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Payer Sales Director

Company Overview:

Cohere Health is a fast-growing clinical intelligence company that’s improving lives at scale by promoting the best patient-specific care options, using cutting-edge AI combined with deep clinical expertise. In only four years our solutions have been adopted by health plans covering over 15 million lives, while our revenues and company size have quadrupled.  That growth combined with capital raises totaling $106M positions us extremely well for continued success. Our awards include: 2023 and 2024 BuiltIn Best Place to Work; Top 5 LinkedIn™ Startup; TripleTree iAward; multiple KLAS Research Points of Light awards, along with recognition on Fierce Healthcare's Fierce 15 and CB Insights' Digital Health 150 lists.

Opportunity Overview:

The Payer Sales Director is responsible for account sales strategy, lead generations, and complex technical sales leadership across a United States based territory.

Last but not least: People who succeed here are empathetic teammates who are candid, kind, caring, and embody our core values and principles. We believe that diverse, inclusive teams make the most impactful work. Cohere is deeply invested in ensuring that we have a supportive, growth-oriented environment that works for everyone.

What you will do:

  • Target key relationships across assigned territory
  • Manages and directs activities for business development in Strategic, Enterprise, and Mid-Market segments with an established territory
  • Develops and executes a broad selling strategy, including executing tactical Top-line sales and lead generation activities, closing new business and cross-selling within established named accounts
  • Consistently identifies opportunities and develops sales strategy in conjunction with strategic account managers and Cohere Executive team
  • Effectively presents Cohere Health’s platform and service offerings to Health Plan executives
  • Effectively leverages Cohere Health executives, the pre-sales team and services staff to support Health Plan presentations
  • Develops and maintains an effective sales and market penetration plan for assigned territory
  • Effectively documents account research, activities, and other required reporting into Cohere’s sales tools and system salesforce.com
  • Solicits product and market feedback and communicates this feedback to sales leadership, marketing and the product development team (feature requests, market trends, competition intelligence, new opportunities)
  • Complies with all corporate policies and completes all administrative tasks on time

 

Your background & requirements:

  • Bachelor’s degree in a business or technical related area of study
  • Minimum 8-10 years of strategic selling or business development experience within the Health Plan segment
  • Experience selling complex, multi-stakeholder solutions - SaaS, healthcare IT, healthcare services, interoperability and Specialty Utilization Management solutions selling a plus
  • Ability to manage and lead high performing SE, SME, ELT, and Clinical teams
  • Embraces and thrives in a culture of transparency, accountability, and trust
  • Self-starter with ability to work independently, prioritize work and coordinate multiple tasks within tight time constraints
  • Ability to navigate the strategic level of customer organizations, identify key decision-makers, build relationships with senior executives and schedule meeting with key stakeholders
  • Ability to establish strong team relationships in a matrix organization
  • Ability to perform in a dynamic and fast-paced environment
  • Possess account knowledge, executive-level customer contacts and industry relationships inside the Health Plan market space
  • Command of social media for the benefit of lead generation, gaining access to executives and networking with key stakeholders
  • Strong aptitude with business software tools (Word, Excel, PowerPoint, Outlook, etc.)
  • Strong business acumen
  • Demonstrated ability to successfully negotiate complex contracts

 

We can’t wait to learn more about you and meet you at Cohere Health!

Equal Opportunity Statement: 

Cohere Health is an Equal Opportunity Employer. We are committed to fostering an environment of mutual respect where equal employment opportunities are available to all. To us, it’s personal.

The salary range for this position is $150,000 to $170,000 annually; as part of a total benefits package which includes health insurance, 401k and bonus. In accordance with state applicable laws, Cohere is required to provide a reasonable estimate of the compensation range for this role. Individual pay decisions are ultimately based on a number of factors, including but not limited to qualifications for the role, experience level, skillset, and internal alignment.

 

#LI-Remote

#BI-Remote

 

 

 

 

 

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Average salary estimate

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What You Should Know About Payer Sales Director, Cohere Health

Are you an ambitious sales leader seeking to make a significant impact in the healthcare technology space? Join us at Cohere Health as our Payer Sales Director! We're a clinical intelligence company that's revolutionizing patient care with advanced AI solutions. In just four years, we've seen tremendous growth, empowering health plans that cover over 15 million lives. As a Payer Sales Director, your mission will focus on strategic account sales, lead generation, and navigating complex sales processes throughout the United States. You’ll build critical relationships and collaborate with our talented teams to deliver our innovative platform to health plan executives. If you're passionate about empathetic teamwork, accountability, and thriving in a fast-paced environment, you’ll fit right in at Cohere. You'll utilize your extensive experience in strategic selling within the health plan segment to drive sales strategy and develop long-lasting partnerships. Your expertise will play a key role in shaping our success as we continue to expand. With a competitive salary range of $150,000 to $170,000 and a strong focus on fostering a supportive environment, we can’t wait to see how you'll contribute to our mission to improve lives through technology.

Frequently Asked Questions (FAQs) for Payer Sales Director Role at Cohere Health
What does a Payer Sales Director do at Cohere Health?

As a Payer Sales Director at Cohere Health, you will lead account sales strategies and manage business development activities. Your role involves cultivating relationships across your assigned territory, presenting our innovative healthcare solutions to key executives, and executing comprehensive selling strategies that align with our core values of empathy and transparency.

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What qualifications are needed for a Payer Sales Director at Cohere Health?

Cohere Health requires candidates for the Payer Sales Director position to have a Bachelor’s degree in a relevant field, alongside 8-10 years of strategic selling experience within the health plan sector. Familiarity with complex solutions such as SaaS and healthcare IT will be beneficial, as well as a self-starter attitude in a fast-paced environment.

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What is the salary range for a Payer Sales Director at Cohere Health?

The salary range for a Payer Sales Director at Cohere Health falls between $150,000 and $170,000 annually. This is complemented by a comprehensive benefits package, including health insurance and a 401k plan that demonstrates our dedication to employee wellbeing.

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What type of work environment can a Payer Sales Director expect at Cohere Health?

Cohere Health fosters an inclusive and supportive work environment where teamwork and collaboration are encouraged. As a Payer Sales Director, you will thrive in a culture of accountability and trust, working alongside compassionate colleagues committed to making a difference in healthcare.

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How does the Payer Sales Director contribute to Cohere Health's mission?

The Payer Sales Director plays a crucial role in advancing our mission by identifying new business opportunities, presenting our innovative platform to health plans, and collaborating closely with various internal teams. Your contributions will directly impact our growth and ability to improve patient care through our solutions.

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What skills are emphasized for a successful Payer Sales Director at Cohere Health?

Successful candidates for this role at Cohere Health will showcase strong strategic selling abilities, exceptional interpersonal skills, and a deep understanding of the health plan market. Building relationships with decision-makers and navigating complex sales processes are critical for achieving success in this position.

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Is remote work an option for the Payer Sales Director role at Cohere Health?

Yes! The Payer Sales Director position at Cohere Health is remote, allowing you the flexibility to manage your territory effectively while collaborating with team members across the country. We believe in providing a work-life balance that enables our employees to succeed both personally and professionally.

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Common Interview Questions for Payer Sales Director
How do you approach building relationships with key decision-makers in the health plan sector?

To effectively build relationships, I focus on understanding the needs and challenges of executives in the health plan space. I leverage networking and engage in meaningful conversations, setting up meetings that allow me to present our solutions while fostering trust and transparency in our interactions.

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Can you describe a successful sales strategy you implemented in your previous role?

In my previous role, I developed a targeted account-based strategy that identified high-potential health plans. By tailoring our offerings to address specific pain points, I drove significant revenue growth and cultivated long-term relationships that resulted in referrals and increased market penetration.

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What techniques do you use for lead generation in complex sales environments?

For lead generation in complex sales, I utilize a mix of social media outreach, strategic networking, and leveraging existing relationships. I also conduct thorough market research to identify key stakeholders and create tailored content to generate interest in our solutions.

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How do you prioritize tasks and manage time while handling multiple accounts?

I implement a project management tool that helps me prioritize tasks based on urgency and importance. This allows me to maintain focus on strategic accounts while ensuring timely follow-ups. Regular assessments of progress help me recalibrate my efforts effectively.

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Describe a time when you had to navigate a challenging negotiation.

I once faced a challenging negotiation with a large health plan that had budget constraints. By focusing on the value our solution provided and emphasizing long-term ROI, I was able to create a flexible proposal that met their needs, ultimately leading to a successful partnership.

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What do you believe sets Cohere Health apart from its competitors?

Cohere Health’s commitment to empathetic teamwork and innovative solutions truly sets it apart. The combination of AI technology and a deep clinical understanding equips us to deliver patient-centric care that addresses real-world challenges faced by health plans.

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How do you stay informed about industry trends and competition?

I dedicate time each week to reading industry reports, attending webinars, and engaging in professional groups. Staying connected with thought leaders in the space ensures I am aware of emerging trends and can adapt our strategies accordingly.

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How do you document and report your account activities?

I meticulously document all interactions and maintain detailed records within CRM software. This allows me to track engagement history and insights, ensuring that all stakeholders are informed and that we have a comprehensive overview of each account.

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What metrics do you use to measure the success of your sales strategies?

Key metrics include revenue growth, lead conversion rates, account retention, and feedback from clients on our solutions. These indicators help assess the effectiveness of my strategies and guide adjustments to maximize our impact.

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In your view, what qualities make a successful Payer Sales Director?

A successful Payer Sales Director embodies qualities such as empathy, resilience, strong communication skills, and the ability to adapt quickly to changes. Understanding the nuances of the healthcare landscape while collaborating effectively with teams is crucial for driving success.

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Cohere Health will simplify healthcare by enabling patients, physicians, and health plans to collaborate on getting the right care -- at the right time, at the right place, and with the right value. Our focus is to enable an efficient, transparent...

71 jobs
MATCH
VIEW MATCH
BENEFITS & PERKS
Disability Insurance
Flexible Spending Account (FSA)
Health Savings Account (HSA)
Vision Insurance
Performance Bonus
Paid Holidays
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
SALARY RANGE
$150,000/yr - $170,000/yr
EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
November 26, 2024

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