Demo

Self-Funded Product Manager

Medica
Hopkins, MN Full Time
POSTED ON 2/14/2025
AVAILABLE BEFORE 5/10/2025

Medica's Product Manager is responsible for developing and managing self-funded health plan products by overseeing market research and regulatory requirements, defining product requirements / features, designing the overall customer experience and managing the product performance life cycle. In addition, this role partners with the self-funded product director on our 3-5 year self-funded product strategy.

Key Accountabilities :

  • Research and analyze competitor offerings to evaluate market positioning, strengths and weaknesses, in relation to Medica's commercial self-funded products
  • Partner with sales and account management to gather and interpret customer feedback, needs and pain points, providing valuable input for product development and decision-making
  • Collaborate with product director and product operations to prioritize, advance and execute product lifecycle activities that facilitate enhancements to the self-funded products
  • Perform other duties as assigned, demonstrating flexibility and adaptability in contributing to the overall success of the commercial markets division and the organization

This role will work closely with the commercial product managers, marketing, sales, account management and operations. Externally the Product Manager will interact with brokers and customers, which may require attending broker panel meetings / seminars.

Qualifications :

  • Bachelors degree or equivalent combination of education and related work experience
  • 3 years of work experience beyond degree
  • Healthcare experience required; health plan and self-funded / stop loss product knowledge is strongly preferred
  • Additional Experience, Skills and Abilities :

  • Demonstrated experience building strong, key stakeholder relationships to work effectively together to deliver successful outcomes
  • Experience in market and competitive analysis, preferably in the healthcare industry
  • Strong analytical skills and ability to translate data and information into actionable insights
  • Excellent communication and collaboration skills to work effectively in a matrixed environment
  • This position is a Hub role, which requires an employee to occasionally come onsite to the designated office - Minnetonka, Madison or Omaha - for applicable heads-up work. Frequency is determined by business need as decided by leadership.

    The full salary range for this position is $68.800 - $118,000. Annual salary range placement will depend on a variety of factors including, but not limited to, education, work experience, applicable certifications and / or licensure, the position's scope and responsibility, internal pay equity and external market salary data. In addition to compensation, Medica offers a generous total rewards package that includes competitive medical, dental, vision, PTO, Holidays, paid volunteer time off, 401K contributions, caregiver services and many other benefits to support our employees.

    The compensation and benefits information is provided as of the date of this posting. Medica's compensation and benefits are subject to change at any time, with or without notice, subject to applicable law.

    Medica's commitment to diversity, equity and inclusion (DEI) includes unifying our workforce through learning and development, recruitment and retention. We consistently communicate the importance of DEI, celebrate achievements, and seek out community partnerships and diverse suppliers that are representative of everyone in our community. We are developing sustainable programs and investing time, talent and resources to ensure that we are living our values. We are an Equal Opportunity / Affirmative Action employer, where all qualified candidates receive consideration for employment indiscriminate of race, religion, ethnicity, national origin, citizenship, gender, gender identity, sexual orientation, age, veteran status, disability, genetic information, or any other protected characteristic.

    Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

    The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

    Salary : $68,800 - $118,000

    If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution. Compensation Planning
    Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right. Surveys & Data Sets

    What is the career path for a Self-Funded Product Manager?

    Sign up to receive alerts about other jobs on the Self-Funded Product Manager career path by checking the boxes next to the positions that interest you.
    Income Estimation: 
    $95,865 - $120,012
    Income Estimation: 
    $123,272 - $153,570
    Income Estimation: 
    $95,865 - $120,012
    Income Estimation: 
    $123,272 - $153,570
    Income Estimation: 
    $182,852 - $230,675
    Income Estimation: 
    $212,674 - $268,673
    Income Estimation: 
    $123,272 - $153,570
    Income Estimation: 
    $150,776 - $185,671
    Income Estimation: 
    $124,417 - $155,140
    Income Estimation: 
    $147,514 - $184,796
    View Core, Job Family, and Industry Job Skills and Competency Data for more than 15,000 Job Titles Skills Library

    Job openings at Medica

    Medica
    Hired Organization Address Minnetonka, MN Full Time
    Description The Medica Transformation Team Operations Lead is the driver of Transformation portfolio coordination, overs...
    Medica
    Hired Organization Address Minnetonka, MN Full Time
    Description The Insights Analyst will support the Affordability team reporting to the Director, Affordability. This role...
    Medica
    Hired Organization Address Minnetonka, MN Full Time
    Medica’s Product Manager is responsible for developing and managing self-funded health plan products by overseeing marke...
    Medica
    Hired Organization Address Minnetonka, MN Full Time
    Medica is seeking an experienced Lead IT Business Analyst/Systems Analyst to join our claims product team. The Lead IT B...

    Not the job you're looking for? Here are some other Self-Funded Product Manager jobs in the Hopkins, MN area that may be a better fit.

    Self-Funded Product Manager

    Medica, Minnetonka, MN

    AI Assistant is available now!

    Feel free to start your new journey!