Senior Pricing and Contracting Analyst at Medtronic

Seoul, Seoul, South Korea

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, Medical DevicesIndustries

Requirements

3-5+ years of relevant experience in Pricing or Contracts or equivalent
Healthcare background is a plus
Being a proactive thinker and problem solver
Having a strong collaborative approach and an ability to work across different teams
Excellent communication skills
A willingness and enthusiasm to learn new concepts with a growth mindset

Responsibilities

Review reimbursement prices two times a year in Korea based on government guidelines
Drives annual Country List Prices (CLPs) and Target Approval Price Setting (TAPS) reviews
Manages Price Master file
Oversees pricing projects and programs within the country/region, ensuring alignment with business objectives including the roll out and implementation across multidisciplinary teams of Vendavo, Salesforce.com, ServiceNow etc
Oversees public and private procurement opportunities through competitive bidding processes in liaison with commercial objectives
Ensures compliance with company policies and local legislation
Leads Price Optimization Programs (POP) and Price increase initiatives at a granular level across within country/region
Develops and communicates the strategic, financial, and administrative implications of proposed and/or implemented pricing policy
Recommends positions for pricing and reimbursement strategies for current and future products across all relevant customer and market segments
May review competition to determine price of new product
May plan and develop market research and analysis

Skills

Key technologies and capabilities for this role

Pricing AnalysisContractingReimbursement GuidelinesVendavoServiceNoweStorePrice Master ManagementCLPTAPS

Questions & Answers

Common questions about this position

What experience is required for the Senior Pricing and Contracting Analyst role?

Candidates need 3-5+ years of relevant experience in Pricing or Contracts or equivalent, with a healthcare background being a plus. They should also be proactive thinkers, problem solvers, and have a strong collaborative approach.

Is the salary specified for this position?

This information is not specified in the job description.

What is the work arrangement or location for this role?

This information is not specified in the job description.

What is the company culture like at Medtronic?

Medtronic emphasizes innovation, exploration, and a passion for helping patients with a commercial mindset. The culture involves thinking differently to solve problems, collaborating with cross-functional teams, and championing healthcare access and equity.

What makes a strong candidate for this position?

A strong candidate has 3-5+ years in pricing or contracts, preferably with healthcare experience, and demonstrates proactive problem-solving and strong collaboration skills to lead pricing initiatives and work with multidisciplinary teams.

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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