Executive Director, Strategy & Business Development
Cedars-Sinai Medical Center
Location: Los Angeles, California
Internal Number: 21000537
Cedars-Sinai is initiating a search for an Executive Director, Strategy & Business Development. The successful candidate will serve as an advisor to the Vice President and the Executive Vice President, Chief Strategy Officer, making strategic and operational recommendations related to the health system, its management, and future direction. This is a key leadership role with responsibility for the development of Cedars-Sinai's strategic planning and business development processes.
MAJOR RESPONSIBILITIES: * Participates in Cedars-Sinai's strategy development process providing leadership and support for the development and implementation of strategic plans for all of Cedars-Sinai including the Medical Center, our affiliates, and Medical Care Foundation. * Facilitates organization review and improvement of current strategies and developing new strategies to meet the mission of the health system. * Integrates and coordinates business unit plans within overarching health system plans. * Demonstrated ability to identify and evaluate operational and management problems, and to make timely decisions and actions to effectively resolve them. * Leads the generation of business development plans and ideas for new ventures to support Cedars-Sinai's mission and strategies and provides implementation support. * Responsible for generating, researching, exploring and implementing concrete business plans for the growth and expansion of Cedars-Sinai Health System, including its medical center, the academic programs, the medical network and affiliates. * Conducts reviews of existing business units, divisions, departments and programs. * Identifies new business development opportunities, values and appraises potential targets. * Experience with ASC facility, Physician practice and Hospital transactions * Background in structuring and negotiating a broad range of health care transactions and due diligence; represents Cedars-Sinai in the development of strategic business alliances. * Prepares briefing and discussion materials on recommended transactions and business plans for senior management discussions. * Collaborates with other Cedars-Sinai executives in the decision-making process for new business plans and negotiate and finalize business relationships with other entities.
With an annual net revenue of $4.3 billion, Cedars-Sinai Medical Center is one of the largest and fastest-growing nonprofit academic medical centers in the U.S., with 886 licensed beds, 2,100 physicians, 2,800 nurses, and thousands of other healthcare professionals and staff. Clinical programs range from primary care for preventing, diagnosing, and treating common conditions to specialized treatments for rare, complex, and advanced illnesses. An example of international excellence is Cedars-Sinai's advanced heart disease program, which performs more heart transplants than any other hospital in the world. The institution's mission has been furthered by the establishment of a growing regional healthcare system (Cedars-Sinai Health System), which currently includes an additional three of the best hospitals in Southern California beyond the flagship hospital, totaling more than 2,300 beds and revenues exceeding $6 billion annually. The system also includes more than 50 outpatient venues spanning the entire region (e.g. Santa Monica. West Los Angeles, the South Bay, San Fernando Valley, and Pasadena).
MINIMUM JOB REQUIREMENTS/COMPETENCIES: * The successful candidate must have senior level analytical, strategic, entrepreneurial and collaboration skills working in similarly large, diverse health care delivery systems or management consulting organizations * Must have demonstrated progressively responsible leadership experience in large, diverse health care delivery systems or management consulting organizations. * Able to lead teams and participate positively within a team environment. * A Master's Degree or a Ph.D. in business administration, finance, health care, or health care administration. * Broad knowledge and thorough understanding of the trends and forces shaping the health care delivery system. * Client-facing strategy discipline at a major strategy, boutique strategy or Big 4 consulting firm in M&A Execution, specific healthcare M&A Execution a plus * Experience in developing new enterprises and affiliations with health care delivery systems and effectively integrating services for optimum efficiency and quality outcomes. * Demonstrated people leadership skills in the selection, motivation, development, evaluation, recognition, and retention of competent and caring personnel.
Working Title: Executive Director, Strategy & Business Development
Providing healthcare for more than 100 years, Cedars-Sinai has evolved into one of the most dynamic and highly renowned medical centers in the world. Along with caring for patients, Cedars-Sinai is a hub for biomedical research and a training center for future physicians and other healthcare professionals. This attracts exceptional talent to Cedars-Sinai, including world-renowned physician-scientists who seek a place where they can both conduct research and see patients--the ideal formula for discovery and its translation into cures. Our patients benefit from access to doctors at the top of their fields, and our researchers have an ideal community in which to study the impact of healthcare challenges, and reflect that knowledge in their research. The greater Los Angeles area in which Cedars-Sinai resides possesses unparalleled cultural and ethnic diversity which offers outstanding opportunities for translational and clinical research and a dynamic environment for medical education.Although community based, Cedars-Sinai is a major t...eaching hospital affiliated with the David Geffen School of Medicine at the University of California, Los Angeles (UCLA). Cedars-Sinai has highly competitive graduate medical education programs in more than 50 specialty and subspecialty areas, a graduate program in biomedical sciences and translational medicine, a clinical scholars program directed towards junior physicians with aspirations to become clinical scientists, and post graduate training opportunities.There are more than 250 full-time faculty members at Cedars-Sinai. The voluntary medical staff, comprised of more than 2,200 specialty board-certified or board-qualified physicians, represent all of the specialties and subspecialties and collaborate with full-time medical staff in the teaching responsibilities of the graduate medical education programs.