Health Economics Analyst Job Description [Updated for 2025]

In the modern healthcare industry, the focus on Health Economics Analysts has never been greater.

As healthcare systems continue to evolve, the demand for analytical minds who can evaluate, interpret, and strategize healthcare economics deepens.

But let’s dissect this further: What’s really expected from a Health Economics Analyst?

Whether you are:

• A job seeker trying to understand the core of this role,
• A hiring manager outlining the perfect candidate,
• Or simply interested in the mechanics of health economics analysis,

You’re in the right place.

Today, we introduce a customizable Health Economics Analyst job description template, designed for easy posting on job boards or career sites.

Let’s dive right into it.

Health Economics Analyst Duties and Responsibilities

Health Economics Analysts apply their skills in economics and data analysis to the realm of healthcare.

They are instrumental in developing strategies, policies, and models to improve health outcomes and services while also considering financial aspects.

Health Economics Analysts have the following duties and responsibilities:

• Conduct research and data analysis on healthcare costs, trends, and outcomes
• Develop economic models to assess the value of healthcare interventions
• Perform cost-effectiveness, cost-utility, and cost-benefit analyses
• Assist in the design and implementation of health economics and outcomes research studies
• Interpret and report findings to stakeholders, including healthcare providers, policy makers, and researchers
• Evaluate the economic impact of healthcare policies and regulations
• Utilize statistical software to analyze healthcare data
• Stay updated on latest healthcare trends and economic factors affecting the healthcare industry
• Contribute to the development of health policy strategies and initiatives
• Work closely with health services researchers, clinicians, and policymakers to translate research findings into actionable healthcare strategies

 

Health Economics Analyst Job Description Template

Job Brief

We are seeking a detail-oriented Health Economics Analyst to examine and interpret economic data and trends in the healthcare sector.

Responsibilities include conducting cost-effectiveness analyses, developing budget impact models, performing statistical analyses, and contributing to the design of health economic studies.

Our ideal candidates have a background in health economics, biostatistics, or related field and are familiar with health economics methodologies and applications in healthcare.

 

Responsibilities

• Analyze healthcare data to understand the economic impact of disease and healthcare interventions
• Conduct cost-effectiveness analyses and budget impact models
• Contribute to the design of health economic studies
• Develop health economic modelling tools and methodologies
• Collaborate with a cross-functional team to implement economic modeling projects
• Communicate results and recommendations to internal and external stakeholders
• Maintain knowledge of current trends and developments in the field of health economics
• Contribute to the preparation of reports and manuscripts for publication

 

Qualifications

• A Master’s degree or PhD in Health Economics, Biostatistics, or related field
• Proven experience as a Health Economics Analyst or similar role
• Strong knowledge of health economics methodologies and applications in healthcare
• Experience with statistical analysis software
• Excellent analytical and problem-solving abilities
• Strong communication and presentation skills
• Attention to detail and good organizational skills

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Professional development opportunities

 

Additional Information

• Job Title: Health Economics Analyst
• Work Environment: Office setting with options for remote work. Some travel may be required for conferences and seminars.
• Reporting Structure: Reports to the Head of Health Economics or Director of Health Economics.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $75,000 minimum to $110,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Health Economics Analyst Do?

A Health Economics Analyst typically works for healthcare organizations, pharmaceutical companies, government agencies, or consulting firms.

They may also work independently as consultants.

Their primary role is to use economic theories and techniques to understand issues in health and healthcare.

They analyze and interpret healthcare data, assess the financial impact of various health policies, and evaluate the cost-effectiveness of healthcare interventions.

Health Economics Analysts often use statistical software to carry out their analyses and present their findings in the form of reports or presentations.

They may also develop models to forecast the economic impact of changes in health policy or healthcare delivery.

They collaborate with other healthcare professionals to conduct research studies and evaluate healthcare programs.

The information they provide is used to make informed decisions about healthcare policies and programs, to ensure they are cost-effective and improve health outcomes for the population.

In addition, Health Economics Analysts may be responsible for keeping up-to-date with the latest research in their field and attending professional conferences to share their findings and learn about new developments.

 

Health Economics Analyst Qualifications and Skills

A successful Health Economics Analyst should possess a range of both technical and interpersonal skills to analyze economic data in healthcare, such as:

• Exceptional quantitative and analytical skills to gather and interpret complex data, and develop models to evaluate the economic impact of healthcare policies and interventions.
• Knowledge in health economics and related healthcare fields to understand the relationship between health outcomes and economic factors.
• Strong problem-solving capabilities to identify trends, patterns, and issues within health economic data and develop solutions accordingly.
• Communication and presentation skills to translate complex economic analyses into understandable insights for a diverse audience, including stakeholders, policymakers, and healthcare professionals.
• Proficiency in statistical software such as SAS, SPSS, or Stata, for data analysis, and Microsoft Office Suite, particularly Excel, for data management and presentation.
• Interpersonal skills to collaborate effectively with a multidisciplinary team of economists, healthcare professionals, and policy makers.
• Attention to detail in order to ensure accuracy in data collection, analysis, and reporting.
• Knowledge of current healthcare policies, regulations, and trends to provide relevant economic analysis.

 

Health Economics Analyst Experience Requirements

Entry-level Health Economics Analysts are usually expected to have a minimum of 1 to 2 years of relevant experience, which can be obtained through internships, part-time roles, or research roles in health economics, public health, economics, or a related field.

Candidates with around 3 to 5 years of experience in health economics or a related field have typically honed their skills and knowledge in previous analyst roles, and may have begun to specialize in a particular area of health economics, such as cost-effectiveness analysis or pricing strategy.

Those with more than 5 years of experience in health economics analysis are often considered senior-level.

These professionals may have diverse project experience, strong quantitative skills, and familiarity with health economic modeling.

They may also have some leadership experience, and could be ready for a managerial or team-lead position.

In this field, experience with specific software such as TreeAge, SAS, or STATA can also be crucial, and candidates with a background in these tools may be particularly sought after.

In all cases, hands-on experience with data analysis, project management, and health research will be highly beneficial.

 

Health Economics Analyst Education and Training Requirements

Health Economics Analysts typically require a bachelor’s degree in health economics, economics, public health, health administration or a related field.

The coursework should ideally include subjects such as economics, statistics, biostatistics, econometrics, and health care policy.

Some roles may require or prefer candidates with a master’s degree in Health Economics or a related field that offers specialized training in health economics analysis and policy.

Health Economics Analysts need to have a strong background in data analysis and familiarity with statistical software such as SAS, SPSS, or Stata.

It is also beneficial for Health Economics Analysts to possess knowledge in health services research methods and cost-effectiveness analysis.

Professional certification, such as the Certified Health Data Analyst (CHDA) certification, is not mandatory but could enhance job prospects.

Having a master’s degree and/or certification indicates a candidate’s dedication to the field and their commitment to ongoing learning in the rapidly changing health care environment.

 

Health Economics Analyst Salary Expectations

The average salary for a Health Economics Analyst is approximately $72,337 (USD) per year.

However, this figure can vary greatly depending on factors such as years of experience, the complexity of duties, the size of the employing organization, and the cost of living in the geographical location where the job is based.

 

Health Economics Analyst Job Description FAQs

What skills does a Health Economics Analyst need?

Health Economics Analysts need strong analytical skills to interpret complex economic data.

They should have a good understanding of healthcare systems, policies, and economics.

Proficiency in statistical software is often required for data analysis.

Communication skills are also important to present findings and make recommendations to stakeholders.

 

Do Health Economics Analysts need a degree?

Yes, Health Economics Analysts typically need at least a bachelor’s degree in economics, health economics, public health, health administration, or a related field.

However, many roles prefer candidates with a master’s degree or higher in health economics or a related discipline.

Some roles may also require specific experience in the healthcare industry.

 

What should you look for in a Health Economics Analyst resume?

Look for a degree in economics or a related field, along with experience in health economics or healthcare policy analysis.

Proficiency in data analysis tools such as SAS, Stata, or R is a huge plus.

Practical experience, such as internships or projects, in the healthcare industry would also be beneficial.

 

What qualities make a good Health Economics Analyst?

A good Health Economics Analyst is detail-oriented, with strong analytical and problem-solving skills.

They should be able to work independently, yet collaborate effectively with a team.

They must have a thorough understanding of health economics and healthcare policies.

Good communication skills are also essential, as they often need to present complex economic data and findings to stakeholders in a comprehensible way.

 

Is it difficult to hire Health Economics Analysts?

The challenge of hiring Health Economics Analysts lies in finding candidates with the right combination of economic knowledge, healthcare industry understanding, and analytical skills.

This is a specialized role, and the pool of qualified candidates may be smaller compared to other job roles.

Therefore, offering competitive salaries, growth opportunities, and a stimulating work environment can attract top talent.

 

Conclusion

And there we have it.

Today, we’ve delved into the intricate world of a health economics analyst.

Surprise, surprise!

It’s not just about crunching numbers.

It’s about shaping the future of healthcare, one health policy at a time.

Armed with our comprehensive health economics analyst job description template and real-world examples, you’re ready to step forward.

But why stop at just that?

Dig deeper with our job description generator. It’s your gateway to perfectly-curated listings or honing your resume to ultimate precision.

Remember:

Every policy analysis contributes to a healthier society.

Let’s shape that future. Together.

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