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Fabian Long
Medical Economics Consultant
Summary
Highly accomplished Medical Economics Consultant with 10+ years of experience in the healthcare industry. Proven track record of developing and implementing successful cost reduction strategies, leading teams of analysts to evaluate the cost-effectiveness of new medical technologies, and providing expert testimony in legal cases involving healthcare economics issues. Deep understanding of healthcare data analysis, cost-effectiveness modeling, market access strategies, and payor reimbursement negotiation. Passionate about improving the value of healthcare and ensuring access to affordable, high-quality care for all.
Education
Master of Health Administration (MHA)
December 2015
Skills
- Healthcare Data Analysis
- Cost-Effectiveness Modeling
- Market Access Strategies
- Payor Reimbursement Negotiation
- Health Economics Research
- New Product Planning
Work Experience
Medical Economics Consultant
- Developed and presented educational materials to healthcare professionals on healthcare economics and reimbursement policies
- Provided expert testimony in legal cases involving healthcare economics issues
- Conducted economic evaluations to assess the impact of healthcare interventions on patient outcomes and healthcare costs
- Developed and implemented a program to monitor and track healthcare costs and utilization, identifying areas for improvement
Medical Economics Consultant
- Developed and implemented a comprehensive cost reduction strategy, resulting in annual savings of $1.5 million
- Led a team of analysts to evaluate the costeffectiveness of new medical technologies, providing recommendations on reimbursement strategies
- Utilized data analytics to identify trends in healthcare costs and utilization, informing strategic decisionmaking
- Collaborated with healthcare providers to develop valuebased payment models that align incentives with patient outcomes
Accomplishments
- Developed and implemented a comprehensive costreduction plan for a large healthcare organization, resulting in savings of over $10 million
- Conducted a thorough analysis of the reimbursement landscape for a new pharmaceutical product and identified opportunities for increased revenue
- Created a financial model to forecast the impact of a new healthcare policy on a healthcare provider
- Developed and implemented a quality improvement program that resulted in a 15% reduction in hospital readmissions
- Developed a clinical pathway for a complex disease that improved patient outcomes and reduced healthcare costs
Awards
- 2023 APhA Foundation Award for Excellence in Healthcare Finance
- 2022 AMCP Excellence in Managed Care Award
- 2021 ACCP Excellence in Pharmacy Practice Award
- 2020 NCPA Excellence in Pharmacy Innovation Award
Certificates
- Certified Health Economist (CHE)
- Certified Medical Economics Professional (CMEP)
- Certified Pharmacoeconomics and Outcomes Research Analyst (CPA-ORA)
- Certified Value in Healthcare (CVH)
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How To Write Resume For Medical Economics Consultant
- Highlight your quantitative skills and experience in healthcare data analysis and modeling.
- Showcase your understanding of healthcare economics and reimbursement policies.
- Demonstrate your ability to communicate complex economic concepts clearly and effectively.
- Provide specific examples of your work and the impact it has had on healthcare organizations.
- Consider obtaining certification in healthcare economics or a related field.
Essential Experience Highlights for a Strong Medical Economics Consultant Resume
- Developed and implemented a comprehensive cost reduction strategy, resulting in annual savings of $1.5 million.
- Led a team of analysts to evaluate the cost-effectiveness of new medical technologies, providing recommendations on reimbursement strategies.
- Utilized data analytics to identify trends in healthcare costs and utilization, informing strategic decision-making.
- Collaborated with healthcare providers to develop value-based payment models that align incentives with patient outcomes.
- Developed and presented educational materials to healthcare professionals on healthcare economics and reimbursement policies.
- Provided expert testimony in legal cases involving healthcare economics issues.
- Conducted economic evaluations to assess the impact of healthcare interventions on patient outcomes and healthcare costs.
Frequently Asked Questions (FAQ’s) For Medical Economics Consultant
What is the role of a Medical Economics Consultant?
A Medical Economics Consultant provides expert advice on the economic aspects of healthcare. They work with healthcare organizations to develop and implement strategies to improve the value of care, reduce costs, and ensure access to affordable, high-quality care for all.
What are the key skills required for a Medical Economics Consultant?
Key skills include healthcare data analysis, cost-effectiveness modeling, market access strategies, payor reimbursement negotiation, health economics research, and new product planning.
What are the career prospects for a Medical Economics Consultant?
Medical Economics Consultants are in high demand due to the increasing complexity of the healthcare industry. They can work in a variety of settings, including hospitals, health insurance companies, pharmaceutical companies, and consulting firms.
What is the average salary for a Medical Economics Consultant?
The average salary for a Medical Economics Consultant is $100,000 per year.
What are the educational requirements for a Medical Economics Consultant?
Most Medical Economics Consultants have a Master’s degree in Health Administration (MHA), Economics, or a related field.
What are the certification requirements for a Medical Economics Consultant?
There are no mandatory certification requirements for Medical Economics Consultants, but obtaining certification in healthcare economics or a related field can enhance your credibility and career prospects.
How can I become a Medical Economics Consultant?
To become a Medical Economics Consultant, you will need to obtain a Master’s degree in Health Administration (MHA), Economics, or a related field, and develop strong skills in healthcare data analysis, cost-effectiveness modeling, market access strategies, payor reimbursement negotiation, health economics research, and new product planning.