Health Economist

Role Summary

Responsibilities: You will be responsible for developing economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicating these insights to a variety of stakeholders
Salary: £42,000 per annum
Benefits: Discretionary profit share bonuses, hybrid working options, generous holiday allowance, flexible working hours, employer pension contributions, comprehensive travel insurance, private medical insurance, critical illness cover, income protection, full funding for external training, interest-free travel loan scheme, discounted gym memberships, and more
Role Type: Full-time, permanent
Start Date: We are currently recruiting for start dates from January 2024, which occur on a monthly basis
Location: This role is available in our Global Headquarters in Cambridge, as well as our London, Manchester and Bristol offices

About The Role

Health Economists at Costello Medical develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicate these insights to a variety of stakeholders in the healthcare industry. Economic models within the realm of healthcare are quantitative assessments of the impact of healthcare treatments, practices and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. These models are typically built in Microsoft Excel, R, or C++, employing universal mathematical and statistical modelling techniques. Model development can frequently involve fitting statistical distributions and parametric survival curves to clinical data and therefore requires a good knowledge of statistics. In this role, you will typically be working on multiple projects at any one time, starting at around 3 to 4 projects at a time when you join using.

The models developed by our Health Economists have real- world implications, aiming to improve the efficiency of healthcare systems by using robust methodological frameworks to inform decision-making. Producing an economic evaluation therefore requires Health Economists to:

Research and critically appraise medical and economic literature
Understand the theoretical health economic framework and apply this to the project at hand
Liaise with external medical professionals
Work collaboratively and build relationships with colleagues across healthcare disciplines
Build high-quality, technically robust and clinically valid models in Microsoft Excel or other software
Interpret and analyse model results, producing technically accurate written reports of methodologies and outcomes

A Day in the Life of a Health Economist

To learn more about a typical day for a Health Economist at Costello Medical, please click here: https://www.costellomedical.com/day-in-the-life/he...

Career Profile

We offer many opportunities for personal and professional development at Costello Medical. Please click below to read firsthand accounts from our colleagues about their time with the company: https://www.costellomedical.com/careers/working-at...

Requirements

About You

Applicants should have a genuine interest in the healthcare industry and a strong desire to contribute to projects in this setting.

Essential requirements for the role are:

A degree level or higher qualification in a relevant discipline (minimum 2.1). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics or computer science
A-level in Mathematics (minimum B grade or equivalent)
Advanced skills in Excel and knowledge of VBA. A willingness to learn and improve technical and programming skills is important for the role
Excellent written and oral communication skills and the ability to explain complex modelling techniques and results to non-experts
The ability to use your initiative and work independently, in addition to working collaboratively within project teams
A high degree of accuracy and attention to detail in both quantitative and qualitative settings
Strong organisational skills, the ability to plan your own work effectively and the demonstrate flexibility to respond to changing deadlines
Integrity, a proactive approach to your work, and a keen interest in developing your skills

Desired requirements for the role are:

Formal degree-level or higher (i.e. postgraduate) training in statistics or modelling
Familiarity with other software (such as R, C++, STATA)
Experience of having applied economic and mathematical modelling techniques in an industry setting

Benefits

About Costello Medical

Costello Medical is a rapidly growing global healthcare agency specialising in medical communications, market access and health economic and outcomes research. We work with a wide range of clients, including the industry's successful pharmaceutical and medical technology companies, patient and public health bodies and charitable organisations. Our mission is to be a community of the very best people, building trusted partnerships across the healthcare sector by delivering an exceptional service. Our vision is to be a leading global partner consistently striving for meaningful and outstanding contributions that improve people's health and lives.

We are committed to our company values which are central to creating our fun, friendly and innovative workplace in which we strive to deliver the highest standards of quality. As a result, we have been listed in The Top 100 Companies to Work For list for six consecutive years.

On 27th May 2022 Costello Medical received its certification as a B Corporation. We are really proud of this achievement as it demonstrates that Costello Medical is meeting the highest standards of verified social and environmental performance. We underwent a rigorous assessment that covered the whole of our business including employee benefits, charitable giving and sustainability. We believe this certification is external validation of our mission to be a force for good.

The Recruitment Process

Our recruitment process includes a telephone interview with a member of the Talent Acquisition team. Following this, you will be sent a technical and proofreading assessment which requires you to use Excel. If successful, you will be invited to an interview which will include a short presentation you can prepare for in advance. Our standard recruitment process lasts around 6 weeks however, this is adapted if necessary.

As an equal opportunity employer, we are committed to fostering a diverse and inclusive workforce and, throughout the recruitment process, there are a number of reasonable adjustments we can provide. Please click here to read more about this and contact the People Team via [email protected] should you require reasonable adjustments at any stage.

We are currently recruiting for start dates from January 2024 and you will be asked to state your availability on your application form. Whilst there are no set application deadlines, we strongly recommend applying as early as possible so that we can begin processing your application. The role may close when suitable candidates are found. Please note that this role is available in our Global Headquarters in Cambridge as well as our London, Manchester and Bristol offices. You can learn more about our office locations here: www.costellomedical.com/careers/locations

What We Offer

A starting salary of £42,000 per annum
A discretionary profit share bonus paid twice per year
25 days' annual leave plus bank and public holidays
The chance to work from home for up to half of your working time
Flexible benefits scheme offering additional holiday, cash payments and pension contributions
4% employer pension contributions
Private Medical Insurance which offers comprehensive cover on a "medical history disregard" basis
Paid study leave and funding for external qualifications
Cycle to Work scheme and an interest-free travel loan scheme
Critical Illness Cover, Income Protection and Life Assurance
Access to an Employee Assistance Programme
Discounted gym membership
Comprehensive travel insurance
Flexible working hours
Regular company-funded social activities

Please click here to learn about our reward package and the other benefits of working for Costello Medical: https://www.costellomedical.com/careers/benefits-package-in-the-uk/

How To Apply

You are required to submit your CV and a cover letter via our online application form. In your cover letter, you must explain why you think you would be suited to the role and why you would like to join Costello Medical, with examples to support both. As written communication is a vital skill for this role, if your cover letter is suspected to have been generated by Artificial Intelligence (AI), your application is likely to be disqualified. Your CV should clearly state the dates of all qualifications and grades achieved where applicable.

Please contact the Talent Acquisition team at [email protected] if you have any questions about the role or application process.

Visa Sponsorship

We can provide visa sponsorship for eligible candidates for our Health Economist role. You will be asked to provide details of your right to work in the UK within your application, however this will have no impact on the processing of your application.