Simplify Logo

Full-Time

Principal Customer Success Manager

Posted on 10/22/2024

Inovalon

Inovalon

1,001-5,000 employees

Cloud-based software for healthcare analytics

Consulting
Healthcare

Compensation Overview

$115.2k - $160kAnnually

+ Performance-based incentives

Senior

Bowie, MD, USA

Category
Customer Success & Support
Customer Success Management
Sales & Account Management
Required Skills
Data Analysis
Requirements
  • Minimum ten (10) years’ related experience;
  • Minimum eight (8) years’ customer relationship/account management experience, preferably in the healthcare industry;
  • Ability to communicate with clients effectively regarding all aspects of product, service delivery, and related information;
  • Demonstrated ability of successfully lead customer negotiations to include renewal and expansion opportunities;
  • Aptitude to understand healthcare industry and IT solutions based on analytics;
  • Problem solving skills and strong communication and interpersonal skills;
  • High level of accuracy and attention to detail is required;
  • Demonstrated ability to capture, understand, manage, and resolve questions and issues; and
  • Ability to manage expectations, create high levels of satisfaction, and effectively convey client needs to colleagues and functions throughout the company.
Responsibilities
  • Produce and execute a comprehensive strategic account plan, across the customer portfolio, showing current state and target future state timeline and an underlying plan to drive adoption and outcomes leading to renewals, expansion, and advocacy for each customer;
  • Prepare and conduct regular and recurring meetings, demonstrating an understanding of the customer’s goals and effectively communicating the value delivered from Inovalon’s products and services;
  • Conduct quarterly and executive business reviews with influence in securing customer retention and growth opportunities;
  • Produce and flawlessly execute adoption plans to increase utilization and engagement of Inovalon’s products and services;
  • Anticipate customer needs, proactively identify risks to the customer achieving their stated goals, and demonstrate influence in driving outcomes working with internal stakeholders to mitigate risks from occurring;
  • Successfully identify and lead renewal and growth opportunities with each customer;
  • Build and foster senior-level relationships with the customer’s senior leadership, sponsors and decision makers to solidify partnership and commitment to the customer’s business;
  • Partner with customer senior leaders to understand goals, provide guidance, and recommendations to help them achieve desired outcomes;
  • Successfully identify and drive expansion opportunities with assigned customers across Inovalon’s complete portfolio of products and solutions;
  • Serve as a mentor to Customer Success Manager peers, providing best practice and coaching to individuals across the Customer Success team;
  • Develop and maintain in-depth product knowledge and expertise regarding all Inovalon products, services, and delivery processes, with emphasis on risk adjustment and clinical quality offerings used by Inovalon customers;
  • Maintain compliance with Inovalon’s policies, procedures and mission statement;
  • Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position; and
  • Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Employer.

Inovalon provides cloud-based software solutions that focus on improving data-driven healthcare. Their platform offers advanced analytics and business intelligence tools that assist healthcare organizations, including providers, payers, and pharmaceutical companies, in enhancing patient care and operational efficiency. The platform integrates national-scale connectivity and real-time data access, supporting over 100 solutions for various healthcare operations like revenue cycle management and care quality management. Inovalon generates revenue through subscription fees for its user-friendly software and also offers consulting services to help clients optimize their data usage. The company's goal is to empower healthcare organizations to utilize data effectively to achieve better clinical outcomes and operational efficiencies.

Company Stage

N/A

Total Funding

N/A

Headquarters

Bowie, Maryland

Founded

1997

Growth & Insights
Headcount

6 month growth

0%

1 year growth

43%

2 year growth

43%
Simplify Jobs

Simplify's Take

What believers are saying

  • Strategic partnerships, such as with MEDITECH, enhance Inovalon's capabilities in revenue cycle management and expand its market reach.
  • Recognition as a Great Place to Work for two consecutive years highlights a positive and supportive work environment.
  • The launch of innovative solutions like InfectionWatch and SDOH Market Insights demonstrates Inovalon's commitment to addressing critical healthcare challenges and improving patient outcomes.

What critics are saying

  • The $50 million fraud lawsuit filed by the AIDS Healthcare Foundation could damage Inovalon's reputation and financial stability.
  • The competitive healthcare technology market requires continuous innovation to maintain a leading position, posing a risk if Inovalon fails to keep pace.

What makes Inovalon unique

  • Inovalon's cloud-based platform integrates national-scale connectivity and real-time data access, setting it apart from competitors with less comprehensive data solutions.
  • The company's focus on data-driven healthcare and advanced analytics provides a competitive edge in optimizing patient care and operational efficiency.
  • Inovalon's extensive range of over 100 solutions tailored for various healthcare operations distinguishes it from more narrowly focused competitors.

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