Strategic Sales Executive
Job Summary
Labcorp is hiring a Strategic Payer Initiatives Sales Executive to drive business development across the United States. The role focuses on identifying target health plan accounts, managing the full sales cycle, and securing new mid-market and national accounts. Candidates will lead consultative sales strategies to promote Gaps in Care programs and ensure long-term account growth.
Responsibilities
- Drive new mid-market and national account revenue
- Identify and prioritize health plan accounts and channel partners
- Manage end-to-end sales acquisition process
- Deliver strategic product presentations and sales forecasts
- Collaborate with internal teams for implementation
Required Skills
- 5+ years of sales experience
- 3+ years of payer sales experience
- Salesforce proficiency
- Knowledge of HEDIS, Medicare Stars, and NCQA
- Strong consultative and presentation skills
Job Details
Job Responsibilities:
- Drive new mid-market, national accounts, Fortune 500 payers and channel partnership business that results in additive revenue for the organization to deliver assigned annual quota.
- Identify and prioritize target health plan accounts and channel partners, understanding their needs, objectives, and pain points related to quality performance and gaps in care solutions.
- Build and maintain strong relationships with target account key decision-makers and stakeholders within health plans and channel providers to drive successful closure and ensure future utilization.
- Manage the acquisition process, from initial customer prospecting, contract signature, and relationship management (cold calling, direct outreach and events, prospecting, networking, proposal generation, contract negotiations, conversion, etc.).
- Maintain internal reporting and documentation requirements in SFDC (Salesforce.com) and other applicable areas.
- Guide prospects through the buying process, understanding needs, and anticipating challenges and hurdles to ease the prospect's ability to buy.
- Increase awareness and market knowledge of Labcorp's Gaps in Care programs and services.
- Deliver engaging, compelling sales and product presentations, with a strategic account-based selling approach focused on creating unique sales strategies at the account level.
- Collaborate with other sales and internal teams to develop new and existing relationships and ensure successful hand-offs for implementation and future utilization.
- Successfully build and execute an annual sales plan. Provide timely and accurate forecasts of sales prospects according to product, timeline and value. Prepare and submit sales reports showing sales volume, potential sales, and areas of proposed opportunity and prospects.
- Lead training for teams to educate on the product line and provide market updates.
Minimum Qualifications:
- Bachelor's degree
- 5 or more years sales experience in new business and pipeline development
- 3 years of payer sales experience
- Ability to travel 40% of the time
Preferred Qualifications:
- Bachelor's degree
- 5 or more years payer sales
Additional Job Standards:
- Experience with HEDIS, Medicare Stars, NCQA and other quality rating systems.
- Salesforce experience
- Presentation skills
- Experience collaborating with internal teams
- Consultative sales experience
- Consultative, solutions oriented
Benefits:
- Employees regularly scheduled to work 20 or more hours per week are eligible for comprehensive benefits including: Medical, Dental, Vision, Life, STD/LTD, 401(k), Paid Time Off (PTO) or Flexible Time Off (FTO), Tuition Reimbursement and Employee Stock Purchase Plan.
- Employees regularly scheduled to work less than 20 hours, Casual, Intern, and Temporary employees are only eligible to participate in the 401(k) Plan. Employees who are regularly scheduled to work a 7 on/7 off schedule are eligible to receive all the foregoing benefits except PTO or FTO.