Director of Product (Real World Data)

Work Location

Work Location: This position is designated as remote. However, employees who reside within a 40-mile radius of one of our office locations in Tampa, FL; Canonsburg, PA; or Bowie, MD will follow a hybrid work schedule and are expected to work in the office two days per week (Tuesdays and Wednesdays).

Overview

The Director, Product Management will provide leadership in the development and execution of business strategy for the Company's product growth across multiple solutions/services. Contributing inputs into financial forecasts and results, the Incumbent will transform business and market strategies into solutions for problems that are urgent, pervasive and that the market will pay to solve. Incumbent will own market research and infuse thought leadership across business units and cross-functional teams throughout product development, launch, and ongoing service provision. In addition to the performance of such other services assigned or delegated by the Company, the Incumbent will communicate to key stakeholders, including the Executive Leadership Team, and will engage with customers and business partners to understand new market needs, as well as define roadmaps, product requirements, operational standards for execution and sales. The Incumbent will demonstrate technical expertise, as well as product management discipline, to bring cutting-edge solutions and assets to market, resulting in delighted customers and sustained growth.

Business Unit

Inovalon Insights

Duties And Responsibilities

• For commercially facing solutions/services, own design of a strategic, multi-year business plan and blueprint to meet the product goals around key metrics (e.g., revenue, EBIDTA).
• Facilitate a regular review/update cadence (no less than quarterly) and help ensure revenue attainment.
• Conducts research to evaluate market landscape, technologies, industry, and competitive trends.
• Engage with customers, users, internal stakeholders, and business partners to drive requirements and roadmap and product vision, while understanding the Company’s distinctive competencies.
• Own functional requirements, User Journeys, workflows and use case scenarios, prioritization of requirements, tradeoffs based on partnering with Engineering.
• Provide market-driven requirements to engineering for a long-term scalable architecture.
• Own completeness and review of all scoped requirements at the release and product portfolio level and maintenance of all requirements in Agile-development tools.
• Maintain a published roadmap outlining ideas, value, and timing of those to market, as well as the fit within the product portfolio.
• Design and/or partner on solutions and services – driving early-stage technologies, supporting design-led research, reviewing prototype development, and finalizing fit into the product portfolio.
• Support definition of contract terms and templates and ensure solution/service compliance, including data policies, during definition and early-stage phases.
• Support Solutions Marketing relative to positioning, messaging, and launch of solutions/services.
• Support Operations and Customer Support relative to execution.
• Support Sales and Customer Success, on opportunity development and closure – when complexity and need for subject matter expertise are present.
• Maintain compliance with lnovalon's policies, procedures and mission statement.
• Adhere to all confidentiality and HIPAA requirements as outlined within lnovalon's Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position.
• Fulfill those responsibilities and/or duties that may be reasonably provided by lnovalon for the purpose of achieving operational and financial success of the Company.
• Uphold responsibilities relative to the separation of duties for applicable processes and procedures within your job function.
• We reserve the right to change this job description from time to time as business needs dictate and will provide notice of such.

Education

• Bachelor’s Degree in Arts/Sciences (B.A./B.S.) required
• Master’s Degree in Arts/Sciences (M.A./M.S.) in relevant fields preferred

Experience

• 12+ Years of experience with demonstrable accomplishments in technical product management in software and development of novel software products in healthcare and life sciences technologies required
• 6+ Years of experience leading product management business strategy, financial/business modeling and analysis, business plan development, market/industry research, and competitive analysis required
• Proven track record in building new software products and introducing them to market
• Experience writing specs, creating a roadmap, driving engineering
• Proven track record building, commercializing, or applying real-world data (RWD) — whether as a product leader at a data aggregator/licensor, or as a researcher/analyst building commercial, operational, or clinical data products for biopharma
• Deep fluency in the core RWD asset classes, open and closed medical claims, pharmacy claims, EHR/clinical data, lab and mortality data and a working understanding of how each is sourced, refreshed, and licensed
• Firsthand experience navigating data licensing and permissibility constraints (HIPAA de-identification, DUAs, data use restrictions, re-identification risk) well enough to make product tradeoffs.
• Track record scoping data products or analyses against real HEOR/RWE and market access use cases and translating those needs into data requirements.
• Understands population representativeness, capture bias, linkage rates, refresh cadence and can defend or challenge a dataset's suitability for a specific analytic use case
• Experience partnering with data science/informatics teams on data quality, curation, and taxonomy/classification frameworks.
• Has worked directly with biopharma commercial, HEOR, RWE, or medical affairs stakeholders (or their equivalents) and can speak their language on evidence generation timelines and deliverable formats

Skills And Abilities

• Visionary leader, ability to manage a “whole product” and lead virtual teams
• Cloud-based product acumen
• Experience working with healthcare data & defining novel healthcare workflows
• ‘Get things done attitude’ along with great organizational skills
• Mastery of Agile process, Jira or vsts, confluence or similar tools

Working Conditions And Physical Demands

• This is a primarily sedentary role. The employee is regularly required to sit, talk, and hear for extended periods of time, and also required to repetitively use manual labor to operate a computer keyboard and other office equipment.
• The employee may occasionally need to stand, walk, or lift and/or move up to 10 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Travel Expectations

Travel for this position may be seasonal for specific product lines which may lead to concentrations of travel during specific periods of the year, but generally should not exceed 25% on an annual basis

This position is not eligible for immigration sponsorship (e.g. H-1B, TN, or E-3). Applicants must be authorized to work in the United States as a condition of employment. (This is only applicable for US-based positions)

If you don’t meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles.

By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth.

Inovalon is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement.

To review the legal requirements, including all labor law posters, please visit this link

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Compensation Range: $149.1K - $214K