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.
A Day in the Life
As Senior Principal, Health Economics and Outcomes Research (HEOR), you will be a member of the Corporate Global Health Economics, Policy, and Reimbursement (HEPR) team and an integral member of the HEOR Center of Excellence (COE). The HEPR function strives to ensure patients have timely and equitable access to Medtronic innovations by shaping healthcare policy, securing reimbursement, and demonstrating the value of our products. These activities are supported, in part, by robust HEOR evidence. A critical component of the HEOR COE is driving functional excellence research and analysis to inform health policy and reimbursement strategy, evaluate emerging payment and delivery reform proposals, and support operating units and regional teams evidence generation priorities. The Senior Principal will server as a subject matter expert in observational study methods and real-world data sources (e.g. administrative claims, electronic health records, registries) in the HEOR COE. This position reports to Vice President, HEOR and Market Access Analytics within the Corporate Global Health Economics, Policy and Reimbursement team.
The Senior Principal, HEOR will be a partner to Medtronic’s operating units (OU) and regional HEPR teams and responsible for providing strategic and methodological expertise to support the design and execution of health economic and outcomes research studies, with a specific focus area on studies involving observational methods. The Senior Principal will also collaborate with the Corporate HEPR team to develop and implement strategic reimbursement, policy, and economic value analyses.
Role and Responsibilities:
- Design and conduct observational studies that provide robust economic value and clinical outcomes evidence required for internal business decisions, marketing, regulatory agency submissions, and reimbursement strategies.
- Prepare observational and economic research study results for dissemination via abstracts, posters, presentations, and peer-reviewed publications.
- Proactively with OUs and regions to identify data/evidence gaps for each priority product, and design HEOR strategies and research studies to fill gaps
- Work as a subject matter expert in a consultative role supporting OU and regional teams’ research strategies, statistical analysis plan development, research execution, and dissemination.
- Maintain a comprehensive understanding of US and OUS healthcare market mechanisms, payer and provider trends, health policy, medical technology, and reimbursement trends
- Direct the work of vendors and consultants to accomplish the goals of the organization with respect to data sources, research studies, and development of economic models and research studies.
- Build and continually refine an understanding of Medtronic products and brand strategies, and the value propositions supporting these strategies
- Partner across decentralized and geographically dispersed organizational structures.
- Manage projects or work streams of teams that do not report to this position.
Must Have – Minimum Qualifications:
- Bachelor's degree plus 10+ years of relevant experience (or 8+ years with an advanced degree)
Nice to Have:
- Advanced degree in Economics, Epidemiology, Mathematics, Actuarial Science, Data Science, HEOR, Health Services Research or related field
- Competency in manipulating and managing large healthcare databases (e.g. claims, EHRs) to construct analytic files for use in research studies
- Experience with a range of types of observational study designs for causal inference such as propensity score matching, entropy balancing, difference-in-difference model, instrumental variables, indirect comparisons, etc.
- Proficiency programming using statistical software (e.g. SAS, Stata, R, etc.)
- Excellent verbal and written communication skills, especially the ability to communicate complex analytical techniques in a way that is understandable by non-quantitative audiences
- Ability to work independently and collaboratively in a matrixed team environment
- Action orientated, comfortable with ambiguity, organizational and strategic agility, strong problem-solving skills, intellectual curiosity, and managing for clear vision and purpose.
- Project management experience; demonstrated consultative mindset
- SQL experience, preferably in a server environment (e.g. Oracle, MS SQL) with knowledge of database management, ETL, and experience in working with and analyzing healthcare data
- Demonstrated record of peer reviewed publications
- Vendor management
- Experience assessing data sources for fit-for-purpose for use
- Excellent data analysis skills, presentation skills, and a demonstrated ability to assess patterns, trends and behaviors within large health care claims populations
- Familiarity with prospective payment systems (e.g. DRGs, APCs), and reimbursement concepts
- Experience with HEOR for Medical Devices.
Physical Job Requirements
The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.
The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.
Benefits & Compensation
Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.
Salary ranges for U.S (excl. PR) locations (USD):$178,400.00 - $267,600.00
This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).
About Medtronic
Medtronic benefits and compensation plans
We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people.
We are engineers at heart— putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.
Learn more about our business, mission, and our commitment to diversity here.
It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.
At Medtronic, most positions are posted on our career site for 3-7 days.
