What are the responsibilities and job description for the Director Corporate Development position at Providence?
Description
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THE ROLE
We are seeking an individual who can act as a Director of Corporate Development. This individual will have the demonstrated the ability to provide hands-on management of individual projects and acquisitions", as well as strategic direction to a broader program.
Providence has embarked on a bold ‘Health 2.0’ vision to build a more patient-centric and tech-enabled care ecosystem, to lead in healthcare innovation, and to deliver exceptional caregiver experience. As part of Health 2.0, we have expanded our pursuit of partnerships, acquisitions, and other revenue diversification opportunities. We recently launched strategic alliances between Providence and Microsoft, Nuance, and Grail; led efforts to found Truveta (a cross-industry data alliance to accelerate clinical innovation and advance health equity); and created Tegria, a new for-profit endeavor to develop and scale next-generation technologies and services for health providers.
PSJH’s Corporate Development team has been the driving force behind these efforts. The team is a strategic group that advises the CEO, CFO, and COO on assessing, prioritizing, and completing acquisitions and partnerships that support modernizing PSJH’s operations, improving its capital efficiency, and diversifying its revenues. We are looking to expand our team to further accelerate the scale and velocity of our partnership and M&A efforts.
As Director of Corporate Development, you will play an integral part of the Corporate Development team. This will include supporting pipeline development and diligences of organizations for acquisition, focused broadly on data and analytics and clinical solutions; providing day-to-day management of future strategy; and, providing guidance as required on future state operations of revenue diversification efforts.
ESSENTIAL FUNCTIONS
Mission alignment:
- Define and exhibit Providence St. Joseph’s core mission and values including enforcing adherence to in-house policies and high ethical standards
Strategy and financials:
Working closely with the VP of Corporate Development and other executive stakeholders, support partnerships strategy and pipeline development – including articulating key investment themes aligned to the broader Providence/Tegria strategy, evaluating build/buy/partner options, identifying potential targets, and triaging inbound opportunities
Support business case development for new opportunities – including identifying and quantifying sources of value creation and strategizing structures / tactics for capturing value
Support VP of Corporate development in actively driving due diligence, negotiations, and execution for strategic alliances and acquisitions
Manage the ongoing operations of new strategic alliances after deal negotiation, ensuring that operational, innovation, and GTM value is delivered for both Providence and Tegria
Curate relationships with early-stage health technology innovators and investors
Work cross-functionally with corp dev, clinical operations, IS, and Tegria to build a pilot / innovation program to (1) better leverage extensive frontline caregiver experience to surface opportunity areas, (2) enable rapid testing and validation of prospective partner technologies in a low-cost, low-risk environment, and (3) drive faster pathways to scale for high-impact solutions
In partnership with acquired entities, Finance, IS, and other relevant PSJH entities, provide analytical and operational support on a variety of strategic projects, incl. GTM activities, product development, and cross-portfolio opportunities to ensure the success and growth of Providence revenue diversification efforts
Leadership:
Work with a diverse set of Providence and Tegria stakeholders – including physician leaders and frontline caregivers – to identify problem or opportunity areas that could be addressed by new partnerships/acquisitions
Manage a small team of direct reports, including Managers and Analysts
Share best practices with other members of the Corporate Development, M&A Integration, and PSJH more broadly
Support the identification, recruiting, and retention of talent to further expand the corporate development, and non-core functions
Culture: Foster a culture of internal innovation and entrepreneurship; launch and sustain an inclusive and supportive working environment; represent Corporate Development within PSJH; and manage relationships with external partners, investors, and the public community
QUALIFICATIONS
Bachelor's Degree in any field
Bachelor's Degree in Engineering, Law, Business Administration, or Biology/Life Sciences; or equivalent educ/experience (preferred)
Master's Degree in Engineering, Law, Business Administration, or a related field; or equivalent educ/experience (preferred)
5 years in increasingly senior roles at either a Healthcare, Technology, or Consulting company
3 years of background in both healthcare and technology (preferred)
3 years of experience in management consulting or investment banking (preferred)
3 years of experience in a major, integrated health system (preferred)
Demonstrated problem solving skills
Demonstrated analytical skills and data-driven approach
Excellent collaboration and team building skills
Demonstrates excellent judgment and decision making skills
Demonstrated planning and project oversight/management skills
Ability to effectively build relationships with customers, executive management, and other stakeholders through positive interaction and problem identification and resolution
Effective negotiation skills
Broad knowledge and understanding of the trends and changes taking place in health care
Understanding of local integrated delivery systems of a large," multi-site health system (preferred).
" About Providence
"At Providence", our strength lies in Our Promise of “Know me, care for me, ease my way.” Working at our family of organizations means that regardless of your role, we’ll walk alongside you in your career, supporting you so you can support others. We provide best-in-class benefits and we foster an inclusive workplace where diversity is valued, and everyone is essential, heard and respected. Together, our 120,000 caregivers (all employees) serve in over 50 hospitals, over 1,000 clinics and a full range of health and social services across Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. As a comprehensive health care organization, we are serving more people," advancing best practices and continuing our more than 100-year tradition of serving the poor and vulnerable.
The amounts listed are the base pay range; additional compensation may be available for this role", such as shift differentials, standby/on-call, overtime, premiums, extra shift incentives," or bonus opportunities.
Check out our benefits page for more information about our Benefits and Rewards.
"
Requsition ID: "212744
Company: Providence Jobs
Job Category: Business Development
Job Function: Marketing/Public Relations/Community Affairs
Job Schedule: Full time
Job Shift: Day
Career Track: Leadership
Department: 4007 SS TEGRIA PSJE
Address: WA Renton 620 Naches Ave SW
Work Location: Blackriver Corporate Park-Renton",,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Pay Range: $68.38 - $112.28
The amounts listed are the base pay range; additional compensation may be available for this role, such as shift differentials, standby/on-call, overtime, premiums, extra shift incentives, or bonus opportunities.
Check out our benefits page for more information about our Benefits and Rewards.
Providence is proud to be an Equal Opportunity Employer. Providence does not discriminate on the basis of race, color, gender, disability, veteran, military status, religion, age, creed, national origin, sexual identity or expression, sexual orientation, marital status, genetic information, or any other basis prohibited by local, state, or federal law.
Salary : $68 - $112
