Healthworx, the innovation and investment arm of Carefirst, is hiring a summer intern. This intern would be part of the Healthworx Ventures team, which mades Series A and Series B venture capital investments into healthcare companies. The Ventures team also manages a portfolio of venture captial investments, both direct companies and other funds in the healthcare space. Finally, the Ventures team is a classic experience in corporate venture capital and innovation: balancing the financial returns of a fund while also prioritizing strategic value in healthcare.
As an intern on this team, you would have exposure to all elements of the Venture Capital process. You would join, and potentially take your own, sourcing calls with healthcare start-ups. You would network with other early stage investors and accelerators. Depending on active deals, you may support the diligence process. You would be involved in projects around portfolio support. You would have direct insight into the mechanisms of running a corporate venture capital fund. And you would work closely with our stakeholders at CareFirst and other payers to develop informed opinions about healthcare innovations.
We are looking for a hungry and talented intern to join us for the summer to innovate in healthcare. We are looking for MBA or MBA-equivalent students who have at least a year of school under their belt. Ideally, you come from a finance-related role, and have spent more hours that youd like to admit structuring spreadsheets and deals. But youre also hungry for more: youve worked or interned for a start-up, have a side hustle, have gotten involved in start-up or VC work in school, or have another passion project. Wed also love folks with demonstrated interest and experience in healthcare.
About the Company:
CareFirst BlueCross BlueShield is the Mid-Atlantic regions largest private sector health insurer, serving the healthcare needs of 3.5 million members in Maryland, the District of Columbia, and portions of northern Virginia. The Company offers a comprehensive portfolio of products and services to individuals and groups, as well as state and federal government sponsored plans. As a not-for-profit health plan and the largest healthcare company in the region, CareFirst is committed to delivering quality, accessible, affordable, and equitable healthcare in all the communities we serve.
Healthworx is the innovation and investment arm of CareFirst. Healthworx includes 4 arms: a Studio for net new businesses, an Accelerator for pre seed and seed stage support, a Ventures team for direct Series A and B investments, and a Funds arm to invest in other early healthcare funds. This role reports to the Ventures and Funds team.
Job Description:
This internship is designed to be an 11-week full-time opportunity beginning in mid-May or early June 2026 and concluding August 2026. The program is ideal for a mid-study masters student, who is in between years at an MBA or similarly entrepreneur and finance-focused program.
Responsibilities:
Conduct comprehensive market research and analysis to identify emerging trends and potential companies for investment.
Assist in the evaluation of potential investment opportunities through data collection, financial modeling, and due diligence.
Prepare detailed reports and presentations on research findings to support investment decisions.
Collaborate with the Healthworx Ventures team to develop strategic plans and recommendations for potential investments.
Move forward projects or support for portfolio companies or funds.
Collaborate with the wider CareFirst team to understand and act on healthcare trends.
Education Level:
Graduate Track: Masters student post year 1, pursuing an MBA degree or similar master's program in Business, Finance, Economics, Entrepreneurship, or a related field with a cumulative GPA of 3.5 GPA.
Required Abilities/Skills:
Independent thinker and self-starter who can also work as part of a team
Financial modeling experience strongly preferred
Commitment to the start-up or venture capital ecosystem through past jobs, internships, MBA programs, or other opportunities
Healthcare experience and/or interest is a plus
Excellent interpersonal skills and the ability to positively interface with and establish and maintain effective working relationships with both internal and external stakeholders.
Attention to detail and excellent analytical and problem-solving skills.
Excellent written and verbal communication skills including assisting with presentations and proposals.
Excellent organizational skills and ability to set priorities.
Demonstrated skills with various computer applications/software, particularly those related to database management and the development of presentations.
Salary Range: $18,720 - $26,000
Salary Range Disclaimer
The disclosed range estimate has not been adjusted for the applicable geographic differential associated with the location at which the work is being performed. This compensation range is specific and considers factors such as (but not limited to) the scope and responsibilities of the position, the candidate's work experience, education/training, internal peer equity, and market and business consideration. It is not typical for an individual to be hired at the top of the range, as compensation decisions depend on each case's facts and circumstances, including but not limited to experience, internal equity, and location. In addition to your compensation, CareFirst offers a comprehensive benefits package, various incentive programs/plans, and 401k contribution programs/plans (all benefits/incentives are subject to eligibility requirements).
Department
HWX Ventures
Equal Employment Opportunity
CareFirst BlueCross BlueShield is an Equal Opportunity (EEO) employer. It is the policy of the Company to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
Where To Apply
Please visit our website to apply: www.carefirst.com/careers
Federal Disc/Physical Demand
Note: The incumbent is required to immediately disclose any debarment, exclusion, or other event that makes him/her ineligible to perform work directly or indirectly on Federal health care programs.
PHYSICAL DEMANDS:
The associate is primarily seated while performing the duties of the position. Occasional walking or standing is required. The hands are regularly used to write, type, key and handle or feel small controls and objects. The associate must frequently talk and hear. Weights up to 25 pounds are occasionally lifted.
Sponsorship in US
Must be eligible to work in the U.S. without Sponsorship