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Full-Time

Business Development Associate

Posted on 1/9/2023

Iterative Health

Iterative Health

51-200 employees

AI-driven solutions for gastrointestinal healthcare

Data & Analytics
Hardware
AI & Machine Learning
Biotechnology
Healthcare

Junior

Cambridge, MA, USA + 1 more

Category
AI & Machine Learning
Requirements
  • Minimum 2 years of client-facing experience in a strategic, commercial role (e.g., management consulting, business development, corporate strategy, investment banking, partnerships, etc.)
  • Experience navigating healthcare stakeholders (especially biopharma and/or providers) and a baseline understanding of the healthcare ecosystem in the US
  • Strong ability to navigate ambiguity by developing logical frameworks, conducting secondary research, independently driving workstreams, and clearly communicating data-driven results to convince others
  • Enthusiastic about collaborating with and learning from others
  • Able to work from our Cambridge Headquarters, where we have a hybrid working environment
Responsibilities
  • Design and conduct research to select and prioritize new commercial growth levers and present recommendations to senior leaders
  • Work closely with a variety of cross-functional teams to guide partnership approaches for the business
  • Manage strategic partnerships to ensure the success of ongoing projects and build new avenues for growth and collaboration
  • Develop new contracts and support contract negotiations with business partners
Desired Qualifications
  • Exposure to project work in gastroenterology (especially colorectal cancer and/or IBD)
  • Exposure to project work in medical devices
  • Experience conducting primary research
  • Basic understanding of artificial intelligence and how it can be applied to healthcare
  • Experience working in / for a startup

Iterative Health focuses on improving gastrointestinal (GI) care through the use of artificial intelligence (AI) and machine learning (ML). Their main product, SKOUT®, is an FDA-cleared device designed to help doctors detect adenomas, which are precursors to colorectal cancer. This device works alongside physician judgment to enhance the accuracy of diagnoses. In addition to SKOUT®, Iterative Health provides technology that streamlines clinical trials, ensuring high-quality patient care and standardized reporting across different healthcare institutions. This approach aims to make advanced GI care more accessible, especially to underserved populations. Unlike many competitors, Iterative Health emphasizes the integration of AI in both treatment and clinical research, with the goal of preventing and diagnosing colorectal cancer effectively.

Company Stage

Series B

Total Funding

$198.8M

Headquarters

Boston, Massachusetts

Founded

2017

Growth & Insights
Headcount

6 month growth

-7%

1 year growth

-12%

2 year growth

-15%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $150 million Series B funding round positions Iterative Health for accelerated growth and innovation in AI-driven GI care.
  • Strategic partnerships with major GI groups like Gastro Health and One GI® expand their clinical research capabilities and market reach.
  • Recognition of their leadership, such as Jonathan Ng being named to the PharmaVoice 100, underscores the company's influence and potential in the healthcare sector.

What critics are saying

  • The specialized focus on GI care may limit market opportunities compared to broader healthcare AI applications.
  • Integration challenges from recent acquisitions could disrupt operations and slow down innovation.

What makes Iterative Health unique

  • Iterative Health leverages AI and ML specifically for gastrointestinal care, setting it apart from broader healthcare AI applications.
  • Their FDA-cleared SKOUT® device enhances physician accuracy in detecting adenomas, a unique offering in colorectal cancer prevention.
  • The company's AI-enabled documentation technology standardizes high-quality reporting, making advanced GI care accessible to underserved populations.

Benefits

Vision/Dental/ Medical Insurance

Life/Disability Insurance

Parental Leave

Stock Options

Flexible Work Hours

Unlimited Paid Time Off

INACTIVE