
Data Strategist
4 days ago
The Principal Data Scientist will play a crucial part in analyzing and optimizing pricing strategies across our provider networks.
Leveraging data insights and market trends, the successful candidate will develop innovative solutions to enhance member experience and drive improved financial performance.
- Provide data-driven insights and critically analyze challenges to inform key business decisions
- Engage with stakeholders at various levels to gather requirements, incorporate feedback, manage expectations, and ensure alignment with financial goals of client performance management
- Design and develop custom pricing models tailored to specific products or client segments as needed
- Review the performance of existing pricing models, identifying opportunities for enhancement or optimization based on stakeholder feedback and evolving business needs
- Communicate proposed changes and their potential impact clearly to non-technical stakeholders
- Break down pricing model functionalities into detailed components; formulate technical and business requirements for deployment to production systems
- Work closely with engineering teams to deploy pricing models in production environments
- Drive automation and streamline pricing processes by identifying gaps or inefficiencies in current workflows; design solutions that enhance efficiency and accuracy
- Collaborate with stakeholders to map out existing procedures and gather feedback on pain points
- Develop clear documentation and provide training for end-users to ensure successful adoption of new processes
- Identify opportunities for more comprehensive, multi-dimensional pricing that consider a variety of factors such as up-to-date, market relevant, alignment with regulations, market events
- Support development and tracking of network performance KPI's to quantify impact of these pricing initiatives
- Thoroughly learn the business and educate those around you, both on your team and more broadly, on the mechanics of network pricing and the PBM business model
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