Contract Strategy & Business Engagement Manager
Abbott
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.
Abbott is a global healthcare leader, creating breakthrough science to improve people’s health. We’re always looking towards the future, anticipating changes in medical science and technology.
**Working at Abbott**
At Abbott, you can do work that matters, grow, and learn, care for yourself and family, be your true self and live a full life. You’ll also have access to:
+ Career development with an international company where you can grow the career you dream of.
+ Employees can qualify for free medical coverage in our Health Investment Plan (HIP) PPO medical plan in the next calendar year.
+ An excellent retirement savings plan with high employer contribution
+ Tuition reimbursement, the Freedom 2 Save (https://www.abbott.com/corpnewsroom/strategy-and-strength/tackling-student-debt-for-our-employees.html) student debt program and FreeU (https://www.abbott.com/corpnewsroom/strategy-and-strength/college-degree-for-free-its-possible-with-freeu.html) education benefit - an affordable and convenient path to getting a bachelor’s degree.
+ A company recognized as a great place to work in dozens of countries around the world and named one of the most admired companies in the world by Fortune.
**The Opportunity**
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices,nutritionals and branded generic medicines. Our 114,000 colleagues serve people in more than 160 countries.For years, Abbott's medical device businesses have offered technologies that are faster, more effective, and less invasive.Whether it's glucose monitoring systems, innovative therapies for treating heart disease, or products that help people with chronic pain or movement disorders, our medical device technologies are designed to help people live their lives better and healthier. Every day, our technologies help more than 10,000 people have healthier hearts, improve quality of life for thousands of people living with chronic pain and movement disorders, and liberate more than 500,000 people with diabetes from routine fingersticks.
Our team in **Austin, TX (or Alpharetta, GA)** is looking for a **Contract Strategy & Business Engagement Manager** **.**
This person will spearhead the development, execution, and optimization of contract pricing strategies for all Cardiovascular contracting businesses. This role entails shaping and deploying innovative pricing frameworks, ensuring compliance with legal and organizational standards, and driving operational excellence through governance and continuous improvements. The ideal candidate will act as a pivotal liaison across internal teams and external partners to foster collaboration, achieve financial objectives, and uphold market competitiveness.
**What You’ll Work On**
+ Spearheads the evaluation, development, and execution of contract pricing strategies across all Cardiovascular business units, ensuring alignment from requirement definition through deployment, including comprehensive timeline and implementation plans as well as risk mitigation measures.
+ Collaborate with Cardiovascular business units to devise channel strategies and provide financial modeling for brand strategies while consulting with Legal and OEC to mitigate risks.
+ Collaborates with Cardiovascular business units to develop and refine channel strategies, including educating internal stakeholders, serving as a liaison for Enterprise Accounts, and consulting with Legal and OEC to ensure contracts comply with legal requirements and mitigate undue risk or exposure.
+ Assess contracting strategies for feasibility, ensuring they are executable within existing processes, systems, and resources.
+ Establish robust quality controls and governance frameworks to adhere to pricing policies and business obligations.
+ Manage the execution and communication aspects of Enterprise Account’s pricing and contract pricing strategies, including supporting the preparation of materials for pricing committee meetings, hosting pricing committee calls, communicating pricing and access strategy to senior leaders, modifying, distributing, and documenting approvals.
+ Collects and analyzes data on contracting pricing strategy efficiencies to identify opportunities for improvement, and drives continuous enhancements in pricing and contracting processes, tools, and methodologies to boost efficiency, effectiveness, and scalability, ensuring support for long-term business growth.
+ Ensure strict compliance with Medicaid, Medicare, and other relevant regulatory programs, and provide guidance on legislative developments affecting government contracting.
+ Builds and nurtures strong relationships with internal stakeholders and external partners, ensuring seamless communication of pricing strategies, valuable insights, and actionable recommendations.
+ Develops annual pricing guidelines to align with strategic objectives and ensures strict adherence to approved contract pricing strategies.
+ Conducts in-depth analyses to formulate optimal product pricing strategies, taking into account costs, competitive positioning, regulations, and market conditions.
+ As required, attend Field Sales and other company meetings, industry conferences, and customer meetings to stay current on the competitive environment.
+ Execute additional responsibilities as needed to support organizational goals.
**EDUCATION AND EXPERIENCE YOU’LL BRING**
+ Bachelors Degree In Finance, Healthcare Administration,Business Or
+ Masters Degree In a relevant field preferred
+ Minimum 10 years experience preferably with a concentration in Contracting, Pricing, and/or Government Pricing
+ The incumbent must be able to evaluate the key issues surrounding team responsibilities, perform business impact, and implement the required solutions. Must have advanced financial analytical skills, including “bringing the numbers to life”.
+ Incumbent must have excellent oral and written communication skills as job responsibilities include communicating with and presenting to various levels of management within Abbott.
+ The position requires an individual that can work well under pressure, consistently meet deadlines and direct activities on several projects at one time. Incumbent will have to function independently and must provide the leadership required to initiate change and drive business forward to reach end business goals.
+ Ability to respond to change and to continually reprioritize to satisfy demands of rapidly changing environment. A solid understanding of the Medicaid laws, Medicaid/Medicare
+ Fraud & Abuse statutes, Anti-Trust Laws, and Abbott’s Corporate Compliance Program is necessary.
+ Strong data and financial modeling, and analytical skills required. Excel, Word and PowerPoint proficiency mandatory
+ Strong knowledge and understanding of revenue management system functionality (i.e. Model N, Revitas, etc.)
+ Proven track record of successful leadership, management, coaching/mentoring of teams and individuals, and talent development
+ Preferred
+ Knowledge of healthcare regulations, compliance issues, ambulatory surgical center management and operations.
+ Ability to thrive in a collaborative and dynamic environment.
+ Strong organizational, project management, sophisticated communication skills with the ability to create impactful presentations.
Apply Now (https://www.jobs.abbott/us/en)
**Learn more about our health and wellness benefits, which provide the security to help you and your family live full lives:** www.abbottbenefits.com (http://www.abbottbenefits.com/pages/candidate.aspx)
Follow your career aspirations to Abbott for diverse opportunities with a company that can help you build your future and live your best life. Abbott is an Equal Opportunity Employer, committed to employee diversity.
Connect with us at www.abbott.com , on Facebook at www.facebook.com/Abbott and on Twitter @AbbottNews and @AbbottGlobal
The base pay for this position is $111,300.00 – $222,700.00. In specific locations, the pay range may vary from the range posted.
An Equal Opportunity Employer
Abbot welcomes and encourages diversity in our workforce.
We provide reasonable accommodation to qualified individuals with disabilities.
To request accommodation, please call 224-667-4913 or email corpjat@abbott.com
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