Director, Payer Solutions

Director, Payer Solutions

At Solventum, we enable better, smarter, safer healthcare to improve lives. As a new company with a long legacy of creating breakthrough solutions for our customers' toughest challenges, we pioneer game-changing innovations at the intersection of health, material and data science that change patients' lives for the better while enabling healthcare professionals to perform at their best. Because people, and their wellbeing, are at the heart of every scientific advancement we pursue.

We partner closely with the brightest minds in healthcare to ensure that every solution we create melds the latest technology with compassion and empathy. Because at Solventum, we never stop solving for you.

The Impact You'll Make in this Role This role is responsible for overseeing the P/L for the Payer Solutions suite as well as overseeing the payer sales/business development/market across all HIS solutions. The leader oversees payer channel, product, consulting team, client engagement, account management, and commercialization efforts to drive revenue growth, successful implementations, strong product performance, and market expansion across payers (commercial, Medicaid, Medicare, marketplace). Current solutions focus on platforms and consulting addressing advanced healthcare payment models, value-based care models, and population severity adjustment. The Director oversees payer-facing strategy and operations, health plan relationship management and contracting, and cross-functional teams supporting payer product, consulting, and engagement.

As a(n) Director, Payer Solutions you will have the opportunity to tap into your curiosity and collaborate with some of the most innovative and diverse people around the world. Here, you will make an impact by:

• Drive revenue growth, implementation success, product performance, client impact and market expansion with payers.
• Responsible for profit and loss (P&L) performance for payer business; lead payer business operations, strategy, and innovation
• Drive product innovation and ensure meaningful client impact advancing patient safety, efficiency, improved access and outcomes
• Manage payer product, consulting, and engagement teams.
• Oversee health plan client relationship and account management, including contracting negotiations, renewals, and related policy considerations.
• Provide people leadership through coaching, performance management, training, and development for assigned employees.
• May involve supporting international arrangements

Your Skills and Expertise

To set you up for success in this role from day one, Solventum requires (at a minimum) the following qualifications:

• Bachelor's degree or higher from an accredited university.

AND

In addition to the above requirements, the following are also required:

• 7+ years of experience managing a P/L in health care software or services company with demonstrated history of driving growth
• 5+ years overseeing sales or business development team
• 5+ years of experience with advanced payment model design/implementation and/or value-based care design
• 5+ years of managing functionally diverse teams with greater than 20 FTEs
• Ability to travel up to 50%.

Additional qualifications that could help you succeed even further in this role include:

• MBA, PhD, MD, MPH or other advanced degree in healthcare, public health, business, or a related field from an accredited university.
• Evidence of extensive thought leadership
• Experience as a healthcare consultant or overseeing a payer healthcare consulting team

Work location: Remote

Travel: travel up to 50%.

Relocation Assistance: Is not authorized

Must be legally authorized to work in country of employment without sponsorship for employment visa status (e.g., H1B status).

Supporting Your Well-being

Solventum offers many programs to help you live your best life both physically and financially. To ensure competitive pay and benefits, Solventum regularly benchmarks with other companies that are comparable in size and scope.

Onboarding Requirement: To improve the onboarding experience, you will have an opportunity to meet with your manager and other new employees as part of the Solventum new employee orientation. As a result, new employees hired for this position will be required to travel to a designated company location for on-site onboarding during their initial days of employment. Travel arrangements and related expenses will be coordinated and paid for by the company in accordance with its travel policy. Applies to new hires with a start date of October 1st 2025 or later. Applicable to US Applicants Only:The expected compensation range for this position is $211,600 - $290,950, which includes base pay plus variable incentive pay, if eligible. This range represents a good faith estimate for this position. The specific compensation offered to a candidate may vary based on factors including, but not limited to, the candidate's relevant knowledge, training, skills, work location, and/or experience. In addition, this position may be eligible for a range of benefits (e.g., Medical, Dental & Vision, Health Savings Accounts, Health Care & Dependent Care Flexible Spending Accounts, Disability Benefits, Life Insurance, Voluntary Benefits, Paid Absences and Retirement Benefits, etc.). Additional information is available at:

Responsibilities of this position include that corporate policies, procedures and security standards are complied with while performing assigned duties.

Solventum is committed to maintaining the highest standards of integrity and professionalism in our recruitment process. Applicants must remain alert to fraudulent job postings and recruitment schemes that falsely claim to represent Solventum and seek to exploit job seekers.

Please note that all email communications from Solventum regarding job opportunities with the company will be from an email with a domain of @solventum.com. Be wary of unsolicited emails or messages regarding Solventum job opportunities from emails with other email domains.

Please note, Solventum does not expect candidates in this position to perform work in the unincorporated areas of Los Angeles County.Solventum is an equal opportunity employer. Solventum will not discriminate against any applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, or veteran status.

Please note: your application may not be considered if you do not provide your education and work history, either by: 1) uploading a resume, or 2) entering the information into the application fields directly.

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