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Ian Donovan

Blue Origin Presentation

Ian Donovan

About me

Background

Background

  • Born and raised in Seattle, WA

  • Attended Ballard High School

  • Moved to San Luis Obispo, CA for college

  • Academic interests in Economics, Finance, Computer Science, and Statistics

  • Currently work as a Financial Analyst at UW Medicine

Hobbies

Hobbies

  • Golf

  • Skiing

  • Cars

  • Music/Stero Equipment

  • Investing/Stocks

Education

Cal Poly: San Luis Obispo

  • B.S. Economics: 2016 - 2020

*Concentration in Quantitative Analysis

  • M.S. Quantitative Economics: 2020 - 2021

*Graduated with Distinction (Top 10% GPA)

Education

Coursework

  • Econometrics (R)
  • Advanced Econometrics I & II (R & MATLAB)
  • Applied Regression Analysis (R)
  • Statistical Computing with R (R)
  • Statistical Computing with SAS (SAS & SQL)
  • Statistical Analysis of Time Series (R)

  • Computing and Machine Learning for Economics (Python)
  • Evidence Based Decision Analysis ( Python)
  • Python for Analytics (Python & SQL)

Coursework

Job Experience

Job

Experience

Teaching Assistant

Cal Poly: 2020 - 2021

Achievments and Responsibilities:

Cal Poly

  • Converted PDF homework assignments into R Markdown templates

  • Designed and developed an anti-cheating program with R

  • Facilitated daily online tutoring and mentoring services in Econometrics

  • Responsible for grading homework and exams.

Senior Financial Analyst

UW Medicine: June 2021 - Present

Achievments and Responsibilities:

UW Medicine

  • Led the financial planning and analysis function for a large healthcare organization

  • Perform financial analysis, including compensation benchmarking, forecasting, and cost-benefit analysis

  • Prepare monthly financial reports & KPI summaries for executive leadership

  • Track and monitor productivity (wRVUs/CFTEs) among clinical providers

  • Mentored and coached junior analysts to ramp up their productivity

Why Blue Origin?

  • Exciting to be part of an ambitious mission

  • Well aligned with leadership principles

  • Passionate about space flight/exploration

  • FP&A work at BO would foster a deeper sense of importance

  • Opportunity to challenge myself and further develop my professional skills

Why Blue Origin?

Productivity & Compensation

Benchmarking

Objective:

  • Leadership at UW Medicine aims to achieve compensation and productivity levels for all medical providers that meets or exceeds the 50th percentile

  • To identify areas for improvement, we need to assess how medical providers currently compare in terms of productivity and compensation to the national benchmark

Project 1

Situation

  • Department leaders would like to conduct a comparison of their providers' compensation and productivity to a national benchmark

  • Third-party companies provide data on the distribution of salaries and productivity based on provider specialty (i.e. CPSC, AAMC)

  • Compensation measured in $

  • Productivity measured by wRVUs/CFTE

  • wRVU = Work Relative Value Unit

  • CFTE = Clinical Full Time Effort

Situation

Task

  • Prepare individual department reports by combining internal data sources with third-party benchmarks

  • Analyze the data we've prepared to determine the percentile at which each department's compensation and productivity currently reside

  • Based on the findings, calculate how many $s and/or wRVUs would be required to raise underperforming departments to the 50th percentile

  • Present the findings to leadership, using this analysis as a basis for initiating discussions on potential changes to compensation and work structure

Task

Action

  • Joined CFTE and wRVU data from internal sources

  • Combined internal data with third-party Party Benchmarks

  • Assembled files for individual departments and sent to leaders for data review

  • After obtaining approval from department leaders, used the distribution of productivity and compensation to find the department level percentiles

  • Additionally, calculate the required productivity and funding level to bring underperforming departments up to the 50th percentile

  • Final report summarizes compensation and productivity variances of each department, identifying high and low performing departments

Result

  • Enabled leadership to determine the relative rankings of each department in terms of productivity and compensation

  • Assisted in identifying the specific areas where improvement is needed

  • Provided insights into the necessary targets for funding and productivity enhancement

  • Identified the constraints that departments encounter when attempting to increase wRVUs and funding levels

  • These constraints shed light on the challenges that departments face in scaling up their productivity and acquiring additional resources

Capstone Project

  • Developed a research question, collected data, and authored a 20-page paper describing my thesis, methods, and results.

Project 2

Situation

  • Tasked with creating a research question, reviewing current literature, collecting data, and performing an analysis to answer the question

  • Data must be collected by yourself (i.e. web-scraping, government websites, third-party websites)

  • Write a paper detailing your methods and findings, along with a discussion of published research currently covering the chosen topic

Situation

Task

  • Research question: Does access to recreational cannabis reduce opioid related deaths?

  • Need to know the year that cannabis became legal in a given state, total opioid deaths, and demographic information (i.e. Average income, unemployment rate, percentage of people w/o health insurance, etc)

  • Perform an analysis to see if access to recreational cannabis caused opioid related deaths to increase/decrease

  • Write a paper to summarize the results and methods

Task

Action

  • Collected state-year level data from 2008 - 2018 to create a panel of all 50 states over this period

  • Estimated a generalized difference-in-differences model using R to see if there was a causal effect between access to recreational cannabis and opioid related fatalities

  • Wrote a paper to summarize my methods and results

Action

Result

  • Showed that states with access to recreational cannabis can expect to see between 4-6 fewer deaths per 100K people, per year

  • For reference, the state with the highest opioid death rate per 100K was West Virginia with 42 deaths/100K people

  • Washington state had 9.5 deaths/100K people

  • Received award for "Outstanding Senior Project", along with publishing on Cal Poly's website

Result

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