Senior Vice President, Diversified Businesses

Company: Brigham and Women's Hospital
Location: Somerville
Posted on: May 24, 2023

Job Description:

Job Description - Senior Vice President, Diversified Businesses (3241927) Senior Vice President, Diversified Businesses - ( 3241927 ) Mass General Brigham (MGB) is an integrated academic health care system, uniting great minds to solve the hardest problems in medicine for their communities and the world. MGB connects a full continuum of care across a system of academic medical centers, community and specialty hospitals, a health insurance plan, physician networks, community health centers, home care, and long-term care services. A nonprofit organization that is committed to patient care, research, teaching, and service to the community, MGB is one of the nation's leading biomedical research organizations and a principal teaching affiliate of Harvard Medical School. General Overview As Mass General Brigham pursues its strategy to become the integrated academic health care system of the future, with patients at its center, it is establishing a Diversified Business Division to further support its mission of care delivery, research, education, and community health. The Diversified Business Division will be an operating segment within Mass General Brigham, alongside the current care delivery, research and innovation, and health insurance parts of the enterprise. Reporting to the Mass General Brigham Chief Financial Officer and Chief Strategy & Transformation Officer, the Mass General Brigham SVP of Diversified Businesses is responsible for developing, growing and overseeing the performance of the portfolio of MGB's Diversified Business Division. Principal Duties and Responsibilities - At launch, the Diversified Business Division will consist of the existing Specialty Pharmacy, Global Advisory, and Clinical Artificial Intelligence Development businesses, together responsible for nearly $750M of current revenue. The SVP will be responsible for developing and executing on a strategic plan to grow and optimize the Diversified Business Division through the development of new businesses, growth and optimization of existing businesses, and management of any relevant acquired businesses over time. Specific Responsibilities: - 1. Working in collaboration with the SVP of Strategy, define a multi-year strategy for this part of the business that meets the health system's strategic and financial objectives
2. Working with the support of the MGB business development analytics team, develop and launch each new business:
a. Develop the overall business plan for each business, considering MGB capabilities, product market fit, investment profile and business case, and portfolio synergies
b. Work with Finance on how best to fund/finance the business and to take the plan through the appropriate internal and board approval processes
c. Launch each business by developing its operating plan, hiring its leader, and setting performance goals and metrics -
3. Evaluate, refresh and optimize each existing business and each new business once launched
a. Evaluate and, with the business leader, refine the business case for each business
b. Evaluate and, with the business leader, refine the business and operating plans for each business
c. Evaluate the leader of each business, and make adjustments, as needed
d. Evaluate the performance and strategy of the business, and make adjustments, as needed, in collaboration with the business leader
e. Evaluate the performance goals and metrics for each business and make adjustments, as needed, with the business leader
4. Manage the performance of the overall portfolio and the performance of each business in it -
5. Manage the leaders for each of the businesses
6. Develop a small support team and the systems, processes and tools that will be used across the businesses
7. Determine the most effective ways any operational functions (for example, product development, sales/BD) might be built and provided across the businesses and if and how support functions (for example, legal, marketing) will be shared
8. Over time, lead any non-clinical business acquired by MGB by evaluating, refreshing, and optimizing those businesses as appropriate
9. Periodically refresh the multi-year strategy for the diversified businesses unit
10. Other duties, as required
The SVP will shape and run this unit and be expected to roll up their sleeves and actively do the work described above, while also enabling their leaders to do the same for each of the portfolio businesses. They will work closely with leaders across the system, partners and potential partners, and outside advisors. The SVP be a play a critical role in charting and effecting MGB's future growth and financial success. Qualifications - --- Bachelor's Degree required; MBA preferred
--- 10+ years of experience in business development, business operations, and product development; Healthcare experience preferred
--- Proven experience of developing market strategies to accelerate the start-up and success of new businesses and to grow existing businesses -
--- Demonstrates agility and ability to easily adapt to changes and a competitive environment and remains solution focused
--- Executive level leadership in high-growth environments.
--- Experience, enthusiasm, and energy to work within a large, complex health care system Skills, Abilities and Competencies --- High level of interpersonal, communication, negotiation, collaboration, multi-party alignment, and people and business management skills.
--- Able to effectively influence and get things done with, and often without, direct authority.
--- Experience handling a large scope of initiatives and opportunities, establishing budgets and operating within them.
--- Deep experience in building, managing, and growing businesses
--- Track-record of innovation and enabling teams to innovate
--- Strong writing, communications, and presentation skills
--- Able to balance operating independently and in collaboration with colleagues.
--- Recognizes the value that different perspectives and cultures bring to an organization and demonstrates behaviors that support Diversity, Equity and Inclusion
--- Able to build and manage a cohesive team that is able to leverage a wide range of skills and perspectives to achieve common goals
--- Skilled at communicating and managing relationships within their team, with key internal stakeholders, and a wide range of external parties (customers, partners, investors, etc.); develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences. -
--- Experienced at leading through a complex and changing environment; motivates others during times of organizational stress, ambiguity and change; creates an environment that encourages prudent risk taking and continuous improvement. -
--- Demonstrates learning agility through continuously exploring and exposing team members to prudent novel approaches to solve problems, -
--- Holds self and others accountable to meet commitments.
--- Gains the confidence and trust of others through honesty, integrity and authenticity. - Supervisory Responsibilities - --- Three to five direct reports who lead businesses with teams (total team size > 100 individuals); teams will grow over time through addition of new businesses and cross-business capabilities Fiscal Responsibility --- Demonstrates fiscal responsibility, and financial stewardship by effectively using Mass General Brigham resources
--- Ensures direct reports demonstrate the same high level of fiscal responsibility and financial stewardship --- Local travel to Mass General Brigham sites; regional, national and International travel required
- Mass General Brigham is an Equal Opportunity Employer. By embracing diverse skills, perspectives, and ideas, we choose to lead. All qualified applicants will receive consideration for employment without regard to race, color, religious creed, national origin, sex, age, gender identity, disability, sexual orientation, military service, genetic information, and/or other status protected under the law. We will ensure that all individuals with a disability are provided a reasonable accommodation to participate in the job application or interview process, perform essential job functions, and receive other benefits and privileges of employment.

Keywords: Brigham and Women's Hospital, Somerville , Senior Vice President, Diversified Businesses, Executive , Somerville, Massachusetts