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Entry Level Health Economics Analyst information

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$31K

$73.3K

$130K

How much do entry level health economics analyst jobs pay per year?

As of Aug 28, 2026, the average yearly pay for entry level health economics analyst in the United States is $73,261.00, according to ZipRecruiter salary data. Most workers in this role earn between $52,500.00 and $87,000.00 per year, depending on experience, location, and employer.

What does an entry level health economics analyst do?

An Entry Level Health Economics Analyst assists in evaluating the economic aspects of healthcare programs and policies. They collect and analyze healthcare data, conduct cost-effectiveness analyses, and support senior analysts in preparing reports and presentations. Their work helps organizations understand the financial impact of medical interventions and supports decision-making related to healthcare spending and resource allocation. This role often involves working with large datasets, using statistical software, and interpreting results for both technical and non-technical audiences.

What are the key skills and qualifications needed to thrive as an entry level health economics analyst?

To thrive as an Entry Level Health Economics Analyst, you need a solid background in economics, statistics, or public health, often supported by a relevant bachelor's or master's degree. Familiarity with statistical software such as SAS, R, or Stata and proficiency in Excel are typically required, along with any coursework or certification in health economics. Strong analytical thinking, attention to detail, and effective communication skills help you interpret data and clearly convey findings to stakeholders. These skills and qualifications are crucial for producing accurate analyses that inform healthcare policy and business decisions.

What are the most common challenges faced by entry level health economics analysts when working on real-world data projects?

Entry level health economics analysts often encounter challenges such as interpreting complex healthcare datasets, ensuring data quality, and learning to use specialized analytical software. Collaborating with cross-functional teams, such as clinical researchers and statisticians, can also be a learning curve as it requires clear communication and understanding of diverse perspectives. However, these challenges provide excellent opportunities for skill development and gaining a deeper understanding of the healthcare industry.

What is the difference between Entry Level Health Economics Analyst vs Health Economics Associate?

AspectEntry Level Health Economics AnalystHealth Economics Associate
Required CredentialsBachelor's degree in health economics, public health, or related field; some roles may prefer internshipsBachelor's degree; similar educational background, often with some internship experience
Work EnvironmentHealthcare consulting firms, pharmaceutical companies, or research institutionsPharmaceutical companies, healthcare consulting firms, or government agencies
Employer & Industry UsageCommonly used in industry to analyze healthcare data and support decision-makingUsed in similar settings, focusing on economic evaluations and policy analysis

The Entry Level Health Economics Analyst and Health Economics Associate roles are similar in educational requirements and work environments. Both positions involve analyzing healthcare data and supporting economic evaluations. The main difference lies in job titles used by different organizations, but their responsibilities and qualifications are largely aligned.

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Entry Level Health Economics Analyst jobs near you
Infographic showing various Entry Level Health Economics Analyst job openings in the United States as of August 2026, with employment types broken down into 83% Full Time, 6% Part Time, and 11% Contract. Highlights an 89% In-person, and 11% Remote job distribution, with an average salary of $73,261 per year, or $35.2 per hour.

Medical Economics Analyst, Health Plan

Marshfield, WI • On-site

Sanford Health
Health Care and Social Assistance • 10K+ employees

6.8

Company rating: 6.8 out of 10

Based on 556 frontline employees who took The Breakroom Quiz

500th of 895 rated healthcare providers

People enjoy working here

Recommended by students

Recommended by parents

Learn more about Sanford Healthexternal

Full-time

Posted 10 days ago

Job description

Sanford Health, the largest rural health system in the United States, is dedicated to transforming the health care experience and providing access to world-class health care in America's heartland.

Work Shift:

8 Hours - Day Shifts (United States of America)

Scheduled Weekly Hours:

40

Compensation:

Salary Range: $29.00 - $46.50

Union Position:

No

Department Details

Summary

The Medical Health Economics Analyst uses data analysis to identify medical cost trends, evaluate financial performance, and provide actionable insights to support strategic business decisions. This role is vital for cost containment and improving plan performance.

Job Description

Analyze complex medical claims, pharmacy data, and other healthcare data sets to identify emerging cost and utilization trends, patterns, and outliers. Develop financial models to evaluate the financial impact of new clinical programs, new initiatives, and value-based agreements. Identify opportunities for medical cost reduction, quantify potential savings, and measure the return on investment (ROI) of implemented initiatives. Create clear, concise reports, dashboards, and presentations using data visualization tools to communicate complex findings and actionable insights to a variety of stakeholders, including senior management and clinical departments. Work closely with accounting, actuarial, underwriting, clinical, health services delivery and network management teams to provide analytical support for decision-making and strategic planning, such as informing payer negotiations and risk adjustment strategies. Ensure the accuracy and integrity of data used in analyses, and prepare well-organized project documentation including methodologies and key decision points. Respond to ad-hoc data analysis requests from various departments, providing timely intelligence related to specific business problems.

Qualifications

Bachelor's degree in Economics, Statistics, Finance, Public Health, Mathematics, Actuarial Science, Data Analytics or related quantitative discipline required.
1-3 years of progressive analytical experience in a healthcare setting (health insurance, managed care, or health system) is required.Knowledge of STARs and Risk Adjustment preferred.Strong analytical, problem-solving, critical thinking, and communication skills are vital for success in this role.
Proficiency in SQL for data extraction and manipulation is a must.Advanced Microsoft Excel skills, including pivot tables and complex formulas, are essential.Experience with data visualization tools like Tableau or Power BI is highly valued. Familiarity with statistical tools such as SAS, R, or Python is often a plus.

Sanford is an EEO/AA Employer M/F/Disability/Vet.


If you are an individual with a disability and would like to request an accommodation for help with your online application, please call 1-877-949-5678 or send an email to talent@sanfordhealth.org.

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About Sanford Health

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Sanford Health is one of the largest and fastest-growing not-for-profit health systems in the United States. We're proud to offer many development and advancement opportunities to our nearly 50,000 members of the Sanford Family who are dedicated to the work of health and healing across our broad footprint.

Industry

Health care and social assistance and hospitals

Company size

10,000+ Employees

Headquarters location

Sioux Falls, SD, US

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