Costello Medical
Job title:
Health Economics Internship
Company
Costello Medical
Job description
Job Description:
Role Summary
- Responsibilities: In this role, you will gain hands-on experience in designing, developing and communicating health economic models alongside our experienced Health Economics team who will provide one-to-one training and mentoring throughout the internship
- Salary: A monthly stipend of £1,950
- Benefits: Hybrid working options, statutory holiday allowance, flexible working hours, employer pension contributions, as well as funded social activities
- Role Type: Full-time, temporary internship
- Start Date: We are currently recruiting for start dates throughout 2024, which occur on a monthly basis. This internship will last for 6 months
- Location: This role is available in our
office and newly opened Bristol office
About the Role
This position is ideal for recent graduates with a degree in an economic, mathematical or computer science discipline seeking to gain an insight into life at a fast-growing consultancy serving clients from the pharmaceutical industry.
You will get the opportunity to join a growing and gain hands-on experience in designing, developing and communicating health economic models. These can range from simple costing tools to substantially more complicated models that aim to demonstrate the value of products and therapies to reimbursement agencies.
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 healthcare industry. Economic models within the realm of healthcare are quantitative assessments of the impact of healthcare treatments, practices and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. These models 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. 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
Health Economics Interns at Costello Medical receive one-to-one training on the technical aspects of the role and learn about project management and effective communication with clients. In this role, you will typically be working on around three projects at any one time.
Career Prospects After the Internship
During the internship programme, there is the opportunity for strong candidates to apply for the role and join our expanding team on a permanent basis. On average, 60% of our Health Economics Interns move into a permanent role with Costello Medical. To learn more about the benefits that we offer for permanent roles, please click here:
To learn more about the personal and professional development we offer at Costello Medical, please click below to read firsthand accounts from our colleagues about their time with the company:
Requirements:
About You
This internship is suited to recent graduates as well as current students who are permitted to complete full time internships either during the holidays or as a placement as a part of their degree. This role is suited to those with a curious mind and the desire to contribute above and beyond expectations in projects.
Essential requirements for the role are:
- An undergraduate degree level qualification in an economic, mathematical or computer science discipline (minimum 2.1 or equivalent). Postgraduate qualifications (minimum 2.1 or equivalent) would be an advantage, but they are not a requirement for the role
- An A-level in Mathematics (minimum B grade or equivalent)
- An excellent level of 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
- The ability to communicate mathematical and economic material clearly in both written and oral formats
- A problem-solving mindset and eagerness to work both independently and collaboratively to find solutions
- Integrity, a proactive approach to your work, and a keen interest in developing your skills
In addition, advanced skills in Excel and/or R would be an advantage, but are not a necessity. Although no previous health economics experience is required, you must be able to display a genuine interest in healthcare and an eagerness to learn about new areas of health economic modelling.
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 for six consecutive years.
On 27th May 2022 Costello Medical received its certification as a . 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 telephone interview with a member of the Talent Acquisition team. Following this, you will also be sent a technical and proofreading assessment which requires you to use Excel. If successful, you will then be invited to an interview. 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 to read more about this and contact the People Team via should you require reasonable adjustments at any stage.
Our Health Economics Internship is for a duration of 6 months. We are currently recruiting for start dates throughout 2024, which occur on a monthly basis, and 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 Manchester and Bristol offices. You can learn more about our office locations here:
What We Offer
The stipend for interns is £1,950 per calendar month, and you will be entitled to statutory holiday. We are proud of our position in The Best Companies Top 100 Companies to Work For list which has been achieved for six consecutive years, awarded because of the friendly and supportive environment that we generate for our colleagues and the opportunities offered for personal and professional development. We provide exceptional internal training, opportunities to work on pro bono and charitable projects, and regular company-funded social activities.
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. As written communication is a vital skill for this role, if your cover letter is suspected to have been generated by Artificial Intelligence (AI), your application is likely to be disqualified. Your CV should clearly state the dates of all qualifications and grades achieved where applicable.
Please contact the Talent Acquisition team at if you have any questions about the role or application process.
Visa Sponsorship
Please note that this role does not meet the eligibility criteria for visa sponsorship and you will therefore need the right to work in the UK independently from the company.
Expected salary
£1950 per month
Location
Manchester
Job date
Sun, 18 Feb 2024 02:19:34 GMT
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