Business Development Director - RWD/RWE Life Sciences

Company: Inovalon, Inc.
Location: Bowie
Posted on: March 24, 2025

Job Description:

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.Overview: The Business Development Director to serve as a key leader in the critical growth engine for Inovalon by contributing to the securing of large, multi-year services contracts. This role serves as a market expert and business development catalyst through developing deep knowledge of the market and key developments in the healthcare sector. This position will focus on Data Licensing and Data Solutions for RWD/RWE in the Mid Market Pharma/Life Sciences space.Duties and Responsibilities:

• Lead, and be ultimately responsible for prospecting, building a pipeline and the execution of new business development and ongoing business expansion (i.e. cross-sell and up-sell) in assigned territory., Responsible for maintaining accurate data in CRM to manage, track and forecast opportunities.
• Responsible for the successful handoff of newly developed or expanded business to appropriate implementation personnel using documented procedures.
• Coordinate with all resources and personnel necessary to ultimately achieve (and ideally exceed) Company targets for market penetration, revenue and margin metrics, client satisfaction, product and client diversification, and ongoing compliance with regulatory, quality, accreditation, delegation, and contractual requirements of Company products and services;
• Support the tracking and reporting (of pipelines, success rates, costs, financial performance, etc.) pertaining to the Company's business development efforts in a timely, accurate, and comprehensive fashion;
• Develop and maintain an expert level of knowledge regarding all products, services, infrastructure, and operations of the Company to achieve optimal insight into the Company's product development, capabilities, support, and functionality requirements;
• Serve as one of Inovalon's ambassadors to the market as a representative at industry conferences, a participant in business development meetings with current accounts, a developer of relationships with C-level personnel at potential clients, a generator of direct marketing outreach and as a key team member for on-site sales meetings with potential clients;
• Establish yourself as a market expert and business development catalyst through developing deep knowledge of the market and key developments through deep market research on current and potential clients to identify needs, current solutions, history, key personnel and key decision-making criteria;
  • Participate with Employer leadership in the strategic development of initiatives to identify enhancements which may improve products, services, operations, client appeal, process flow, and overall business function, industry reputation, and financial performance.
  • 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.Job Requirements:
    • Minimum of 10 years of sales experience with a successful track record in the RWD/RWE space;
    • An aptitude for managing a complex, consultative sales process including lead generation, proposal development, oral presentations and contract negotiation for rapidly evolving services offerings;
    • Track record of successfully establishing and managing Director, VP and C-Suite client relationships in Healthcare organizations including leading presentations to these senior leaders;
    • Deep experience in project management across multi-disciplinary teams in an influencer role;
    • Attention to detail and rigorous documentation discipline are required, Experience with Salesforce CRM and a related Sales Methodology highly preferred;
    • Experience in or knowledge of the healthcare industry, especially RWD/RWE as it relates to Pharma/Life Sciences accounts;
    • Strong interpersonal/communication skills both internally and externally;
    • Outgoing, highly professional and mature demeanor and good business acumen;
    • Management consulting or consultative sales process experience is preferred with a history of promotions and/or quota achievement in a matrix management environment; and
    • Must be available to travel routinely to client sites and/or conferences nationwide. Education:
      • BA/BS degree or equivalent experience required; and
      • MBA a plus.Physical Demands and Work Environment:
        • Sedentary work (i.e. sitting for long periods of time);
        • Exerting up to 10 pounds of force occasionally and/or negligible amount of force;
        • Frequently or constantly to lift, carry push, pull or otherwise move objects and repetitive motions;
        • Subject to inside environmental conditions; and
        • Travel routinely to client sites and/or conferences nationwide. Inovalon Offers a Competitive Salary and Benefits PackageIn addition to the base compensation, this position may be eligible for performance-based incentives.The actual base pay offered may vary depending on multiple factors including, but not limited to, job-related knowledge/skills, experience, business needs, geographical location, and internal equity. At Inovalon, it is not typical for an individual to be hired at or near the top end of the range for their role, and compensation decisions are dependent upon the facts and circumstances of each position and candidate.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 valuablewith 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.Base Compensation Range$104,800$175,000 USDIf you don't meet every qualification listed but are excited about our mission and the work described, we encourage you to apply. Inovalon is most interested in finding the best candidate for the job, and you may be just the right person for this or other roles.By embracing inclusion, we enhance our work environment and drive business success. Inovalon strives to provide equal opportunities to the communities where we operate and to our clients and everyone whom we serve. We endeavor to create a culture of inclusion in which our associates feel empowered to bring their full, authentic selves to work and pursue their professional goals in an equitable setting. We understand that by fostering this type of culture, and welcoming different perspectives, we generate innovation and growth.Inovalon is proud to be an equal opportunity workplace. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. We also consider qualified applicants regardless of criminal histories, consistent with legal requirement.To review the legal requirements, including all labor law posters, please visit this Required
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Keywords: Inovalon, Inc., Bowie , Business Development Director - RWD/RWE Life Sciences, Executive , Bowie, Maryland