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Full-Time

Business Development Manager

National Accounts

Posted on 6/28/2024

ParetoHealth

ParetoHealth

201-500 employees

Self-insured employee health benefits solutions

Consulting
Financial Services

Senior

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Communications
Financial analysis
Data Analysis
Requirements
  • Bachelor’s degree
  • 3-5 years work experience in corporate strategy and/or business development
  • Financial analysis experience (MBA or advanced degree preferred)
  • Strong analytical, problem-solving, and strategic thinking skills
  • Program management and organizational skills
  • Excellent verbal and written communication skills
  • Experience with data analysis
Responsibilities
  • Develop and execute strategic partnerships and National Accounts business development
  • Maintain strong relationships with strategic partners
  • Attend National events and conferences to build brand awareness
  • Establish and track key performance indicators (KPIs)
  • Support Regional VPs and develop relationships with benefits consultants
  • Develop new reporting with finance to manage National performance metrics
  • Report to National Account partners on performance and goals
  • Manage agency, contact, and new business opportunity changes in CRM

ParetoHealth offers employee health benefits solutions for small and medium-sized businesses through a self-insured model, allowing companies to directly cover health claims instead of paying insurance premiums. Their main product is the "benefits captive" program, where multiple companies share the financial risks of health claims, helping to manage costs effectively. They utilize data-driven intelligence to monitor health plan usage and ensure employees receive appropriate care at competitive prices. The goal is to provide a comprehensive solution for health benefits while fostering a culture of diversity, equity, and inclusion.

Company Stage

Seed

Total Funding

$522.1K

Headquarters

Philadelphia, Pennsylvania

Founded

2011

Growth & Insights
Headcount

6 month growth

3%

1 year growth

3%

2 year growth

3%
Simplify Jobs

Simplify's Take

What believers are saying

  • Significant investment from Warburg Pincus and Great Hill Partners positions ParetoHealth for accelerated growth and market expansion.
  • The appointment of experienced leaders like Christine Lui Chen and Maeve O'Meara indicates strong leadership and strategic direction.
  • Achieving a milestone of 2,000 employers in their captive program demonstrates robust market acceptance and scalability.

What critics are saying

  • The complexity of managing a self-insured model and benefits captive program may pose operational challenges and require continuous innovation.
  • Dependence on the success of their data-driven intelligence system to manage claims costs could be a vulnerability if the system fails or underperforms.

What makes ParetoHealth unique

  • ParetoHealth's self-insured model and benefits captive program offer SMEs a unique way to manage and mitigate health benefit costs, unlike traditional insurance models.
  • Their data-driven intelligence system proactively manages claims costs, ensuring high-quality care at the best possible price, setting them apart from competitors.
  • ParetoHealth's commitment to DEI fosters a diverse and inclusive workforce, driving innovation and excellence in their services.
INACTIVE