Business Developement Executive - Hyderabad, India - Wellness Hospital

Wellness Hospital

Verified Company

Hyderabad, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Job Description:
Business Development Executive

WELLNESS HOSPITALS

Position Overview:

As a Business Development Executive in the healthcare industry, your primary responsibility is to drive the growth and expansion of the organization by identifying and pursuing new business opportunities.

You will be responsible for developing and implementing strategies to foster strategic partnerships, increase market share, and maximize revenue generation.

Your role requires a deep understanding of the healthcare landscape, strong business acumen, and excellent communication and negotiation skills.

KEY RESPONSIBILITES:

Market Research and Analysis:

Conduct thorough market research to identify emerging trends, competitive landscape, and potential business opportunities in the healthcare sector.
Analyze market data, customer demographics, and industry insights to develop strategies for market penetration and growth.
Stay updated with industry regulations, policy changes, and technological advancements that impact the healthcare market.

New Business Development:

Identify and evaluate potential business opportunities, partnerships, and collaborations that align with the organization's growth objectives.

Develop and maintain a strong network of industry contacts, including healthcare providers, insurance companies, pharmaceutical companies, and other relevant stakeholders.

Initiate and lead negotiations for partnerships and contractual agreements, ensuring favorable terms and conditions.

Relationship Management:

Build and nurture strong relationships with key stakeholders, including healthcare providers, hospital administrators, government agencies, and industry associations.

Collaborate with internal teams, such as marketing, sales, and product development, to ensure effective coordination and alignment of business strategies.

Attend industry conferences, trade shows, and networking events to promote the organization and establish new connections.

Sales and Revenue Generation:

Develop and execute sales strategies to meet or exceed revenue targets.

Identify potential clients and opportunities for business expansion, and proactively engage with them to pitch the organization's products or services.

Conduct sales presentations, product demonstrations, and negotiations to secure new contracts and partnerships.

Reporting and Analysis:

Track and analyze key performance indicators (KPIs), sales metrics, and market trends to assess the effectiveness of business development strategies.

Prepare regular reports and presentations for senior management, highlighting business development activities, progress, and opportunities for improvement.

Qualification and Skills:

Bachelor's degree in Business Administration, Healthcare Management, or a related field. A master's degree is preferred.
Proven experience in business development or sales within the healthcare industry.
Strong knowledge of the healthcare sector, including healthcare providers, insurance companies, regulations, and market dynamics.
Excellent interpersonal and communication skills, with the ability to build and maintain relationships with diverse stakeholders.
Demonstrated ability to negotiate and close business deals.
Analytical mindset and proficiency in market research and data analysis.
Selfmotivated, targetdriven, and resultoriented.
Ability to work independently and as part of a team in a fastpaced environment.
Proficiency in using CRM software, Microsoft Office Suite, and other relevant business tools.