Position Summary...

What you'll do...

This position will have two distinct functions: (1) Pharmacy Clinical Services payer contracting, and (2) Vendor management, complex initiative reporting and enrollment process management.

Pharmacy Clinical Services payer contracting responsibilities will include:

You will establish and manage relationships with medical and pharmacy benefit plans as well as lead contracting efforts for Pharmacy Clinical Services, ensuring that the organization secures favorable payer contracts. This role will involve developing collaborative relationships with key internal and external stakeholders, negotiating pricing and contract terms, adhering to the Pharmacy Clinical Services strategic playbook, and working with the Operations Committee to gain internal alignment and ensure smooth contract deployment. This role will be also responsible for staying informed on regulatory changes and ensuring compliance with regulatory requirements.

Candidate requirements:

• Strong understanding of the expanded scope of pharmacists' practice

• Deep knowledge of the payer landscape across all lines of business

• Expertise in reviewing and negotiating payer contracts

• Excellent communication skills and adept at managing relationships

• Skill in analyzing market trends and establish mutually beneficial agreements with payers

• Capability to manage multiple projects and reporting initiatives by collaborating with the sourcing director

• Ability to successfully address contracting issues as they arise

• Proficiency in effectively communicate updates and results to the director and senior leadership

Additional functions of this role will include:

• P romoting and supporting company policies, procedures, mission, values, and standards of ethics and integrity by training and providing direction to team members. Utilizing and supporting the Open Door Policy.

• Adhering to contracting guardrails, developing solutions based on financial modeling to drive cost savings and efficiencies, and proposing recommendations to the sourcing director. You will work closely with internal teams to develop business cases for new or enhanced payer relationships for Pharmacy Clinical Services.

• Ensuring business needs are met by evaluating the ongoing effectiveness of contracting plans, programs, and initiatives. This position will be expected to consult with business partners, managers, co-workers, and other key stakeholders to evaluate and implement recommended improvements for increasing efficiency and cost-effectiveness.

You will provide strategic direction by:

• Assessing business objectives and customer needs

• Developing, communicating, garnering support for, and executing business strategies, plans, and practices

• Analyzing costs and forecasts and incorporating them into business plans

• Evaluating operational processes

• Measuring outcomes to ensure desired results

• Identifying and capitalizing on improvement opportunities

• Promoting a customer-centric environment

• Demonstrating adaptability and sponsoring continuous learning

Vendor management, complex initiative reporting and enrollment process management functions are outlined below:

Oversees the vendor selection process to support the development of the reporting strategy by

• working with sourcing managers to determine project requirements

• creating cost models of different contract variables to assist with vendor negotiation

• generating various scenarios to determine business benefits

• assessing range of negotiation outcomes

• assisting in the negotiations of vendor data terms

• executing defined negotiation strategies to ensure business needs are met and strategies are aligned and monitoring vendor performance to ensure compliance with expectations.

Manages multiple complex reporting project initiatives by

• working with sourcing managers to determine resource constraints

• assisting in the review and revision of existing reporting metric standards

• assisting with the incorporation of industry and company standards, reporting innovations, and best practices for demonstrating program value into reporting process

• assisting with the development of localized reports to incorporate various types of data

• ensuring proper process documentation for data comparisons by region

• managing reporting strategy cadence based on events and audience

• addressing issues as they arise and communicating updates and results to senior management.

Directs a segment of the healthcare contracting and enrollment process and execution by

• reviewing multiple complex and subjective key performance indicators

• identifying trends and forecasting potential scenarios impacting business continuity, sales, and timeliness of enrollment

• managing inconsistent, competing, and shifting deadlines with layered due dates

• overseeing the management of the information influx from multiple channels

• influencing and collaborating with other stakeholders within the company

• managing multiple complex regulatory projects in emerging markets and establishing metrics for measuring enrollment compliance.

Directs continuous improvement in vendor management and analyzes travel spending patterns for assigned category by

• partnering with sourcing managers to develop sourcing plans

• determining vendor implications based on strategy and initiatives

• researching industry trends

• benchmarking with industry leaders and competitors

• utilizing product expertise to recognize industry trends and innovations

• analyzing existing contracts and capabilities to determine areas of opportunity

• developing solutions based on financial modeling to drive cost savings and efficiencies

• making recommendations to sourcing managers

• working with internal teams to develop business cases for new or enhanced vendor relationships

• working with vendors to identify and promote service and product improvements and participating in the development of recommendations for changes to vendor agreements.

Manages strategic initiatives related to strategic programs to drive new sales and market share by

• evaluating short and long-term return on investments in sales and profitability

• analyzing current data and forecasts and assisting in developing and implementing appropriate action plans to achieve financial goals or initiatives

Drives the execution of multiple business plans and projects by

• identifying customer and operational needs

• developing and communicating business plans and priorities

• removing barriers and obstacles that impact performance

• providing resources; identifying performance standards

• measuring progress and adjusting performance accordingly

• developing contingency plans and demonstrating adaptability and supporting continuous learning.

Provides supervision and development opportunities for associates by

• selecting and training, mentoring, assigning duties, building a team-based work environment

• establishing performance expectations and conducting regular performance evaluations

• providing recognition and rewards

• coaching for success and improvement and ensuring diversity awareness.

Promotes and supports company policies, procedures, mission, values, and standards of ethics and integrity by

• training and providing direction to others in their use and application

• ensuring compliance with them and utilizing and supporting the Open Door Policy.

Ensures business needs are being met by

• evaluating the ongoing effectiveness of current plans, programs, and initiatives

• consulting with business partners, managers, co-workers, or other key stakeholders

• soliciting, evaluating, and applying suggestions for improving efficiency and cost-effectiveness; and participating in and supporting community outreach events.

#LI-MF4

Live our Values

Culture Champion

• Models the Walmart values to foster our culture; holds oneself and others accountable; and supports Walmart's commitment to communities, social justice, corporate social responsibility, and sustainability; maintains and promotes the highest standards of integrity, ethics and compliance.

Servant Leadership

• Acts as an altruistic servant leader and is consistently humble, self-aware, honest, and transparent.

Embrace Change

Curiosity & Courage

• Demonstrates curiosity and a growth mindset; fosters an environment that supports learning, innovation, and intelligent risk-taking; and exhibits resilience in the face of setbacks.

Digital Transformation & Change

• Seeks and implements continuous improvements and encourages the team to leverage new digital tools and ways of working.

Deliver for the Customer

Customer Focus

• Delivers expected business results while putting the customer first and consistently applying an omni-merchant mindset and the EDLP and EDLC business models to all plans.

Strategic Thinking

• Adopts a holistic perspective that considers data, analytics, customer insights, and different parts of the business when making plans and shaping the team's strategy.

Focus on our Associates

Diversity, Equity & Inclusion

• Identifies, attracts, and retains diverse and inclusive team members; builds a high-performing team; embraces diversity in all its forms; and actively supports diversity goal programs.

Collaboration & Influence

• Builds strong and trusting relationships with team members and business partners; works collaboratively and cross-functionally to achieve objectives; and communicates with energy and positivity to motivate, influence, and inspire commitment and action.

Talent Management

• Creates a discipline and focus around developing talent, promotes an environment allowing everyone to bring their best selves to work, empowers associates and partners to act in the best interest of the customer and company, and regularly recognizes others' contributions and accomplishments.

At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more.

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You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable.

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For information about PTO, see https://one.walmart.com/notices .

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Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities. Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart.

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Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms.

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For information about benefits and eligibility, see One.Walmart .

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The annual salary range for this position is $90,000.00-$180,000.00

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Additional compensation includes annual or quarterly performance bonuses.

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Additional compensation for certain positions may also include:

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• Stock

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Minimum Qualifications...

Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.

Minimum Qualifications: Bachelor's degree in Business, Accounting, Economics, or related field and 3 years' experience in procurement, strategic sourcing, contract management, or related area OR 5 years' experience in procurement, strategic sourcing, contract management, or related area.

Preferred Qualifications...

Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.

Insurance, Medicare, Medicade, or other government funded health care program, Supervising Associates, Walmart Health and Wellness, Working in or with Pharmacy Benefit Management

Project Management - Project Management Professional - Certification, Six Sigma Black Belt - Certification, Six Sigma Green Belt - Certification

Primary Location...

2608 Se J St, Bentonville, AR 72716-3724, United States of America

Walmart, Inc. is an Equal Opportunity Employer- By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.