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Business Development Manager - Consumer Financing | Healthcare Markets  image - Rise Careers
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Business Development Manager - Consumer Financing | Healthcare Markets

Company Description

PowerPay is a financial technology company (fintech) in several vertical markets including home improvement, healthcare, recreational vehicles and more. PowerPay is building a national network of partners that offer our financing solutions to their respective clients/customers/patients. PowerPay originates and services all loans. 

www.getpowerpay.com

 

Job Description

As a Business Development Manager - Healthcare at PowerPay, you will be instrumental in advancing our mission to revolutionize financing in the elective healthcare industry. Your key objective will be to utilize our fintech platform and lending solutions to attract and onboard elective healthcare service providers into our lending program. By effectively engaging with these providers, you will expand our network and facilitate access to financing options for patients and consumers seeking elective procedures. This role demands a strategic approach, where you will identify and cultivate relationships with healthcare professionals, clinics, and facilities. In addition to direct engagement with providers, you will play a crucial role in pursuing and managing strategic partnerships, both direct and integrated.

ESSENTIAL DUTIES AND RESPONSIBILITIES include the following. Additional duties may be assigned as necessary.

  • Identify and pursue new service providers within an assigned territory with over $1M in annual prime financing volume. Prospect verticals included, but were not limited to, dental and veterinary hospitals and fertility. 
  • Conduct comprehensive needs assessments with potential clients to understand their financing requirements and goals.
  • Utilize your expertise in point-of-sale financing to propose customized solutions that align with the business objectives and client demographics.
  • Manage the entire sales cycle from lead generation to deal closure, consistently meeting or exceeding sales targets and performance benchmarks.
  • Utilize CRM software to track sales activities, monitor pipeline progress, and document client interactions for accurate forecasting and reporting.
  • Collaborate with the Onboarding team to successfully onboard new service providers and support account managers in managing accounts post-onboarding.
  • Work closely with internal teams, including product development, customer success, and finance, to address client needs and enhance PowerPay's offerings.
  • Provide valuable insights and feedback from the field to inform product enhancements and go-to-market strategies.
  • Proactively utilize reporting tools to optimize service provider performance.
  • Exceed quarterly quota goals.

Qualifications

MINIMUM REQUIREMENTS (Knowledge, Skills, Abilities)

  • 5+ years of sales experience.
  • Self-motivated with a strong drive to achieve top performance.
  • Excellent presentation skills, both in-person and via phone and web-conferencing.
  • Proficiency in CRM software (HubSpot) and Google Suite programs.
  • Exceptional customer service skills.
  • Willingness to travel to customer locations and participate in trade shows.

Additional Information

All your information will be kept confidential according to EEO guidelines.

Average salary estimate

$80000 / YEARLY (est.)
min
max
$70000K
$90000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Business Development Manager - Consumer Financing | Healthcare Markets , PowerPay

At PowerPay, we're on a mission to transform the world of consumer financing within the healthcare sector, and we want you to join us as a Business Development Manager - Healthcare! Located in King of Prussia, PA, you will play an instrumental role in promoting our fintech solutions specifically designed for elective healthcare services. Your day-to-day will involve engaging with healthcare professionals, clinics, and facilities, helping them to integrate our unique lending platforms into their practices. Whether it's dental offices, veterinary clinics, or fertility centers, your strategic approach will help us expand our network significantly. You'll be conducting comprehensive assessments to understand the financing needs of potential partners and crafting tailored solutions based on your findings. From managing the entire sales process to rolling out successful onboarding for new service providers, your drive and stellar presentation skills will shine through. You’ll work collaboratively with various internal teams to ensure that the solutions we offer meet client expectations and enhance their service experience. Plus, with the support of CRM tools like HubSpot, you will smoothly track sales metrics and monitor pipeline progress, ensuring that you meet those ambitious sales targets. If you thrive in a high-performance culture and are excited about making a real difference in people's healthcare experiences, PowerPay is the place for you. Let's revolutionize healthcare financing together!

Frequently Asked Questions (FAQs) for Business Development Manager - Consumer Financing | Healthcare Markets Role at PowerPay
What responsibilities does a Business Development Manager - Healthcare at PowerPay have?

As a Business Development Manager - Healthcare at PowerPay, you will be responsible for identifying and engaging healthcare service providers, assessing their financing needs, and proposing our innovative lending solutions. You will manage the entire sales cycle, from lead generation to closing deals, while collaborating with various teams to successfully onboard new providers and drive performance metrics.

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What qualifications are required for the Business Development Manager - Healthcare position at PowerPay?

To be successful as a Business Development Manager - Healthcare at PowerPay, you should have over 5 years of sales experience, excellent presentation skills, and proficiency in CRM software and Google Suite. Self-motivation, outstanding customer service skills, and a willingness to travel are also essential for this role.

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How does PowerPay support its Business Development Manager - Healthcare in meeting sales targets?

PowerPay equips its Business Development Manager - Healthcare with robust tools like CRM software for tracking sales activities and monitoring pipeline progress. Regular collaboration with internal teams ensures that the solutions we offer align with client expectations, maximizing your potential to meet or exceed quarterly sales targets.

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What type of healthcare providers will I work with as a Business Development Manager - Healthcare at PowerPay?

In this role, you will primarily focus on engaging with elective healthcare service providers, including those in dental, veterinary, and fertility sectors. Your goal will be to onboard these providers into our consumer financing solutions to facilitate better access for their patients.

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What is the work culture like at PowerPay for a Business Development Manager - Healthcare?

The work culture at PowerPay is dynamic and collaborative. As a Business Development Manager - Healthcare, you will be part of a progressive team focused on innovation in consumer financing. We value self-motivation, teamwork, and the drive to exceed expectations while maintaining a supportive environment for personal and professional growth.

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Common Interview Questions for Business Development Manager - Consumer Financing | Healthcare Markets
How can you leverage your sales experience as a Business Development Manager - Healthcare?

Utilize your past sales experiences to demonstrate your ability to build relationships and meet goals. Share specific examples of how you successfully engaged clients and handled objections, focusing on your approach and the results you achieved.

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What strategies would you employ to identify new healthcare providers as a Business Development Manager?

You could discuss using market research to identify potential verticals, attending industry trade shows, and networking within healthcare communities. Emphasize the importance of understanding each provider's unique needs to tailor your approach effectively.

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Describe a challenging sales situation you faced and how you handled it.

Share a specific challenge, focusing on how you approached the situation, adjusted your strategy, and ultimately resolved the issue. Illustrate with metrics or outcomes that showcase your problem-solving and negotiation skills.

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How do you ensure effective communication with potential healthcare partners?

Highlight your experience in various communication channels, such as in-person meetings, video conferencing, or presentations. Discuss the importance of active listening and tailoring your messaging to the specific needs of each potential partner.

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What role does CRM software play in your sales process?

Discuss how CRM software helps manage your sales pipeline, track client interactions, and analyze performance metrics. Share how you leverage it to stay organized and ensure timely follow-ups to maximize your sales efforts.

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Can you provide an example of how you customized a financing proposal for a client?

Describe a scenario where you assessed a client’s specific needs and preferences, then tailor-made their financing solution. Highlight the importance of understanding their demographics and aligning the proposal with their business objectives.

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What techniques do you use to close a sale effectively?

Emphasize active listening, addressing concerns promptly, and demonstrating the value of your solution in relation to the client's objectives. Discuss closing techniques you’ve found effective, such as creating a sense of urgency or offering a limited-time incentive.

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How do you stay updated on trends in healthcare financing?

Discuss sources such as industry publications, webinars, networking events, or informal discussions with peers. Share your strategies for continuous learning that keep you informed about industry innovations, market changes, and competitive analysis.

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How important is collaboration with internal teams for a Business Development Manager?

Highlight the impact of collaboration on achieving high client satisfaction, sharing insights for product enhancements, and ensuring service providers receive comprehensive support. Use examples from your past experiences where teamwork played a critical role in your success.

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What motivates you as a Business Development Manager - Healthcare?

Share your passion for helping healthcare providers and patients through innovative financing solutions. Discuss specific aspects of the role that excite you, such as making a tangible difference in healthcare access and improving patient outcomes.

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Dental Insurance
Health Savings Account (HSA)
Vision Insurance
Paid Holidays
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EMPLOYMENT TYPE
Full-time, on-site
DATE POSTED
March 27, 2025

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