Director of Sales, Payer/PBM
Vida·about 16 hours ago
Reporting to Vida's SVP of Payer & PBM Sales, the Director of Sales is an important strategic role responsible for managing a portfolio of high value health plans and PBMs. This individual will be responsible for generating revenue through these partnerships by developing and executing sales and marketing strategies, building relationships with external stakeholders and building a pipeline of sales opportunities.
We are looking for a strategic self-starter who is passionate about Vida’s mission to provide high-quality, cost-effective cardiometabolic care. This individual must be willing to roll up their sleeves and work closely with internal teams across sales, marketing, client success, legal and product to execute successful partnerships with large health plans and PBMs. This will be an individual contributor role and will also contribute to payer and PBM strategy and collaborate across the organization on new market opportunities and product development initiatives. This position will include travel as necessary to manage assigned partnerships and territories.
Responsibilities:
- Lead strategic partnership initiatives and ongoing relationship management of your portfolio of partners.
- Generate new business pipelines with each assigned partner through sales training, webinars, networking, marketing campaigns and other efforts.
- Develop a strong understanding of Vida’s clinical programs, care models and outcomes, and effectively position the appropriate solutions based on each client’s population, benefit strategy and business objectives.
- Lead strategic enablement and sales initiatives with our partners and internal sales leadership and define processes for securing new employer clients through the partnership.
- Analyze and review performance of existing partners working closely with client success.
- Understand target customer’s business needs, leveraging consultative skill-set to create upsell opportunities.
- Initiate, develop and maintain strong executive and decision maker-level relationships.
- Work closely with the sales, product, clinical and account management teams, building internal relationships to support sales pursuits.
- Support Vida’s value-based reimbursement strategy, evolving our fee-for-outcomes based model.
- Demonstrate a solid understanding of Vida’s technology, product offerings and mission, contributing to all three equally.
- Represent Vida at industry conferences, partner conferences and sales kick-offs.
- Additional responsibilities as needed.
Requirements:
- Bachelor’s degree at a minimum.
- 7+ years of experience with strategic partnerships, sales, business development, sales strategy, consulting, or a related field working for or with large Health Plans and/or PBMs.
- Experience selling, positioning or supporting clinical programs, population health solutions, digital health solutions, pharmacy programs or other healthcare benefit solutions preferred.
- Experience exceeding revenue and growth targets working directly with health plans and/or PBMs.
- Experience working at a health plan or PBM or in the employee benefits industry as a sales or business development executive, strategic account executive, strategic partner manager or benefits consultant.
- Action-oriented leader who self-starts and motivates others; individual who enjoys thinking about things in new ways and executing accordingly; thrives in a high-growth environment.
- History of executing complex deals or managing complex partnerships throughout the healthcare marketplace.
- Relationship-oriented, people-centric contributor; track record of being a strong leader as well as a collaborative colleague.
- Demonstrates strong aptitude to work in a rapidly changing, start-up environment.
Market context
Measured from remote postings we have tracked ourselves — not self-reported survey data.
What Executive Sales roles in Americas pay
- 25th
- $158k
- Median
- $193k
- 75th
- $239k
Based on 2,043 comparable postings with disclosed salaries, last 12 months.
How Vida is hiring
- Last 90 days
- 14 roles
- Total tracked
- 67
- Hiring across
- 8 job families
Tracked since May 2024.