Vice President, New Businesses

Job Summary

The Vice President, New Businesses will play a critical role in KP-s overall enterprise strategy and growth and diversification agenda and will report to Senior Vice President, Enterprise Transformation. She/he will support the marketplace and enterprise efforts working with members of the national and market leadership teams. The VP will partner with Strategy and Business Development to identify and manage strategic opportunities in the pipeline/funnel (e.g., developing new business units, integrating acquisitions, standing up subsidiaries). Once a new business is prioritized and fully evaluated, this position is responsible for further developing opportunities and executing them successfully. The VP will serve as the General Manager of new businesses from startup mode until self-sufficiency. This may include standing up and developing the leadership team for a new business. The position will be responsible for facilitating and coordinating work with various internal and external sponsors, stakeholders, and contributors. This role requires a creative leader with prior experience in market analysis, partnership development, and in building and scaling innovative healthcare businesses. The role will also require targeted experience in startups or standing up new businesses, as well as managing complex projects. The VP will work closely with cross-functional teams to ensure alignment with the overall goals and objectives of the enterprise. The Vice President, New Businesses will be a key member of the leadership team within Enterprise Strategy and Business Development (ESBD), partnering across the team to develop and manage enterprise strategic growth. She/he may lead projects independently up to $3 billion.

Essential Responsibilities

• New business strategy translation and execution:
• Translate enterprise strategy into actionable strategic business plans, requirements, and work plans to launch, support and integrate new businesses.
• Lead the development of multi-year roadmaps for priority new businesses
• General management of new businesses:
• Launch new business, including standing up Day 1-90 processes, identifying, leading and supporting the initial leadership and operational team.
• Scale the business, adjusting business model to support increased demand and/or costs, exploring new revenue streams, optimizing operations, expanding team, resources and capabilities
• Prepare for transition to sustainable operations, ensuring the new business remains mission and strategy aligned
• New Business Development:
• Collaborate with Strategy, Enterprise Transformation and Business Development to identify and manage a pipeline of new business opportunities, including potential transactions, acquisitions and strategic partnerships.
• Partner with Strategy, Business Development, and Finance to pressure test and refine business cases for new businesses.
• Cultivation of New Business Relationships: Identify and cultivate new business relationships that support the organization-s growth objectives. Explore opportunities for acquisitions, partnerships, joint ventures, and other strategic relationships..
• External Networking: Develop and sustain a network of external peers, delivery system and health plan leaders, consultants, bankers, and other marketplace experts to stay informed about industry trends and opportunities.
• Stakeholder Relationship Management: Build and maintain strong relationships with key internal stakeholders, including leaders from health plan, finance, IT, regions, Permanente, Risant, KPMF, and other national functions. Ensure alignment and support across all levels of the organization.
• Executive & Board Communication/Approval: When applicable for strategy, develop and deliver a plan to gain support and approval from executive leadership and, when applicable, the KP Board of Directors.
• Standard Work Development: Establish and refine methodologies for the identification, evaluation, prioritization, selection, negotiation, and execution of transactions. Ensure that these methodologies are applied consistently and effectively across the organization.
• Engagement of Internal & External Parties: Ensure the appropriate engagement of internal and external parties in all activities. This includes legal, compliance, finance, and other functions critical to the successful strategy development.
• Talent development
• Mentor and develop team members to build a strong strategic capability within the organization
• Identify talent needs and support recruitment efforts to strengthen the strategy team
• Manages resource capacity and allocation to ensure appropriate progress
• Supervise, coach, and develop key members of the, team fostering a high-performance culture and ensuring the team is equipped to meet the organization-s strategic goals.
  

Experience

Basic Qualifications:

• Minimum twelve (12) years of relevant experience.
  
  

Education

• Bachelor’s degree required
  
  

License, Certification, Registration

• N/A
  
  

Additional Requirements

• Demonstrated success in building and executing a wide range of enterprise strategies
• Proven ability to build and develop high-performing teams.
• Track record in corporate and partnership development or in new business start-up including health systems, physicians and other diversified businesses.
• Success managing complex programs and/or integrations.
• Demonstrated success in developing a broad range of internal/external relationships
• Collaborating and Influencing
• In a highly complex system environment, the VP will be a systems thinker who is focused on advancing the entire organization. She/he will be a collaborative team player who looks for opportunities to align diverse constituents and breakdown silos. She/he will build partnerships through systemic influence by:
• Facilitating discussions to enable people to collaborate with each other independently; promoting collaboration across the entire KP organizational structure.
• Identifying and meeting with key players and stakeholders to help them shape a consensus collectively and engaging in a dialogue to reach a final conclusion together, compromising as necessary for results.
• Developing explicit understanding of which relationships are most important to the organization and its stakeholders and building a network prioritizing these relationships.
  
  

Preferred Qualifications

• At least five (5) years of experience in healthcare preferred
• Experience within a matrixed organization is preferred
• Success in managing complex transactions within healthcare delivery is preferred.