Product Analyst

Inovalon • Canonsburg, PA

12d • Hybrid

About The Position

Inovalon was founded in 1998 on the belief that technology, and data specifically, would empower the transformation of the entire healthcare ecosystem for the better, improving both outcomes and economics. At Inovalon, we believe that when our customers are successful in their missions, healthcare improves. Therefore, we focus on empowering them with data-driven solutions. And the momentum is building. Together, as ONE Inovalon, we are a united force delivering solutions that address healthcare’s greatest needs. Through our mission-based culture of inclusion and innovation, our organization brings value not just to our customers, but to the millions of patients and members they serve. Location: This position is a hybrid role based out of our Canonsburg, PA office. The current expectation is that we are in office two days each week (Tuesday-Wed), with extra additional days as required during the month. Overview: The Product Analyst will report to the Senior Director, Product Management. This role will perform market research and analyze market data, identifying customer and consumer behaviors and trends. The Product Analyst makes recommendations and provide launch strategies based on their analyses to increase product line profitability. This individual will monitor product performance and utilize data and user feedback to suggest improvements. Business Unit: Pharmacy

Requirements

• 3+ years of experience in Product Analyst or similar role.
• Strong knowledge of Agile process and principles.
• Experience in the healthcare industry required.
• Strong interpersonal and collaboration skills.
• Must be able to interact with various cross-functional teams (Product, Development, Marketing, etc.) as well as clients and prospects.
• Knowledge of Microsoft Office (Word, Excel, Visio), Confluence, and JIRA
• Experience in conducting market research
• Ability to work both independently and as a team member in a fast paced, remote environment.
• Highly self-motivated / goal-oriented with strong analytical and problem-solving skills
• Effectively leads projects and influences people to achieve department/company goals
• Ability to organize material and complete writing assignment according to set standards regarding order, clarity, conciseness, style, and terminology.
• Strong knowledge of the documentation process from design to commercial release
• Demonstrated ability to synthesize complex concepts and data into actionable goals and understandable documentation and presentations.
• Bachelor’s Degree in business administration, marketing, information technology, math, economics, or related field required.

Nice To Haves

• Product management experience preferred.

Responsibilities

• Analyze data and research the market and competition to identify market trends to identify product enhancements and new market opportunities.
• Forecast the costs of developing and marketing a product or feature, as well as potential revenue and profit.
• Create reports about the performance of a given product, and suggest possible improvements, which are done by reading reports and reviews
• Conduct interviews or focus groups with existing customers and/or prospects to get feedback. May also include usability tests as well as anonymous surveys.
• Collaborate with cross-functional teams and other product lines
• Partner with Marketing to explore entry / expansion into new markets, build and evaluate competitive pricing strategies
• Evaluate the costs of development and launch and leverage market intelligence and product knowledge to suggest improvements to product and development teams.
• Monitor product performance and provide detailed insights and reports on product performance (sales / financials / transactions)
• Maintain compliance with Inovalon’s policies, procedures and mission statement.
• Adhere to all confidentiality and HIPAA requirements as outlined within Inovalon’s Operating Policies and Procedures in all ways and at all times with respect to any aspect of the data handled or services rendered in the undertaking of the position; and
• Fulfill those responsibilities and/or duties that may be reasonably provided by Inovalon for the purpose of achieving operational and financial success of the Employer.

Benefits

• Inovalon Offers a Competitive Salary and Benefits Package
• In addition to the base compensation, this position may be eligible for performance-based incentives.
• Inovalon invests in associates to help them stay healthy, save for long-term financial goals, and manage the demands of work and personal commitments. That’s why Inovalon offers a valuable benefits package with a wide range of choices to meet associate needs, which may include health insurance, life insurance, company-paid disability, 401k, 18+ days of paid time off, and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees