Req #: 0000204431
Category: Leadership
Status: Full-Time
Shift: Day
Facility: RWJBarnabas Health Corporate Services
Department: Business Development
Pay Range: $225,000.00 - $300,000.00 per year

JOB SUMMARY:

The Vice President, Medical Practice Joint Venture Management (“VPJVM”) works closely with Strategy, Business Development, and other system executives to execute joint venture growth strategies that focus on acquiring successful physician practices which are typically large multispecialty and single specialty groups.
The VPJVM must have the passion and presence to support the implementation of the statewide strategy and demonstrate RWJBH commitment towards its investment practices. The VPJVM will facilitate building a great culture and lead without ego in a way that is approachable to all levels of RWJBH and investment practice leaders, physicians, and employees. The VPJVM monitors and advises investment practice leadership about strategic growth plans, financial and operational performance, and integration with RWJBH programmatically. The VPJVM must be entrepreneurial, hands-on and financially savvy who is driven to ensure that all assigned practices maintain the RWJBH standards of performance for quality, service, growth, profitability and clinical program participation.

JOB REQUIREMENTS:

• Bachelor’s degree or equivalent required. MBA, or like advanced degree, preferred
• Eight plus years of senior level strategy business development leadership experience in managing the growth and development of a multi-location enterprise, health system experience valued
• Experience in strategy or business analysis including market, operational and/or financial assessments
• Leads by example and shares the RWJBH values, mission and vision
• Helps build a great culture; lead without ego, be approachable to all levels of employees and communicate clearly the passion, commitment, and energy that management has towards its employees
• Entrepreneurial spirit and hunger - excitement about joining a fast-paced business
• Incredibly self-motivated with the ability to work independently and within a team
• Superb supervisory and interpersonal skills, as well as oral and written communications skills are essential to successfully fulfilling duties of position
• A team builder/team player, capable of cross-functional thinking
• A track record of working in an environment of collaboration, transparency, mutual respect, and shared passion for excellence and innovation
• Highly organized - able to handle multiple projects at a time
• Results oriented - systems thinker, customer focused and goal driven; action oriented and innovative
• Business savvy - demonstrated ability to integrate and coordinate diverse areas of management

JOB RESPONSIBILITIES:

• Work in partnership with RWJBH Development leadership to build the joint venture portfolio and achieve overall goals for acquisitions, growth, and financial/operational performance
• Participate in developing acquisition leads, the preparation of marketing materials, pitch meetings and calls, and joint venture relations
• Support due diligence efforts on assigned acquisitions and development opportunities
• Serve as primary relationship manager with assigned practices and their administration that nurtures the RWJBH-practice relationship and integration over time
• Develop pre-closing revenue, gross margin, controllable expense targets, KPIs, and goals for assigned portfolio practices that ensure that these goals are met
• Ensure successful onboarding of assigned portfolio practices
• Improve shareholder value by developing short-term and long-term business plans to increase growth and improve financial performance
• Support and assist in the development of assigned practice capex programs, budgeting, and execution.
• Participate in developing practice operational policies and procedures
• Coordinate and manage the financial reporting for the assigned practices
• Work with all RWJBH departments in preparation of formal business proposals, investment reporting and operational planning, including but limited to Marketing, IT, HR, Compliance, Legal, Accounting, Populations Health, and Managed Care Service
• Attend approved national and statewide conferences, and regularly read and listen to web programming to improve market intelligence and relevant knowledge related to responsibilities

OTHER DUTIES:

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.