Full-Time

Senior Business Development Director

Posted on 11/23/2024

Octave Health

Octave Health

501-1,000 employees

Personalized therapy for individuals and families

Healthcare

Compensation Overview

$165.2k - $200kAnnually

+ Equity + Bonus

Senior, Expert

No H1B Sponsorship

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Lead Generation
Salesforce

You match the following Octave Health's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • 8+ years proven track record of successful consultative & solution oriented selling to health system executives (extra credit for payor/health plan selling).
  • BS/BA degree or comparable professional experience.
  • Experience starting or scaling a successful startup, ideally in the healthcare space​.
  • Experience leading and closing partnership discussions with key decision makers and executives.
  • Experience with Salesforce or similar CRM system.
  • Proven ability to prospect and open doors with new clients, with a track record of success in generating enterprise-level leads and closing high-value deals within healthcare or behavioral health.
  • Exceptional ability to drive the end-to-end enterprise level sales process, from initial outreach and qualification through negotiation and close.
  • Excellent ability to communicate with, and influence, enterprise clients and prospects as well as internal stakeholders.
  • Strong presentation skills, including demonstrated success presenting and communicating with other executives​.
  • Strong written and oral communication skills​.
  • Entrepreneurial mindset and energy. Ability to quickly move from 0-1 while navigating complex health plans and health systems.
  • Ability to ensure compliance with company policies and government regulations.
  • Willingness to travel to meet with clients and company leadership as needed (25%).
Responsibilities
  • Prospecting & Pipeline Development: Identify and pursue new partnership opportunities within health systems, integrated delivery networks, academic medical centers, and clinically integrated networks, proactively building a robust pipeline of prospects. Utilize various prospecting techniques to connect with decision-makers and create entry points for Octave’s partnership offerings.
  • Direct Outreach & Lead Generation: Actively reach out to target health systems, IDNs, CINs, and health plans to expand Octave’s reach. Target key executives and stakeholders through direct outreach, referrals, and strategic networking.
  • Deal Strategy & Closing: Drive the full sales cycle from initial outreach and relationship-building through proposal development, deal structuring, and contract negotiation, with a focus on achieving closure. Use consultative selling skills to influence decision-makers and close complex, high-value partnerships with leading health system partners.
  • Market & Competitor Intelligence: Conduct strategic market analysis to identify new territories, assess competitive threats, and understand industry trends, positioning Octave as a preferred partner within the health system ecosystem.
  • Strategic Partnership Development: Collaborate with Octave’s leadership, including the CPO and Head of Business Development, to refine value propositions, enhance pitch materials, and continuously improve deal strategies that resonate with health system executives.
  • Sales Process Optimization: Establish and refine a scalable, repeatable partnership model that supports rapid growth. Develop and manage CRM tools, sales funnels, and reporting processes to maintain high pipeline conversion.
  • Relationship Management & Expansion: Build and nurture long-term relationships with health system executives, identifying opportunities to deepen partnerships and drive sustained revenue growth.
  • High-Impact Presentations: Develop and deliver compelling presentations and pitches that effectively communicate Octave’s value proposition, positioning Octave as a strategic partner for health systems and payors.

Octave provides therapy services for individuals, couples, and families, focusing on mental health support. Their approach involves personalized, evidence-based therapy tailored to each client's unique needs. Clients are matched with therapists who not only have expertise but also align well with their personalities, fostering a strong human connection. This method has shown effectiveness, with a reported 37% reduction in depression symptoms over 12 weeks. Octave's services are accessible as they are in-network with several insurance providers, allowing for direct billing, which makes therapy more affordable for clients. The goal of Octave is to enhance mental well-being through quality therapeutic care.

Company Stage

Late Stage VC

Total Funding

$121.8M

Headquarters

San Francisco, California

Founded

2018

Growth & Insights
Headcount

6 month growth

2%

1 year growth

1%

2 year growth

5%
Simplify Jobs

Simplify's Take

What believers are saying

  • Expansion into 10 new states increases market reach and client base.
  • $52 million Series C funding supports further expansion and technological innovation.
  • Board additions bring valuable experience and strategic guidance from healthcare leaders.

What critics are saying

  • Rapid expansion may strain resources and affect care quality.
  • Reliance on insurance billing poses risks if policies or rates change.
  • Increased competition from Evernorth's Behavioral Health Group could impact market share.

What makes Octave Health unique

  • Octave offers personalized, evidence-based therapy tailored to individual client needs.
  • The company reports a 37% reduction in depression symptoms over 12 weeks.
  • Octave is in-network with several insurance companies, enhancing accessibility and affordability.

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Benefits

Remote Work Options

Flexible Work Hours

Mental Health Support

INACTIVE