Full-Time

Group Product Director

Health Payment Account

Updated on 12/4/2024

Paytient

Paytient

51-200 employees

Platform for managing out-of-pocket medical expenses

Financial Services
Healthcare

Senior

Remote in USA

Can be performed from anywhere in the continental U.S., except Montana.

Category
Product Management
Product Research
Product Strategy
Product
Required Skills
Market Research
Product Management
Requirements
  • 7+ years experience in a senior product management role, with a track record of leading successful product teams and delivering high-impact solutions.
  • Extensive experience in the healthcare benefits or financial services industry is highly desirable.
  • Strong track record of leading successful product initiatives
  • Extensive experience of leveraging human-centered design principles to design great user experiences that delight
  • Experience working with cross-functional teams
  • Excellent communication and presentation skills
  • Passion for healthcare and improving access to affordable care
  • Strong understanding of product development processes, including agile methodologies.
Responsibilities
  • Lead and mentor a team of product designers, product managers and product technical support, fostering a collaborative and high-performance environment.
  • Develop and execute a comprehensive product strategy that aligns with Paytient’s overall business objectives and addresses market opportunities.
  • Drive the vision and roadmap for multiple product lines, ensuring they meet the needs of our diverse customer base and stay ahead of industry trends.
  • Oversee the end-to-end product lifecycle, from ideation and development to launch and iteration.
  • Collaborate with engineering, design, marketing, and customer success teams to deliver high-quality products on time and within budget.
  • Use data-driven insights and customer feedback to inform product decisions and prioritize features and enhancements.
  • Communicate product vision, strategy, and progress to key stakeholders, including executive leadership and external partners.
  • Work closely with the sales and marketing teams to ensure successful product launches and go-to-market strategies.
  • Conduct thorough market research and competitive analysis to identify opportunities and threats in the healthcare benefits space.
  • Stay informed about industry trends and emerging technologies to drive innovation and maintain Paytient’s competitive edge.
  • Define and track key performance indicators (KPIs) to measure the success and impact of product initiatives.
  • Continuously assess and improve product performance based on user feedback and market demands.

Paytient provides a platform that helps employees manage their out-of-pocket medical expenses more effectively. The service integrates with existing payroll systems, allowing employees to set up flexible payment plans for their medical costs. This means that instead of paying for healthcare expenses all at once, employees can spread the payments over time, making it easier to afford necessary treatments and medications. Paytient partners with employers and insurers to include this benefit in health plans, which can enhance employee satisfaction and retention. Unlike many competitors, Paytient focuses specifically on easing the financial burden of healthcare costs through payroll integration. The goal of Paytient is to improve employee well-being and productivity by making healthcare more affordable.

Company Stage

Debt Financing

Total Funding

$35.9M

Headquarters

Columbia, Missouri

Founded

2018

Growth & Insights
Headcount

6 month growth

25%

1 year growth

66%

2 year growth

104%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $63 million funding round provides significant capital to expand services and enhance technological capabilities, promising robust growth and stability.

What critics are saying

  • The highly regulated nature of the healthcare and financial sectors could pose compliance challenges and slow down innovation.

What makes Paytient unique

  • Paytient's focus on making healthcare more accessible and affordable through innovative financial solutions sets it apart from traditional healthcare financing options.

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