Senior Manager Medical Economics

CVS Health; Illinois; Hybrid; USD 83,000 - 183,000; Full time

Benefits offered by this job

Bonus program

Health benefits

Paid time off

Job summary

CVS Health is seeking a Senior Manager of Medical Economics to lead analyses of healthcare costs, quality outcomes, and utilization Driver. The role partners with clinical and financial stakeholders to translate data into actionable strategies for executive leadership.

The position focuses on modeling, forecasting, and reporting to support cost management and performance improvements across value-based care initiatives.

Qualifications

• 7 years of experience in quantitative analysis, healthcare analytics, or medical economics.
• Deep subject matter expertise in value-based care, population health, and medical claims data.
• Advanced proficiency in SQL for data extraction, manipulation, analysis.
• Proven track record of leading cross-functional teams and presenting to C-suite.
• Exceptional problem-solving and project execution skills.

Responsibilities

• Develop financial models and forecasts related to healthcare costs and utilization.
• Project future healthcare expenditures and evaluate financial impact of clinical initiatives.
• Design and maintain reports and dashboards to monitor KPIs and economic drivers.
• Collaborate with Finance, Clinical, Data Science to identify cost-saving opportunities.
• Evaluate ROI of value-based care initiatives on cost and quality.
• Partner with Data Engineering to develop long-term data assets for analytics.
• Ensure analyses comply with regulatory requirements and industry standards.

Skills

SQL

Cross-functional leadership

Quantitative analysis

Healthcare analytics

Executive communication

Education

Bachelor's degree in STEM

Tools

Tableau

Power BI

Job description

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Position Summary The Senior Manager of Medical Economics is a critical leadership role responsible for analyzing medical costs, quality outcomes, and utilization drivers to support the delivery of value based primary care. This individual will plan, conduct, and lead analyses of healthcare claims data to identify root causes of trends and anomalies, translating complex datasets into actionable strategies for executive and field leadership. The Senior Manager serves as a strategic partner to clinical and financial stakeholders, leveraging data-driven insights to optimize cost management and operational performance.

Key responsibilities

• Develop financial models and forecasts related to healthcare costs and utilization for executive review and strategic planning.
• Project future healthcare expenditures, estimate potential savings, and evaluate the financial impact of various clinical initiatives and interventions.
• Design and maintain comprehensive reports and dashboards to monitor key performance metrics and critical economic drivers.
• Collaborate with cross-functional teams (Finance, Clinical, Data Science) to identify cost-saving opportunities and optimize value-based payment models.
• Evaluate the effectiveness of value-based care initiatives on overall medical cost and quality outcomes to assess clinical and financial ROI.
• Partner with Data Engineering to develop long‑term data assets and infrastructure for scalable, advanced analytics enablement.
• Ensure all analyses and reporting adhere to regulatory requirements and industry standards for medical economics.

Required Qualifications

• 7 years of experience in quantitative analysis, healthcare analytics, or medical economics within the healthcare or payer industry.
• Deep subject matter expertise in value-based care, population health, and medical claims data (ICD-10, CPT).
• Advanced proficiency in SQL for complex data extraction, manipulation, and analysis.
• Proven track record of leading cross-functional teams and presenting executive-ready insights to C-suite and clinical leadership.
• Exceptional problem-solving, decision-making, and project execution skills.

Preferred Qualifications

• Proficiency with business intelligence tools such as Tableau or Power BI.
• Experience in value-based care analytics for Medicare Advantage and Traditional Medicare programs (e.g., ACO REACH, MSSP).

Education

• Bachelor’s degree in a STEM field, finance, economics, or a related analytical discipline (advanced degree preferred).

Pay Range

The typical pay range for this role is: $82,940.00 - $182,549.00 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. This position also includes an award target in the company’s equity award program.

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 offering a comprehensive and competitive mix of pay and benefits that reflects our commitment to our colleagues and their families. This full‑time position is eligible for a comprehensive benefits package designed to support the physical, emotional, and financial well‑being of colleagues and their families. The benefits for this position include medical, dental, and vision coverage, paid time off, retirement savings options, wellness programs, and other resources, based on eligibility. Additional details about available benefits are provided during the application process and on Benefits Moments.

We anticipate the application window for this opening will close on: 11/06/2026

Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.

Our Work Experience is the combination of everything that's unique about us:

Our culture, our core values, our company meetings, our commitment to sustainability, our recognition programs, but most importantly, it's our people. Our employees are self-disciplined, hard working, curious, trustworthy, humble, and truthful. They make choices according to what is best for the team, they live for opportunities to collaborate and make a difference, and they make us the #1 Top Workplace in the area.