What are the responsibilities and job description for the Senior Vice President, Innovation Ventures position at Korn Ferry Executive Search?
The Organization
The Children's Hospital of Philadelphia (CHOP), the first children's hospital in the nation, is a 600 bed, academically based, internationally renowned, integrated healthcare delivery system specializing in the care of children from birth through age 19; in addition, the hospital provides care to select groups of adults with pediatric conditions that require CHOP expertise to manage. For more than 160 years, CHOP has been a pioneer of pediatric medicine and research providing world-renowned medical and surgical care to children from around the globe. The academic Department of Pediatrics at the University of Pennsylvania Perelman School of Medicine is housed at CHOP and has been consistently ranked number one or two in a survey of medical school deans and senior faculty at peer institutions.
With over 18,000 employees, the hospital offers cutting-edge care in 42 pediatric medical and surgical specialties and more than 50 specialized programs, including cardiac care, childhood cancer, fetal diagnostics, and surgery. CHOP's healthcare mission is accomplished at multiple locations, including the main campus, located in University City; The Middleman Family Pavilion located in King of Prussia, Pennsylvania, opened in January of 2022; and multiple geographic sites within southeastern Pennsylvania and New Jersey. CHOP is a leader in the field of fetal surgery and has a dedicated Special Delivery Unit.
CHOP has one of the largest pediatric networks in the nation, comprised of primary care practices, specialty care centers, home care and inpatient community facilities in southeastern Pennsylvania and New Jersey. This network includes 31 primary care practices, the majority of which are located in Philadelphia suburbs; 11 specialty care centers that include four ambulatory surgery centers; two hematology / oncology day hospitals; and three urgent care centers. CHOP provides physician services to 15 inpatient units in community hospitals and has over one million outpatient visits per year.
CHOP attained Magnet Recognition Status for nursing excellence in February 2004, was re-designated in 2008, and again in 2014, placing it in the top 6 percent of hospitals nationally with this honor. CHOP was the second Philadelphia hospital to attain the designation and the first pediatric hospital in Pennsylvania to hold this honor from the American Nurses Credentialing Center.
Few children's hospitals in the nation and none in the region match CHOP's representation on the U.S. News & World Report's list. CHOP holds the number two spot on U.S. News & World Report's 2021-22 Honor Roll of the nation's best children's hospitals, and it is ranked at or near the top in each of the 10 specialty areas. The hospital has also been recognized nationally by Parents magazine and holds the number one position on its list of the best pediatric hospitals in the U.S. CHOP has also earned accreditation from the National Committee for Quality Assurance (NCQA) as an Accountable Care Organization (ACO), is the first children's hospital in the country to earn this accreditation and is among the first five organizations to be accredited nationally.
Children's Hospital of Philadelphia Research Institute
Research is intrinsic to the advancement of healthcare and to CHOP's vision and mission as embodied in the CHOP Research Institute. CHOP has a long and distinguished tradition of research that has spanned more than 100 years and positioned the Hospital as a world-renowned pediatric research center. The many research breakthroughs at CHOP have improved the lives of countless children not only in the Philadelphia region, but throughout the world. Among the historical research breakthroughs that have made the hospital an international pioneer in pediatric medicine are vaccines against measles, mumps and rubella, the development of a balloon catheter for use in cardiology and the generation of new treatments for sickle cell disease, novel CAR T-cell therapies for cancer and novel gene therapies for congenital blindness.. By fostering collaborations between clinical and basic scientists, the hospital's traditional "bench to bedside" philosophy has resulted in an array of other major scientific achievements.
With a phenomenal increase in research staff, space and external funding, doubling twice in the past decade alone and exceeding the growth of the NIH's extramural budget, the Research Institute at CHOP continues to build upon its rich research history and continues its pursuit to improve the health of children throughout the world. Today, the CHOP Research Institute is home to one of the largest pediatric research programs in the country, with over $365 million in external funding and an annual budget of over $680 million.
Translational research is at the core of the Research Institute. Discoveries from the laboratories and clinical research programs find their way to patients' bedsides in the form of new drugs, techniques, and therapeutic approaches. Those treatments and approaches in turn generate new research questions and observations that CHOP investigators bring back to their programs. Featured research includes studies of spina bifida, gene therapy approach for treating a rare immunodeficiency, new approaches for treating the most common form of hypoglycemia in children, clinical support tools to help premature infants, stem cell research to treat cancer and genetic disorders, and new tools to manage diabetes.
Mission
Children's Hospital of Philadelphia, the oldest hospital in the United States dedicated exclusively to pediatrics, strives to be the world leader in the advancement of healthcare for children by integrating excellent patient care, innovative research, and quality professional education into all its programs.
Research
Children's Hospital is committed to researching and finding cures for chronic and fatal pediatric illnesses. The organization's physician-researchers draw on the latest available information about the human genome to customize therapies to variations in genetic makeup. Oncologists are working on therapeutic vaccines for children that teach patients' healthy cells to recognize and fight cancer. Other researchers are investigating prenatal stem-cell transplants to improve treatments for a variety of diseases including muscular dystrophy, leukemia and sickle cell disease.
Family-Centered Care
The Hospital was one of the first in the United States to recognize the importance of treating all aspects of the patient, including emotional well-being and that of the child's family. CHOP works to educate families as partners in their children's care, and they rely on families' feedback to improve their services. The Child Life, Education and Creative Arts Therapy Department is designed to nurture the hearts and minds of patients and families while caregivers treat the body.
Education and Advocacy
Children's Hospital healthcare providers also are aware that preventing disease is at least as important as treating illnesses. Current advocacy programs include those to prevent HIV and asthma, as well as early intervention to best prepare children for school and to help chronically ill young adults live on their own.
Since its founding in 1855, Children's Hospital has fostered some of the nation's pioneers in pediatric medicine and continues to be the premier training ground for future pediatric leaders. As a premier research institution, the hospital boasts a variety of world-class innovations and firsts. They have had major accomplishments in a variety of areas including cardiac, genetic and cancer research, fetal surgery, neonatology, and automobile safety research. The Hospital has pioneered several vaccines against childhood illness, and their scientists continue to investigate new vaccines to fight deadly diseases.
Awards and Recognition
Children's Hospital of Philadelphia has garnered consistent praise over the years. Every year since 2007, when U.S. News and World Report published the first ranking of U.S. children's hospitals, Children's Hospital of Philadelphia (CHOP) has been among the top-ranked institutions in the country. This year was no different as they have once again been included on the Best Children's Hospitals Honor Roll in the 2023-24 U.S. News and World Report rankings. Only 10 pediatric hospitals across the nation are on the Honor Roll.
CHOP has not only received recognition for its unwavering commitment to providing superior care, but also for its commitment to its employees. In 2022, CHOP was ranked No. 1 on Forbes' 2022 list of America's Best Large Employers. The recognition highlighted CHOP's implementation of various programs designed to help its employees navigate the uncertainty of the COVID-19 pandemic, including offering more flexibility in scheduling and split shifts, bringing back retired nurses, and offering subsidized childcare through the YMCA. These and other initiatives helped CHOP secure the top spot.
Additional awards, accreditations, and recognitions are outlined below :
Digital & Technology Services Department
- MOST WIRED College of Healthcare Information Management Executives (CHIME)
o DTS Department has consistently received this award since 2015
o 2023 - Certified Acute Level 8
o For 2022, Certified Level 8
o DTS Department has consistently received this award since 2013
o 2023 - Ranking to be announced in November 2023
o For 2021, #3 on Diversity and Inclusion List and #46 among large organizations
o Among top ten in Diversity and Inclusion list since 2018
o Shakeeb Akhter, SVP & CDIO, chosen from impressive pool of more than 325 remarkable individuals leaving their mark in the community.
CHOP Organization
2023
2022
Please refer to the CHOP Public site for additional details : https : / / www.chop.edu / about-us / awards-accreditations-and-recognition
Key Children's Hospital of Philadelphia Facts
Statistical Highlights
Outpatient Visits
Year End June 30, 2021 (FY'23).
Financial and Operational Highlights
Diversity, Equity, and Inclusion
Creating a safe, culturally competent, diverse, inclusive, and caring environment is at the foundation of everything Children's Hospital of Philadelphia (CHOP) does. As a leading pediatric healthcare system, leadership and staff alike know how many individual lives they impact on a daily basis. Upholding these values and standards is a responsibility they take seriously.
Inclusion and diversity are critical drivers for creating the ideal experience for every patient, family, employee, and member of the communities CHOP serves. CHOP's Office of Diversity, Equity, and Inclusion (ODEI) empowers and supports its diverse workforce, patient population, and community to advance Children's Hospital of Philadelphia's mission of excellent patient care, innovative research, and quality professional education.
The Opportunity
Position : Senior Vice President, Innovation Ventures
Location : Philadelphia, PA
Reporting Relationship : Susan Furth, MD, PhD, Chief Scientific Officer
Website : https : / / www.chop.edu /
The Role
The Children's Hospital of Philadelphia seeks to appoint a Senior Vice President, Innovation Ventures (SVP). The SVP is a dynamic and forward-thinking leader who will lead a team of licensing, business development, and investment professionals who collectively serve as the primary gateway for researchers seeking to commercialize their discoveries. The team will facilitate these efforts by connecting with the private sector through corporate-sponsored research collaborations, licensing discussions, or connections with entrepreneurs and investors to support startup company formation. The team will provide comprehensive step-by-step service to faculty starting with invention assessment and intellectual property support, followed by business mentoring and connections to early-stage capital. The leader will build a team of experts to facilitate the creation of corporate research alliances and collaborations to accelerate the development of promising research. Innovation Ventures will enable the translation, commercial development, and licensing of groundbreaking research discoveries and technologies. This leader drives the successful development and execution of entrepreneurship activities related to scientific translation that will accelerate CHOP's success in commercialization efforts of research output and secure our reputation as the leading center for entrepreneurship and innovation activities related to scientific translation.
The SVP, Innovation Ventures is responsible for teams leading all research related commercialization activities and developing industry relations across the Research Institute as well as entrepreneurship activities. This individual will be responsible for further fostering an institutional sea change incorporating entrepreneurial thought processes throughout the enterprise. The SVP will create a centralized hub for managing existing and future commercialization opportunities and entrepreneurial / innovation projects, thereby ensuring the diversification of CHOP revenue streams to offset dwindling external sources of income and ensuring continued / growth of funding for research and development. Responsibilities will also include the successful execution of commercialization of intellectual property generated within the organization through technology transfer initiatives and new company development.
This individual must be capable of fostering a culture of innovation at the intersection of academia and industry while effectively managing legal and financial considerations to drive the successful commercialization of intellectual property. Key to the role is an ability to adapt to evolving market trends, regulatory changes, and the dynamic nature of investing in a not-for-profit academic medical center setting while possessing a willingness to explore innovative financial models and impact-driven investment structures. The SVP, Innovation Ventures will build and lead a team which can assess competitive advantages and challenges, market opportunity, and additional development, helping facilitating licensing of technology or guiding new companies to develop successful teams and be poised for success, helping make the connections and introductions required to start and advance new companies. The SVP will lead a team that will mentor faculty and assist them in developing startup business plans and pitch decks, identifying spinout management, and engaging external commercial funding partners. The SVP will have contacts in the entrepreneurial ecosystem to connect our faculty with necessary startup creation and venture support. As a key member of the Chief Scientific Officer's leadership team, the SVP will partner with leaders across the enterprise in support of CHOP's mission of patient care, education, and research, and will be expected to participate in a range of activities to demonstrate executive presence in support of this mission.
Key Responsibilities
Primary responsibilities include :
Strategic Leadership and Collaboration :
Team Management :
Oversee Offices of Technology Transfer and Licensing :
Oversee Market Analysis and Commercialization Team
Develop repeatable process for successful paths for CHOP lead Research
Oversee Development of Business Development and Industry Relations Function
Oversee Regulatory Compliance Functions :
Financial Management :
Communication and Reporting :
Continuous Improvement :
The Candidate
Qualifications
The SVP, Innovation Ventures will be an innovative leader with strong technical acumen and outstanding communication skills with the natural ability to interface and influence effectively across CHOP. The SVP will be an innovative, self-starting, collaborative, and thoughtful leader with proven experience navigating a complex, scaled environment and drive meaningful transformation.
The following experience and skills are critical :
Knowledge, Skills, and Abilities
EDUCATION
Bachelor's Degree is required and Master's Degree and PhD are preferred.
Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.
Salary : $680
