Principal Product Strategy

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🥔 Idaho – Remote

🥔 Idaho – Remote

💵 $132.8k - $166k / year

⏰ Full Time

🔴 Lead

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Navitus Health Solutions

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 2003

⚕️ Healthcare Insurance

💊 Pharmaceuticals

🤝 B2B

Healthcare Insurance • Pharmaceuticals • B2B

Navitus Health Solutions is a pharmacy benefit manager (PBM) that provides transparent, people-centered pharmacy benefit solutions to health plans, employers, government programs and other plan sponsors. The company operates a 100% pass-through, cost-plus model that emphasizes lowering medication costs, managing formularies, specialty drug management (including a cost-plus specialty pharmacy), claims adjudication, pharmacy network management, and member enablement and support services. Navitus positions itself as a fiduciary partner focused on affordability, compliance, clinical quality and improving health outcomes through tailored PBM services and digital health integrations.

📋 Description

• Lead the development and implementation of data-backed product strategies and roadmaps that bolster the company product offering across market segments and align to corporate objectives while creating market differentiation. • Build consensus, deploy, and manage best practices for product development, ensuring solutions are recognized as innovative, user-centric, and informed by quantified market insights. • Leverage change management principles applicable to product rollouts, including communication planning, stakeholder alignment, and impact assessments. • Oversee the product portfolio and develop product roadmaps to ensure alignment with strategic priorities, resource allocation, and return on investment (ROI). • Serve as a critical point of orchestration, working in partnership with cross functional stakeholders to inform ideation and validation to launch, refinement, and sunset. • Ensure timely and high-quality go-to-market execution by facilitating delivery of standard tools and practices for successful adoption and execution. • Conduct formal and/or informal market research and competitive analysis to identify trends and inform product strategy decisions. • Stay abreast of and understand industry, marketplace, and legal developments and their impact on the business. • Will translate current and emerging market needs into product expansion, enhancement, and/or new product concepts/business cases. • Advocate for the voice of the customer throughout the product lifecycle. • Lead and/or influence stakeholder feedback sessions and support synthesized insights toward market-informed product initiatives. • Develop product roadmaps based on the product vision and market research. The roadmap will outline the strategic direction of the product, including feature prioritization, release timelines, and critical milestones. • Nurture cross-functional understanding and buy-in to product governance frameworks to ensure process compliance, decision and output quality, and repeatability. • Partner with individual managers assigned to products, projects, and solutions to ensure resourcing support needed to succeed. • Demonstrate influence across the product lifecycle and establish credibility throughout the organization and with the Executive Team as an effective developer of strategic planning and execution of strategic solutioning. • Define, track, analyze and report key performance indicators (KPIs) to measure the success and impact of product strategies. • Maintain ongoing pulse of functions and communications throughout the organization as a “hub” to successful delivery of key tactics to support the strategy. • Act as the primary point of contact to resolve project/product resource constraint and major program issues. • Plan and execute product launches and go to market strategies, including pricing models, bundling, messaging, and positioning strategies. • Ensure the product is effectively launched in the market and meets the target audience’s needs. • Develop clear recommendations supported by structured problem solving, financial rationale, and trade off analysis (such as build vs. buy) delivered through executive level presentations. • Other duties as assigned.

🎯 Requirements

• Bachelor’s degree in business, marketing, healthcare, or closely related field, or equivalent work experience, required. • MBA preferred. • 7+ years of experience in product management, strategy, or related field required. • 5+ years of indirect influence, coaching, mentoring, and/or management experience required. • 5+ years of experience in health plan, PBM, pharmaceutical, TPA, health tech, healthcare delivery, or health care industry preferred. • Experience and expertise in new product development, end-to-end product lifecycle management, project management, marketing, sales, and/or strategic planning required. • Proven track record of tangible success, including leadership and team collaboration/ relationship-building/management in a health care or related environment required. • Strategy consulting experience (professional services or internal strategy), product development, private equity, banking, corporate finance, corporate strategy, or equivalent experiences preferred. • Familiarity with digital product development methodologies (Agile, iterative delivery, roadmap planning), even if not a technical product owner, preferred. • Experience working with and communicating across multiple organization levels, including executive level required. • Demonstrated experience in operating in ambiguity, proactively identifying issues, framing options, adapting or pivoting as needed, and recommending paths forward required. • Participate in, adhere to, and support compliance program objectives.

🏖️ Benefits

• Top of the industry benefits for Health, Dental, and Vision insurance • 20 days paid time off • 4 weeks paid parental leave • 9 paid holidays • 401K company match of up to 5% - No vesting requirement • Adoption Assistance Program • Flexible Spending Account • Educational Assistance Plan and Professional Membership assistance • Referral Bonus Program – up to $750!