Cost of Care Director

The Elevance Health Companies, Inc.; Indianapolis (IN); Hybrid; USD 109,000 - 196,000; Full time

Job summary

Elevance Health is seeking a Cost of Care Director to lead end-to-end initiatives that reduce costs and improve affordability across the enterprise. This role bridges strategy, analytics, and operations to realize measurable value.

You will collaborate with finance, analytics, clinical, and business teams, orchestrating complex programs and reporting to senior leadership while advancing Elevance Health's affordability priorities.

Qualifications

• Requires a BS/BA degree and minimum of 9 years relevant health care experience.
• Strong strategic, business, financial, and operational acumen, preferably in healthcare.
• Ability to influence senior leaders and align cross-functional stakeholders.

Responsibilities

• Identify and develop best practices and cost of care improvement processes; provide end-to-end orchestration across high-priority initiatives.
• Oversee identification of potential savings opportunities through analytics and cross-functional collaboration.
• Champion cost of care initiatives and coordinate with stakeholders to accelerate decision-making and execution.
• Manage and present cost of care projects to senior leadership and participate in enterprise workgroups.

Skills

Strategic thinking

Cross-functional leadership

Financial acumen

Operational execution

Education

BS/BA degree

Job description

Anticipated End Date: 2026-10-24 Position Title: Cost of Care Director Job Description: Cost of Care Director Location: This role requires associates to be in-office 3 days per week, fostering collaboration and connectivity, while providing flexibility to support productivity and work-life balance. This approach combines structured office engagement with the autonomy of virtual work, promoting a dynamic and adaptable workplace. Alternate locations may be considered if candidates reside within a commuting distance from an office. Must be able to work EST/CST hours. Please note that per our policy on hybrid/virtual work, candidates not within a reasonable commuting distance from the posting location(s) will not be considered for employment, unless an accommodation is granted as required by law.

Join our dynamic Cost of Care Strategy & Enablement team as we advance enterprise affordability priorities and drive measurable value! This position will play a critical role in ensuring high-priority Cost of Care initiatives progress from opportunity identification through implementation and value realization. The Cost of Care Director provides strategic, end-to-end operational orchestration across complex, cross-functional initiatives spanning business segments, markets, and enterprise functions.

This role maintains visibility across the initiative lifecycle, connects key stakeholders, identifies and addresses dependencies, risks, and execution barriers, and facilitates timely decisions and escalations to maintain momentum. Working collaboratively with accountable business and execution leaders, this Cost of Care Director helps strengthen operational alignment, optimize ways of working, and accelerate initiatives designed to mitigate healthcare cost trends, improve affordability, and deliver measurable business value.

How you will make an impact:

• Identifies and develops best practices and cost of care improvement processes. Provides end-to-end operational orchestration across high-priority Cost of Care initiatives, helping maintain momentum from opportunity identification through implementation and value realization.
• Oversees the identification of potential cost of care savings opportunities through complex analytics via partnering with the cost of care analytics team, to developing action plans, benefits and risk assessments and overseeing and partnering with the actuarial team to develop and ensure accurate savings quantification.
• Champions cost of care initiatives and partners with cross-functional business, clinical, operational, analytics, and other stakeholders to facilitate alignment, clarify dependencies, and accelerate decision-making.
• Manages and presents cost of care projects to senior leadership. Participates in Enterprise CoC workgroups and project teams.

Minimum Qualifications:

• Requires a BS/BA degree; and minimum of 9 years relevant experience in Health Care; or any combination of education and experience, which would provide an equivalent background.

Preferred Skills, Capabilities and Experiences:

• Strong strategic, business, financial, and operational acumen, preferably within healthcare, Cost of Care, or affordability. Demonstrated ability to influence senior leaders, communicate effectively, align cross-functional stakeholders, and drive progress without direct authority.
• Strong strategic problem-solving skills, with the ability to anticipate risks, identify dependencies, resolve barriers, and navigate complex organizational challenges.
• Experience orchestrating complex, enterprise-wide initiatives from strategy through implementation and value realization.
• Prior experience in management consulting, corporate strategy, business transformation, or strategic operations preferred.

For candidates working in person or virtually in the below location(s), the salary* range for this specific position is $109,200 to $195,560.

Locations: Illinois; Minnesota; New York; Virginia; In addition to your salary, Elevance Health offers a comprehensive benefits package, incentive and recognition programs, equity stock purchase and 401k contribution (all benefits are subject to eligibility requirements).

The salary offered for this specific position is based on a number of legitimate, non-discriminatory factors set by the Company.

The company is fully committed to ensuring equal pay opportunities for equal work regardless of gender, race, or any other category protected by federal, state, and local pay equity laws.

* The salary range is the range Elevance Health in good faith believes is the range of possible compensation for this role at the time of this posting. This range may be modified in the future and actual compensation may vary from posting based on geographic location, work experience, education and/or skill level. Even within the range, the actual compensation will vary depending on the above factors as well as market/business considerations. No amount is considered to be wages or compensation until such amount is earned, vested, and determinable under the terms and conditions of the applicable policies and plans. The amount and availability of any bonus, commission, benefits, or any other form of compensation and benefits that are allocable to a particular employee remains in the Company’s sole discretion unless and until paid and may be modified at the Company’s sole discretion, consistent with the law.

Job Level: Director Equivalent Workshift: Job Family: PND > Network Contracting

Who We Are

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. We are a Fortune 25 company with a longstanding history in the healthcare industry, looking for leaders at all levels of the organization who are passionate about making an impact on our members and the communities we serve.

How We Work

At Elevance Health, we are creating a culture that is designed to advance our strategy but will also lead to personal and professional growth for our associates. Our values and behaviors are the root of our culture. They are how we achieve our strategy, power our business outcomes and drive our shared success - for our consumers, our associates, our communities and our business.

We offer a range of market-competitive total rewards that include merit increases, paid holidays, Paid Time Off, and incentive bonus programs (unless covered by a collective bargaining agreement), medical, dental, vision, short and long term disability benefits, 401(k) +match, stock purchase plan, life insurance, wellness programs and financial education resources, to name a few.

Elevance Health operates in a Hybrid Workforce Strategy. Unless specified as primarily virtual by the hiring manager, associates are required to work at an Elevance Health location at least once per week, and potentially several times per week. Specific requirements and expectations for time onsite will be discussed as part of the hiring process.

The health of our associates and communities is a top priority for Elevance Health. We require all new candidates in certain patient/member-facing roles to become vaccinated against COVID-19 and Influenza. If you are not vaccinated, your offer will be rescinded unless you provide an acceptable explanation. Elevance Health will also follow all relevant federal, state and local laws.

Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws.

Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.

NOTE: Workday keeps job postings active through 11:59:59 PM on the day before the listed end date. Example: If the end date is 3/13, the posting will automatically come down on 3/12 at 11:59:59 PM. In other words — the job is posted until 3/13, not through 3/13.

Elevance Health is a health company dedicated to improving lives and communities – and making healthcare simpler. Previously known as Anthem, Inc., we have evolved into a company focused on whole health and updated our name to better reflect the direction the company is heading.

Join our Talent Community and stay connected with company news, information, and future job opportunities.

Fueled by our bold purpose to improve the health of humanity, we are transforming from a traditional health benefits organization into a lifetime trusted health partner. Our nearly 100,000 associates serve approximately 100M+ people, at every stage of health. We address a full range of needs with an integrated whole health approach, powered by industry-leading capabilities and a digital platform for health.

Elevance Health is an Equal Employment Opportunity employer, and all qualified applicants will receive consideration for employment without regard to age, citizenship status, color, creed, disability, ethnicity, genetic information, gender (including gender identity and gender expression), marital status, national origin, race, religion, sex, sexual orientation, veteran status or any other status or condition protected by applicable federal, state, or local laws.

Applicants who require accommodation to participate in the job application process should submit the following form: Accessibility Accommodation Request Form and a member of the team will be in contact.

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state, and local laws, including, but not limited to, the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act.

Prospective employees required to be screened under Florida law should review the education and awareness resources at HB531 | Florida Agency for Health Care Administration.

Please visit the Contract Worker Community Page.

Elevance Health is an Equal Opportunity Employer/Disability/Veterans.