Senior Director, Payor Product Innovation

CVS Health; Providence (RI); Hybrid; USD 100,000 - 232,000; Full time

Job summary

CVS Health is seeking a Lead Director of Product Innovation to own the full lifecycle of payor-focused concepts, from ideation through launch. This role collaborates with Enterprise and Aetna strategy, product development, and partnerships to translate ideas into market-ready solutions.

The position may be remote or hybrid anywhere in the US, depending on location and hub access. Minimum 10+ years in related roles and strong executive communication are required.

Qualifications

• 10+ years of experience in product strategy, product innovation, new product development, healthcare strategy, or related leadership roles.
• Strong experience in payor-focused products, healthcare solutions, or closely related market segments.
• Proven ability to lead new concepts from early ideation through launch.
• Experience working across strategy, product development, partnerships, data/technology, and shared service teams in a matrixed environment.
• Strong executive communication and presentation skills, including the ability to frame early-stage opportunities clearly and persuasively.
• Ability to influence without direct ownership and drive alignment across multiple teams with different responsibilities.
• Strong prioritization, organizational, and cross-functional leadership skills.

Responsibilities

• Lead development of new product concepts from ideation through launch for payor-focused solutions and capabilities.
• Identify unmet needs, strategic opportunities, and concept areas aligned to enterprise and business priorities.
• Shape, pressure-test, and refine product concepts into well-defined opportunities with clear value propositions and launch pathways.
• Partner with Enterprise and Aetna strategy teams to ensure innovation priorities align to broader business strategy and market opportunity.
• Work closely with product development teams to support concept evaluation, development planning, implementation readiness, and launch execution.
• Collaborate with product strategic partnerships, DDAT, and other shared service partners based on the type of concept being developed, including areas such as unique networks and clinical solutions.
• Drive cross-functional coordination needed to move concepts from early exploration into launch-ready solutions.
• Define requirements, priorities, dependencies, and decision points needed to advance innovation efforts across teams.
• Support creation of business cases, concept materials, leadership presentations, and launch recommendations tied to new product ideas.
• Ensure clear transition and handoff of launched innovations to the appropriate long-term owner after market introduction.

Skills

Product strategy

Product innovation

Healthcare strategy

Executive communication

Strategic thinking

Cross-functional leadership

Influence without ownership

Matrixed environment experience

Education

Bachelor's degree

Job description

CVS Health is seeking a Lead Director of Product Innovation to own the full lifecycle of payor-focused concepts, from ideation through launch. This role collaborates with Enterprise and Aetna strategy, product development, and partnerships to translate ideas into market-ready solutions.

The position may be remote or hybrid anywhere in the US, depending on location and hub access. Minimum 10+ years in related roles and strong executive communication are required.