Principle HEPR Generalist at Medtronic

Gurugram, Haryana, India

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

Baccalaureate degree (or equivalent for degrees earned outside the United States) and minimum 7 years of relevant experience, or advanced degree with a minimum of 5 years of relevant experience
Mastery of a specialty area and full knowledge of industry practices, typically obtained through advanced education combined with experience
Broad knowledge of project management

Responsibilities

Creates and executes comprehensive market access strategies through the integration of pricing and reimbursement, health technology assessment, evidence-based medicine review, and health economic modeling activities
Designs, develops and implements an integrated approach to all aspects of the payer value proposition from early development through and beyond loss of exclusivity
Communicates the unique attributes of the therapeutic area drugs/medical devices to external multi-stakeholders to ensure the drug's/device's value proposition will be recognized and maximize market uptake
Works collectively with payers, including HTA, reimbursement influencers and other decision makers to ensure the continuous changing reimbursement systems remain fair to all involved parties
Develops strategic studies with the end-customer in mind to ensure that the results will favorably impact pricing, reimbursement and market access as well as market uptake
Conducts quantitative and qualitative pricing research
Works with Health Economics/Outcomes Research to design pricing strategy
Delivers and/or manages projects assigned and works with other stakeholders to achieve desired results
Acts as a mentor to colleagues or directs the work of other lower level professionals
Manages large projects or processes with considerable latitude in determining deliverables, limited oversight from manager
Coaches, reviews and delegates work to lower level specialists
Contributes to defining the direction for new products, processes, standards, or operational plans based on business strategy with significant impact on work group results
Develops solutions to moderately complex problems and/or makes moderate to significant improvements of processes, systems or products independently
Represents organization as a primary contact for specific projects and initiatives; communicates with internal and external customers and vendors at various levels
Negotiates with others to reach understanding or agreement, and influences decision-making
Provides guidance, coaching and training to other employees within job area
Manages major/moderately complex projects, involving delegation of work and review of work products, at times acting as a team leader

Skills

Market Access

Pricing Strategy

Reimbursement

Health Technology Assessment

HTA

Health Economic Modeling

HEOR

Outcomes Research

Evidence-Based Medicine

Payer Engagement

Pricing Research

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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