Health Economics Analyst at Medtronic

Mounds View, Minnesota, United States

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Healthcare, MedtechIndustries

Requirements

Bachelor’s degree required
Minimum of 2 years of relevant experience, or advanced degree with a minimum of 0 years of relevant experience
Solid understanding of data normalization, joins, and relationships between datasets (Nice to Have)
Demonstrated proficiency in Excel (Nice to Have)
Experience with data visualization tools such as Tableau, Power BI (Nice to Have)
Strong analytical and critical thinking skills including the ability to identify key trends and drivers and proven experience translating healthcare data into meaningful, concise information (Nice to Have)
Ability to work in fast paced environment with high attention to detail (Nice to Have)
Strong relationship building, communication and interpersonal skills (Nice to Have)
Experience with value communication platforms such as BaseCase® (Nice to Have)
Experience with US healthcare data analytics including U.S. healthcare coding (HCPCS/CPT, ICD-10) and Medicare payment systems (ideal candidate)

Responsibilities

Consolidate and organize data from multiple sources into a structured, relational data model
Develop and maintain automated dashboards and interactive reports in Power BI (or equivalent BI tools)
Translate and adapt Excel-based economic models into customer value communication software, ensuring model logic, calculations, and assumptions are accurately represented
Translate business requirements into analytical solutions and visual reports
Provide training or guidance to business users on how to navigate dashboards and interpret outputs
Partner with other members of the Health Economics, Policy & Reimbursement (HEPR) team as well as other business colleagues across the Surgical operating unit to develop data-driven resources to support patient access
Structure data for analysis, build repeatable reporting workflows, and visualize key insights in tools such as Excel, Power BI, and other value communication platforms

Skills

Excel

Power BI

US healthcare data analytics

HCPCS/CPT

ICD-10

Medicare payment systems

data modeling

dashboards

economic models

value analysis

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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