Blue Shield of California

Product Strategist, Principal - ASO Pharmacy Buy Ups

Blue Shield of California  •  Long Beach, CA (Hybrid)  •  25 days ago
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Job Description

Your Role

The Pharmacy Product Strategist, Principal, reporting to the Director Self-Funded & Buy-Ups, is responsible for creating, scaling, and optimizing pharmacy products that drive incremental revenue, employer growth, and pharmacy penetration in the self-funded employer market. This role is responsible for creating a multi-year product roadmap and launching new pharmacy programs offerings. The Pharmacy Product Strategist, Principal will work cross-departmentally with Sales, Underwriting/Actuarial, Clinical Pharmacy, and Operations to ensure programs align with the enterprise strategic vision, Line of Business goals, and meet the needs of our clients and members.

Our leadership model is about developing great leaders at all levels and creating opportunities for our people to grow – personally, professionally, and financially. We are looking for leaders that are energized by creative and critical thinking, building and sustaining high-performing teams, getting results the right way, and fostering continuous learning.

Your Work

In this role, you will:

  • Develop pharmacy program strategy to grow and retain pharmacy membership
  • Develop and maintain a dynamic 3-to-5-year pharmacy product roadmap
  • Identify and develop new revenue-producing pharmacy products, riders, and buy-up options, including differentiated pharmacy models by employer segment
  • Lead cross-functional workgroups for complex pharmacy product implementations
  • Develop business cases with pharmacy revenue and growth projections
  • Translate market needs into commercially attractive pharmacy value propositions that balance cost control, transparency, and member experience
  • Own end-to-end pharmacy product lifecycle, from concept and business case through launch, performance monitoring, and optimization
  • Continuously refine pharmacy products based on performance, employer feedback, market signals, and financial results

Your Knowledge and Experience

  • Requires a bachelor’s degree in Business, Finance, Economics, Public Health, or similar fields or equivalent experience; master's degree preferred
  • Requires a minimum of 10 years of relevant experience in Product Management, Management Consulting, or a similar function, ideally within a Health Plan or Pharmacy Benefit Manager (PBM)
  • Requires expert knowledge of product management and strategic planning principles
  • Prior experience in pharmacy benefit strategy and solutions development with understanding of pharmacy levers and marketplace requirements preferred
  • Strong business acumen with proven experience in strategy development and planning
  • Excellent presentation, verbal and written skills with ability to understand and convey complex ideas to audience with diverse backgrounds
  • Ability to build effective relationships across the organization in a matrixed environment and externally, with vendors and business partners
  • Strong quantitative and analytical skills that help drive data driven decisions strongly preferred
  • Demonstrated experience of successfully developing and launching healthcare products or services strongly preferred

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Hybrid

This role requires employees to be in-office based on our hybrid workplace model, balancing purposeful in-person collaboration with flexibility. For most teams, this means coming into the office two days each week.

Employees living more than 50 miles from an office location will work with their manager to determine in-office time based on business need.

Blue Shield of California

About Blue Shield of California

Blue Shield of California strives to create a healthcare system worthy of its family and friends that is sustainably affordable. The health plan is a tax paying, nonprofit, independent member of the Blue Shield Association with nearly 6 million members, over 7,500 employees and more than $25 billion in annual revenue.

Founded in 1939 in San Francisco and now headquartered in Oakland, Blue Shield of California and its affiliates provide health, dental, vision, Medicaid and Medicare healthcare service plans in California. The company has contributed more than $60 million to Blue Shield of California Foundation in the last three years to have an impact on California communities.

For more news about Blue Shield of California, please visit news.blueshieldca.com.

Industry
Finance & Insurance
Company Size
5,001-10,000 employees
Headquarters
Oakland, California
Year Founded
1939
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