business economics, finance or related field or an equivalent combination of education and work experience
Minimum 9 years of related work experience
3+ years of experience in healthcare, medtech, med devices
6+ years of experience in pricing or commercial strategy, ideally within the medical device, healthcare or life sciences sectors
Strong knowledge of pricing methodologies, elasticity modeling and value-based pricing
Demonstrated success in developing and implementing pricing strategies

Responsibilities

Design and refine pricing models that support category growth and market access
Assess financial impact, scalability and alignment with business strategy
Partner with insights team on global research initiatives to understand customer willingness-to-pay, demand elasticity and value perception
Translate insights into pricing recommendations and commercialization strategy
Develop and implement global pricing strategies across regions, ensuring alignment with commercial, regulatory and market access requirements
Partner with finance and marketing teams to run scenario analysis and support decision making
Develop centralized global pricing database and establish governance processes to track and control pricing changes across markets
Partner with sales, market access, finance and regional leaders to ensure alignment on pricing strategy and execution
Provide clear, data-driven pricing recommendations
Deliver concise, high impact presentations and pricing recommendations to senior leadership
Ensure adequate financial and system controls are established and maintained consistent with Abbott policies and procedures as well as generally accepted accounting principles
Develop accurate and consistent financial data and present such data in a clear and concise manner thereby enhancing the management decision making process

Skills

Pricing Strategy

Pricing Analysis

Pricing Models

Market Analysis

Profitability Analysis

Financial Modeling

Strategic Pricing

Global Pricing

Abbott

Healthcare solutions in diagnostics and devices

About Abbott

Abbott Laboratories focuses on improving health through various medical technologies and health solutions. The company operates in areas such as cardiovascular health, diabetes management, diagnostic testing, nutrition, and neuromodulation for chronic pain and movement disorders. Abbott's products include advanced medical devices and diagnostic tests that help healthcare professionals and patients manage health conditions effectively. For example, their cardiovascular technologies assist in heart health management, while diabetes care products enable accurate glucose monitoring without painful fingersticks. Unlike many competitors, Abbott emphasizes accessibility and affordability in its offerings, aiming to make life-changing technologies available to a broader audience. The company's goal is to positively impact global health and well-being, supported by a commitment to sustainability and a 2030 Sustainability Plan.

Lake Bluff, IllinoisHeadquarters

1888Year Founded

IPOCompany Stage

HealthcareIndustries

10,001+Employees

Risks

Departure of key leader Dr. Adamson may affect Abbott's Heart Failure division.

Integration challenges with Medtronic could impact glucose monitor-insulin pump rollout.

Thermo Fisher's microfluidics expansion may increase competition for Abbott.

Differentiation

Abbott integrates continuous glucose monitoring with automated insulin delivery systems.

Abbott's microfluidic devices streamline diagnostic processes efficiently.

Abbott's neuromodulation products target specific nervous system areas for chronic pain relief.

Upsides

Microfluidic technology offers cost-effective solutions in diagnostics.

Strategic partnerships like Abbott-Medtronic enhance product offerings and market reach.

Significant investments indicate strong market confidence in Abbott's healthcare solutions.

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