Apr 8, 2023
Our company's Health Economists create economic models to advise decisions on the most efficient allocation of resources available to healthcare providers, and they share their findings with a wide range of stakeholders in the healthcare business. We can support Employment Pass applications for eligible candidates for our Health Economist role. You will be asked to provide details of your right to work in Singapore within your application, however this will have no impact on the processing of your application.
Economic models in healthcare are quantitative assessments of the effects of healthcare treatments, practices, and policies, either through cost-effectiveness analysis or independent cost and benefit considerations. These models are often created in Microsoft Excel, C++, or R, and apply universal mathematical and statistical modeling techniques. Model construction usually involves fitting statistical distributions and parametric survival curves to clinical data, necessitating a strong background in statistics.
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
Liaise with external medical professionals
Work collaboratively with colleagues across healthcare disciplines
Understand the theoretical health economic framework and apply this to the project at hand
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
The Health Economist will be based in our Singapore office, and will work closely with our Asia-Pacific team, as well as collaborating with experts in our UK team. This may provide opportunities to travel to our UK offices for training and mentoring with our experienced team.
Description
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: S$4,500 per month, depending on your previous experience. However, we may be able to offer a higher starting salary for more experienced candidates or candidates with postgraduate qualifications
Benefits: Hybrid working options, generous holiday allowance, flexible working hours, private medical insurance, comprehensive travel insurance, full funding for external training, comprehensive travel insurance and more
Role Type: Full-time, permanent
Start Date: We are currently recruiting for start dates from May 2023 onwards. We have start dates every month of the year, including May, June and July
Location: Our new recruits will be based in our Singapore office
Requirements
About You
This role is well-suited to individuals with excellent communication skills who enjoy using mathematics and statistics to problem-solve and answer real world questions relating to the economic impact of decisions in healthcare. Applicants should have a genuine interest in the healthcare industry and a strong desire to contribute in this setting.
Our team of Health Economists is small but growing. We are therefore looking for someone who is motivated at the prospect of shaping and evolving this team.
Qualities and experience required include:
An undergraduate degree level qualification in a relevant discipline (minimum CAP 4/5 or equivalent). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics, statistics or computer science
Advanced skills in Excel and knowledge of VBA are required. A willingness to learn new technical and programming skills is important for the role
A basic understanding of cost-effectiveness analysis
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
Flexibility to respond to changing deadlines
Desired requirements for the role are:
Formal degree-level or higher (i.e postgraduate) training in statistics or modelling (minimum CAP 4/5 or equivalent)
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 lasting client partnerships create a direct and measurable impact on the successful launch of novel therapies and devices across a wide range of disease areas. Our vision is to be a community of the very best people, constantly challenging ourselves to make meaningful and outstanding contributions to improving healthcare.
A starting salary of S$4,500 depending on your previous experience. However we may be able to offer a higher starting salary for more experienced candidates. Salary increases are typically awarded annually and again on promotion
18 days’ annual leave plus public holidays
Private medical insurance
Flexible benefits scheme offering additional holiday, cash payments and wellbeing benefits
Paid study leave and funding for external qualifications
Comprehensive travel insurance
Flexible working hours
Regular company-funded social activities