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: $73,000 to $76,000 per annum depending on previous experience (please note this is a standardized, non-negotiable salary)
• Benefits: Hybrid working options that allow you to work from home up to 50% of your time, generous holiday allowance, flexible working hours, private medical and dental insurance, 401K plan, life insurance, full funding for external training, comprehensive travel insurance and more
• Role Type: Full-time, permanent
• Start Date: We are currently recruiting for start dates throughout 2025 and you will be asked to state your availability on your application form
• Location: This role is available in our Boston office 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 when joining. 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
• Liaise with external medical professionals
• Work collaboratively and build relationships with colleagues across healthcare disciplines
• Understand the theoretical health economic framework and apply this to the project at hand
• Build high-quality, technically robust and clinically valid models in Microsoft Excel or other software
• Interpret and analyze model results, producing technically accurate written reports of methodologies and outcomes Hybrid Working Policy: We recognize that home-working can improve work life balance, reduce commuting times and costs, and provide the opportunity to juggle personal commitments. At the same time, we believe that having face-to-face time in the office holds many benefits and is central to ensuring that the community we have created, where people have a workplace they belong to and feel part of, is never lost. Therefore, we offer flexible working arrangements that allow our colleagues to work from home for up to half of the time, measured across a 2-week rolling period. 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: Career Profile We offer many opportunities for personal and professional development at Costello Medical. Please click below to read first-hand accounts from our colleagues about their time with the company: About You Applicants should have a genuine interest in the healthcare industry and a strong desire to contribute to this setting. Essential requirements for the role are:
• A degree level or higher qualification in a relevant discipline (minimum GPA 3.3 or equivalent). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics or computer science
• High school mathematics (minimum B grade or equivalent). AP/IB mathematic courses (minimum B grade or equivalent) are preferential but not required
• Advanced skills in Excel and knowledge of VBA. A willingness to learn new 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
• Strong organizational skills, the ability to plan your own work effectively and demonstrate flexibility to respond to changing deadlines
• Demonstrating 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 (minimum GPA 3.3 or equivalent)
• Familiarity with other software

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