Pricing Analyst

Job Description

Data Analysis, Financial Modeling, Market Research, Statistical Analysis, Excel, Pricing Strategy, Competitive Analysis, Communication Skills,

Job Description: Pricing Analyst - Gurugram

The successful candidate will be responsible for creating comprehensive pricing packages, negotiating with healthcare providers, and ensuring competitive and profitable pricing structures. This position requires a strong analytical background, excellent negotiation skills, and a deep understanding of the insurance and healthcare industries.

Key Responsibilities

Pricing Strategy Development:

• Develop and implement pricing strategies for various insurance packages, ensuring they are competitive and aligned with company goals.
• Analyze market trends, competitor pricing, and customer needs to inform pricing decisions.

• Create comprehensive insurance packages tailored to different customer segments, considering factors such as coverage needs, demographics, and market demands.
• Regularly review and update insurance packages to ensure they remain competitive and relevant.

• Negotiate pricing and service agreements with hospitals and healthcare providers to secure favorable terms for the company.
• Establish and maintain strong relationships with healthcare providers to facilitate ongoing negotiations and collaboration.

• Conduct thorough cost and benefit analysis for different pricing strategies and packages.
• Generate detailed reports on pricing performance, including profitability, customer satisfaction, and market competitiveness.

• Ensure all pricing strategies and packages comply with relevant regulations and industry standards.
• Stay updated with the latest regulatory changes and incorporate them into pricing and negotiation strategies.

• Work closely with other departments, such as sales, marketing, and finance, to align pricing strategies with overall business objectives.
• Provide support and training to junior team members regarding pricing strategies and negotiation techniques.

• Bachelors degree in Medicine (MBBS, BAMS, BHMS), Business Administration, Economics, Finance, or a related field.

• Proven experience in pricing strategy development and package creation within the insurance or healthcare industry.
• Strong analytical skills with the ability to interpret complex data and make data-driven decisions.
• Excellent negotiation skills with a track record of securing favorable terms.
• Strong communication and interpersonal skills, with the ability to build and maintain relationships with internal and external stakeholders.
• Understanding of insurance policies, healthcare industry dynamics, and regulatory requirements.
• Results-oriented with a proactive and strategic approach to pricing and negotiations.

• This role is crucial in developing competitive insurance packages and securing favorable pricing agreements with healthcare providers. The successful candidate will bring strong analytical abilities, excellent negotiation skills, and a deep understanding of the insurance and healthcare sectors.