Principal Reimbursement Analyst
Principal Reimbursement Analyst

Principal Reimbursement Analyst

Watford Full-Time 48000 - 72000 £ / year (est.) No home office possible
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Medtronic

At a Glance

  • Tasks: Lead reimbursement strategies for innovative cardiovascular technologies in a dynamic healthcare environment.
  • Company: Join Medtronic, a global leader in medical technology dedicated to improving healthcare access and equity.
  • Benefits: Enjoy competitive salary, flexible benefits, and a supportive work culture that values your contributions.
  • Why this job: Make a real impact in healthcare while collaborating with passionate professionals in a mission-driven company.
  • Qualifications: 5+ years in reimbursement or health economics; degree in relevant fields required.
  • Other info: Remote work available with travel up to 30% across Western and Central Europe.

The predicted salary is between 48000 - 72000 £ per year.

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

Would you like to work for a rapidly growing international healthcare company? Bring your talents to an industry leader in medical technology and healthcare solutions – we’re a market leader and growing every day. You have a great opportunity as an experienced professional from the medical device market to gain greater independence in your work and join a truly dedicated global team.

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

Would you like to work for a rapidly growing international healthcare company? Bring your talents to an industry leader in medical technology and healthcare solutions – we’re a market leader and growing every day. You have a great opportunity as an experienced professional from the medical device market to gain greater independence in your work and join a truly dedicated global team.

We are looking for Principal Reimbursement Analyst who will drive the development and execution of Reimbursement and Health Economic strategies to secure reimbursement and funding for the Cardiovascular Diagnostics & Services (CDS) Business Unit in the EMEA region. You will collaborate very closely with the internal Health Economics, Policy and Reimbursement (HEPR), sales and marketing teams in the European countries to develop customer value propositions and business cases and advance the evidence strategy in collaboration with the global and country teams.
This role is open to the whole Western and Central Europe countries. You will work remotely with the travel to WE up to 30%, depending on business demand.

Responsibilities may include the following and other duties may be assigned:

  • Support local funding for our technology through supporting local business cases with economic value tools and evidence. This will include developing tailored economic value messages together with the sales team and training the team to use the economic tools. To do so, you will develop a comprehensive knowledge of the CDS operating unit (OU’s) technologies, value propositions and evidence, and use your specialist knowledge of health economic and outcomes research (HEOR) methodologies and MedTech reimbursement practices
  • Optimize Health Technology Assessments, reimbursement applications, Diagnosis-Related Groups funding mechanisms and other budget-related processe
  • Be an internal expert on, and maintain informative documentation about, the current reimbursement status of these products, including the risks and opportunities relevant for business and project planning
  • Lead or provide input to evidence development plans befitting these cardiovascular diagnostic technologies and remote monitoring services, including input to clinical study design, measurement of healthcare utilization and quality of life, and analysis of healthcare administrative datasets or registries
  • Provide technology-specific and general reimbursement and health economic education and training. An important part of this role is to drive the upskilling and support for Sales Representatives and Market Development Specialists on health system and economic value propositions targeted for non-clinical audiences, in collaboration with the Marketing organization
  • Represent the Reimbursement and Health Economics function at external meetings, either on behalf of the CDS OU or the broader Medtronic organization.

Required Knowledge and Experience:

  • At least 5 years’ experience in reimbursement, health economics or market access
  • Degree in Economics, Health Economics or Bioscience (including Medicine, Pharmacy, Biostatistics)
  • Track record of successful reimbursement and funding achievements for medical technologies (pharma or devices)
  • Knowledge of epidemiology, clinical study design and analysis of healthcare administrative databases including analysis, interpretation and reporting
  • Leadership & Collaboration: The individual carries out his/her responsibilities within a framework of multi-disciplinary teams, including critically important collaboration with in-country RBT/HE staff and adjacent functions such as clinical research, marketing, pricing, training & education, medical programs and governmental/public affairs. The scope of activity is broad and requires strong skills in advocacy, being proactive, prioritization and project management
  • Value Proposition: Use your skills and experience to develop and deliver strong value propositions aligned to hospital funding decision makers priorities and policies. Awareness of Value Based Healthcare is preferred
  • Results–Oriented & High Attention to Detail: Achieve goals and deliver outcomes with a strong sense of accountability and quality orientation.

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.

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.

About Medtronic

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 95,000+ 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

About the company

Notice

Talentify is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or protected veteran status.

Talentify provides reasonable accommodations to qualified applicants with disabilities, including disabled veterans. Request assistance at accessibility@talentify.io or 407-000-0000.

Federal law requires every new hire to complete Form I-9 and present proof of identity and U.S. work eligibility.

An Automated Employment Decision Tool (AEDT) will score your job-related skills and responses. Bias-audit & data-use details: www.talentify.io/bias-audit-report . NYC applicants may request an alternative process or accommodation at aedt@talentify.io or 407-000-0000.

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Principal Reimbursement Analyst employer: Medtronic

At Medtronic, we pride ourselves on being a leading international healthcare company that champions innovation and access to quality healthcare. Our supportive work culture fosters collaboration and professional growth, offering employees the chance to make a meaningful impact in the medical technology field while enjoying a competitive salary and flexible benefits. Join us in our mission to alleviate pain and restore health, and be part of a dedicated global team that values your contributions and encourages your career development.
Medtronic

Contact Detail:

Medtronic Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Principal Reimbursement Analyst

✨Tip Number 1

Familiarise yourself with Medtronic's products and their value propositions. Understanding the specific technologies within the Cardiovascular Diagnostics & Services (CDS) Business Unit will help you articulate how you can contribute to their reimbursement strategies.

✨Tip Number 2

Network with professionals in the health economics and reimbursement field, especially those who have experience with medical devices. Engaging with industry peers can provide insights into best practices and may even lead to referrals.

✨Tip Number 3

Stay updated on the latest trends in health technology assessments and reimbursement policies across Europe. This knowledge will not only enhance your discussions during interviews but also demonstrate your commitment to the role.

✨Tip Number 4

Prepare to discuss your previous successes in securing funding for medical technologies. Be ready to share specific examples of how you've developed economic value messages or collaborated with sales teams to achieve reimbursement goals.

We think you need these skills to ace Principal Reimbursement Analyst

Health Economics Expertise
Reimbursement Strategy Development
Market Access Knowledge
Clinical Study Design
Data Analysis and Interpretation
Healthcare Administrative Database Analysis
Value-Based Healthcare Awareness
Project Management Skills
Collaboration and Teamwork
Advocacy Skills
Attention to Detail
Communication Skills
Training and Education Delivery
Problem-Solving Skills

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Principal Reimbursement Analyst position. Tailor your application to highlight relevant experience in reimbursement, health economics, or market access.

Highlight Relevant Experience: In your CV and cover letter, emphasise your 5+ years of experience in reimbursement or health economics. Provide specific examples of successful reimbursement achievements for medical technologies to demonstrate your expertise.

Showcase Your Skills: Mention your skills in advocacy, project management, and collaboration within multi-disciplinary teams. Highlight any experience you have with Health Technology Assessments and budget-related processes, as these are crucial for the role.

Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for healthcare access and equity. Discuss how your values align with Medtronic's mission and how you can contribute to their goals.

How to prepare for a job interview at Medtronic

✨Understand the Role Thoroughly

Before your interview, make sure you have a deep understanding of the Principal Reimbursement Analyst role. Familiarise yourself with Medtronic's products, especially in the Cardiovascular Diagnostics & Services area, and be ready to discuss how your experience aligns with their needs.

✨Showcase Your Health Economics Knowledge

Given the focus on health economics and reimbursement strategies, be prepared to discuss your previous experiences in these areas. Highlight any successful projects you've led or contributed to, particularly those that involved economic value tools or health technology assessments.

✨Demonstrate Collaboration Skills

This role requires working closely with various teams, so be ready to provide examples of how you've successfully collaborated in multidisciplinary environments. Discuss how you’ve built relationships with sales, marketing, and clinical teams to achieve common goals.

✨Prepare for Scenario-Based Questions

Expect scenario-based questions that assess your problem-solving skills and ability to navigate complex reimbursement landscapes. Think of specific challenges you've faced in past roles and how you overcame them, particularly in relation to funding and economic messaging.

Principal Reimbursement Analyst
Medtronic
Location: Watford
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