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
Lead Director, Product Innovation is responsible for leading the full innovation lifecycle for new payor-focused product concepts, from ideation through launch. This individual contributor role identifies unmet market needs, develops and refines new product concepts, and leads the work required to evaluate, shape, and bring those concepts to market. The role partners closely with Enterprise and Aetna strategy teams, product development, product strategic partnerships, DDAT, and other shared service partners to translate ideas into launch-ready solutions. This role owns innovation from concept through launch, with handoff to the appropriate long-term owner after market introduction rather than ongoing product management.
**The position may be remote or hybrid anywhere in the US depending on candidate location and commute to a hub location
Key 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
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 strategic thinking skills, with the ability to identify unmet needs and translate them into viable product concepts
- 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
Success Profile
The strongest candidates for this role will bring:
- A future-oriented, concept-building mindset
- Strong judgment in identifying which ideas are worth advancing
- Comfort operating in ambiguity and shaping early-stage concepts into concrete opportunities
- The ability to connect strategy, innovation, partnerships, and execution into a single path to launch
- Strong cross-functional influence and orchestration skills
- Executive-ready communication and the ability to make new ideas credible and actionable
What Success Looks Like
- New product concepts are more strategically grounded, better defined, and more actionable
- Innovation efforts move with greater clarity from idea through launch readiness
- Cross-functional teams have clearer priorities, roles, and decision points tied to innovation work
- Leadership has stronger visibility into the pipeline of new concepts and their business relevance
- Launched innovations transition more smoothly to long-term owners after market introduction
Education
· Bachelor's degree preferred/specialized training/relevant professional qualification.
Pay Range
The typical pay range for this role is:
$100,000.00 - $231,540.00
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.
Additional details about available benefits are provided during the application process and on Benefits Moments.
Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.
Skills Required
- 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 strategic thinking skills, with ability to identify unmet needs and translate into viable product concepts
- Strong executive communication and presentation skills
- Ability to influence without direct ownership and drive alignment across multiple teams
- Strong prioritization, organizational, and cross-functional leadership skills
- Bachelor's degree preferred or specialized training/relevant professional qualification
What We Do
CVS Health is the leading health solutions company that delivers care in ways no one else can. We reach people in more ways and improve the health of communities across America through our local presence, digital channels and our nearly 300,000 dedicated colleagues – including more than 40,000 physicians, pharmacists, nurses and nurse practitioners. Wherever and whenever people need us, we help them with their health – whether that’s managing chronic diseases, staying compliant with their medications, or accessing affordable health and wellness services in the most convenient ways. We help people navigate the health care system – and their personal health care – by improving access, lowering costs and being a trusted partner for every meaningful moment of health. And we do it all with heart, each and every day.
