Principal Pricing Strategist. at Medtronic

Johannesburg, Gauteng, South Africa

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Bachelor’s degree with a minimum of 4 years’ experience in pricing, contracts, or a related field (or Associate’s degree with 6+ years, or High School Diploma with 8+ years)
Strong knowledge of pricing policies, reimbursement processes, and financial analysis
Experience in conducting market research and competitive analysis
Proven ability to manage projects independently and deliver results with limited oversight
Skilled communicator, able to collaborate across functions and influence stakeholders
Ability to develop solutions to moderately complex problems and improve processes or systems
Experience in the healthcare, pharmaceutical, or medical devices industry (advantageous)
Familiarity with pricing strategies in highly regulated environments (advantageous)
Prior exposure to cross-border projects (advantageous)

Responsibilities

Develop and communicate the strategic, financial, and administrative implications of pricing policies
Create and recommend pricing proposals to ensure compliance with internal policy and external regulations
Recommend and implement pricing and reimbursement strategies for current and future products across multiple customer and market segments
Review competitor activity and market dynamics to support new product pricing decisions
Provide input into final pricing contracts and negotiations
Plan and execute market research and analysis to inform pricing strategies
Mentor or guide junior team members while managing assigned projects from design to implementation

Skills

Pricing Strategy

Financial Analysis

Reimbursement Strategies

Market Research

Competitor Analysis

Contract Negotiation

Regulatory Compliance

Pricing Policies

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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