Think hard about your options - Associate Consultant STAT Revenue Employee Review

1.0
Aug 12, 2016
Recommend
CEO approval
Business outlook

Pros

Small company, so you can partially specialize in the type of work that interests you without having a particular background in it, and potentially make changes in the company. Most people are friendly. Eventually teaches you hard lessons about life and business, like the necessity of finding a new and better line of work.

Cons

Short-sighted leadership tries to address the company's financial woes by nickel-and-diming their own employees over bathroom breaks, tiny raises, and the like. CEO is in a state of constant panic over the future of the company, and it shows. Pretends to be a brilliant businessman and titan of industry, fools no one. Advancement is a complete joke -- There is a convoluted spreadsheet of career goals that you're measured against, which attempts to lend an air of objectivity and meritocracy to the process. In practice, it's just a giant bureaucratic nightmare to fill out, and the criteria are so vague and subjective that it's basically just a way for the CEO to find excuses to deny you a raise or promotion. They do not seem to realize that it makes bad business sense to pinch pennies denying good employees a measly dollar or two raise. In the month before review season, the edginess is palpable as management aggressively hunts for reasons to deny people tiny raises that don't even beat inflation. Oh, and on top of that, the spreadsheet is actively misleading -- when you master your current level, you would think you would be promoted, but in fact, you're told you need to master the next level after that. Effectively, you'll unwittingly spend your first year at the company trying to work your way up to the rock bottom rank you're already at. Yeah, it's weird, and a very demotivating surprise. In general, management does not seem to realize or care that talented employees have options and expects everyone to be satisfied with the little kingdom they've set up. Absolutely no incentive to think creatively, take risks, or try to make the company better. In fact, it is actively discouraged by the advancement system, since any and every tiny mistake made during that process becomes a reason to hold you back from a promotion. You'll have a better chance if you just keep your head down and coast, which is what most people learn eventually, if they lack the skills or motivation to find another job. Brown-nosing helps a LOT too. All in all, you're probably better off in every way going to Triage or something as they do the same work with more recognition, a more established company, and better pay. I've heard it can be demotivating that everyone advances at the same pace no matter how much they contribute, but that has to be better than contributing a lot and still not advancing, which is what happens here. You can probably get more varied and useful experience at Stat just because of the small size, but you will have to leave the company to ever see any benefit from that experience.

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STAT Revenue Response
8y
We are sorry that you did not have a good experience with us and we thank you for taking the time to let us know about your experience. We are pleased to hear that you found our company size, team members, and life lessons rewarding. We try to provide complete transparency with regards to job advancement, which comes in the form of our “career matrix” or spreadsheet. While this transparency is helpful for some, we recognize it is not the best for everyone. We continue to work to improve this process and have received very positive feedback on our changes. We wish you the best in your future jobs.

Explore other reviews about STAT Revenue

5.0
Aug 25, 2022
Recommend
CEO approval
Business outlook

Pros

STAT has a great training program with a great mentorship component. Also support employers and managers

Cons

Calling insurance companies can be draining but you get used to it

5.0
Sep 21, 2016
Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Looking back at my career, working at STAT was the best first job out of college that I could have asked for. I loved the small, nurturing and fun environment that I was met with on a day to day basis. Your role at the company really is what you make of it. While the day to day bread and butter of the company involves recovering underpayments for hospitals, as an employee you have the opportunity to learn and get involved in so much more (as long as you express interest). The company was still at its beginning stages while I was there, so I was able to get involved in recruiting, business development, project management, event planning, developing trainings etc. With that, I was able to test the boundaries to see what I enjoyed, what I was good at and the reverse of that. Exposing myself to these new areas, along with the continuous, personal mentorship that I received during my 4 years, makes my time at STAT an invaluable experience.

Cons

Yes, calling insurance companies can be a bit boring at first. However, if you're a goal oriented person, you'll enjoy the challenge and the hunt in finding and recovering underpayments. Then you can focus on other areas within the company such as improving processes, reading up on issues impacting hospitals etc. Ultimately, you have to start somewhere and understanding the process of recovering underpayments, including calling insurance companies, is necessary in order to progress at the company. And the same applies for most companies out there ...

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