Product Development Partner

Job Description

The Product Development Partner develops and manages a portfolio of multiple products of high complexity for small employer and individual business segments.

Responsibilities include product and policy development and implementation, network changes, medical coverage changes or expansion, etc. The work will encompass activities such as researching applicable regulations, benchmark plan analysis, and state mandates; reviewing competitor coverage; vetting proposals across multiple markets and product lines; and ensuring related processes are in place and followed.

The role is hybrid and will require in‑office time on occasion, primarily in Murray, Utah. Travel to other areas where Select Health conducts business may be required. Candidates who live in or are willing to relocate to Utah, Idaho, Nevada, or Colorado are preferred, but we may also consider other locations. A video interview through Microsoft Teams will be required as well as potential onsite interviews and meetings.

• Develops and/or manages a portfolio of multiple products of high complexity for an assigned business segment/geography or a single business segment across multiple states/market geographies with projected annual revenue above $400 million (e.g., Medicaid, Medicare, commercial insured products, ancillary products and self‑insured administration).
• Ensures positive program outcomes by leading and supporting the implementation of clinical, operational, and financial improvement initiatives. Takes a lateral view across the organization, understands the organizational and external market complexities, and identifies necessary initiatives and interdependencies that must be coordinated to reach program objectives. Directs and guides project and product managers and department leads to ensure proper coordination and alignment of resources.
  
  Attends budget meetings and understands financial impact of initiatives.
• Ensures assigned product line(s) (or new product) is positioned to meet Select Health membership growth goals and NOI targets. This includes management of the entire product life cycle (market intelligence, conceptualization, product development, launch, growth, maturity and retirement). Ensures products meet highest levels of market need, administrative efficiency, customer satisfaction, regulatory compliance, and financial performance. Develops and monitors key performance indicators for product lines.
• Develops new health insurance and ancillary products. Develops, manages, and implements strategic product initiatives. Ensures products address market needs and achieve the overall business objectives. For new products, completes a feasibility analysis and business case; recommendation for the new product or opportunity; and a business plan, including a pro forma and financial projections; sales forecasts; an operational assessment; a marketing plan;
  
  and a high‑level implementation plan.
• Introduces new products to market. Leads sales, marketing, broker relations and other internal departments in developing multi‑channel product distribution strategies, ensures effective communication/promotional strategies, develops key messaging for products and key strategic market/regulatory issues, and produces product materials and sales collateral, etc. Directs the launch of new products and services.
• Evaluates new product opportunities, geographic/service area expansion, new market entry and potential strategic partnerships to meet growth objectives of Select Health.
• Ensures insurance market and product education to internal teams as well as brokers/agents, physicians, practice managers, current and potential employer customers, health system partners/affiliates and other constituent groups.
• Strategizes with existing or potential risk share partners to ensure mutually beneficial outcomes in strategic partnerships. Maintains partnership relationships and serves as the primary point of contact for relationship as assigned. Resolves significant concerns.
• Monitors national carrier and local competitor products, positioning, strategies, networks, as well as local and national industry…