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Pharmaceutical Value Analyst, Clinical Services

2 months ago

Mississauga, Ontario, Canada The Cigna Group Full time
About the Role

We are seeking a highly skilled Pharmacoeconomic Strategist to join our Clinical Services team at The Cigna Group. As a key member of our team, you will play a pivotal role in providing pharmacoeconomic expertise to optimize pharmacy benefit management products from both clinical and economic perspectives.

Key Responsibilities
  • Design and Implement Pharmacoeconomic Analyses: Develop and execute pharmacoeconomic analyses and analytic plans, including cost-effectiveness analyses and multi-criteria decision analyses, to inform decision-making and optimize pharmacy benefit management products.
  • Contribute to Strategic Objectives: Participate in the development and achievement of strategic and research objectives as they relate to pharmaceutical spending and associated value-based efforts.
  • Perform Budget Impact Analyses: Conduct or critically appraise budget impact analyses on new and marketed pharmaceutical products to inform decision-making and optimize pharmacy benefit management products.
  • Develop and Maintain Pharmacoeconomic Models: Develop and maintain pharmacoeconomic models and analyze claims data to generate meaningful insights and inform decision-making.
  • Lead Value Assessment Committee: Direct the activities of a value assessment committee, leading meetings, gathering information, analyzing data, presenting materials, and creating and maintaining processes.
  • Collaborate with Colleagues: Collaborate with colleagues to review, evaluate, and prioritize pharmaceutical products for inclusion in formularies and/or benefit management programs.
  • Monitor Market Trends: Monitor market trends, drug pricing, and healthcare policies to assess potential impact on PBM cost containment strategies.
  • Develop Tools and Mechanisms: Assist in the design and development of tools and mechanisms to document the outcomes and value associated with pharmacoeconomic activities.
  • Provide Analytical Support: Provide analyses related to pharmaceutical value-based efforts in collaboration with and to cross-functional teams.
  • Participate in Client Meetings: Participate in and attend client meetings as required.
  • Contribute to Program Planning: Participate in program planning, strategic planning, and business development activities.
Requirements
  • Advanced Degree: Advanced degree in Health Economics, Pharmacoeconomics, or a related field is required.
  • Experience: 5+ years of experience in conducting pharmacoeconomic analyses within the pharmaceutical industry, healthcare consulting, or at a PBM is required.
  • Skills: Strong analytical skills with various pharmacoeconomic methodologies, including proficiency in data analytics, familiarity with health technology assessment (HTA) processes and guidelines, excellent written and verbal communication skills, and ability to collaborate effectively in a team environment.