Description
The Principal Product Manager is a pivotal position within our product team, with a focus on identifying and driving market opportunities, developing new products/applications, supporting current platform applications, and managing financial performance of business cases. This role involves extensive collaboration with cross-functional teams, including business, technical, and financial stakeholders, to shape Vatica Health’s platform direction, vision, and roadmap. The Principal Product Manager serves as a strategic partner to guide and define product priorities, ensuring alignment with organizational goals and market trends.
Responsibilities
Market Analysis and Strategy
- Conduct in-depth market research to identify emerging opportunities, assess competitive landscape, and align product strategy with market trends.
- Collaborate with stakeholders to define market entry strategies for new products, including target segmentation and positioning.
- Establish and monitor key performance indicators (KPIs) to track product success and market alignment for Epic and Feature level
Product Development and Launch
- Drive the product lifecycle from ideation through to launch, ensuring products meet both internal and external customer and market needs.
- Develop detailed product ability requirements and features, aligning them with business goals and customer insights.
- Define the Tech specifications needed for the product and/or SKU to launch
- Work closely with the development team to prioritize and sequence backlog items, participating in grooming and planning sessions.
Lean Canvas / Business Case/Model Management
- Collaborate with finance and executive leadership to develop financial models & business case and manage financial impact on new and existing products.
- Set pricing and revenue targets with the Growth team, forecasting financial outcomes/impact and monitoring profitability across product lines for owned offerings.
- Regularly assess product KPI(s) performance, identifying areas for cost optimization, yield improvement, and revenue enhancement.
Stakeholder Collaboration and Communication
- Serve as the primary point of contact for product-related decisions during planning and grooming sessions.
- Align with cross-functional teams, including sales/growth, marketing/strategy, clinical operations, compliance/legal, and infrastructure support, to ensure smooth product rollouts.
- Lead stakeholder communications, providing updates on progress, roadblocks, and strategy adjustments.
- Participate and lead in Product Advisory Boards (PAB)
Strategic Roadmap and Feature Prioritization
- Develop and maintain a product roadmap within Aha!, ensuring alignment with organizational goals and stakeholder priorities.
- Identify and document “definition of done” criteria for each feature and user story within Aha!.
- Make sure all features meet the “definition of ready”
- Produce business workflows, high level data mapping, and design business processes to streamline feature delivery and can be visible in the initiative for transparency across the portfolio.
Quality Assurance and Continuous Improvement
- Participate in User Acceptance Testing (UAT) and sprint demos, ensuring all features meet the “definition of done.”
- Utilize customer feedback to iterate on product features and enhance user experience.
- Participate and present in Product Advisory Board (PAB) meetings
- Collaborating with architects and technical leads to address non-functional requirements, including scalability and performance.
Requirements
Experience and Education
- Bachelor’s degree in business, finance, computer science, or related field; MBA or equivalent experience is a plus.
- 5+ years of experience in product management, with a focus on market analysis, product development, and financial management.
- Proven experience in managing P&L for product lines, developing financial models, and setting revenue targets. 2+ years of Healthcare Financials or TAM experience preferred.
- Experience in a software development environment, utilizing Agile methodologies with distributed onshore and offshore teams.
Industry Knowledge
- In-depth knowledge of market analysis, segmentation, and positioning within a SaaS environment.
- Strong understanding of financial forecasting, budgeting, and revenue management practices.
- Preferred experience +4 years in healthcare Risk Adjustment and Quality (Stars and Hedis Measures) area or similar industry.
Competencies
Market Insight & Financial Acumen
- Deep understanding of market dynamics and financial principles, enabling strategic decision-making and revenue optimization.
- Strong ability to translate financial insights into actionable product strategies.
Collaborative Influence & Communication
- Skillfully navigates cross-functional teams, building partnerships that align with shared goals.
- Communicates effectively with stakeholders at all levels, ensuring alignment and clarity.
Adaptability and Agility
- Responds quickly to changing market conditions, adjusting strategies in real-time to maintain competitive advantage.
- Demonstrates flexibility in approach and thrives in a dynamic environment.
Organizational Savvy & Strategic Vision
- Proactively understands company goals and aligns product strategy to support them.
- Balances long-term vision with short-term priorities to drive sustained growth and success.
Stakeholder Management and Conflict Resolution
- Anticipates and balances the needs of multiple stakeholders, ensuring fair and equitable responses.
- Skilled at navigating and resolving conflicts to maintain productive working relationships.
Benefits
WORKING AT VATICA HEALTH ADVANTAGES
Prosperity
- Competitive salary based on your experience and skills – we believe the top talent deserves the top dollar
- Bonus Potential (based on role and is discretionary) – if you go above and beyond, you should be rewarded
- 401k plans– we want to empower you to prepare for your future
- Room for growth and advancement- we love our employees and want to develop within
Good Health
- Comprehensive Medical, Dental, and Vision insurance plans
- Tax-free Dependent Care Account
- Life insurance, short-term, and long-term disability
Happiness
- Excellent PTO policy (everyone deserves a vacation now and then)
- Great work-life balance environment- We believe family comes first!
- Strong supportive teams- There is always a helping hand when you need it
The salary for a position is typically determined by multiple factors such as the individual's qualifications, experience, skills, and location. The projected compensation range for the position may vary based on these factors and could range from $150,000 to $170,000(annualized USD). However, this estimate represents just one aspect of our total compensation package offered.
