Job Summary Table of Healthcare Business Analyst

Job Description Summary

Stanford Medicine Catalyst seeks a passionate Healthcare Business Analyst to evaluate and develop innovative healthcare projects. This role is crucial for advancing medical innovations with global impact potential.

Healthcare Business Analyst Responsibilities and Opportunities

The Healthcare Business Analyst position at Stanford Medicine Catalyst represents a unique opportunity to participate in the advancement of healthcare innovations on a global scale. Stanford Medicine Catalyst was specifically designed to nurture and accelerate the groundbreaking innovation that occurs at Stanford. This program identifies inventions and ideas with the highest potential to transform health and biomedicine worldwide.

Key Responsibilities

• Healthcare Innovation Analysis: Conduct comprehensive due diligence for projects seeking entry into the Catalyst program, including market analysis, competitive analysis, business plan review, IT and data analysis, alignment with Stanford’s goals, and SWOT analysis.
• Strategic Recommendation Development: Participate in assessing projects and provide recommendations to Stanford Medicine Catalyst Leaders for review and approval.
• Program Planning and Operations: Facilitate planning and operations for programs that have significant business, regulatory, and technical challenges requiring subject matter expertise.
• Policy Evaluation: Evaluate programs, policies, and procedures; identify issues and develop alternative solutions which may include changes to programs, policies, and procedures.
• Trend Analysis: Review and analyze trends to advise and develop recommendations to achieve or modify program goals.
• Representation: Represent the program within the department, unit, or school, as well as at the university level and/or to external/internal stakeholders.
• Outreach Strategy: Manage and contribute to the development of outreach strategies that may include relationship development, communications, and compliance.
• Budget Management: Develop and/or oversee budgets; manage finances including monitoring, analyzing, forecasting, and reporting.
• Project Leadership: Lead cross-team efforts or direct other staff or interns to complete projects.

Healthcare Business Analyst Qualifications and Skills

As a Healthcare Business Analyst at Stanford Medicine Catalyst, you’ll need to demonstrate a unique blend of analytical skills, healthcare knowledge, and entrepreneurial understanding.

Required Qualifications

• Bachelor’s degree and five years of relevant experience, or equivalent combination of education and experience.
• Demonstrated ability to establish priorities, manage shifting priorities, and handle numerous time-sensitive projects with multiple deadlines.
• Excellent diplomatic and tactful approach to accomplishing goals through formal and informal channels.
• Strong creative problem-solving, critical analysis, initiative, judgment, and decision-making skills.
• Demonstrated ability to develop and meet budget goals.
• Solid planning and organizational skills.
• Experience working independently and as part of a team.
• Excellent interpersonal, written, and oral communication skills.
• Strong relevant subject matter knowledge.
• Leadership skills to direct the work of others, when supervision is required.

Desired Qualifications

• Master’s or Ph.D. degree in Business, Science, or related field.
• Strong technical and quantitative skills, with demonstrated ability to execute complex analysis.
• Ability to communicate effectively to build influential relationships with senior management, executives, and external partners.
• Experience managing projects/programs with successful delivery to deadlines.
• Proficiency with software tools including Google Suite, MS Office (Excel, Word, PowerPoint), Airtable, Smartsheets, Mural, Lucidchart, Tableau, and Illustrator.
• Experience with Client Relationship Management/Marketing (CRM) software, preferably Salesforce.

Primary Characteristics

• 💡 Passion for healthcare and the healthcare startup marketplace
• 📰 Avid follower of healthcare entrepreneurial news streams
• 📊 Analytical mindset with a passion for data
• 🤝 Understanding of entrepreneurs and their challenges
• 🌉 Ability to bridge the needs and language of an academic medical center and industry

Benefits and Perks at Stanford Medicine

Working at Stanford Medicine comes with comprehensive benefits and rewards:

• Competitive salary range of $116,849 to $148,275 per annum
• Extensive benefits package detailed on the Cardinal at Work website
• Opportunity to work in a hybrid arrangement
• Chance to be part of groundbreaking healthcare innovation
• Collaboration with brilliant entrepreneurs and medical professionals
• Direct impact on launching Stanford innovations to make a worldwide impact
• Career growth in a prestigious medical institution

Company Overview: Stanford Medicine Catalyst

Stanford Medicine Catalyst was created to cultivate and advance the unmatched innovation that occurs at Stanford. The program selects inventions and ideas with the highest potential to have a transformative effect on health and biomedicine at a global scale.

Catalyst supports these innovations through: – Pilot projects – Prototyping – Deployment in active health systems – Business planning – Market analysis – Connections with the investment community – Development of future executive leadership teams

The program leverages the full range of resources and capabilities of Stanford, including all aspects of the University and Stanford’s health systems (Stanford Health Care and Stanford Children’s Health). It was formed as part of the Stanford Medicine Integrated Strategic Plan and is supported by the Dean of the School of Medicine and the two CEOs of the health systems.

Healthcare Innovation Work Environment

At Stanford Medicine, employees are inventing the future and improving patient lives every day. Few positions have a more direct impact on launching Stanford innovation to make a worldwide impact and interact directly with such an amazing array of individuals.

The Healthcare Business Analyst will work in a dynamic environment where: – Innovation is constantly fostered – Critical thinking is valued – Healthcare startups and entrepreneurship are explored – Brilliant ideas are transformed into practical solutions – Global health impact is the ultimate goal

Diversity, Equity, Inclusion, and Belonging

Stanford is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other characteristic protected by law.

The university provides reasonable accommodations to applicants and employees with disabilities. Applicants requiring a reasonable accommodation for any part of the application or hiring process should contact Stanford University Human Resources by submitting a contact form.

Remote Work Policy for Healthcare Business Analyst

This position is hybrid eligible, allowing for a flexible work arrangement that combines remote and on-site work. Specific details about the remote work policy may be discussed during the hiring process.

Physical Requirements

The role involves: – Constantly performing desk-based computer tasks – Frequently standing/walking, sitting, grasping lightly/fine manipulation – Occasionally using a telephone – Rarely lifting/carrying/pushing/pulling objects that weigh 11-20 pounds

Consistent with its obligations under the law, the University will provide reasonable accommodation to any employee with a disability who requires accommodation to perform the essential functions of their job.

Work Standards for Healthcare Innovation

Successful candidates will demonstrate: – Strong interpersonal skills: Ability to work well with Stanford colleagues and clients and with external organizations – Commitment to safety: Promotes safety culture, communicates safety concerns, and practices safe behaviors – Compliance with University policies: Subject to and expected to comply with all applicable University policies and procedures

Application Process

To apply for the Healthcare Business Analyst position at Stanford Medicine Catalyst:

1. Visit the Stanford Careers website
2. Review the full job description and requirements
3. Submit your application through the online portal
4. Prepare for potential interviews and assessments

Additional information about the position can be discussed during the hiring process.

Explore Blog Articles:

1. UK Skilled Worker Visa – Complete Guide
2. Sweden Job Seeker Visa – How to Apply
3. Portugal’s Job Seeker Visa – What You Need to Know
4. Germany EU Blue Card – Benefits and Requirements