At a Glance
- Tasks: Conduct research and build cost-effectiveness models to support healthcare decisions.
- Company: Source Health Economics, a growing consultancy with a supportive and inclusive culture.
- Benefits: Competitive salary, 25 days leave, health insurance, and flexible working hours.
- Other info: Opportunities for personal development and career growth in a dynamic environment.
- Why this job: Join a fun team and make a real impact in health economics.
- Qualifications: MSc in Health Economics or related field; experience in model building preferred.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Health Economist role at Source Health Economics. Source Health Economics is a growing HEOR consultancy specialising in health economics, value communication, systematic review, statistics, and health technology assessment. Since we were founded in 2016, we have achieved our planned year-on-year growth, allowing many opportunities for personal development. At Source, we have a technically-excellent, supportive, and friendly team, and pride ourselves on our inclusive and collaborative culture. Our core values are excellence, balance, and growth.
We strive to:
- Deliver excellence for our clients and patients, whilst
- Preserving a good work-life balance and supporting employee well-being, and
- Providing opportunities for growth for our employees.
We recruit some of the brightest minds and invest in your professional development. Source is a fun, personable company, where our technical teams work closely with each other, enabling us all to learn from some of the best minds in the business. We value our employees, and all employees are encouraged to voice their ideas and contribute to business initiatives, regardless of seniority. Source prides itself on its commitment to employee welfare, as evidenced by our high employee retention.
We have open-plan offices in Oxford and central London, with hybrid working. Our contractual working hours are 37.5 hours per week, with flexible start and finish times around our core company hours of 10am to 4pm. Alongside an opportunity to actively contribute to a growing company, we offer a competitive salary, 25 days annual leave plus UK bank holidays, option to buy an additional 3 days of annual leave, discretionary bonus scheme, opt-in employee health insurance, employee life insurance, cycle to work scheme, and above-average employer pension contributions.
The health economics team currently consists of 16 people, with six at senior level (Consultant Health Economist level and above). The team works across many different clinical areas including oncology, haematology and a number of genetic conditions. Precise deliverables vary by project, but typically consist of building de novo / adapting existing cost-effectiveness and budget impact models. Often they are developed as core elements of health technology assessments for submission to agencies such as the National Institute for Health and Care Excellence (NICE) and the Scottish Medicines Consortium (SMC). Across the team we offer opportunities for project management and line management (with additional training provided if needed, and particularly when at senior level). There are also opportunities to be involved with non-project work to support business development and internal process needs.
As a Health Economist or Associate Health Economist you will work closely and collaboratively with senior members of the health economics team, project managers, value communication, systematic review, and statistics teams to deliver high-quality evidence-based solutions for our clients. You will sometimes also be in a client-facing role.
Responsibilities:
- Undertake research, secondary data collection and referencing
- Input into the development of model specifications
- Build cost-effectiveness and budget impact models in Microsoft Excel®
- Undertake basic statistical analysis
- Write technical reports
- Communicate with and present to clients.
Requirements:
- Analytical, critical thinking and problem-solving skills
- An ability to work under pressure and to timelines
- Excellent written and verbal communication skills
- To be able to perform basic statistical analyses in (ideally) STATA
- An ability to input on appropriate model methods, data, and assumption
- Identify appropriate UK cost data
- Determine, run, and report model analyses
- Draft a model specification with some direction
- Write a technical report and user guide.
At least an MSc in Health Economics, Maths, Operational Research or equivalent. Cost-effectiveness and budget impact model building experience in a consultancy environment – either at Associate Health Economist level and ready to step up to being a Health Economist, or as an existing Health Economist. Experience of developing economic evaluations for institutes such as NICE and the SMC and a degree of familiarity with their process and methodological preferences (ideal).
Seniority level: Associate
Employment type: Full-time
Job function: Research and Consulting
Industries: Pharmaceutical Manufacturing, Public Health, and Business Consulting and Services
Health Economist employer: Source Health Economics
Source Health Economics is an exceptional employer that fosters a collaborative and innovative work culture, where your contributions directly impact the healthcare landscape. Located in the UK, we offer competitive benefits, opportunities for professional growth, and a supportive environment that encourages mentorship and skill development, making it an ideal place for passionate individuals looking to make a meaningful difference in health economics.
StudySmarter Expert Advice🤫
We think this is how you could land Health Economist
✨Get Involved with Local Health Initiatives
Join local community health events or volunteer for organisations like public health agencies. This not only builds your experience but also helps you network with industry professionals who might know of openings at places like Source Health Economics.
✨Tap into Professional Associations
Check out associations like the Institute of Healthcare Management. They often have job boards, networking events, and conferences that are perfect for connecting with potential employers in health sciences administration.
✨Stay Updated with Industry Trends
Follow health policy news and trends—being knowledgeable about the current landscape will not only help you in interviews but also make you stand out as a candidate. You can discuss recent developments and their implications when chatting with folks at Source Health Economics.
✨Apply Through Our Website for Better Visibility
When you find roles that excite you, especially at places like Source Health Economics, don’t forget to apply through our website. This can sometimes give you an edge by showing the employer you’re savvy and committed to finding the right fit.
We think you need these skills to ace Health Economist
Some tips for your application 🫡
Highlight Your Relevant Experience:When applying for a role in health sciences administration, it's super important to spotlight any relevant experience you have in healthcare settings. Whether you've worked in a hospital, a clinic, or any related environment, make sure to detail those roles in your CV – focusing on your responsibilities and achievements that align with the job at Source Health Economics.
Showcase Your Administrative Skills:Administrative skills are key in this field, so don’t hold back! Make sure your CV reflects your proficiency in things like scheduling, data management, and compliance with health regulations. Mention specific software you’ve used, such as patient management systems, as this will demonstrate your hands-on abilities and readiness for the role at Source Health Economics.
Craft a Meaningful Cover Letter:Your cover letter should reflect your passion for the health sciences field and your eagerness to contribute to Source Health Economics. Share a bit about why you’re drawn to this sector, any impactful situations or challenges you’ve encountered, and how they’ve shaped your desire to work in health sciences administration. This personal touch can really set you apart!
Tailor Your Documents to the Job:Don't use a one-size-fits-all approach! Make sure your CV and cover letter are specifically tailored for this role. Highlight any certifications you have relevant to health administration, and ensure you clearly connect your previous roles to the skills needed for the full-time position at Source Health Economics. This way, you're showing them you’ve done your homework and are genuinely interested in being a part of their team.
How to prepare for a job interview at Source Health Economics
✨Showcase Your Administrative Skills
In health sciences administration, being organised is key. Make sure you can demonstrate your skills in managing schedules, paperwork, and data accurately. Be ready to discuss specific tools you've used, like electronic health record systems or scheduling software, and how they improved efficiency in your past experiences.
✨Know Your Regulations
Familiarity with healthcare regulations and compliance is crucial. Brush up on HIPAA, GDPR, or other relevant policies before your interview. We recommend preparing examples of how you've ensured compliance or handled sensitive information in past roles—this will show you're not just knowledgeable but also responsible.
✨Prepare for Scenario Questions
Interviews for administrative roles often involve scenario-based questions to assess your problem-solving skills. Practice responses to common situations you might face, such as dealing with a challenging patient or managing a sudden schedule change. This will not only demonstrate your ability to think on your feet but also highlight your interpersonal skills.
✨Align Your Goals with the Organisation
As a full-time candidate, employers will want to know how your long-term career goals align with their mission. Take some time to research Source Health Economics’s values and be ready to tie your passion for health sciences administration into their objectives. Demonstrating enthusiasm and career alignment can be a game-changer in this competitive field!
