At CVS Health, we’re building a world of health around every consumer and surrounding ourselves with dedicated colleagues who are passionate about transforming health care. As the nation’s leading health solutions company, we reach millions of Americans through our local presence, digital channels and more than 300,000 purpose-driven colleagues – caring for people where, when and how they choose in a way that is uniquely more connected, more convenient and more compassionate. And we do it all with heart, each and every day. **Position Summary** Do things that matter. Diabetes, congestive heart failure, COPD, back pain, asthma, pulmonary fibrosis, chronic kidney disease, Alzheimer's, multiple sclerosis, cancer... everyone knows someone affected by these conditions. Our goal is to decrease cost and improve health for members with chronic disease. We do this by using data science and advanced analytics (e.g., condition specific predictive models and clinical data mining) to improve their care journeys and outcomes, focusing on the right members getting the right interventions at the right time. Mission aligned to improve health. With 1,000+ health hubs, 1,100+ minute clinics, 23M+ lives insured by Aetna, and 100M+ lives with pharmacy benefits coverage through Caremark. With this unique collection of assets, CVS Health has an unparalleled platform to make a significant impact on healthcare in the US and beyond. We have actual big data. The combined data assets of CVS are massive: medical and pharmacy claims, health care records, commercial store, and transactional data for 100M+ members. The scale of our data will allow you to design and test powerful experiments and challenge yourself to innovate in ways that others simply cannot. An elite team. You’ll be joining a team of MDs, PhDs, MBAs, and top analytics professionals that bring their clinical, technical, and economic experience to bear on some of the toughest targets in healthcare. Focus of the Position Our PBM Analytics team is tasked with optimizing our ability to engage with our 100M+ Caremark members to help them make better healthcare decisions, particularly relating to the medications they take. Our goals are to improve clinical outcomes and to help members gain more transparency into the healthcare system so that they can save money and have better experiences. To do this we’ve developed a leading capability that combines data science, agile marketing, behavioral economics, large scale experimentation, and optimization of our digital capabilities. Through this we message millions of members each year about real challenges they face and help them become healthier or save money – we drive tangible and meaningful impact for our members. + This role is required to fulfill the Enterprise goals of effective cost management through managing the aggregate financial impact of PBM products, initiatives, and contracts on pharmacy cost trend. + The team’s goal is to provide timely, accurate, actionable data and analysis for utilization and unit cost management to reduce pharmacy cost for our clients: quantifying how our various products and programs (e.g., utilization management) are impacting pharmacy cost trends, and helping prioritize actions that would lead to further cost improvements across Commercial and other lines of business. + Support the evaluation and implementation of enterprise initiatives to respond to pharmacy cost pressures and mitigate unfavorable drivers of business performance. + Support regular trend analyses and material development for department reporting and meetings. + Deliver performance evaluation and business-impacting recommendations for cost savings analytics. + Assist in identifying critical pharmacy cost issues and design and recommend solutions to business problems to staff, senior Executive leadership, and key business partners + Work cross-functionally across a diverse stakeholder group including: Aetna pharmacy team, Product, Clinical, Finance, Trade, Medical Economics, Data Science, and Actuarial **Required Qualifications** + 3+ years with Medical/Pharmacy Cost Analytics, Healthcare Analytics, Data Science, Actuarial Science + 2+ years working in a role with competing priorities and working cross-functionally **Preferred Qualifications** + Strong analytical ability and familiarity with advanced financial and healthcare concepts. Demonstrates critical thinking and expresses ideas clearly, concisely, and logically from a cross functional perspective. + Familiar with or is willing to learn some of the most popular advanced analytics such as machine learning, statistical analyses, and predictive modeling. + Well versed in advanced analytics tools and languages to analyze large data sets from multiple data sources. + Demonstrates a strong ability to communicate technical concepts and implications to business partners. + Foundational knowledge of pharmacy trend and PBM business functions + Anticipates and prevents problems and roadblocks before they occur. **Education** • Master's degree in quantitative field, or an equivalent combination of formal education and experience. Preferred background in Mathematics, Finance, Data Science or Actuarial Science. **Anticipated Weekly Hours** 40 **Time Type** Full time **Pay Range** The typical pay range for this role is: $83,430.00 - $222,480.00 This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above. Our people fuel our future. Our teams reflect the customers, patients, members and communities we serve and we are committed to fostering a workplace where every colleague feels valued and that they belong. **Great benefits for great people** We take pride in our comprehensive and competitive mix of pay and benefits – investing in the physical, emotional and financial wellness of our colleagues and their families to help them be the healthiest they can be. In addition to our competitive wages, our great benefits include: + **Affordable medical plan options,** a **401(k) plan** (including matching company contributions), and an **employee stock purchase plan** . + **No-cost programs for all colleagues** including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching. + **Benefit solutions that address the different needs and preferences of our colleagues** including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility. For more information, visit https://jobs.cvshealth.com/us/en/benefits We anticipate the application window for this opening will close on: 07/31/2025 Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws. We are an equal opportunity and affirmative action employer. We do not discriminate in recruiting, hiring, promotion, or any other personnel action based on race, ethnicity, color, national origin, sex/gender, sexual orientation, gender identity or expression, religion, age, disability, protected veteran status, or any other characteristic protected by applicable federal, state, or local law.