Health Economist

London, England, United Kingdom

11/21/2024

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 that allow you to work from home up to 50% of your time after passing probation, 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 February 2025 onwards, and you will be asked to state your availability on your application form
• Location: This role is available in our Global Headquarters in Cambridge, 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 medical sector. These models are quantitative assessments of the impact of healthcare treatments, practices and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. They 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 us.

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
  
  
  

Hybrid Working Policy: We recognise 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 who have passed probation to work from home for up to half of the time, measured across a 2-week rolling period. During your probationary period (normally the first 6 months of the role) you will be able to work from home for 1 day per week.

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/health-economist.html

Requirements

About You

Alongside 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 also 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 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 qualification (i.e. postgraduate) training in statistics or modelling (minimum 2.1)
• 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 most 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 video interview which can be conducted at your own convenience within the given time frame. If successful, you will be sent a technical and proofreading assessment which requires you to use Excel. If you receive a positive score on your assessments, you will then 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 can be 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 recruitment@costellomedical.com should you require reasonable adjustments at any stage.

We are currently recruiting for start dates from February 2025 onwards, which occur on a monthly basis. 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: https://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 after passing probation
• 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 memberships
• 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. Your CV should clearly state the dates of all qualifications and grades achieved where applicable.

While we embrace Artificial Intelligence (AI) technologies to innovate and improve processes, we want to understand your unique skills and experiences throughout the recruitment process. Therefore, if you use AI to assist with your application, we recommend that you do not rely solely on this technology to generate your application materials. As your role may involve developing new written content from scratch and handling confidential data that cannot be uploaded to AI technology, it is important for us to assess your own skills and abilities.

Please contact the Talent Acquisition team at recruitment@costellomedical.com if you have any questions about the role or application process.

Visa Sponsorship

Due to the Skilled Worker visa regulations, you will only be eligible for visa sponsorship if you meet at least one of the following criteria:

• You are classified as a New Entrant. This means you are under the age of 26, currently studying in the UK or a recent graduate in the UK (Please read more about the New Entrant criteria: https://www.gov.uk/government/publications/skilled-worker-visa-caseworker-guidance/skilled-worker-caseworker-guidance-accessible#bookmark63)
• You have a PhD in a STEM subject
  
  

You will be asked to provide details of your right to work in the UK within your application, which will be used to help assess your eligibility for visa sponsorship.

Please check the following link to read more about the criteria on the UK government website: https://www.gov.uk/skilled-worker-visa/when-you-can-be-paid-less. Please contact recruitment@costellomedical.com should you have any questions.