Pricing Specialist
Fakeeh Care Group
Date: 8 hours ago
City: Remote
Contract type: Full time
Remote
Description
Job Purpose:
Oversee the pricing strategy for the organization, identify optimal pricing schemes for medical services, and analyze industry trends, market dynamics, and patient spending behavior to ensure profitability and competitive advantage.
Key Responsibilities And Duties
Skills And Abilities
Job Purpose:
Oversee the pricing strategy for the organization, identify optimal pricing schemes for medical services, and analyze industry trends, market dynamics, and patient spending behavior to ensure profitability and competitive advantage.
Key Responsibilities And Duties
- Ensures the integrity and accuracy of cost and related financial information, maintaining a reliable pricing structure.
- Prepares Best and Final Offers (BAFO), ensuring competitive pricing that aligns with Fakeeh Care goals and market conditions.
- Leads and directs the formulation of pricing strategies, ensuring that pricing actions are taken to maximize profitability.
- Performs financial evaluations to assess the effectiveness of pricing strategies and their impact on revenue and profitability.
- Manages and supervises a team of pricing analysts, guiding them in new price generation, discrepancy resolution, and pricing-related activities.
- Analyzes the financial impact of pricing approaches, considering historical data and the profitability of customer segments.
- Prepares comprehensive cost support packages that comply with CHI Regulations, ensuring transparency and compliance.
- Defines and evaluates new business procedures, resource requirements, and stimulates the implementation or maintenance of the pricing system.
- Conducts oral presentations and cost revisions to key stakeholders, ensuring clarity and alignment with Fakeeh Care objectives.
- Develops a comprehensive and updated overview of policy changes and trends that could impact pricing and access to Fakeeh Care services.
- Works closely with Regulatory, Finance, Medical, and Commercial teams to provide pricing assumptions supporting budget planning, risk assessment, and related exercises.
- Develop tactics for managing regional and local trends impacting pricing and access, including innovative solutions to protect pricing structures.
- Plans and tracks the implementation of cross-functional Access Plans for innovative brands, ensuring alignment with pricing goals.
- Establish annual pricing plans and conduct regular reviews, adjusting strategies in response to changes in client contracts, policies, or local market conditions.
- Analyzes price change requests from the costing team by evaluating margin impacts, potential volume changes, and competitor pricing strategies.
- Manages and supervises price estimation processes, ensuring accuracy and alignment with Fakeeh Care pricing goals.
- Other duties as assigned within the scope of the job.
Skills And Abilities
- Strong analytical and financial skills to assess pricing strategies.
- Proficiency in market research and competitor analysis.
- Effective problem-solving and critical thinking abilities.
- Strong communication and presentation skills with stakeholders.
- High attention to detail and accuracy in pricing documentation.
- 3 - 5 years of experience in pricing, financial analysis, or revenue cycle management, preferably in the healthcare or medical services industry.
- Bachelor's degree in Business Administration, Finance, Economics, or a related field. A Master's degree is preferred.
- Excellent command of oral and written English and Arabic.
- N/A
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