Health Economics Internship
Costello Medical, United States

• Responsibilities: In this role, you will gain hands-on experience in designing, developing and communicating health economic models alongside our experienced Health Economics team who will provide one-to-one training and mentoring throughout the internship
• Salary: $22 per hour
• Benefits: Hybrid working option (work from home up to 1 day per week), generous vacation leave allowance, flexible working hours, access to medical, dental and vision insurance, as well as funded social activities
• Role Type: Full-time, temporary internship
• Start Date: This internship will last for 11 weeks and is available either from Monday 13th May to Friday 26th July 2024 inclusive, or Monday 3rd June to Friday 16th August 2024 inclusive. You will be asked to state your preferred internship dates on your application form
• Location: This role is available in our Boston office

This position is ideal for current students and recent graduates with a degree in an economic, mathematical or computer science discipline seeking to gain an insight into life at a fast-growing consultancy serving clients from the pharmaceutical industry.

You will get the opportunity to join a growing Health Economics team and gain hands-on experience in designing, developing and communicating health economic models. These can range from simple costing tools to substantially more complicated models that aim to demonstrate the value of products and therapies to reimbursement agencies.

The Health Economics team at Costello Medical develop economic models to inform decisions on the efficient allocation of resources available to healthcare providers, and communicate these insights to a variety of stakeholders in the healthcare industry. Economic models within the realm of healthcare are quantitative assessments of the impact of healthcare treatments, practices and policies, either through cost-effectiveness analyses or separate cost and benefit considerations. These models are typically built in Microsoft Excel, R, or C++, employing universal mathematical and statistical modelling techniques. Model development can frequently involve fitting statistical distributions and parametric survival curves to clinical data and therefore requires a good knowledge of statistics. The models developed by our Health Economics team have real-world implications, aiming to improve the efficiency of healthcare systems by using robust methodological frameworks to inform decision-making.

Producing an economic evaluation therefore requires Health Economics Interns to:

• Research and critically appraise medical and economic literature
• Work collaboratively and build relationships with colleagues
• Understand theoretical health economic frameworks and apply these to the project at hand
• Build high-quality, technically robust and clinically valid models in Microsoft Excel
• Interpret and analyze model results, producing technically accurate written reports of methodologies and outcomes

Health Economics Interns at Costello Medical receive one-to-one training on the technical aspects of the role and learn about project management and effective communication with clients. In this role, you will typically be working on approximately three projects at any one time.

During the internship program, there is the opportunity for strong candidates to apply for the Health Economist role and join our expanding team on a permanent basis. This is a route which is encouraged, and that many current colleagues have taken across a variety of divisions. To learn more about the benefits that we offer for permanent roles, please click here: https://www.costellomedical.com/careers/working-at-costello-medical/benefits-package-in-the-us/

To learn more about the personal and professional development we offer at Costello Medical, please click below to read firsthand accounts from our colleagues about their time with the company: https://www.costellomedical.com/careers/working-at-costello-medical/

Requirements

This internship is suited to recent graduates as well as current students who are permitted to complete full time internships over the summer.

Qualities and experience required include:

• A degree level or higher qualification in a relevant discipline (minimum GPA 3.3 or equivalent). Relevant disciplines are those that demonstrate a high level of technical and mathematical ability, such as mathematics, economics, physics or computer science

• High school mathematics (minimum B grade or equivalent). AP/IB mathematic courses (minimum B grade or equivalent) are preferential but not required
• The ability to pay close attention to detail
• Strong organizational skill, the ability to plan your own work

Job Rewards and Benefits