Position Summary...
Lead the development and execution of contracting and pricing strategies for assigned key accounts, including PBM and Plans. You'll develop the business case behind each deal, showing how financials and terms impact other lines of business and aligning opportunities with Walmart's broader healthcare strategy. Collaborate closely with Finance, Underwriting, Operations and Legal teams to develop account strategies that optimize profitability. Develop deep knowledge of assigned key accounts, including their challenges, contract terms, performance metrics, and growth opportunities, while serving as a key driver of immunization pharmacy and medical contracting.
What you'll do...
Oversee full lifecycle contract negotiations with PBM and health plans from new business and renewals to amendments and escalations on both the pharmacy and medical benefit.
Develop deal "stories" and negotiation framework, ensuring alignment of proposed contracts to enterprise strategy
Be the senior relationship owner for top-tier PBM accounts; develops account strategy, performance accountability, and growth initiatives. Transitioning the client relationship from transactional to solutions-oriented.
Work in tandem with legal, pricing, finance, operations, and clinical teams to operationalize contract terms, implement changes, and mitigate reimbursement issues.
Identify, pitch, and lead new contracting opportunities (e.g. immunization, value-based models, network expansion) to expand Walmart's role in payer-provider partnerships.
About the Team: You'll join Walmart's Payer Relations team, a high-impact, cross-functional group that leads contracting strategy with PBMs, payers, and health plans. The team drives enterprise-level financial performance, ensures optimal reimbursement for pharmacy and medical services, and shapes strategic partnerships that advance Walmart's healthcare strategy. You will play a key role in elevating contracting rigor, implementing innovative payment models, and scaling immunizations service offerings. What You'll Bring:
Significant leadership experience in PBM, payer contracting, or network negotiations especially overseeing high-value accounts.
Deep fluency with reimbursement models (AWP, NADAC, PAC, WAC)
Proven ability to build deal frameworks and negotiate complex deals.
Skill in managing complex, high-stakes stakeholder dynamics and cross-functional alignment in matrixed organizations.
A track record in driving contract performance, scaling new lines of business, and converting contractual language into execution.
LI-MF4 The above information has been designed to indicate the general nature and level of work performed in the role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The full Job Description can be made available as part of the hiring process. This position is based at our main corporate campus in Bentonville, Arkansas! We have an excellent relocation package to help you get here! Your Career Journey at Walmart At Walmart, we want to make sure your experience connecting with us is seamless and straightforward. Here's what to expect when interacting with us as recruiters:
We'll reach out via verified LinkedIn profiles or emails ending in "@walmart.com." or "@samsclub.com".
All job opportunities and applications are hosted on our official careers site: http://careers.walmart.com . There is no cost or payment required to apply or be considered for a position.
If you have any doubts about a communication, feel free to visit our careers page to verify authenticity. Thank you for exploring opportunities at Walmart! At Walmart, we offer competitive pay as well as performance-based bonus awards and other great benefits for a happier mind, body, and wallet. Health benefits include medical, vision and dental coverage. Financial benefits include 401(k), stock purchase and company-paid life insurance. Paid time off benefits include PTO (including sick leave), parental leave, family care leave, bereavement, jury duty, and voting. Other benefits include short-term and long-term disability, company discounts, Military Leave Pay, adoption and surrogacy expense reimbursement, and more. You will also receive PTO and/or PPTO that can be used for vacation, sick leave, holidays, or other purposes. The amount you receive depends on your job classification and length of employment. It will meet or exceed the requirements of paid sick leave laws, where applicable. For information about PTO, see https://one.walmart.com/notices . Live Better U is a Walmart-paid education benefit program for full-time and part-time associates in Walmart and Sam's Club facilities. Programs range from high school completion to bachelor's degrees, including English Language Learning and short-form certificates. Tuition, books, and fees are completely paid for by Walmart.
Eligibility requirements apply to some benefits and may depend on your job classification and length of employment. Benefits are subject to change and may be subject to a specific plan or program terms.
For information about benefits and eligibility, see One.Walmart (https://one.walmart.com/) .
The annual salary range for this position is $130,000.00 - $260,000.00 Additional compensation includes annual or quarterly performance bonuses. Additional compensation for certain positions may also include :
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Minimum Qualifications...
Outlined below are the required minimum qualifications for this position. If none are listed, there are no minimum qualifications.
Bachelor's degree business, finance, accounting, economics, or related area with 7 years' experience in managed care contracting/negotiations, healthcare billing, healthcare finance, or healthcare compliance/legal; or Ten years of relevant experience in managed care contracting/negotiations, healthcare billing, healthcare finance, or healthcare compliance/legal.
Demonstrated experience in payer negotiations or relationship management; must be able to speak to concrete experiences and positive outcomes.
Well-developed understanding of healthcare financing, revenue cycle processes and care delivery.
Previous supervisory experience.
Proficiency with all Microsoft tools.
Preferred Qualifications...
Outlined below are the optional preferred qualifications for this position. If none are listed, there are no preferred qualifications.
Experience with at least five of those years in a director or above role with a commercial or government program Payer or Provider Organization., Master's degree in Business, Healthcare, Finance, or related area, Supervisory experience
Primary Location...
2350 Grey Lag Way Road, Lexington, KY 40509-2477, United States of America
Walmart and its subsidiaries are committed to maintaining a drug-free workplace and has a no tolerance policy regarding the use of illegal drugs and alcohol on the job. This policy applies to all employees and aims to create a safe and productive work environment.
Walmart, Inc. is an Equal Opportunity Employer- By Choice. We believe we are best equipped to help our associates, customers, and the communities we serve live better when we really know them. That means understanding, respecting, and valuing diversity- unique styles, experiences, identities, abilities, ideas and opinions- while being inclusive of all people.
