Full-Time

Vice President of Sales

Healthcare & Payor Sales

Updated on 3/14/2025

HiLabs

HiLabs

201-500 employees

Healthcare data analytics for health plans

No salary listed

Expert

H1B Sponsorship Available

Bethesda, MD, USA

Category
Customer Success Management
Strategic Account Management
Sales & Account Management
Required Skills
Data Analysis
Requirements
  • Proven track record of success in sales leadership, with at least 10 years of experience in healthcare and payor sales, preferably in the diagnostic, laboratory, or healthcare technology industries.
  • Strong understanding of healthcare systems, payor structures, and the intricacies of working with insurance carriers, health plans, and healthcare providers.
  • Demonstrated success in driving revenue growth, managing large sales teams, and closing complex sales deals within healthcare or payor segments.
  • Excellent leadership, coaching, and people management skills with the ability to inspire and develop a sales team.
  • Exceptional communication, negotiation, and presentation skills, with the ability to engage with senior executives, healthcare leaders, and payor stakeholders.
  • Analytical and strategic mindset, with the ability to use data and insights to drive decisions and sales tactics.
  • Bachelor's degree in Business, Healthcare Administration, or a related field; MBA or advanced degree is a plus.
Responsibilities
  • Develop and implement a sales strategy that aligns with Hilabs' business goals and growth targets.
  • Lead, mentor, and manage a high-performing sales team to achieve revenue and growth objectives.
  • Define sales targets, KPIs, and performance metrics for the team and individual sales representatives.
  • Provide strategic leadership in the areas of customer acquisition, retention, and expansion.
  • Leverage deep expertise in healthcare and payor sales to establish and grow relationships with health insurance providers, payor organizations, and healthcare systems.
  • Drive sales opportunities in both B2B healthcare and payer segments, including hospitals, physician groups, insurance carriers, and health plans.
  • Navigate complex sales cycles within healthcare systems and payor organizations, managing multiple stakeholders and decision-makers.
  • Tailor product offerings and sales solutions to meet the unique needs of healthcare providers and payors.
  • Build and maintain long-term, strategic relationships with key customers, ensuring strong partnerships and customer satisfaction.
  • Serve as the primary point of contact for high-value clients and oversee contract negotiations and renewals.
  • Identify new business opportunities within the healthcare and payor sectors and develop targeted outreach strategies.
  • Understand market trends, customer needs, and industry regulations to adjust sales strategies and product offerings accordingly.
  • Collaborate with the marketing, product, and customer success teams to ensure alignment between sales efforts and product offerings.
  • Provide feedback from customers and market insights to help shape product development and business strategies.
  • Work closely with the executive team to establish annual sales forecasts, budgets, and growth plans.
  • Ensure sales team is properly trained on Hilabs' products, solutions, and services, as well as industry trends.
  • Monitor sales performance and provide regular reports and updates to executive leadership.
  • Track and manage sales pipelines, ensuring a consistent flow of opportunities and timely closure of deals.
  • Conduct regular performance reviews and implement corrective actions to meet or exceed sales targets.
  • Foster a culture of accountability, high performance, and continuous improvement within the sales team.
Desired Qualifications
  • MBA or advanced degree is a plus.

HiLabs focuses on improving healthcare by transforming unstructured and often inaccurate data into valuable insights for health insurance providers. Their data analytics solutions help health plans enhance member experiences and increase operational efficiency. HiLabs works by converting raw data into actionable information, which allows clients to make informed decisions quickly. Unlike many competitors, HiLabs emphasizes immediate returns on their analytics services, which they refer to as Return On Intelligence (ROI). The company generates revenue through subscription-based services and tailored data solutions, aiming to address the critical need for accurate data in the healthcare sector.

Company Size

201-500

Company Stage

Series B

Total Funding

$37.9M

Headquarters

Baltimore, Maryland

Founded

2014

Simplify Jobs

Simplify's Take

What believers are saying

  • HiLabs raised $39 million in Series B funding for expansion and product development.
  • Partnership with CAQH enhances HiLabs' market position in provider data solutions.
  • Recognition in Gartner Hype Cycle highlights HiLabs' innovation in healthcare data management.

What critics are saying

  • Emerging AI-driven startups could threaten HiLabs' market share.
  • Rapid AI evolution may require HiLabs to invest heavily in R&D.
  • Potential regulatory changes in data privacy laws could impact HiLabs' operations.

What makes HiLabs unique

  • HiLabs specializes in AI-powered data cleansing for healthcare organizations.
  • The company offers subscription-based services for customized data solutions.
  • HiLabs focuses on improving provider data accuracy and operational efficiency.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

Paid Vacation

Employee Stock Purchase Plan

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

-7%

1 year growth

13%

2 year growth

13%
PR Newswire
Nov 12th, 2024
Caqh And Hilabs Partner To Deliver Industry Leading Provider Data Solutions

Revolutionizing healthcare provider data with AI-powered accuracyWASHINGTON, Nov. 12, 2024 /PRNewswire/ -- CAQH, the leader in healthcare data management and HiLabs, a pioneer in cutting edge, AI-powered solutions, announce a transformative new partnership. This collaboration reflects CAQH's ongoing commitment to bringing stakeholders together to solve healthcare's toughest data challenges and HiLabs' mission to transform healthcare by cleaning data to unlock its hidden potential. CAQH and HiLabs have also agreed to exclusively go-to-market with an integrated data cleansing solution for provider data. By offering healthcare organizations clean, high-quality provider data, the partnership will improve consumer-facing provider directories, while enhancing overall healthcare operations and access to care

PR Newswire
Aug 15th, 2024
Hilabs Recognized In Three Categories In The 2024 Gartner® Hype Cycle™ For Us Healthcare Payers

BETHESDA, Md., Aug. 15, 2024 /PRNewswire/ -- HiLabs announced today that it was recognized in the 2024 Gartner® Hype Cycle™ for US Healthcare Payers. HiLabs was mentioned in three categories:Provider/Partner Network Management Platforms Provider Data Management LLMs for Healthcare PayersHiLabs believes that recognition in these three categories showcases how the universe of provider data management is evolving."AI is creating efficiencies for payers that were previously unattainable," says Amit Garg, HiLabs CEO and Co-founder. "When rosters become fully automated, and directory accuracy improves, it opens up a world of possibilities."In addition to cost savings, Garg also credits new advancements in AI technology, such as specialized large language models (LLMS), for increased innovation in the field.These advancements in provider data management capabilities come at a time when ghost networks created by provider directory inaccuracies are under increased public scrutiny. Given their impact on patient access to care, payers, providers, and regulators are actively working to fix them.Garg believes that HiLabs' inclusion in the 2024 Gartner® Hype Cycle™ for US Healthcare Payers highlights the new possibilities of AI technology in solving the provider data problem."The need for new solutions to help providers, payers, and regulators address the ghost network problem has existed for years. What changed is that we now have the ability to create these solutions," says Garg.Download the 2024 Gartner® Hype Cycle™ for US Healthcare Payers here.Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation

Hit Consultant
Jul 18th, 2024
Inaccurate Provider Directories: A Major Headache For Patients And Policymakers, Hilabs’ Ai Study Reveals

What You Should Know:– Incorrect data in health plan physician directories is a pervasive problem, according to new research conducted by researchers at University of Colorado and HiLabs.– The study, published in BMC Health Services Research, leverages HiLabs AI algorithms to compare data for >40% of US physicians across five large health plan directories.Key Findings:Limited variation in data quality between insurers suggests the issue goes beyond individual insurer practices.Physician practices, burdened with updating information across multiple platforms, contribute to the problem.Specialties like primary care and dermatology have higher data accuracy, potentially due to greater patient interaction.Considerable variation exists between states, with reasons unclear and requiring further investigation.The Impact:Patients can face delays in care due to incorrect contact information.Surprise billing can occur if a network-listed provider is out-of-network.Consumers struggle to compare health plans based on inaccurate provider listings.Proposed Solutions:Centralized Directory: The Centers for Medicare and Medicaid Services’ proposal for a unified national directory is an option, but challenges exist, including ensuring accuracy and requiring a major shift in data exchange practices.The Centers for Medicare and Medicaid Services’ proposal for a unified national directory is an option, but challenges exist, including ensuring accuracy and requiring a major shift in data exchange practices. National Standards: Establishing national standards for how provider information is exchanged could be a less disruptive solution.Establishing national standards for how provider information is exchanged could be a less disruptive solution. Engaging Physician Groups: Future policy solutions should involve both insurers and physician groups to improve data accuracy.International Comparisons:Many countries have centralized directories, but inaccuracies have been documented even in government-run systems.Australia’s recent launch of Provider Connect Australia (PCA) is a model to watch for its potential to improve data quality and access.The Takeaway:Inaccurate provider directories are a major problem in the US healthcare system. Novel policy solutions are needed to address this issue and ensure patients have reliable information to access the care they need.“We are proud to collaborate with University of Colorado researchers to use our AI for this important study,” said Amit Garg, CEO of HiLabs. “At HiLabs, we have seen tremendous interest from health plans in using AI algorithms to uncover provider directory inaccuracies in recent years and have seen substantial improvements in directory accuracy as a result.”For further information and to access the full study, please visit https://doi.org/10.1186/s12913-024-11269-5

PR Newswire
Jun 27th, 2024
Hilabs Study Featured In Medpac June 2024 Report To Congress Highlights Alarming Inconsistencies In Provider Directories

BETHESDA, Md., June 27, 2024 /PRNewswire/ -- HiLabs, a leader in AI-powered solutions for healthcare data management, is proud to announce that a study utilizing HiLabs technology and conducted by its Chief Medical Officer, Dr. Neel Butala, has been prominently featured in the Medicare Payment Advisory Commission's June report to Congress in its discussion of Medicare Advantage Provider Networks. The Medicare Payment Advisory Commission (MedPAC) is an independent congressional agency that advises the U.S. Congress on the Medicare program.The HiLabs study, initially published in the Journal of the American Medical Association (JAMA), highlights significant discrepancies in provider directories, raising concerns about the impact on patients' access to timely care. The study examined data from 449,282 U.S. physicians and found that 81% of provider entries had inconsistencies across five major health plans

Intelligence360
Apr 12th, 2024
Hilabs Has Raised $39,000,000.00 In Series B Funding.

HiLabs has raised $39,000,000.00 in Series B Funding. HiLabs has raised $39,000,000.00 in Series B Funding.HiLabs has raised $39,000,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Amit Garg played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About HiLabsThe HiLabs leadership team is a group of multidisciplinary visionary industry leaders and professionals with extensive healthcare domain knowledge, experience, and acumen. They come from some of the world’s best universities, business schools, and engineering institutes including Harvard, Yale, Duke, Carnegie Mellon, Georgia Tech, Indian Institute of Management (IIM), and Indian Institute of Technology (IIT).To learn more about HiLabs, visit http://www.hilabs.com/Contact:Amit Garg, Chief Executive Officer301-841-8080https://www.linkedin.com/in/connectamitgarg/SOURCE: http://www.intelligence360.ioCopyright (c) 2024 SI360 Inc. All rights reserved