Consulting - Economics - Healthcare Economist

PwC
London - United Kingdom
S: Competitive

Healthcare in the UK, both public and privately funded is undergoing radical reform, with economics at the heart of the changes. In privately funded markets, the sector will need to respond to the outcome of the competition commission review of the private health market. It is likely to bring new entrants into the market and change how private healthcare is bought and delivered. In publically funded healthcare, the NHS has embarked on a series of economic reforms to drive efficiency and improve quality that are likely to result in the market becoming more challenging and more contentious for all players. These changes creates a significant opportunity to grow our Health Industries consulting practice – but it will require people who understand how economic markets works in other sectors and how it might play out in the healthcare environment.

We want to recruit exceptional and experienced Managers with a background of using economics to support healthcare providers, insurers, pharmaceutical companies or public sector clients to understand and overcome similar challenges. We are interested in people from a range of different backgrounds including government, economics consultancies, sector regulators and academia.

Key areas of interest and experience of these people will include:
Understanding the increasingly important role regulation and how organisations can use the regulatory regime to grow their businesses of environmental issues
Assessing the merits of projects through investment appraisal and cost benefit analysis.
Demand forecasting and the analysis of how value is created and destroyed.
Understanding and reshaping competition policy and regulatory frameworks.
Developing and reviewing business plans.

About the role

Who we are and what we do:
PwC's UK Economics and Policy practice includes around 100 individuals and is part of our global economics practice. In our health industries projects we work as part of One Firm teams with professionals from many different backgrounds including business recovery, strategy, corporate finance, forensics, communications and programme management. Together we have been working at the heart of the reform agenda in both private and publically funded healthcare.

Our vision is to be a distinctive, insightful, energetic and global practice, driven by a diverse group of analytical, creative and commercial individuals. We stand by our courage to challenge conventional wisdom, and our ability to cut through complexity in explaining the dynamics of markets.

Economics is the science of business. We help companies, investors, regulators, law firms and Governments reach better decisions, informed by clear, robust evidence grounded in the dynamics of the Healthcare sector. Our help comes in the form of advice, reports, studies and policy recommendations.

Why are we asked for help?

Our clients are developing policy, appraising investments, facing competition and regulation investigations, responding to litigation, shaping strategy and doing deals. Our success is measured by the outcome we deliver - ultimately in the form of higher profits and an enhanced reputation.

What can you expect from us?

Innovation, creativity and rigour delivered by a team that is a pleasure to do business with. We pride ourselves on being excellent economists, consultants and, fundamentally, people, from a diverse range of backgrounds. We speak the language that makes sense to people who matter. We deal with business people, regulators, Governments, Hospital executives, GP commissioners, and financiers.

In everything we do, we blend commercial acumen, common sense and analytics. We are proud to challenge conventional thinking, leverage insights from one sector to another, and identify trends and market dynamics to help our clients succeed in a competitive world.

Responsibilities for the roles include:

Play a role in building our Health industries economics business.
Play a role in winning and delivering client engagements.
Manage project teams and client relationships.
Manage the production of client reports and position papers.
Manage the delivery of quantitative analysis.
Present advice and analysis to clients and internal teams.
Contribute more widely to developing our practice.
Need to travel/overnight stays away from home (Yes - regularly)

Requirements

The following skills are required for this role:

Essential skills:
Previous experience and demonstrable interest in developing business opportunities and in delivering high quality work.
Interest and experience in healthcare economics in the areas set out above.
Strong economic academics at undergraduate and preferably postgraduate level.
Ability to use economic reasoning and apply economic concepts in practical business contexts.
Strong analytical and communication skills.
Strong commercial acumen and financial literacy.
Ability to work effectively in teams to tight deadlines.
Excellent interpersonal skills and confidence when interacting with others.

Job summary