Summary:The Director of Innovation (Innovative Models & External Partnerships) is a critical role within Market Access Intelligence & Innovation (Global Pricing & Health Systems Analytics).
As part of a lean, integrated innovation team, this role contributes across the innovation lifecycle, with primary ownership for identifying, shaping, and incubating innovative access and pricing models before transition to pilot execution. The team's near-term focus is PBM disruption, including new pricing, access, rebate, contracting, and alternative reimbursement models, with learnings extending over time to broader market access priorities.
This leader translates emerging signals (e.g., PBMs, policy shifts, ecosystem changes, new technologies) into actionable innovation concepts and new business models, and activates external partnerships to accelerate development. The role works in close partnership with a complementary team focused on AI and digital execution, ensuring innovative models are effectively translated into scalable, digitally enabled solutions.
Responsibilities:- Build and Manage the Innovation Pipeline: Support the day-to-day management of the innovation pipeline - from intake, triage, and prioritization support through portfolio shaping - translating external signals into clear value hypotheses, pilot-ready concepts, and recommendations for leadership review
- Lead Innovation Concept Development & Incubation: Develop and pressure-test new pricing and access models, by defining feasibility, success criteria, risks, outcomes, and stakeholder alignment before pilot handoff
- Activate and Manage External Partnerships: Identify, evaluate, and engage targeted external stakeholders - such as transparent PBMs, benefit consultants, alternative reimbursement players, and other non-traditional market access partners - to inform PBM disruption opportunities, shape new model concepts, and accelerate readiness for pilot consideration
- Connect Intelligence to Innovation: Partner with Intelligence team to convert market signals into actionable innovation opportunities, ensuring a clear link from signal detection to concept development, portfolio progression, and executive decision-making
- Enable Portfolio Governance & Decision-Making: Develop structured inputs for annual strategic-theme alignment, early-signal stakeholder discussions, and quarterly steering committee reviews, applying evaluation frameworks to surface risks, tradeoffs, recommendations, and success measures such as pilot-ready concepts, signal-to concept cycle time, and adoption of learnings by business owners
- Partner Across Functions: Collaborate across Access Strategy, Pricing, GPGA, Legal, Digital/AI, and senior leadership to shape viable innovation concepts and define business requirements
Qualifications:- Bachelor's degree required. MBA, MPH, MS, PharmD, or equivalent advanced degree preferred (or comparable experience)
- 10+ years in pharma/healthcare with experience in Market Access, Pricing, Commercialization, or related areas
- Strong experience in innovative access or pricing models, business model strategy, or external partnerships
- Deep understanding of market access ecosystem dynamics (e.g., PBMs, payer behavior, policy trends)
- Proven ability to translate external signals into actionable strategic opportunities
- Experience managing or working with external partners and vendors
- Strong strategic thinking and ability to structure ambiguous challenges
- Excellent executive communication skills
- Collaborative, proactive, and comfortable operating in ambiguity
#LI-Hybrid
We hire for skills and capabilities, not just credentials - if this role excites you, but doesn't perfectly match your resume, we encourage you to apply anyway.
Compensation Overview:Princeton - NJ - US: $196,160 - $237,703
The starting pay range(s) listed above is for full-time employees (FTE). You may also be eligible for additional discretionary incentive cash and stock opportunities. We determine starting pay thoughtfully - carefully considering the nature of the role, required skills, work location, schedule and the knowledge and experience you bring. Final compensation is guided by pay equity principles and applicable employment laws. Compensation programs are reviewed on an ongoing basis and may be adjusted over time to reflect evolving market factors, and individual, team or Company performance.
Benefits:Subject to the terms and conditions of the applicable plans then in effect, you may be eligible to participate in our comprehensive benefit plans - including wellbeing support, retirement and financial protection benefits, and insurance offerings (medical, dental, vision, life and disability).
U.S.-based exempt employees are eligible for Flexible Time Off (FTO), which provides paid time off without a set accrual limit, subject to manager approval, along with 11 paid company holidays each year.
Non-exempt employees, RayzeBio employees, and employees located in Puerto Rico receive 160 hours of paid vacation annually for new hires (subject to manager approval), 11 paid company holidays, and 3 optional holidays.
Depending on eligibility, employees may also have access to additional time-off benefits, including paid sick leave, up to two paid volunteer days per year, summer hours flexibility, and leaves of absence for medical, personal, parental, caregiver, bereavement, or military needs. Eligible employees also enjoy an annual Global Shutdown between Christmas Day and New Year's Day.
U.S.-based job seekers can explore full benefit offerings at https://careers.bms.com/benefits
How We WorkWhere you work matters - because collaboration, innovation and patient impact happen in many settings. Our roles are structured across four work models: site-essential, site-by-design, field-based and remote-by-design. The model assigned to this role is based on its core responsibilities. Learn more at https://careers.bms.com/ways-of-working.
