Full-Time

Business Development Director

Strategic Partner Development

Posted on 11/20/2024

Inovalon

Inovalon

1,001-5,000 employees

Cloud-based software for healthcare analytics

Consulting
Healthcare

Compensation Overview

$105k - $145kAnnually

+ Performance-based incentives

Senior

Minneapolis, MN, USA

Requires routine travel to client sites and/or conferences nationwide.

Category
Business Development
Business & Strategy
Growth & Marketing
Required Skills
Sales
Salesforce
PowerPoint/Keynote/Slides
Requirements
  • Minimum 7 years relevant sales and/or channel development and sales experience.
  • Experience in channel management and or selling to key executives buyer personas for transactional healthcare EDI services.
  • Proven track record achieving or exceeding objectives selling SaaS or similar subscription based applications.
  • Ability to adapt well to change and work in a fast-paced environment.
  • Strong leadership skills with the ability to execute in a matrix environment.
  • Excellent negotiation, leadership, management and presentation skills.
  • Excellent verbal and written communications skills, strong attention to detail.
  • Proficiency in strategic selling principles and tools.
  • Proficient in Microsoft Office suite including Word, Excel, and PowerPoint.
  • BA/BS degree or equivalent experience required; and
  • MBA a plus.
Responsibilities
  • Actively drive sales efforts and results of Inovalon’s Performance-based Partner (PBP) referral partners through a defined cadence of touchpoints both onsite with Partner and remote meetings and webinars.
  • Partner with the Inovalon sales teams to facilitate the achievement of sales quotas assigned partner accounts.
  • Grow Inovalon’s PBP partner revenues by helping define and delivering the Inovalon Partner Engagement Program.
  • Completes strategic customer account plans that meet strategic partner standards.
  • Leads a proactive, collaborative account planning process focused on mutual performance objectives, financial targets, and milestones over the near and longer-term.
  • Proactively assesses, clarifies, and satisfies partner account needs on an ongoing basis.
  • Ensures that sales and other performance metrics are measured and reported to strategic account and internal stakeholders on a regular monthly, quarterly, annually and on an as needed basis.
  • Work collaboratively across a cross-functional matrix within Inovalon including Direct Sales, Sales Accelerator Office, Strategic Partner Sales, Implementation, Partner Success, Partner Support, and others to ensure all teams are communicating and are aligned in driving towards PBP and wholesale revenue goals.
  • Utilize consultative sales techniques. Drive the consistent application of best practices for each milestone of the sales process. Share best practices, teach and ensure the Strategic Partner and direct sales teams are using these techniques and tools as standards.
  • Ensure partners have the tools, processes, resources, and information needed to promote the Inovalon products and services into their customer base.
  • Develop and maintain a comprehensive knowledge of Inovalon’s product suite, services, and marketing initiatives. Ensure we are focused and capitalizing upon the highest return activities.
  • Drive utilization and compliance for documentation in SalesForce CRM and other sales automation tools (prospecting, contact management, accurate opportunity tracking, milestone interactions and customer communications, sales pipeline management, forecasting and sales reporting).
  • Execute other related duties as requested. Assist management on broader strategic initiatives.
  • Comply with all security policies/procedures.
  • 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. The company offers a platform that integrates real-time data access and advanced analytics, supporting over 100 solutions for healthcare organizations. These solutions help clients enhance patient care, streamline operations, and improve financial performance. Inovalon's platform is designed to be user-friendly and integrates easily with existing healthcare systems, allowing clients to access tools for revenue cycle management, care quality management, and workforce management. Unlike many competitors, Inovalon emphasizes national-scale connectivity and automated processing, making it easier for healthcare organizations to leverage their data effectively. The goal of Inovalon is to empower healthcare providers, payers, and life sciences organizations to achieve better clinical outcomes and operational efficiencies through the use of data and analytics.

Company Stage

Acquired

Total Funding

N/A

Headquarters

Bowie, Maryland

Founded

1997

Growth & Insights
Headcount

6 month growth

0%

1 year growth

44%

2 year growth

44%
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.

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