Medtronic

Regional Economic Manager - Mid Atlantic Region

Charlotte, North Carolina, United States

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Medical Devices, HealthcareIndustries

Employment Type

Full time

About Medtronic

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

Cardiac Rhythm Management Integrated Operating Unit

Our Cardiac Rhythm Management Integrated Operating Unit offers devices and therapies that treat patients with abnormal heart rhythms and heart failure. It is comprised of four key businesses: Cardiac Pacing Therapies, Defibrillation Solutions, Patient Management, and Procedure Innovations. Together, we will transform the lives of people with cardiac arrhythmias and heart failure. At Medtronic, we bring bold ideas forward with speed and decisiveness to put patients first in everything we do.

Role Overview

This position is remote to enhance our competitive edge and expand our cross-functional collaboration efforts. This role will require 75% of travel to enhance collaboration and ensure successful completion of projects. Territory for this role will be the mid-Atlantic states.

The Regional Economics Manager for Cardiac Implantable Market Access & Customer Economics, serves as the strategic healthcare economic partner for all Cardiac Implantable field teams. This position is a field-based role, responsible for the dissemination of economic value evidence, messaging and tools and the execution of new types of business partnerships (i.e. risk sharing agreements). The Regional Economic Manager also serves as the regional resource for all relevant Cardiac Implantable related reimbursement support and healthcare transformation education for both field partners and external stakeholders. This role also serves as an important voice providing customer feedback and input to our business units and internal Market Access teams. The Regional Economic Manager is also responsible for maintaining an in-depth knowledge of the U.S. healthcare environment, including health care finance and payment reform.

Domestic travel expected: Up to 75%

Key Responsibilities

  • Deliver and communicate impactful economic value evidence, messaging and tools to MDT customers (C-suite, hospital administration, payers, and physicians) demonstrating a mastery of all economic and relevant clinical evidence for all CARDIAC IMPLANTABLE technology.
  • Regional field resource for CARDIAC IMPLANTABLE reimbursement education and support for external customers and field partners. Maintain expert level reimbursement knowledge (coding, coverage, payment) for all CARDIAC IMPLANTABLE products and therapies.
  • Develop deep relationships with sales partners including sales leadership (AVP/RVP/DM/RM), Strategic Accounts Organization and all CARDIAC IMPLANTABLE field teams. Serve as their economic business partner and be an economic thought leader for all respective teams.
  • Build and maintain strategic working relationships with customers (C-suite, hospital administration, payers, and physicians) and develop economic key opinion leaders.
  • Conduct and present healthcare economic analysis to customers, demonstrating the economic value (procedural, programmatic, and downstream benefit) of all CARDIAC IMPLANTABLE therapies.
  • Maintain expert level understanding of U.S. health care financing systems, changes in payment and overall reimbursement environments serving as the subject matter expert for assigned regions.
  • Lead the execution and implementation of value-based healthcare product and therapy risk share agreements, specifically focused on outcome and economic impact measurement.
  • Engage with customers to develop customer-based analyses intended to support the clinical and economic outcomes of our products, technology, & CVG Solution offerings.
  • Train and educate all field partners on economic value content (evidence, messaging, tools) and customer economics. Work in collaboration with legal, compliance, and other business groups to assure appropriate cust

Skills

Economic value evidence
Healthcare economics
Market access
Reimbursement support
Customer feedback
Healthcare transformation education
Business partnerships
Risk sharing agreements

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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