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BCBSM, Inc.
Principal Product Manager - Utilization Management
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Based on Minnesota data
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What they do
A Product Manager manages and coordinates all the processes involved in creating a product. Oversees work involved with product design, production, distribution, marketing and sales.
$148,264 / year median in Minnesota
+1% projected growth
Job Description
About Blue Cross and Blue Shield of Minnesota At Blue Cross and Blue Shield of Minnesota, we are committed to paving the way for everyone to achieve their healthiest life. We are looking for dedicated and motivated individuals who share our vision of transforming healthcare. As a Blue Cross associate, you are joining a culture that is built on values of succeeding together, finding a better way, and doing the right thing. If you are ready to make a difference, join us. The Impact You'll Have Blue Cross and Blue Shield of Minnesota is hiring a Principal Product Manager supporting Utilization Management in Eagan, Minnesota. In this leadership role, you will help define and advance the strategy for key Utilization Management (UM) products and capabilities that support compliance, operational effectiveness, affordability, and quality outcomes. You will lead product lifecycle management efforts across critical business areas, ensuring strategic priorities are aligned with customer needs, organizational goals, and evolving industry requirements. This role offers the opportunity to influence enterprise priorities, lead Product Owners and cross-functional teams, and shape the future direction of UM foundational capabilities, appropriate payments, and compliance initiatives. Success in this role requires a balance of strategic thinking, strong leadership, stakeholder partnership, and a commitment to fostering a collaborative culture while delivering meaningful business results. What You'll Do Co-lead the product strategy and roadmap for Utilization Management products and capabilities, aligning priorities to business objectives, operational performance, and customer needs. Provide leadership and direction to Product Owners and cross-functional teams while cultivating a collaborative, high-performance culture. Drive product lifecycle management activities, including performance monitoring, strategic planning, and identification of opportunities for innovation and growth. Partner with stakeholders across compliance, operations, clinical, and business teams to establish priorities, manage resource allocation, and advance strategic initiatives. Ensure effective governance and oversight across UM foundations, appropriate payments, and compliance-related product initiatives while advancing long-term strategic outcomes. How You'll Do It Acts as voice of customer and evaluates existing products and competitor and industry data to improve existing market/product lines and make recommendations on new opportunities. Ensure presentations, communications, and implementation of all phases of product development are being done Reviews, analyzes, and makes recommendations on actions for existing products. Investigates market opportunities and effect on market for existing and new products. Engage with Product Owners to help develop short-term and long-term Market/Product Strategy Roadmaps Determines customer needs and preferences through research and analysis of industry technology, current processes, and other methods. Responsible for supporting the Product Lifecycle Management process to monitor product performance (clinical, financial, and operational) across all markets, as well as a competitive analysis research for benefits, market and regional data and trends. Supports the development of short
- and long-term strategic product promotions in support of market, sales, and profitability objectives.
- Professional Scrum Product Owner (PSPO)
- Relevant Issuer, Certified Scrum Product Owner (CSPO)
- Relevant Issuer, Agile Certified Practitioner (PMI-ACP)
- Project Management Institute (PMI), Large Scale Scrum (LeSS)
- Relevant Issuer, Scaled Agile Framework (SAFe)
- Scaled Agile Inc Role Designation Hybrid Role designation definition: Teleworking is working full time remote. Hybrid is a minimum of 2 days onsite. Onsite is full-time onsite. Anchored in Connection Our hybrid approach is designed to balance flexibility with meaningful in-person connection and collaboration. We come together in the office two days each week
- most teams designate at least one anchor day to ensure team interaction. These in-person moments foster relationships, creativity, and alignment. The rest of the week you are empowered to work remote. Compensation and Benefits $117,800.00
- $159,000.00
- $200,200.