Cost Containment Summer Intern at ParetoHealth

Philadelphia, Pennsylvania, United States

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Not SpecifiedCompensation

InternshipExperience Level

InternshipJob Type

NoVisa

Healthcare, Health Benefits, InsuranceIndustries

Requirements

Currently pursuing a degree in Business, Finance, Risk Management, or a related field (Risk Management and Insurance (RMI) is ideal)
Must be a Junior or Senior attending an accredited College or University
Ability to work in the Philadelphia, PA office beginning in June through August
Authorized to work in the United States without sponsorship both now and in the future
Data Analysis Skills: Ability to work with large datasets, identify trends, and deliver actionable insights
Analytical Mindset: A strategic thinker with the ability to solve complex problems and provide data-driven recommendations
Excel Proficiency: Strong skills in Excel for data cleaning, reporting, and modeling
Project Management: Organized and capable of managing timelines and deliverables effectively

Responsibilities

Support cost-containment initiatives by identifying inefficiencies and opportunities for savings within client data
Create detailed Excel reports and models to track progress and performance metrics
Assist in project management activities, ensuring tasks are completed on time and align with team goals
Conduct research and provide insights into risk management and financial strategies to support client outcomes

Skills

data analysis

financial analysis

project management

financial risk management

healthcare cost optimization

ParetoHealth

Self-insured employee health benefits solutions

About ParetoHealth

ParetoHealth offers employee health benefits solutions for small and medium-sized businesses through a self-insured model, allowing companies to set aside funds for health claims instead of paying insurance premiums. Their main product is the "benefits captive" program, where multiple companies share the risk of health claims, helping to manage costs and provide comprehensive benefits. Unlike competitors, ParetoHealth uses data-driven intelligence to monitor and control claims costs, ensuring employees receive quality care at competitive prices. The company's goal is to deliver a complete solution for health benefits while fostering diversity, equity, and inclusion in the workplace.

Philadelphia, PennsylvaniaHeadquarters

2011Year Founded

$522.1KTotal Funding

GROWTH_EQUITY_VCCompany Stage

Data & Analytics, Consulting, HealthcareIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

401(k) Company Match

401(k) Retirement Plan

Risks

Increased competition from new entrants may erode ParetoHealth's market share.

Economic downturns could reduce SME spending on employee benefits, impacting revenue.

Regulatory changes could increase compliance costs for self-insured health plans.

Differentiation

ParetoHealth offers a unique self-insured model for SMEs to control health costs.

Their benefits captive program pools resources to mitigate large health claim risks.

Data-driven intelligence is used to manage and control employee health claims costs.

Upsides

Warburg Pincus's investment indicates strong market confidence in ParetoHealth's growth potential.

Reaching 2,000 employers in their captive program shows successful market penetration.

New leadership roles focus on enhancing customer experience and expanding market reach.

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