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Principal Product Manager, Platform Solutions

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. 

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. 

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.

Average salary estimate

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$170000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Principal Product Manager, Platform Solutions, Vatica Health

Vatica Health is on the lookout for a dynamic Principal Product Manager for Platform Solutions! In this critical role, you'll be at the forefront of identifying and seizing market opportunities, steering new product development, and maximizing the financial performance of our platform applications. Your knack for collaboration will shine as you work alongside diverse teams—from business and technical to financial stakeholders—to set the strategic direction and roadmap for our products. Think of yourself as a strategic partner who bridges gaps, harmonizes visions, and ensures that our product priorities match up with organizational goals and current market trends. You'll be diving into market analysis to uncover emerging opportunities while collaborating on market entry strategies. As you drive the product lifecycle, your expertise will guide everything from ideation and development to the successful launch of products that meet customer needs. Plus, your insights will contribute to making sound financial decisions for our offerings, shaping the future of Vatica Health’s platform. With your seasoned experience and a genuine enthusiasm for healthcare innovation, you're exactly the leader we want to help us grow and succeed in this exciting landscape!

Frequently Asked Questions (FAQs) for Principal Product Manager, Platform Solutions Role at Vatica Health
What are the key responsibilities of a Principal Product Manager at Vatica Health?

As a Principal Product Manager at Vatica Health, you'll be responsible for a variety of critical tasks including market analysis to pinpoint new opportunities, driving product development from initial ideation to launch, collaborating with cross-functional teams, and managing financial performance. You'll oversee key performance indicators and work closely with stakeholders to ensure product priorities align with both market trends and the organization's goals.

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What qualifications do I need to apply for the Principal Product Manager position at Vatica Health?

Candidates for the Principal Product Manager position at Vatica Health should possess a Bachelor’s degree in business, finance, computer science, or a related field. An MBA is preferred but not necessary. You'll need at least 5 years of experience in product management, with an emphasis on market analysis and financial management, ideally in the healthcare sector focusing on financials or risk adjustments.

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What is the expected salary range for a Principal Product Manager at Vatica Health?

The expected salary range for the Principal Product Manager at Vatica Health typically varies based on individual qualifications, experience, and skills, ranging from $150,000 to $170,000 annually. This figure reflects just one part of the comprehensive compensation package offered by Vatica Health.

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How does collaboration work for a Principal Product Manager at Vatica Health?

Collaboration is key in the role of Principal Product Manager at Vatica Health. You'll engage with cross-functional teams including sales, marketing, compliance, and clinical operations to ensure that product rollouts are seamless and well-coordinated. Your role entails leading stakeholder communications and providing regular updates on progress and strategy adjustments.

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What kind of product lifecycle involvement does a Principal Product Manager have at Vatica Health?

As the Principal Product Manager at Vatica Health, you will oversee the entire product lifecycle. This means driving product development from initial concept through to launch, ensuring that each product meets both internal and external needs. You'll also work on backlogs and prioritize features based on market demands and customer insights, actively participating in Agile and development sessions.

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Common Interview Questions for Principal Product Manager, Platform Solutions
Can you describe your experience with market analysis as it relates to product management?

In my previous roles, I conducted extensive market research, identifying key trends and competitive landscapes to inform product strategy. I utilized tools like SWOT analysis and customer feedback to tailor our products to meet market demands effectively, and I collaborated closely with sales and marketing teams to ensure alignment in our strategies.

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How do you prioritize features in the product development process?

I prioritize by aligning potential features with strategic business goals and customer insights. Utilizing frameworks like MoSCoW (Must, Should, Could, Won't), I categorize features based on their importance and impact on user experience and business outcomes, ensuring effective release planning.

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What methods do you use to measure product success?

To measure product success, I establish key performance indicators (KPIs) early in the development process. I also rely on customer feedback and analytics tools to assess user engagement, revenue impact, and customer satisfaction to continually iterate and optimize the product post-launch.

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Describe a challenging project you've managed. How did you handle it?

In a challenging project focused on a product launch, we encountered delays in development due to unforeseen technical issues. I facilitated regular communication between teams and stakeholders, adapting our timeline and resource allocation as necessary. Through transparent updates and setting clear expectations, we successfully launched the product with minimal disruption.

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How do you ensure alignment between cross-functional teams?

I ensure alignment between cross-functional teams by establishing regular check-in meetings and utilizing collaboration tools where everyone can access project timelines and updates. Clear communication and shared goals help teams stay on the same page, and I encourage feedback and open dialogue to address any concerns promptly.

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What experience do you have with Agile methodologies?

With over 5 years in product management, I've led Agile teams through the entire product lifecycle. My experience includes facilitating sprint planning, daily stand-ups, and retrospective meetings, focusing on iterative development and continuous improvement to adapt to changing market conditions swiftly.

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How do you handle stakeholder communications during a product rollout?

During a product rollout, I keep stakeholders informed through structured updates, ensuring they receive timely information about progress, challenges, and changes to the timeline. I emphasize transparency and invite feedback to foster a sense of joint ownership in achieving our goals.

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Can you give an example of how you've used customer feedback to improve a product?

I launched a feedback initiative post-launch where we analyzed user reports on product usability. Based on these insights, we iterated key features to enhance user experience, resulting in a significant increase in user satisfaction ratings and customer retention.

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What strategies do you deploy for financial forecasting in product management?

I implement historical data analysis alongside market trends to project revenue forecasts for our products. Collaborating with finance teams allows for the formulation of solid financial models, which I regularly adjust based on performance metrics and market shifts to maintain accuracy.

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How do you approach conflict resolution within your teams?

I approach conflict resolution by first listening to all perspectives involved to fully understand the issue. From there, I facilitate a discussion to find common ground and potential solutions, promoting a culture of collaboration and respect in addressing any disagreements.

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Founded in 2011, Vatica Health is the leading provider-centric risk adjustment and quality of care solution for health plans and health systems. By pairing expert clinical teams with cutting-edge, HITRUST-certified technology at the point of care,...

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Full-time, remote
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January 10, 2025

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