Job DescriptionThe Product Associate will guide the Mount Sinai Health System decisions on these areas: (1) productize our specialty care, population health, and customer service assets into health care service offerings that offer the best customer value in the market (2) aggressively market these solutions to the purchaser through strategic payer relationships and other distribution channels and (3) obtain a national reputation as a thought leader on specialty care bundles through research performed through the Icahn School of Medicine.
Responsibilities1. Product Commercialization lead activities related to commercializing products including the execution of strategy for pricing, selling and marketing our products including product sales support and the support of a governance process for customer pricing and contracting. Develop detailed forecasts of product costs (fixed and variable) to recommend pricing structure that achieve financial objectives. Analyze the benefits of partnering with payers, benefit consultants and other third parties for selling the products vs. the cost of building a direct sales force.
2. Product Development lead the development of new products and product features, reducing high-level ideas to detailed designs use cases and requirements. Partner with technology and operations teams throughout MSHP and Mount Sinai Health system to develop the products on budget and on time in an agile software and service development process.
3. Product Performance lead the monitoring of product performance via measuring and analyzing of key outcome metrics during product pilots and general usage, developing information-driven recommendations for new product features and product re-positioning
4. Product Business Cases analyze market intelligence to develop and continuously update business cases for each product category. Each case will include a financial forecast of revenue and contribution margin from product sales and operations and recommend actions including sizing investments required for and viability of new product launches, prioritizing product investment decisions, and build/buy/partner decisions.
5. Market Intelligence Research lead the re-positioning of existing products and the identification of new product opportunities via thorough ongoing 1st and 3rd party research of the addressable market, competitor offerings, and government regulations. Such research will include organization of focus groups and the completion of surveys with employers and consumers directly, as well as analysis of third-party data obtained from the internet and from subscriptions. Data obtained from these sources will be quantitatively and qualitatively analyzed, leveraging software for data mining and storage, to size and characterize customer needs, competitor strengths and weakness to identify and quantify risks and opportunities.
6. Other duties as required
QualificationsEducation Requirements- Bachelors Degree required.
Experience- 2-3 years of professional experience in the health care industry
- Experience with leading management consulting firm(s) and/or leading payer(s).
- Experience developing market research and business cases for new strategies or products. Experience in a fast paced, corporate environment.
- Experience with SQL, SAS, R, or Tableau to analyze large data sets.
- Expertise in quantitative analysis using Microsoft Excel required.
- Expertise in using Microsoft PowerPoint in developing presentations.
Compensation StatementThe Mount Sinai Health System (MSHS) provides salary ranges that comply with the New York City Law on Salary Transparency in Job Advertisements. The salary range for the role is $72,473.00 - $108,709.00 Annually. Actual salaries depend on a variety of factors, including experience, education, and operational need. The salary range or contractual rate listed does not include bonuses/incentive, differential pay or other forms of compensation or benefits.
Non-Bargaining Unit, M7H - MSO Specialty Care and Partnerships - MSH, Mount Sinai Hospital
