Health Economics Internship

Role Summary

• 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 - Monday 3rd June to Friday 16th August 2024 inclusive
• Location: This role is available in our Boston office

About the Role

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, C++, or R, 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.

Career Prospects After the Internship

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 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

About You

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 effectively and demonstrate flexibility to respond to changing deadlines
• The ability to communicate mathematical and economic material clearly in both written and oral form to both experts and non-experts
• A problem-solving mindset and eagerness to work both independently and collaboratively to find solutions
• Demonstrating integrity, a proactive approach to your work, and a keen interest in developing your skills

In addition, advanced skills in Excel and/or R would be an advantage, but are not a necessity. Although no previous health economics experience is required, you must be able to display a genuine interest in healthcare and an eagerness to learn about new areas of health economic modelling. This role is suited to those with a curious mind and the desired to contribute above and beyond in projects.

Benefits

About Costello Medical

Costello Medical is a rapidly growing global healthcare agency specializing in medical communications, market access and health economic and outcomes research. We work with a wide range of clients, including the industry’s most successful pharmaceutical and medical technology companies, patient and public health bodies and charitable organizations. Our mission is to be a community of the very best people, building trusted partnerships across the healthcare sector by delivering an exceptional service. Our vision is to be a leading global partner consistently striving for meaningful and outstanding contributions that improve people’s health and lives.

We are committed to our company values which are central to creating our fun, friendly and innovative workplace in which we strive to deliver the highest standards of quality. As a result, we have been listed in The Top 100 Companies to Work For list for five consecutive years.

On 27th May 2022 Costello Medical received its certification as a B Corporation. We are really proud of this achievement as it demonstrates that Costello Medical is meeting the highest standards of verified social and environmental performance. We underwent a rigorous assessment that covered the whole of our business including employee benefits, charitable giving and sustainability. We believe this certification is external validation of our mission to be a force for good.

The Recruitment Process

Our recruitment process includes a telephone interview with a member of the Talent Acquisition team. Following this, you will also be sent a technical assessment and proofreading exercise. If successful, you will be invited to an interview with the Health Economics team. Our standard recruitment process lasts around 6 weeks however this can be adapted if necessary.

As an equal opportunity employer, we are committed to fostering a diverse and inclusive workforce and, throughout the recruitment process, there are a number of reasonable adjustments we can provide. Please click here to read more about this and contact the People Team via recruitment@costellomedical.com should you require reasonable adjustments at any stage.

This internship will last for 11 weeks and is available for the following duration:

• Monday 3rd June to Friday 16th August 2024 inclusive. The deadline for applications for this start date is Sunday 14th April 2024

You will be asked to state your preferred internship dates on your application form. We strongly recommend applying as early as possible so that we can begin processing your application. The role may close when suitable candidates are found.

Please note that this role is in our Boston office. You can learn more about our office locations here: https://www.costellomedical.com/careers/locations/

What We Offer

We offer $22 per hour and you will be entitled to pro-rated vacation days, based on internship length. We are proud of our position in The Best Companies Top 100 Companies to Work for list which has been achieved for five consecutive years, awarded because of the friendly and supportive environment that we generate for our colleagues and the opportunities offered for quick progression and increased responsibility. We provide exceptional internal training and regular company-funded social activities.

How to Apply

You are required to submit your resume and a cover letter via our online application form. In your cover letter, you must explain why you think you would be suited to the role and why you would like to join Costello Medical, with examples to support both. As written communication is a vital skill for this role, if your cover letter is suspected to have been generated by Artificial Intelligence (AI), your application is likely to be disqualified. Your resume should clearly state the dates of all qualifications and grades achieved, where applicable.

Please contact the Talent Acquisition team at recruitment@costellomedical.com if you have any questions about the role or application process.

Visa Sponsorship

We welcome applications from international candidates, but we are unfortunately unable to provide visa sponsorship for working visas. Therefore, you must have the right to work in the US independently from the company. However, we are able to consider those on a temporary visa, such as an OPT or CPT visa.