Health Economist

Location: Comber

Contract Type: Permanent Full Time

Closing Date: 04 June 2024

Salary: Competitive

Health Economist

ABOUT THE ROLE

As we continue to grow our organisation we are looking to welcome our first Health Economist to the team. You will have a genuine passion for understanding and communicating the value of healthcare through economic modelling and data analysis.

As Health Economist you will act as a Technical Lead for assigned health economics and other projects and contribute to the growth and development of health economic solutions.  These solutions will underpin our growth strategies in Ostomy, Respiratory and Surgical in the UK and Internationally. 

As Health Economist, you will collaborate closely with cross-functional teams including Marketing, R&D, Commercial Operations and Clinical Affairs to support evidence-based decision-making and strategic initiatives.

KEY ACTIVITIES

  • Health Economic Analysis: Conduct health economic evaluations, cost-effectiveness analyses, budget impact assessments, and other quantitative analyses to demonstrate the value proposition of our products within the medical devices and ostomy market.
  • Market Access Support: Provide health economic expertise to support market access strategies and reimbursement submissions in diverse international markets, ensuring alignment with regulatory requirements and payer preferences.
  • Value Communication: Develop compelling value dossiers, health economic models, and evidence-based value propositions tailored to different stakeholders including healthcare providers, payers, policymakers, and patients.
  • Evidence Generation: Collaborate with internal and external stakeholders to design and implement health economic studies, real-world evidence generation initiatives, and patient-reported outcomes research to strengthen the evidence base supporting our products.
  • Strategic Insights: Monitor healthcare trends, policy changes, and market dynamics to identify opportunities and risks, providing strategic insights and recommendations to inform product development, pricing, and market access strategies.
  • Cross-Functional Collaboration: Work closely with cross-functional teams including Marketing, R&D, Clinical Affairs, and Commercial teams to integrate health economic considerations into product development, launch planning, and lifecycle management activities.
  • External Engagement: Represent the company in external forums, conferences, and collaborations with key opinion leaders, healthcare decision-makers, and professional organizations to enhance the company's reputation and influence in the respiratory, surgical and ostomy markets.

Other

  • To adhere to the company’s Equal Opportunities policy and Dignity at work policy in all activities and to actively promote equality of opportunity wherever possible
  • To be responsible for your own health and safety and that of your colleagues, in accordance with the company’s’ Health and Safety policy
  • To adhere to the company’s Quality policy and Environmental policy
  • To undertake other duties as may be reasonably required

KEY SKILLS

Essential

  • Post graduate qualification in Health Economics, epidemiology, statistics or medical sciences
  • Economic Analysis: Proficiency in economic theories, principles, and methodologies to analyse healthcare markets, costs, and outcomes. 
  • Statistical Analysis: Ability to work with healthcare data, conduct regression analysis, and interpret statistical findings to inform decision-making.
  • Healthcare Policy Knowledge: Understanding of healthcare systems, policies, and regulations to assess their economic implications and propose relevant solutions.  In-depth understanding of the perspectives and evidence needs of a variety of stakeholders
  • Econometric Modelling: Proficiency in building and interpreting econometric models to forecast healthcare trends, analyse market dynamics, or evaluate policy impacts.
  • Health Economics Theory: Familiarity with health economic theories such as demand and supply of healthcare services, moral hazard, and adverse selection.
  • Data Analysis Tools: Competence in using statistical software (e.g., Stata, R, SAS) and data visualization tools to analyse and present healthcare data effectively.
  • Health Outcomes Research: Ability to assess health outcomes, quality of life, and patient preferences to inform healthcare resource allocation and policy decisions.
  • Self-starter with strong communication skills.
  • Ability to travel to international locations to visit clinical locations.

Desirable

  • Product knowledge within Ostomy, Respiratory & Surgical therapies
  • UK and International market experience

KEY WORKING RELATIONSHIPS

Internal

  • Influencing across Operations, Commercial, R&D

External

  • Healthcare providers
  • Payers
  • Policy Makers
  • Patient Advocacy Groups

ADDITIONAL INFORMATION

  • Reporting into the CFO
  • Based from either Coleraine or Comber site
  • Ability and willingness to travel between core sites and occasional International travel

COMPETENCIES

Business Insight
Applying knowledge of business and the marketplace to advance the organization’s goals.

Manages Complexity
Making sense of complex, high quantity, and sometimes contradictory information to effectively solve problems.

Balances Stakeholders
Anticipating and balancing the needs of multiple stakeholders.

Global Perspective
Taking a broad view when approaching issues, using a global lens.

Ensures Accountability
Holding self and others accountable to meet commitments.

Builds Networks
Effectively building formal and informal relationship networks inside and outside the organization.

Communicates Effectively
Developing and delivering multi-mode communications that convey a clear understanding of the unique needs of different audiences.

Manages Ambiguity
Operating effectively, even when things are not certain, or the way forward is not clear.

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