Hey y'all! I have a round 1 interview for the Simon-Kucher Healthcare internship coming up in a few days, and I'd love to hear any insights on how to best prep for it. Most of my prep has been more generalist, but I know SK focuses on pricing strategy and commercialization. I've been learning about the specific pricing frameworks and getting familiar with healthcare terminology over the last day or two but would appreciate any advice on what to focus on to maximize my changes of moving on.
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Hey there,
For Healthcare Consulting interviews, the main thing you should be familiar with is price-setting methodology. Different drugs or technologies can be priced in different ways: for example Quality of care (e.g., QALY-based ceilings), System Cost Saving (e.g., ROI or cost saving vs. equivalent therapeutic strategy), or Cross-Product/Cross-Country benchmarks (e.g., adjusting foreign prices to local wtp/budget).
The absolute #1 case type for these interviews is a healthcare-specific market sizing: think of something like "Give me the market sizing for Ozempic in Germany". In these case, you have to think about a Price * Quantity, where
- Price depends on the methodology you use, typically among the ones defined above (the most technical thing to know)
- Quantity is generally a function of population cuts and drug usage (e.g., one pill a day vs. something else)
I did a ton of work in healthcare while at McKinsey and I prepped a lot of folks for Healthcare Consulting roles -- both boutique and major firms, both Europe and US. Do not hesitate to reach out if you want some more details or want to book a dedicated session!
In any case, good luck on your interview!
Tom
