Principal Pricing Strategy Analyst at Medtronic

Minneapolis, Minnesota, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

High School Diploma or equivalent, with 8+ years of relevant experience in Pricing or Contracts, or equivalent experience
OR Associate’s Degree with 6+ years of relevant experience
OR Baccalaureate Degree with 4+ years of relevant experience
Demonstrated experience leading and managing major projects or processes within a professional discipline
Ability to work onsite at least 4 days per week

Responsibilities

Advise on pricing strategies for current and future products across all relevant customer and market segments
Develop and communicate the impacts of proposed and/or implemented pricing strategies and governance
Create price recommendations to ensure compliance with established policies
Review competitive activity to determine pricing for new products
Provide input on final pricing contracts and agreements
Foster strong business partnerships with cross functional internal stakeholders, including facilitation of various pricing analyses and metrics
Manage large projects or processes, functioning as a pricing subject matter expert between the enterprise and the operating unit
Provide guidance and training to colleagues within the job area

Skills

Pricing Strategy

Market Analysis

Competitive Pricing

Contract Negotiation

Pricing Governance

Price Recommendations

Cross-Functional Collaboration

Product Launch

Market Trends

Compliance

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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