Product Development Analyst

When applying, please include your resume and salary requirements to [email protected] with the following information in the subject line: "BuiltIn – Product Development Analyst – YOUR NAME". Local Applicants only.
Apply now

Why we’re excited to get to work:

The mission for Payformance Solutions is simple. We aim to be a catalyst for payment transformation in the healthcare industry. Our proprietary software solutions allow payers and providers to focus on what really matters: providing patients with access to care that yields the best health outcomes, at the lowest costs.

The healthcare industry is complex and fragmented. Payers and providers are faced with a lack of transparency and conflicting financial goals that fail to consider the health outcomes of patients. Payformance Solutions offers data-driven, turnkey software solutions that provide payers and providers with the technical tools and resources needed to design, evaluate, build, measure, and negotiate value-based reimbursement contracts — as a neutral third party. Our holistic solutions allow payers and providers to collaborate in an ecosystem that aligns financial goals with patient outcomes.

Our team needs a hands-on Product Development Analyst who can work closely with the product owners to influence and understand the product vision, strategic product direction, and product roadmap. You will be the product person who is passionate about solving real problems with technology. As the bridge between technical and business worlds, it’s essential that you are a guiding light, constantly organizing and executing strategy based on data driven decisions and hypotheses, aligning with company leaders, executing and measuring result. Using your passion to build things that matter, you understand project prioritization at a macro level, but live in the trenches with the teams to outline details, guide execution and own accountability.

What you’ll do:

  • Process information like an engineer, dream of front-end applications like a creative designer, have the drive of a hungry-entrepreneur BUT maintain the voice of a diplomat.
  • Specify and document software requirements in story format, using Agile methodology, with proper acceptance criteria that meet the business requirements
  • Work with the software engineering team to interpret the software requirement to support the implementation of product features
  • Work with the product leadership to maintain the product backlog to ensure sufficient level of backlog items for the engineering team, and contribute to the prioritization of the product backlog
  • Support “beta” clients interacting with Payformance Solutions products.

What you’ll bring to the table:

  • Outstanding verbal and written communication skills
  • Strong interest in health care and health reform. Knowledge of, and experience with, value-based care contracts and outcomes is a strong plus.
  • Proven track record of successfully working with product management or other business function to analyze, define, and document software functional requirement for commercial software product development
  • At least 3 years of experience in business requirements analysis in support of software development
  • Experienced and comfortable working with high performing engineering teams
  • Have solid understanding of software development life-cycle and have strong ability to effectively communicate business requirements to engineers
  • Interest in and/or experience with innovative technology-enabled healthcare solutions (e.g., digital health); experience with health care venture capital or solution implementation a plus.
  • Comfort working in an entrepreneurial environment and dealing with ambiguity.
  • Ability to succeed in a dynamic environment and produce multiple deliverables within tight timeframes.
  • Self-starter that places high value on quantitative analysis to drive product management towards scale and growth.
  • Position is based in Chicago

Not to boast, but a little bit about us:

Payformance Solutions is a health-tech company dedicated to advancing payment transformation in the healthcare industry. We are a wholly owned subsidiary of Altarum Institute, a nonprofit systems research and consulting organization that has been servicing government and private sector clients since 1946.

Altarum Institute combines the analytical rigor of a research institution with the business agility of a consulting firm, the Institute is uniquely positioned to deliver practical, systems-based health and healthcare solutions to its clients. Altarum’s nonprofit status ensures that the public interest is always preeminent in our work. Our dedication to social responsibility is evident in all that we do, serving the public good with integrity and enabling others to do the same. Altarum develops and promote best practices in the application of information technology to health and health care. Applying systems research principles and analytic objectivity, we work to increase access to health information; improve the organization and usability of health information; and develop new knowledge from health information. We work to achieve these goals by addressing all aspects of information technology —policy and planning efforts, system design and development, information exchange, and the management and evaluation of specific information technology and strategies.

At Payformance, we don’t just accept difference - we celebrate, support, and thrive on it for the benefit of our employees, our clients, and our community. Payformance Solutions is proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to, among other things, race, color, religion, sex, sexual orientation, gender identity, national origin, age, marital status, status as a protected veteran, or disability.

To all recruitment agencies: Payformance does not accept agency resumes, we are not responsible for any fees related to unsolicited resumes.

Read Full Job Description
When applying, please include your resume and salary requirements to [email protected] with the following information in the subject line: "BuiltIn – Product Development Analyst – YOUR NAME". Local Applicants only.
Apply now
loading ...
Emailed

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • JavaLanguages
    • JavascriptLanguages
    • PythonLanguages
    • ScalaLanguages
    • D3JSLibraries
    • ExpressFrameworks
    • Node.jsFrameworks
    • VueFrameworks
    • CassandraDatabases
    • Microsoft SQL ServerDatabases
    • MongoDBDatabases
    • MySQLDatabases
    • ElasticsearchDatabases
    • Google AnalyticsAnalytics
    • IllustratorDesign
    • PhotoshopDesign
    • SketchDesign
    • AsanaManagement
    • ConfluenceManagement
    • JIRAManagement
    • SmartsheetManagement
    • WordpressCMS

Location

Or office is right on the river, from our windows you can see the Hancock Building, The Tribune Tower, and over the river into the Loop!

An Insider's view of Payformance Solutions

What are some social events your company does?

Team Holiday Event: Specialty donuts and all hands strategy meeting (Define success in 2018); Quartino's for lunch and drinks (its 5 o'clock somewhere); Art Heist @ The Escape Room (we made it out!).

Kevin

CTO

What kinds of technical challenges do you and your team face?

The technology that powers the claims systems in the Healthcare industry has not been updated since the 70s. We're building solutions that leapfrog these legacy systems while improving patient outcomes and reducing costs.

Matt

Director of Analytics

How does the company support your career growth?

Payformance sets aside budget annually for everyone to attend conferences, seminars, and enroll in continuing education.

Matt

Manager, Talent Acquisition

What's the biggest problem your team is solving?

Using data to improve patient outcomes, lower costs, and increase access. Using structured and unstructured data to address the $1 trillion opportunity, just a small piece of the overall health care spend in the US (20% GDP).

Matt

Director of Analytics

What are Payformance Solutions Perks + Benefits

Payformance Solutions Benefits Overview

We are located on the river in River North, with access to trendy restaurants and bars on Hubbard Street, various food halls such as Merchandise Mart and Wells St. Market, and right of the path from the Magnificent Mile. Each employee is provided with a company laptop that allows you to utilize our gracious work from home policy. We frequently go out as a team for drinks, sometimes paired with a round of darts or a trip to the beach! Recently Payformance Solutions contributed to the community by cleaning up the Ohio Street Beach with the Great Lakes Alliance. In addition to the daily friendly culture, we provide 100% company covered health insurance, dental and vision insurance, paid volunteer hours, unlimited PTO, 401K match, and financial assistance with your future studies! We work hard, but we also play hard!

Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Payformance Solutions provides an FSA with a annual contribution of up to $2,650. This can be used to cover orthodontic care, eyeglasses, over the counter drugs, prescriptions, and much more.
Disability Insurance
We offer Short Term Disability Insurance (75% weekly pay) and Long Term Disability Insurance (50% weekly pay) through Prudential - all company paid!
Dental Benefits
Delta Dental Plan
Vision Benefits
VSP Vision Insurance
Health Insurance Benefits
Aetna Medical Insurance
Life Insurance
Prudential Life Insurance
Wellness Programs
Kick boxing and yoga classes on site.
Onsite Gym
Gym membership is provided by the company and is located within the building. Fully equipped gym including lockers, various equipment (cardio & weights), and complimentary toiletries.
Retirement & Stock Options Benefits
401(K)
401(K) Matching
401k Matching up to 5%.
Company Equity
Employee Stock Purchase Plan
Performance Bonus
Every quarter, members of the team can be nominated via our bonus program designed to motivate and reward employees for the attainment of operational performance goals
Child Care & Parental Leave Benefits
Child Care Benefits
Payformance Solutions provides the options to contribute to a Dependent Care FSA in which you can contribute up to $5000. This can be used towards child day care, nursery and preschool.
Generous Parental Leave
Payformance Solutions offers up to 16 weeks maternity AND 2 week paternity leave.
Flexible Work Schedule
We offer hours outside of the standard 9 - 5pm times.
Remote Work Program
Family Medical Leave
We offer long term care for employees AND immediate family members.
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
At the end of the year, you can roll over ALL of your PTO with no cap to it. In addition, there is an option to "buy back" some of it to give yourself a well earned bonus!
Paid Volunteer Time
Paid Holidays
Exempt employees are eligible for 9 paid holidays per year (6 of the days Payformance Solutions will be closed for business, the other 3 will be considered “floating” holidays).
Perks & Discounts
Beer on Tap
Not only is there beer on tap, but there is Cold Brew on tap and Kombucha on tap!
Casual Dress
Jeans are acceptable!
Commuter Benefits
In addition to our company commuter benefits, the building also provides a shuttle service from Ogilvie and Union Station!
Company Outings
Game Room
We have a pool table, foosball table, and television broadcasting various sport games.
Stocked Kitchen
Some Meals Provided
Periodically we will need to hit the books and finish a big project. There will always be pizza within arms length when that happens.
Happy Hours
Friday Happy Hours, wine and whisky. We could always use some more wine drinkers :-).
Parking
With the building, there is a 900 space parking garage and bicycle parking.
Pet Friendly
Though the building does not allow for dogs unfortunately, we have been known to have a pet hedgehog run around the office.
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement

Additional Perks + Benefits

100% employer paid medical options available • Free gym access • 401K retirement fund contribution (5%) • Healthy work/life balance… Our flexible office hours and time-off allows you to make the most of your time in and out of the office to fit your needs. Plus, an optional work-from-home abilities (after 3 months) • Work with a highly collaborative and values-driven team • Awesome co-workers!

More Jobs at Payformance Solutions7 open jobs
All Jobs
Data + Analytics
Design + UX
Dev + Engineer
Internships
Product
Developer
new
Chicago
Product
new
Chicago
Internships
new
Chicago
Developer
new
Chicago
Design + UX
new
Chicago
Data + Analytics
new
Chicago
Data + Analytics
new
Chicago
When applying, please include your resume and salary requirements to [email protected] with the following information in the subject line: "BuiltIn – Product Development Analyst – YOUR NAME". Local Applicants only.
Apply now
Save job
loading ...
Emailed
View Payformance Solutions's full profileSee more Payformance Solutions jobs