Teladoc Health is a global, whole person care company made up of a diverse community of people dedicated to transforming the healthcare experience. As an employee, you’re empowered to show up every day as your most authentic self and be a part of something bigger – thriving both personally and professionally. Together, let’s empower people everywhere to live their healthiest lives.
Summary of Position
This position will help develop pricing for our product portfolio. You will help improve our technical pricing capabilities and processes. You’ll support our ongoing pricing modernization efforts and serve as a member of our leadership team. You will work with the Pricing leader and work closely with the CFOs, GM, Sales, and Product to ensure efficient and effective rate execution and development of pricing plans You’ll also help the team define and incorporate advanced risk models into our underwriting and pricing practices, including lifetime value models, unconstrained loss modeling, and advanced risk tiering.
Essential Duties and Responsibilities
- Help develop pricing, creating pricing memos, and monitoring pricing assumption.
- Collaborate with the entire business to develop and operationalize unique commercial pricing strategies
- Bring cutting-edge technologies to rate analysis and implementation including the use of AI/ML modeling
- Maintain a strong, resilient, profitable, and competitive book of business across all our product lines
- Set up and manage a recurring process to ensure all pricing is updated as frequently as needed
- Report key metrics to the management team – Discount levels, lowest margin areas, working closely with Commercial team
- Develops high quality projection models that incorporate highly complex financial and operational data to support pricing strategy and decision making
- Produces high quality reporting and analysis to management, as well as ad hoc analyses and reports as directed
- Tracks industry trends to ensure that Teladoc is positioned as the leader in developing and executing innovative commercial packages
- Develops and presents materials that clearly articulate pricing strategy to internal and external stakeholders
- Assesses current technical pricing capabilities and expands use to drive better pricing decision frameworks for new and renewal business.
- Coordinates with finance on projected financial impacts of pricing segmentation and project implementation.
- Partners with Finance in the analysis and vetting of new opportunities and market expansion.
- Work with various stakeholders to understand the value proposition of the different products and develop value-based pricing models.
Supervisory Responsibilities
No
Qualifications Expected for Position
- 2-5 years of experience in pricing roles in healthcare and preferably in digital health organizations. Prefer experience with underwriting, client risk, and performance guarantees
- Foundational knowledge of Pricing, Market Segmentation, and/or Marketing Research
- Project Management experience preferred
- Excellent analytical and problem-solving skills
- Strong communication and interpersonal skills with the ability to build strong relationships with key stakeholders
- Ability to work collaboratively with cross-functional teams and manage multiple projects simultaneously
- Strong business acumen and understanding of the healthcare industry
The base salary range for this position is $70,000 – $110,000. In addition to a base salary, this position is eligible for a performance bonus and benefits