Physician Relation Specialist (Finance)

We anticipate the application window for this opening will close on - 2 Jun 2025

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You'll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the Life

The Physician Relations Specialist will serve as a key liaison between the company and its physician partners, supporting the full lifecycle of physician engagement. This role is responsible for managing relationships with new and existing physician customers, overseeing consulting and royalty agreements, coordinating payment processes, and supporting strategic initiatives such as surgeon advisory boards. The ideal candidate will have strong organizational, communication, and compliance-focused skills to ensure the execution of activities in alignment with legal, regulatory, and company policies.

Key Responsibilities:
Customer Relationship Management:

• Serve as the primary point of contact for physician partners that would support work from R&D, Marketing, Clinical Research, Surgeon Education and Sales Education. This would include onboarding new surgeons and maintaining ongoing relationships with existing ones.
• Collaborate cross-functionally with R&D, Marketing, Strategic Partnerships and Medical Education teams to enhance the physician experience and promote engagement.

Consulting Agreement Management:

• Draft, review, and manage physician consulting agreements in coordination with Legal and Compliance teams.
• Ensure proper documentation, approvals, and tracking of consulting activities and deliverables.
• Maintain online system process of the consulting agreements through ONIT and other portals

Payment and Expense Management:

• Track and process physician consulting payments and reimbursements in a timely and accurate manner.
• Ensure all payments are aligned with fair market value (FMV) and appropriately documented for audit and compliance purposes.

Royalty Agreement Oversight:

• Administer royalty agreements, including tracking product development milestones and coordinating with internal stakeholders.
• Maintain documentation to support royalty justification and value assessment, ensuring alignment with applicable regulations

Advisory Board and Surgeon Engagement Support:

• Coordinate logistics and strategic planning for surgeon advisory boards, including agenda development, invitations, meeting coordination, and follow-up.
• Gather feedback and insights to inform business strategies, clinical development, and product innovation using the Within3 platform.
• Compliance and Documentation:
• Ensure all physician interactions and agreements comply with company policies, Anti-Kickback Statute (AKS), Sunshine Act, and other relevant healthcare regulations.
• Maintain accurate and current documentation in designated systems for audit readiness.

Basic Qualification:

• Bachelor's degree in Business, Life Sciences, Healthcare Administration, or related field
• 3-5 years of experience in physician relations, medical affairs, compliance, or contract management in the medical device, pharmaceutical, or healthcare industry.

T o be considered for this role, please ensure the minimum requirements are evident on your resume.

Preferred Qualifications:

• Strong understanding of healthcare compliance regulations (e.g., AKS, Sunshine Act, FMV).
• Excellent communication, interpersonal, and organizational skills.
• Ability to manage multiple projects and stakeholders simultaneously.
• Proficiency in Microsoft Office Suite and contract/document management systems (e.g., iContracts, MedPro, Salesforce).
• Experience working with HCP engagement platforms and/or CRM systems.
• Familiarity with royalty agreements and intellectual property considerations in medical devices.
• Prior involvement in strategic advisory board planning and execution

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position, but they are not an exhaustive list of all the required responsibilities and skills of this position.

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job, the employee is regularly required to be independently mobile. The employee is also required to interact with a computer, and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits, resources, and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD):$77,600.00 - $116,400.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

The base salary range is applicable across the United States, excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience, certification/education, market conditions, and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20+ hours per week: Health, Dental and vision insurance , Health Savings Account , Healthcare Flexible Spending Account , Life insurance, Long-term disability leave , Dependent daycare spending account , Tuition assistance/reimbursement , and Simple Steps (global well-being program).

The following benefits and additional compensation are available to all regular employees: Incentive plans, 401(k) plan plus employer contribution and match , Short-term disability , Paid time off , Paid holidays , Employee Stock Purchase Plan , Employee Assistance Program , Non-qualified Retirement Plan Supplement (subject to IRS earning minimums) , and Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums).

Regular employees are those who are not temporary, such as interns. Temporary employees are eligible for paid sick time, as required under applicable state law, and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

Further details are available at the link below:

Medtronic benefits and compensation plans

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission - to alleviate pain, restore health, and extend life - unites a global team of 95,000+ passionate people.
We are engineers at heart- putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here .

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. ("Medtronic") in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.