Full-Time

Vice President of Sales

Healthcare & Payor Sales

Posted on 12/20/2024

HiLabs

HiLabs

201-500 employees

Healthcare data analytics for health plans

Data & Analytics
Healthcare

Senior, 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.

HiLabs focuses on improving healthcare by turning raw, unstructured data into useful insights for health insurance providers. Their services help convert inaccurate data into reliable information that enhances member experiences and boosts operational efficiency. HiLabs offers data analytics solutions that promise quick returns, known as Return On Intelligence (ROI). They operate on a subscription model, providing tailored data solutions to their clients. By addressing the need for precise and actionable data, HiLabs stands out in the healthcare data analytics field, aiming to be a vital resource for health plans.

Company Stage

Series B

Total Funding

$37.9M

Headquarters

Baltimore, Maryland

Founded

2014

Growth & Insights
Headcount

6 month growth

2%

1 year growth

90%

2 year growth

98%
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

  • Increased competition from emerging AI-driven healthcare data analytics startups.
  • Potential regulatory changes could impose additional compliance costs for HiLabs.
  • Reliance on AI algorithms may face scrutiny if data inaccuracies persist.

What makes HiLabs unique

  • HiLabs specializes in AI-powered data cleansing for healthcare provider directories.
  • The company offers subscription-based data solutions for health insurance providers.
  • HiLabs' solutions focus on transforming unstructured data into actionable insights.

Help us improve and share your feedback! Did you find this helpful?